Hi guys, I am rejoining a BB in LDN after completing my internship there last summer..
Was wondering how bonuses work (+ fast tracking promotions). My team has comparatively "easy" hours (60-70 per week).
If I go out of my way to get staffed on more deals (and overperforming) is there any likelihood of securing a better bonus + fast tracking to associate (third year / 2.5 years as analyst)?
Thanks!
Pls dude tell me your team I wanna join
Very few firms have fast track and these are the ones that typically have not yet moved to the 2 year analyst structure. I think JP and Jefferies are very much the only two that I can think of that have such a structure.
Your bonus is not just about how much work you do / deals you close / hours you work. It really depends on the bank but if you are the unsociable nerd that just works and no one likes in your team you are in for some disapointment.
Thank you, makes sense.
I heard JPM is one of the banks which takes the longest to reach VP (6.5 years), a full year behind GS and Barclays
Goldman is 6.5 yrs too, but BofA Barclays and UBS are 5.5 yrs.
You can find the promotion cycle for all bulge brackets in the Arkesden compensation report.
Wait so is GS 4.5 yrs as an associate? I just think that it'll be 3.5 years but no one has gotten there yet hence not reflected in the arkesden report.
Hmm you may be right, did not think about that
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