Great team, shit pay - stay or leave?
Received an insultingly low bonus, single digit %.
Great team, culture, etc. but this is a big slap in the face after working 70-80 hour weeks
What would you do if EVERYTHING except the pay was great? Quit?
Experience level and total comp?
Why can’t you name the bank? You are using an anonymous screen name.
If you bonus was in the single digits after working 70-80+ hour weeks constantly, what does that say about how much your team actually cares
What was the reason for the bonus percentage?
Either you are incompetent or that group is getting a stealth layoff
And tbh it's probably the latter
That would suck if true
What did others get for bonus?
Prioritize nice team and over money. Money will come later
Not if you’re working 80 hour weeks. You onlu have one life, and you should get adequately compensated for working 80 hours.
Op go and job hunt. Some is off if you have a nice team but are getting paid as little as you are for those hours.
If everyone else was paid a much higher percentage, it may be helpful for you to apply to other roles.
What was the % from last year?
I would recommend taking a moment to take a step back and think about other potential opportunities. You can likely leverage your strong relationships with your team / colleagues to make good connections and network into another role that fits your needs. It’s completely understandable and defensible to leave a role if compensation is unsatisfactory even when you’re performing well. Best of luck.
I would say this would generally be fine if you were in a corporate banking role or something similar - know someone who essentially makes a similar bonus % but that's standard in their group, and they only work 30-35 hours weekly. That's not bad for the hours put in considering his base is street
Single digit % is lower than corp dev and basically a back office bonus - honestly lower than most back office bonuses
if you are at a real BB / EB - that is a sign of group layoffs or performance firing on deck.
have to leave.
If you are at one of 15-20 investment banks frequently discussed on this forum and you are an associate… a single digit % of base bonus (take it your base is somewhere between 175-250) is a soft firing
You should look for other jobs
If IB and not Natixis, probably time to move to another firm
Agreed - what would be your motivations for staying at a place that gives you a single digit % bonus for 80 hour weeks?
Consider if the people you work with are worth spending $100k+ to work with instead of other people
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