I got a job offer in the back office doing something related to data mining to build a bridge between the technology and research division. The base salary is $90,000, though I am a fresh PhD. Usually, how much bonus back office position can get in terms of percentage of the base salary?
Many thanks!
my last year in BO was 20% of base.....
What back office positions are these? I heard BO is usually 5-10%?
Anyone know the bonuses for HR or IT specifically?
What is your PhD in?
damn it must be something like computer science related... pretty decent pay
My PhD is in computer science. Damn it. 20% of base is nothing. How about those VP in BO? Are they also only getting 20% of their base? Thx!
Up. Looking for the newest figure for 2009. Thx!
PE Backoffice Bonuses (Originally Posted: 10/25/2010)
Hi all,
Anyone have an idea what % bonus a backoffice person (operations, compliance, etc) can expect at a megafund (BX, KKR, TPG, etc)?
Thanks, kcw984
Why not ask? You don't have to be direct, but you can say something like: "A lot of people with my background are expecting total comps of $X. If I have a good year and the firm has a good year, will my compensation be higher, lower, or somewhere around there?"
It's a conversation that has to happen- you just have to do it with some couthe.
Back office bonuses are 5-15K across Wall Street, from what I've heard. I'd expect something in that range. You've done nothing to contribute to the firm's "great year" why would you get an outsized comp package as a result of it?
Not being a dick, but thats the bottom line. A back office monkey's fat bonus comes at the expense of a front office money's fat bonus. Great year would equate to a FO person getting say 1.5x their baseline bonus, perhaps that same multiple gets applied to your 7-10k bonus. That would be my assumption.
Are you getting paid overtime? How are your hours?
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