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Analysts get their bonuses in the summer. My bank was mid July. If you are hired off-cycle you will get a stub bonus, typically 10k as an analyst. They won't pro-rate the full 50-70k first year analyst bonus which sucks.

Depends on the shop. Some places pay on a year-end cycle, but most pay analyst bonuses in August.

do off cycles get screwed at most banks? If I start in January (at a BB), I would be pretty much working the hopes of a 10k stub?

MMorBust

do off cycles get screwed at most banks? If I start in January (at a BB), I would be pretty much working the hopes of a 10k stub?

Can't say for sure, but I would be floored if your bonus weren't a pro-rata share of your applicable full-year bonus number.

Raptor.45

Analysts get their bonuses in the summer. My bank was mid July. If you are hired off-cycle you will get a stub bonus, typically 10k as an analyst. They won't pro-rate the full 50-70k first year analyst bonus which sucks.

Thanks. In your opinion, does this hold true if I'm not "off cycle" at my particular shop? In other words, ALL the incoming analysts just started at the same time I did.

It is normal to get a pro rated bonus...

Are there any places that pay all mid-year? What about first year associates?

yeahright

Are there any places that pay all mid-year? What about first year associates?

I know at one BB in particular all analysts are June and Associate and above are all on January. The year you go from Analyst -> Associate you will get a stub in January.

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