No more big bonuses for senior bankers in Europe

I found this article interesting:
http://go.bloomberg.com/market-now/2013/04/11/even-bankers-dont-believe…

"Now British bankers are sobbing that new European rules limiting bonuses to two times salary will spell the end of London as a financial center. That’s not the case. As you can see from the latest Barclays numbers, many managing directors are already close to that point. Remember: a bonus that is two times salary means that salary is just one-third of your compensation.

Does all this mean more top bankers and traders will head off to start their own boutique shops and hedge funds? Yes. The big-bonus era gave them the benefits of both public ownership and private partnership. They could sell the cake and eat it, too, going public and continuing to pay themselves as much as they pleased. Now more of those bankers and traders will have to choose between the safety of big shareholder-owned companies and the prospect of ginormous pay."

A 2x salary bonus still sounds like a lot, although it's much less for certain positions. Would the same thing happen in the US for bonuses anytime soon? I'm a college freshman so this doesn't really involve me, but I'm just curious.

10 Comments
 

So this guy is seriously saying a bonus that is two time salary means that salary is just one-third of compensation? Get the fuck outta here.

When a plumber from Hoboken tells you he has a good feeling about a reverse iron condor spread on the Japanese Yen, you really have no choice. If you don’t do it to him, somebody else surely will. -Eddie B.
 
SureThingSo this guy is seriously saying a bonus that is two time salary means that salary is just one-third of compensation? Get the fuck outta here.
?
[quote=Dirk Dirkenson]Shut up already. Your mindless, reflexive responses to any critical thought on this are tedious. You're also probably a woman, given the name and "xoxo" signoff, so maybe the lack of judgment is to be expected.[/quote]
 
SureThingSo this guy is seriously saying a bonus that is two time salary means that salary is just one-third of compensation? Get the fuck outta here.

If I had poo it would be thrown at you. ugh...you have the real estate tag too. C'mon, we struggle enough for legitimacy as it is :p

Commercial Real Estate Developer
 
SureThingSo this guy is seriously saying a bonus that is two time salary means that salary is just one-third of compensation? Get the fuck outta here.

Looks like somebody failed math class.

 
RiskyBiznessI'm pretty sure SureThing is being facetious. Saying that salary would thus be 1/3 of total comp is a bit John Madden-esque...

Lawd let's hope so

Commercial Real Estate Developer
 

Dicta explicabo ut asperiores. Incidunt consectetur quia maxime nam. Eius quis eos nesciunt sit reiciendis.

Magnam ducimus corrupti iure expedita occaecati. Sit ratione voluptatem debitis.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”