London: min bonus to keep you from leaving?
Saw a couple of similar threads but wanted to get one for London as we're a bit of a minority group on this forum. I'm a third-year IBD Analyst (£60k base salary) and we find out our bonuses shortly. I'm not sure what to expect because of Covid-19 but we've had a very good year so I'm hoping it is ok.
For a third-year IBD Analyst in London, what is the lowest bonus you'd be happy with? E.g. if I got a £25k bonus I would be pretty pissed off but I don't know if I'm being ungrateful by saying that so want to set myself some realistic expectations.
In IBD - as long as you don't tell you are bottom bucket (ie you suck) I would move for anything that is below 50-60% of base (60% at US BBs, 50% at Euro BBs given these pay less).
But also consider what the firm is paying - BofA for instance this year has cut bonuses because they struggled on the retail side - whilst it's not a good excuse, understand where you sit relative to your firm
Heard that BofA bonuses were not that bad for junior people (up to mid associates), so not sure about how hard was that bonus cut
Depends, if you work for BarCrap then don't expect any
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