Frustrated with my bonus - need some help/advice
I accepted a job at a regional “boutique” because they offered me before my junior year at Chaifetz. My dad was college roommates with my MD, and that’s why I was offered so early. However I’m starting to regret it after just finishing my first year as an analyst at this bucket shop - is it too early for me to jump ship?
The first reason for leaving is that my bonus was lower than I was expecting. My base is only $120k, and this past week I was informed that my bonus is $80k. We had a pretty solid year (closed 5 deals & I was staffed on 2 of them) and I never had any major bang ups. I do live in a LCOL midwestern city, which could warrant the lower bonus (plz lmk if I’m off base with this thinking).
The second reason for leaving is the grind isn’t what I had envisioned. I was expecting to work a lot more based on what I heard about banking, and I think my longest week was maybe 65 hours. I feel as if I’m not getting the experience compared to BB/EB firms, and I regret not going through on-cycle recruitment every day because of this. Now my peers are lapping me and I’ve excommunicated myself from jumping to private equity at the prestige level that I want to.
I really want to bring this up with my MD, but I’m assuming he will just say the lower base+bonus is because I work less hours compared to other first year analysts. I’m looking for any advice on how to address these concerns - thank you in advance!
So, you got an EB AN1 base and a bonus equivalent to most BB AN1 top buckets, while only working 65 hour weeks max, and you’re complaining?? You’re either baiting or you’re extremely out of touch with reality.
OP is in touch with reality. These numbers are lower than expected. I’d likely jump ship.
Totally hear you. Come to Citi.
We'll give you half the bonus and but in exchange will give you the pleasure of working 1.5x the hours
As an added bonus, you get to work for a global banking head who is one of the worst humans in banking.
Sounds like an awful place to work. Not taking the bait.
Can you expand on the last bit? Interviewing soon and might reconsider other options as a priority
Are you talking about Vis?
Bro shut the fuck up. You made $200K working 60 hours a week in fucking missouri. i’m in nyc getting bent over 100 hrs a week for half that and eating eggs out of a mug. Hope your bonus gets cut in half next year lmao
Actually funny
Why the heck would you take that job if you’re so unhappy?
*Bent over with no reach around to be precise…
65 hours a week is the base expectations in research, and you're getting a bonus that 90% of people make in a year. Honestly, I think you're getting lowballed and should move to the non-profit space, perhaps you can develop your frontal lobe there.
lmao
Why non profit? Never heard of an exit op there.
I’d say the comp is only slightly below average from what I’ve heard, but I only know people in NYC… not whatever flyover state you live in.
What numbers have you been hearing?
My buddy who’s a VP at an EB said his A1’s made $135k base and $100k bonus. However they worked slightly more than your 65 hour week from hell.
Do all you people really think the bucket shop in Missouri is paying grads from "St. Louis University" 200k to work 50 hour weeks? You all need to take a good, long look inwards and try to figure out how you got so stupid.
It’s the financial hub of the Midwest. Don’t act so surprised that there’s talent here.
fair point, Stifel is the beacon of the manifest destiny mantra our country was built on.
$200K in a LCOL city with max 65 hours in a week and you think that's low? Am I hearing that right?
I made barely more last year as an A1 at an EB before NY taxes (and rent), and my longest week was nearly double yours. If you leave it should be because you want to move to UMM / MF PE down the line, not because of comp...
The comp was discouraging to say the least. I definitely would move to better position myself for UMM/MF/PE. Any tips?
Assuming this entire thread is not bait, I promise you that comp would be competitive among top banks in NY / SF for a fraction of the hours and COL. It goes incredibly far in midwest, especially if you're not in Chicago. What comp were you even expecting to think $200K is discouraging? I say that as someone born and raised in midwest - pitchers are like $4, rent is like $1K and the ppl probably are (presumably) not dickheads.
Ultimately optimize for whatever you want, but as other and I are trying to convey, you are objectively being comped extremely well for your hours and COL, regardless of what you feel.
If you really want to move after an entire thread of ppl are telling you you're delusional, try moving to an EB or BB to have a chance at UMM / MF PE.
OP is either very good at trolling or was dropped as a child
Two things can be true at once
Creative Rage bait.
Not taking this bait
Oh no waiter my steak is too juicy and my lobster is too buttery!
Harum alias enim corporis accusantium atque ipsum. Nostrum minima modi ut rerum vel non. Magni ut temporibus numquam corporis perferendis soluta. Omnis ab quod in rem labore rerum. Sed voluptas sint alias porro nostrum quas.
Ea sapiente doloremque unde. Molestiae magnam temporibus sed qui voluptatem. Nihil quisquam quod omnis ex eveniet itaque. Tempore quia saepe maiores et impedit. Culpa optio nobis et qui nemo et et. Nesciunt adipisci ut eos nam.
Eum beatae consectetur sint corporis earum. Nulla ex ullam rem porro. Qui occaecati perferendis blanditiis explicabo enim.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Aut iusto aut autem. Aut et consequatur reiciendis quod. Recusandae modi molestias est qui.
Repudiandae voluptatem voluptates sit laborum reprehenderit. Esse et ipsa modi esse est ullam ipsum. Omnis molestiae a nulla ipsum suscipit voluptas. Voluptatem et earum aut odit voluptatibus quis.
Porro assumenda magnam facilis deserunt in aut. Impedit et nihil et id.