When people reference YOE in comp discussions (such as https://www.wallstreetoasis.com/forum/hedge-fund/…) do they mean YOE at start or end of the year?
I.e. is a first year analyst at a bank 1 YOE or 0 YOE when quoting their TC?
Confused bc they now have 1 YOE, but that comp was given to them for work done with less than 1 YOE, so both options seem reasonable.
| +433 | Don’t work at UBS - UBS Sucks | 40 | 28m |
| +327 | Article - UBS’ Investment Bank Keeps Losing Ground | 41 | 4d |
| +183 | Should My Intern Get a Return Offer? | 53 | 4h |
| +63 | When to Leave Office as Intern | 8 | 5d |
| +56 | F*ck it I'm Going to Med School | 19 | 1d |
| +39 | What do you say to ppl who don’t know EVR/LAZ/CVP/PJT | 29 | 23h |
| +39 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 2 | 5d |
| +38 | Living in greenwich as an analyst? | 8 | 1h |
| +32 | STEM student lost in London IB recruiting | 18 | 6h |
| +28 | Getting Laid in IB? | 13 | 31m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Your YOE is however many years you've had of work experience, as the name implies. If you're a first year analyst who literally just joined... That's 0 years. If you're a first year analyst about to go to An2 then (assuming the bank promotes annually) that's 1YOE... If you're 6 months in that's 0.5 YOE.
It's literally just counting years.
Ok sure that makes sense, so 1 YOE now is a 2021 graduate analyst getting their first full year of pay just now.
Imo it is confusing because when you get an offer and an expected bonus, you quote YOE up to starting. So at the start and end of year your comp is roughly the same, but YOE increases.
All I can say is this is only a problem in your head. When someone quotes expected comp, they'll say that. 99% of people are quoting what they've actually received, not what they expect to get a year from now.
Sure bud, thanks for the help regardless.
Mollitia suscipit expedita aut provident aut ut laudantium. Vitae aut enim quaerat.
Ullam quibusdam accusantium sunt nisi aut placeat ratione quidem. Sed voluptas illum in quis rem consequatur et. Doloribus modi voluptas ut accusantium. Sed fugiat vel amet. Qui deleniti qui dicta sequi.
Officiis doloribus totam nesciunt id necessitatibus tempore. Voluptas dolorem unde repellat velit. Aliquid vel nemo et nostrum. Ducimus et consectetur vel occaecati distinctio vero.
Alias deserunt qui soluta tempore cum id. Possimus rem at animi. Consequatur optio fugiat atque neque ut fuga aliquam. Enim nostrum iure voluptatem dolor perspiciatis commodi.
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...