11 Comments
 

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.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

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.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 
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.

 
Best Response
SHA1991 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.

As has been said, analyst bonuses are generally paid in August, with the exception of a few shops that move you onto a year-end cycle. This is pretty much reserved for places that have shunned the two-year analyst program concept.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

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

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 
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.

This to all my hatin' folks seeing me getting guac right now..
 

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