MS Bonus #’s???
MS Comp day was today. Let’s hear some numbers. Do we think the market / layoffs had an impact from last year?
Level: Bucket: Bonus: Total Comp:
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Friend at MS AN2. Bonus straight up zero
is this real?
Unfortunately. He's leaving though / already quit so he's over it already
Cap
Thank you, David.
MS is going to become even more of a WM firm when Saperstein is named next CEO
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Bump on this. Can we get verification of range for An1?
Someone in the big thread said $35-$65 but I think it’s lower. Heard of some donuts and $25’s
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What was top bucket
I know for a fact I was an upper-middle ish bucket analyst based on backchannel info from roundtables, and I got $35K as an AN2 in a good group that keeps M&A entirely in-house.
Seems like MS took the approach of laying off very few people, much less than other firms, so the bonus pool necessarily suffered as a result. Fair play I suppose.
That said, I and very many others won't forget the visceral sting of such an insultingly, embarrassingly, humiliatingly fuck-you-pay-me low number after multiple borderline mental breakdowns / existential crises over the past year. My bonus wouldn't even cover one year of the incremental assisted living care that I'll probably need in 2050 attributable to the damage I did to my heart / brain / soul this year. The biggest fuck you is that MS earnings were not as bad as expected and the stock is up like 12% in the past month.
MS' approach here is exactly like deferring essential maintenance on an apartment complex. Will it crumble next year, or the year after? No. Will it become progressively more apparent to the relevant market participants that shit stinks? Yes. MS is subsidizing this year's profitability by dipping into their brand equity slush fund. It's not free.
Because 90% of the analyst class leaves every year, there will come a time when a lot of former analysts are decision-makers at sponsors and strategics, and I think very few can let this year not bitterly tinge their view of their time at the firm.
The smartest people on any investment banking floor are either analysts or MDs. I would rather be an actual ass corn farmer than be in banking long-term, where over hundreds of repetitions the conformation of your synapses changes to make you think that the double space in footnote 6 on page 39 actually matters. It doesn't. But you can't take an angle grinder to your soul year in and out as a cost center to people making real decisions without rationalizing that what you're doing isn't entirely futile.
So basically my question is: 15 years from now, would I rather conspicuously give a mandate to Evercore over MS (all parties knowing I'm an MS alum), or give them the mandate and be really demanding to make their lives absolute hell? Probably the former because I don't want to torture anyone who didn't make the decision to fuck my class over.
Tell us how you really feel
This comment in context with the other MS thread jerking off their HC group is hilarious
"People making real decisions"
so many places to take this silly comment but I'll settle for "lmao"
Second to last paragraph is a top-3 all-time statement on this website
At least you haven’t lost your writing skills
Can you PM me? Feel like we might be in the same group.
I was an analyst at MS a decade ago and this post brings me back to the good old days. Their playbook hasn’t really changed…group specific bonus decisions, bonuses heavily skewed to 1-2 favorites in the group skilled at playing politics, median bonus probably = street bonuses. Funny how some things never change
AN1
Middle Bucket
45k
AN1
Middle Bucket
$25k. Absolutely pissed.
Corporate banking mfs are getting comped better than MS IBD what a world we live in.
My A1 stub was higher in the mid 2010s. Sorry bro....
How can $25k and $45k both be middle bucket?
Diff geo? MS roundtables is per geo basis
I’m hearing $25k is NYC tho
AN2 Coverage $80k
Heard from buddy interning there that some analysts got 0’s for their bonus
Are these figures for NYC IBD?
Yes, unfortunately believe so. Heard from friends in other NYC coverage groups their mid was $25k. Hard to believe, maybe it was closer to that $42.5k number?
An1
42.5k
Not sure where I landed bucket-wise but had great year end reviews
Was this top?
Any other figures for NYC IBD? Atrocious if $25k for mid bucket is true.
An1
Product
Top
$55k
Any other data points
I love all the “pissed” analysts saying this will backfire on MS.
Read the room, they want a good portion of you to quit.
Lol they think that making a S&U table is a valuable skill
Any definitive word on what the range was for AN1 and AN2 (bottom/mid/top)?
Believe An1 is $0k-$55k. Unsure about An2 but heard some An2’s were also at $0k. If I had to guesstimate based on the past, An2 top was $75k plus or minus $5k.
Have a strange feeling those with $0 bonus are in danger if another round of layoffs happens.
AN 2
Mid-top bucket
$48.5k
Lmao being a junior in banking is less appealing than ever…
Buyside ops from undergrad
MBB comp not too different
Banking talent drain will only accelerate if they can’t even maintain the comp advantage
Banking talent will drain, boomers will complain and then proceed to throw Gen "whatever" under the bus for not being strong enough. Oh well, guess we are all screwed.
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The unfortunate truth is that MS views analysts as monkeys who do two years and leave. As such they are expendable and not worth investing in or paying high bonuses to. Talk to any more senior banker at MS and that is the mentality I’ve seen. You guys are of limited value because ultimately they are training you for PE and not to stay at bank.
Totally bone headed long-term I agree … but such is the world.
I'm not sure it's boneheaded, it's more mutualism. Most people pick MS/GS because they want to leave. That's why GS can treat their people like crap and still have every prospect banging down their door lol. If people were picking banks for 'careers', I think they'd pick pretty damn differently - or would, if they understood how it worked.
As someone at GS, I can only agree. Would go to EB for more responsibility and better comp or to MM for better WLB if I wanted to stay in IB.
What was MS IB base for AN1 and AN2?
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