NYC BB associate signing bonuses class of 2017 (and negotiation)
What are wallstreet signing bonuses (incl. relocation) for MBAs who start this year (2017)?
Heard it traditionally was $40k (signing) + $7.5k (early decision) + $10k (relocation).
How has this changed? Does anyone have figures specifically for GS/MS/JPM/CS/BAML?
Also, Is it recommended in post-MBA banking to negotiate sign-on/relocation bonuses if one has a second offer with a much higher sign-on/relocation package?
Those five are all 60k with some difference in the splits. Some botiques are 65-75 (guggs Evercore Macquarie).
It's not recommended to negotiate even in that instance.
The 60k was only with the kicker if you signed quickly post internship. 50k (40+10) was the norm. EVR/Pjt/PWP/Guggenheim were all 70-75.
OP, in terms of negotiation, you almost won't get any leeway unless extenuating circumstances or you're a top and very non traditional candidate (the second part more important then the first). Even then, is it really worth it to give off the impression that 5k-10k is worth so much to you that you might walk away from the relationships you've built already, especially when you are going to be making 250+? It's a bad look, IMO.
I got 40+10, no early sign on. Hope I didn't mess up.
was this at GS/MS/JPM ?
One of those yeah
One of the BBs: 50K + 10k early sign on.
.
What is the sign-on bonus associates for the class of 2018? Would love to hear from BB and EB folks.
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