How common is it for a BB to pay a YE bonus of $10-15K, even if bottom bucket?? I thought bottom was ~$40k.
Posting for a friend because I think this is ridiculous, especially with everyone getting crushed in WFH. Btw this is AN1 at a top BB in coverage. Please chime in.
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Is this actually true, NYC? Wow
Not NYC - yes. This is true.
Is this in NA/EU then? Or Asia?
NA - another IB hub, just not NYC.
Probably their Houston office lol
LOL
Not common, you either have your information wrong (group, bonus number, etc) or your “friend” is nicely being told they should find another job.
Numbers are right. Brutal.
But has anyone ever seen anything this low? I'm dumbfounded.
Wait you just released the name of the bank, had another posted say it was a 60-80k bonus
Are you sure he/she is in true IB coverage? Your friend isn't in middle office right lol?
Yes true IB coverage
What coverage group or location? Can you give any more specifics?
This is a “you are a liability and not an asset and you should find another job” bonus. I think their consumer group did that to a couple of associates a few years ago.
Your friend is being told in a not so subtle way to find a new form of employment.
There’s nothing for he or she to do but to spend all their time and energy on exactly that
Similar thing happened to my friend. She went to an MD because someone in the group was harassing her. The person harassing her was the MDs favorite associate. MD sided with the associate but since there were screenshots, couldn’t fire the analyst because she’d sue for wrongful termination. So analyst slacked off until she got her shitty bonus (15k) and then quit.
It’s the “fuck you, please quit” special bucket bonus
Does anyone know what the Bonus ranges were for JPM IB NYC?
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