How do bonuses work for off-cycle hires/laterals?

Lateraling to a top tier BB as a 1st year IB analyst. 

How would bonuses work for somebody like me? Is it pro-rated? Or would I automatically be enrolled in the lowest bonus bracket?

5 Comments
 

Not banking but I joined a place mid year and mine was prorated.

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

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