When do bonuses get paid out for BBs/EBs?
Hey everyone - i'm an incoming first year analyst and I was just looking to see when firms pay out bonuses. I heard that most pay out in the summer for analysts but Centerview, Barclays, and UBS pay out in January/February. I was also confused on why its a stub bonus if they pay it out in the summer? Analysts start in July and hit the desk in August and if bonuses are paid out in June/July, we've been on the desk for 10/11 months.
if we’re all lucky, 2022
I don't know what some of the above comments are referring to. It is the norm across the street for analysts to get paid out on a summer bonus schedule to align with the two-year program and associates + get paid out on a calendar year. There are certainly a few firms that pay out stubs to analysts and have everyone on a calendar year but the vast majority of shops are on a summer schedule.
That said, my firm pays out in August and can confirm two of my friends at BBs and one other at an EB are all on the same timeline. I know some firms pay out a little earlier in mid-July.
This is wrong. A majority of banks started moving all IB professionals on calendar year bonus cycles ~2017 for simplicity or payroll, fuck if I know the real reason.
See the thread below. Maybe a few EBs do summer bonus for analyst, but I know for sure at least 2 major EBs are calendar cycle for analyst.
https://www.wallstreetoasis.com/forums/20192020-investment-banking-bonu…
My BB also pays summer bonus, but by all means keep telling us we’re wrong intern.