HSBC IB Bonus
Heard today is comp day, any insight to the numbers and range? Wanted to get an idea how the sentiment is, and if people are happy or not. Considering a lateral.
Heard today is comp day, any insight to the numbers and range? Wanted to get an idea how the sentiment is, and if people are happy or not. Considering a lateral.
Career Resources
Ah, the jungle drums are beating with the sound of comp day at HSBC, huh? Well, based on the most helpful WSO content, it seems like there's a bit of a mixed bag when it comes to HSBC bonuses, especially considering the historical data points shared. For instance, in previous years, the bonuses have varied quite a bit:
These figures give us a glimpse into the past, but as for the current sentiment and the exact numbers for this year, it's a bit like trying to predict the weather in the stock market - it can be quite volatile. The sentiment around bonus day can swing wildly depending on the numbers that come out. If the bonuses are on the higher end, you can expect spirits to be high, but if they're lower than expected, well, let's just say it might not be all smiles.
Considering a lateral move based on today's numbers? It's a jungle out there, and moving branches can sometimes give you a better view of the forest. Just make sure to gather as much intel as you can. Keep an ear to the ground (or in this case, the forums) to see how the numbers are shaking out and how your potential new home compares. Remember, it's not just about the bananas; it's about where you can grow the best.
Sources: HSBC Bonus Range?, 2018 /2019 Commercial/Corporate Banking Bonuses, 2015 IBD Analyst Bonuses, JPM IB Bonuses
Bump
bump
Bump
It's not until next week
Heard cap markets got base raises today
Next week
following
Bump
bump
Discussion this week
Apparently the base pay for all analysts was increased more than expected…
Bro absolute bs. It’s only for cap markets ppl
What was base raised to?
Have there been raises in base pay for both analyst and associate positions? Are they in line with industry standards, such as $110/120/130k for analysts and $175/200/225k for associates?
.
Good luck for tomorrow guys!
You too man
Flat
Was comp based on old base? Also, what was Flat, $60k?
Bonus for me was around 55% of base. Base pay did not increase. This was a pretty good year for my group, bonus did not reflect that. I should feel shitty but this bank is the OG shitty bank, so my fault for being here…
VP? In line with peers?
Hard to tell what everyone else got. I was told this is near higher end versus peers. Could be a complete lie. I got Strong performance rating, one below top bucket, for what it’s worth.
Bonus was 45% of base. Received strong rating, base was increased. My group did well, the bank did well but the bonus did not reflect any of that. It’s humiliating as compared to the numbers of hours spent.
Wow which group? Surprising given the variable pay increase that was announced
Was your bonus % in line with others at your level? Over my years, Ive seen people get 0 or something much lower (like others got 75%+ but then they get something like 40%) as an indicator.
Management is never going to directly tell you to leave until it’s too late, but you need to read the writing on the wall sometimes. If you get a way lower bonus, or are not promoted, you might want to start interviewing.
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Mind sharing at what designation ?
How are others placed and how are they feeling? I lack any motivation to engage in any tasks.
bump - any other figures?
I think it’s around 40-50% of base
That's bad. Traditionally, they only paid approx 70% of the base salary when other banks were offering 100%. They took advantage of the market downturn despite having substantial profits.
Did the base raise affect sales and trading or only IB
Bump
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