Just wondering what peoples thoughts are on this.
I work in a regional office of a lower MM bank.
Team of 7 MD's and the rest junior.
I am analyst 3 /associate 1 equivalent (grades are not as formal here as other banks) and I get paid no bonus!!!!
At first I thought this was because things are really bad and we are not making any money but this year was a "bad year" but we still did $8m in revenue.
I suppose my question is, given the performance of the business and size of the team is it understandable that I am not getting a bonus or would you expect that a team generating that amount of rev would pay bonus?
As an analyst, shouldn't you know that Revenue != Profit? Your bank could be making 8 mil in revenue, and not be making any money to give away in bonuses.
Or did everyone else at the bank get a bonus and you did not? If this is the case, did you just start working there or have you been working there for a while?
Did you have bonuses in your previous years?
That sucks. How much of a bonus were you expecting in relation to your salary? Did anyone else get a bonus?
Started recently so not sure about previous years. I have been hesitant to raise the issue with peers but practically 100% sure they also receive no bonus.
How recently? I wouldn't expect a bonus if I switched firms during Q4
This
what is your base, and approx how many junior employees are there? $8m in revenues really isn't all that much especially considering that the 7 MD's probably take a sizable portion of the payroll budget for themselves.
Since you joined recently shouldn't you have negotiated some sort of stub for your first year? Especially since it seems like you are coming in with experience.
Can you point to your revenue contribution?
Sounds like this situation could be defused if OP would communicate more information to us, before he makes some rash decision and ensure he gets no bonus ever. Then they continually move him until his desk is in the file room.
or basement
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