Can someone shed light on how most banks decide the split between cash vs. deferred stock for bonus? Is there a cash ceiling? How long does it take for stock to vest?
My bank does 100% cash so not sure how others do it
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Most ppl here are college students so they won’t be able to answer lol
Fwiw my firm is straight cash all the way to partner. My friend at a BB (gs/ms) tells me that starting from VP its stock after a certain $ bonus that threshold will depend on seniority and level
what firms are straight cash?
Bump to hear from others.
My firm starts equity comp when you surpass $350K all-in. Stock portion is usually 5-10% of total bonus at the VP level.
Very similar. We start deferred comp at around $300k with a mix of deferred cash and stock. It's been ~5-10% of total comp here, so closer to ~10-20% of bonus. 3 years to vest.
Wasn't a cash ceiling but throughout my associate years deferred comp was 20-25% of the bonus total
Go ask management. How the hell would we know lol?
I don't think MDs really even know the formula for how they're paid (at least the public ones)..
Edit: vesting is over 3-4 years. Stock portion goes up as you get up in tenure. Maybe up to 50-60% depending.
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