How do bonuses work for Analyst 1? Does it depend on the firm/how it does that year?

I know there are a lot of topics on bonus but I am still sort of confused on how they work.

How does a first year analyst bonus at a BB work? Do different BB's pay higher bonuses for analyst 1, or is it just dependent on how the firm/group does that year?

For example would a JPM Analyst 1 make more than a BofAML or Barclays or any other BB analyst? Or would the difference just be not that much 5-10k?

And how does your team decide if you are a "top" bucket or "mid" bucket analyst etc?

6,201 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '24 Oct 2026 Cohort

5.00/5

Investment Banking LinkedIn Review

“I wanted to share some feedback on my sessions with Andre. Andre has deep knowledge of investment banking, and he approaches every topic very strategically. His guidance while I was preparing my interview stories was especially valuable. One thing that stood out was that even a week after our previous session, Andre remembered me and everything I had shared about my background and goals. That meant a lot to me and made our sessions much more productive. He is also very direct. He tells me clearly what works and what doesn’t, which is exactly the kind of feedback I need. At the same time, he is funny and witty, so working with him is a lot of fun. Our sessions almost always run longer than scheduled, because Andre makes sure we cover everything properly before we wrap up. He is very dedicated and very patient, and I really appreciate the time and effort he puts in. I leave every session with Andre feeling clearer and more confident about my preparation. Thank you, Andre.”

Canadian University Dubai

Class of '30 Sep 2026 Cohort

5.00/5

Investment Banking Why [Industry] Review

“Amandine is a really helpful mentor for my situation as it was really easy reaching out to her via WSO and scheduling a session and her advise was really helpful and i'd love to learn more from her experience as she's very experienced and very kind and has wide market understanding and is very nice .”

See All 11,457 WSO Academy Reviews

Trending Content - Investment Banking Forum

+157	UBS Tech layoff	52	21h
+147	Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment	23	1h
+145	UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT	31	37m
+60	Are target prospects getting dumber?	26	3h
+58	How do YOU manage networking requests?	17	5h
+46	Leaked Interview Questions to Recruiting Services	26	22m
+37	What Differentiates the Best Analysts as AI Improves?	9	4d
+36	Quitting After First 4 months	12	1d
+34	MBB Pay Raises	26	1d
+33	Cornell Club T10 Rankings (UPDATED 10/2026)	19	1d

Career Resources

1	redever	99.2
2	BankonBanking	99.0
3	kanon	99.0
4	Secyh62	99.0
5	Betsy Massar	98.9
6	CompBanker	98.9
7	dosk17	98.9
8	GameTheory	98.9
9	DrApeman	98.9
10	Linda Abraham	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

How do bonuses work for Analyst 1? Does it depend on the firm/how it does that year?

Score Breakdown

Feedback

Score Breakdown

Feedback