VP Promotion bonus?
Can anyone please share an idea on the associate to VP promotion bonus (not annual bonus) at a bulge bracket? Would other banks cover the promotion bonus when people switch?
Can anyone please share an idea on the associate to VP promotion bonus (not annual bonus) at a bulge bracket? Would other banks cover the promotion bonus when people switch?
Career Resources
Others are getting promotion bonuses?...
Think analyst to associate used to be ~$25k. Not sure what’s that’s now and how much should be 2VP would be now
Anyone you lateral to will be happy to cover the standard $0 "promotion bonus".
Some banks have programs where analysts to associate promotes get a ~$100k bonus if they stay for 3 years after promotion to associate. So effectively if you stick around to be promoted to VP you get that extra $100k. Is that what you’re asking about? If so, I would be very surprised if another bank wouldn’t pay that out if they were recruiting you. Experienced associates / VP1s are in very high demand and banks are paying up to get you
Hey man thank you so much for the insight. That’s exactly what I wanted a second opinion on
Hi, do you mind giving some examples of which banks/groups have that?
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