67 Comments
 

J.P. Morgan announces bonuses (for associates and higher) on January 21.  Teams in Asia are beginning to get their numbers as I post this.  Good luck everyone!  Let's hope all the comments below me aren't salty...

 
Most Helpful

Not impressed.

Level: Associate 1 -> Associate 2
Base: $175k -> $200k
Bonus: $140k (80% cash / 20% stock)
Rating: Top of class

 

Someone wanna explain the logic to me of:

1) BBs paying low bonuses when, relatively speaking, wouldn't be super material to make people (somewhat) happy. Is more comp getting taken by seniors in comparison to the past (rather than banks reducing fee pool takehome for groups)?

2) Working at a BB for anything other than analyst reps? Not to pile on but associate comp at most MMs clearing this. 20% stock bonus 😂😂

 

This is a great question. For part 1, I think it’s just greed. The bank or the MDs have the money to give everyone an extra $50k of comp to boost morale, but they choose not to out of greed.

For your second question, 100% correct. It only makes sense to be at a BB if you’re an analyst, or a D/MD. Everyone in the middle gets paid like trash. VPs at BBs frequently receive lower bonuses than associate 2s at some MMs

 

Disappointed 

Level: Associate 1 -> Associate 2
Base: $175k -> $200k
Bonus: $135k (80% cash / 20% stock)
Rating: top performer  

 

Sharing a non IB bonus data point. Private Bank, Single Coverage Banker/Advisor

Top performer, comp is dependent on production.

Sr. Associate 3 

TC - $475k

Base - $170k

Bonus - $305k (75% Cash, 25% stock)

Promotion to VP, Salary increase to $285k. This is by no means typical and the range of outcomes varies significantly. It's not *sexy* but I leave the office at 5:15 most days.

 

Sharing a non IB bonus data point. Private Bank, Single Coverage Banker/Advisor

Top performer, comp is dependent on production.

Sr. Associate 3 

TC - $475k

Base - $170k

Bonus - $305k (75% Cash, 25% stock)

Promotion to VP, Salary increase to $285k. This is by no means typical and the range of outcomes varies significantly. It's not *sexy* but I leave the office at 5:15 most days.

this guy is living the life lol. my Associate 3 in IB probably was all in $450k and id be lucky if was logging off at 10.15

 

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