Some numbers out of the rumor mill for Associate offers this year:
BoA - $100k base, $30k signing bonus, $10k relocation Goldman Sachs - $100k base, $40k signing bonus, $10k relocation Morgan Stanley - $100k base, $40k signing bonus, $10k relocation
Please share any additional #s you have in this thread.
thanks, Patrick
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Damn $40,000 signing bonus? That's more than some people make all year lol. What is the signing bonus for exactly? Isn't it essentially just part of salary making the total $140,000?
Yeah but you get it up front as opposed to broken into bi-monthly pieces
Its essentially to meant to pay for a portion of b-school/go towards your loans.
And I was always curious, if you are a lateral Associate hire, (say you just finished a 3 year analyst stint at MS and moved to GS) would you see that same package minus relocation?
Even if you are an internal promote, you are likely to see this.
What are year-end bonuses usually like for top-bucket 1st years?
Also, what are salaries like for V.P and up at BB's, or are they pretty small with a higher multiple of bonus?
When do bankers break 300K in total comp?
those look like pretty crap numbers...
40k sign on these days is really good, particularly since there were rumours banks were thinking of cutting them altogether. Base seems low vs the new revised bases that I've heard for analysts (ie many 3rd yrs on 90k so 10k is pretty small gap to associate).
In this climate you wouldn't be breaking 300k till vp level with a decent bonus, previously as a mid ranking associate you would've been able to.
...but we'll have to see how full-year associate bonuses shake out at the end of the year.
As for summer offers - 40/10k signon/relo bonuses were standard this year again with only exceptions being Barclays at $30k/10k and Deutsche at $35k/$10k. Heard BA Merrill raised signon to $40k/$10k.
Anyone know of differences in base? Seems like everyone is paying $100k base for 2010 full-time associate class.
10K seems low to me also. It used to be a 15K bump. Anyone have any other data points?
GS is bonusing Associates lower this year according to sources there; could be flat from last year; rest of the industry is probably a lot worse. Best of times, worst of times.
Reviving an old thread instead of posting a new one: has there been any updates on associate pay for 2010?
Numbers remained the same.
100K, 40K, 10K was the average.
Have heard associates get a bump up to $125k after the $40k stub (after year 0). Can anyone confirm?
Also, the elite boutiques are paying 25-30% higher than the standard 100k base, 40k sign.
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