I lateraled into a new bank a 3-4 months before bonuses. When negotiating the offer, HR told me on the phone that I would get a full, non prorated bonus come summer (versus an upfront bonus buyout). However, in retrospect, this wasn’t in the offer letter at all - no mention of bonus outside of the standard terms.
Is it possible that I could get screwed? What is the likelihood? Any horror stories?
Thanks
| +368 | Don’t work at UBS - UBS Sucks | 36 | 31m |
| +326 | Article - UBS’ Investment Bank Keeps Losing Ground | 41 | 17h |
| +121 | Should My Intern Get a Return Offer? | 44 | 4h |
| +60 | When to Leave Office as Intern | 8 | 3d |
| +54 | Best IB Group Overall? | 32 | 17m |
| +39 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 2 | 3d |
| +33 | What do you say to ppl who don’t know EVR/LAZ/CVP/PJT | 28 | 1d |
| +33 | F*ck it I'm Going to Med School | 15 | 2h |
| +31 | STEM student lost in London IB recruiting | 17 | 2d |
| +26 | [HELP REQUESTED]: Take A2A Promo or Go Corp Dev | 9 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
There is always some possibility that you would get screwed if it's not in writing. A buddy of mine got a verbal promise of a full-year bonus of $X but the person that struck that "deal" left the firm. HR and the group head were unaware of this "deal" and he ended up getting pro-rated with an amount that was lower than targeted. It's very situational but I'd recommend just waiting to get the number and if its pro-rated, just tell them you were expected to get a full year number etc. I dont think they will screw you unless you were underperforming.
FWIW I relied a few times on these verbal representations - no writing, pushed back to get it inserted into the offer letter but was rejected. Luckily there were no issues at all at year end.
Et porro aut omnis ullam. Dolor reprehenderit eos quia repellat nisi sed.
Numquam est ipsam reiciendis labore itaque incidunt maiores. Aliquid sunt ex non ea et. Enim incidunt ut sit omnis et porro.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...