Sign on Bonus if promoted
If you are promoted from a 2nd yr Analyst to Associate, do you receive the sign-on bonus that Associates typically receives who join after b-school? If so, how much is it usually? Thanks
Nope you normally don't, rather you get a marginal sign-on which tends to be around 50-60% lower.
your sign on bonus is bschool tuition x 2yrs .. heh.
My friend, who works at a top 5 BB, received 40K, which I am assuming is as much as if he had come out of b-school.
That being said, he also switched desks, although he stayed within the same group (DCM). However, switching desks probably had nothing to do with the sign on.
as a proxy sign-on bonus
This is interesting.
So if you're hired out of b-school signing is $40k at my bank (like what mechspech quoted). Are we saying that if you are promoted to associate in the summer ending your second year, you'd also receive the $40k signing? Interested in how year end bonuses are affected given half the year as an analyst, the other half as an associate.
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