Hi everyone. Starting this thread because haven't found any recent info on this. Could anyone please share bonus figures for this/last year for ANL & ASO and share your year? Looking for data points across the bank. For example, A2 bonus for 2021 was $125k.
Concerned that given the strength of last year's ANL bonus numbers it will be difficult to match or increase. Thanks!
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An2 was $105k for mid bucket, $125k top
An1 was $75 - 95k I believe
There also was a one time “covid” bonus for like $15k. Not there anymore, but would say the chances of the bonus going down are much higher than going up… possible they maintain the same but wouldn’t count on a raise. For reference in 2020 bonus was $35k for An1 and $55k for An2.
A $115k bonus for high performing second years was common, know several people that got that. Only know of 1 person who got a top bucket AN2 bonus.
Following
Bump
There is no chance we match last year’s bonus. Across banking this will be true. Last year was an anomaly for many reasons, and now banks are so well staffed they probably wouldn’t mind some turnover.
I would expect a reversion to the mean, except a “new normal” from prior year bonuses. If I had to guess, something like 50k for mid bucket A1, $70k for A2
How much are you expecting for A3 this year? Deal flow seems to be pretty shit this year. Hours are also much better.
What would you guess for associate 1?
Associate just got bonus paid out 2 months ago. Too early to tell for next year.
Think it was ~100% base. Associate seem happy with bonus at the firm.
Ain't no way - base was raised to 100k. Would they really pay out 50k for a A1 first year?
Think it would be higher or lower?
Following. Pretty interesting to speculate on as an employee. Many factors IMO. Economically would not think last year can be matched, but I still think retention is a problem, and at other firms and not sure I agree with the above about banks being so well staffed. Maybe going into the summer plus all the slowdown in the market right now, but even reduced workload compared to 2021 I don't think supply from workload has fully caught up with, or firms are still concerned about ppl leaving given high finance turnover, COVID life reevaluations, etc. Also think the high associate numbers should indicate that analyst numbers will be good (any scenario where associates get these massive bonuses and analysts get stiffed? Obviously not the exact same time period for the bonuses, but still.)
If it's as simple as this is the bonus pool, now allocate, then I don't know. Would be curious to hear if it really is just that.
Most (?) importantly though, what is all-in comp for street these days? I know Truist may not be able to match this, but has indicated it would like to via the bonus route, or at least be close.
Truist analyst pay schedule at 100/105/110 is bottom of street again. IB leadership has been pretty consistent on lower base pay with compensation weighted toward bonus.
Analysts last year got ~100%+ bonuses in June, and associates this year got extremely generous bonuses (~100%+) in March, when it was already clear this year wasn’t going to be as profitable.
It would be shocking if average coverage and lev fin analysts didn’t get at at least 70k/90k bonuses for AN1/2 in June.
Good points.
Any insight on what bonuses look like for ECM/DCM?
Curious if anyone knows bonuses for credit delivery/PM?
Any 2022 numbers?
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