Heard RBC recently announced bonuses numbers. Does anyone have any insight into analyst bonuses and buckets?
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They were top of street last year. If their numbers came out we woulda HEARD from the RBC is a BB crowd
TRUST me, no one at RBC actually thinks RBC is a BB… idk analysts that clown themselves harder than those at RBC lmao.
No way I’d consider last year top of street either, they were around the same as BBs / less than EBs and other MM banks. With less than Street base and no COVID bonus.
Not sure what analysts got in comparison to other banks but last year AS1 top bucket was like ~$380k all in, ~$450k for AS2 top bucket which seems higher than most if not all BBs other than GS.
That’s impressive
That’s probably fair and actually completely forgot about that, was just speaking from the analyst perspective since I assume that’s the relevant time of year right now and what OP was asking about.
Morale among analysts at RBC is pretty low and has been for a while, so that comment surprised me haha.
How could it be so low with pay so high?
Bc analyst pay just isn’t high and that’s literally what I’ve been trying to say this whole thread? Lol.
People are all clowning Barclays but RBC effectively paid the same to An1’s this year when you factor in the gap in base. The guy above was right about associates I think, but I don’t understand the prevailing concept that RBC pays analysts?
Then factor in worse exits, less retention, more useless pitches, understaffing…
What did Barclays pay analysts all in? Mid bucket A1 in my group was 160k I believe with top bucket 5-10k higher. Morale in my particular group doesn't seem low as we haven't had much turnover and observationally I wouldn't say on average across the groups it is low (or lower than other banks I know of) but M&A has pretty high turnover. I would in general expect RBC to comp better than Barclays because Barclays is a more well-known and established bank and you have to attract talent somehow (and Barclays culture is supposed to be good as well so you have to compete with pay). Just like I'd expect SVB to comp more than BAML or something.
From what I’m seeing on here, Barclays was 110 base and 35-55 bonus so call it 145-165. RBC seems to be right around that range (ik a classic middle tier group that reported about 45-65 range). No one expects boutique money, but I’m just sick of reading that RBC is “highest on the street” on the same site that’s making fun of Barclays…
Also — entirely no disrespect, but since I’m reading your VP title on here, honestly how good of a handle do you actually think you have on morale at the analyst level? We’re obviously both speaking from experience but seemingly very different perspectives. To be fair, you seem to know your stuff so maybe it’s just very group dependent or some other factor (it’s not impossible that I might happen to surround myself with all the negative people!). Disclaimer is I’m not in M&A or even situated anywhere near them so they’re not my reference point (and they really seem to embrace the suck anyways lol)
Yeah, I mean I think there's probably a what, 10k pay variance between the BBs and inbetweeners at A1 across the board? So it's interesting that people get bent out of shape for it but I understand that it's obviously still a way people feel valued for their work. I also recognize that $10k difference is not the same at $150k and $500k or whatever. I can't really say analysts are reporting into me with morale check-ins but I use people leaving to other banks specifically as a proxy for how bad morale is on a relative basis. While we have people leave, it's very rarely to other banks in my team. Plus they frankly have the ability to take more vacation than me and go MIA for more than a week at a time lol. But again, I only have exposure to my group and a couple others from having worked with them - M&A is one of those groups and it's pretty different for sure.
Yeah, point taken honestly. My best explanation is that analyst roles feel so homogenous and interchangeable, there’s zero loyalty from banks, and very few intangibles at the analyst level. The people and culture are ever-changing, most have fairly similar hours, and exit opps vary but also seem to be getting more liberal with branding. So then comp seems to become the main differentiator. The number isn’t exactly substantial, but shallow as it sounds, there’s not much else to brag or be happy about at the analyst level…
It sounds like you have a great team, so that’s awesome. Retention in our group definitely doesn’t look as good, and we’re not even considered a “bad” group in any given metric (hours, culture, pay). I think internally our group is just dissatisfied with leadership and “culture” in the sense of misalignment of interests or weird pandering from above.
From my perspective, sometimes a long vacation is a sign of being checked out, but I can’t say that’s necessarily true for your analysts. Hopefully things stay positive on your end and other groups become more in line tbh.
Bump
Interested as well
Strangely, it's in the consolidated bonus thread on the front page.
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Wasn't it ~160ish all in for top bucket a1?
Any insights on A2/A3 pay?
Can anyone there confirm?
Think a2s got ~200
Little bit higher, actually.
An2 in canada (toronto)
Base 95
Bonus 120 (excl. 10k a2a sign on bonus)
Pretty happy compared to other Canadian banks
Wow pretty good
That’s Canadian though
Close friend got just shy of 70k USD for A1, coverage, mid bucket.
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