How to answer interview question about bonus cuts?

From today's Bloomberg, it was announced that Citi cut its IBD bonus by 20% (can't post link cauz I'm a new user). I was wondering, for SA interviews, what's the appropriate response if they ask me about it? e.g. "Bonuses are cut, why do you still want to be in this industry"?

4 Comments
 

Really? You really can't think of a good answer by yourself. God help us all. Let's try....you're not in it for the money and you find the job/industry interesting. Fuck!!!

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
OreosReally? You really can't think of a good answer by yourself. God help us all. Let's try....you're not in it for the money and you find the job/industry interesting. Fuck!!!

Yeah, haha.

A) That question seems highly unlikely to me.

B) More appropriate question which would require nearly same answer: Why do you want to work in IB (or w.e. industry)? Why this firm? Etc.

"History doesn't repeat itself, but it does rhyme."
 

Tenetur dolorem qui dolores qui ipsa officiis. Iusto suscipit ab mollitia ullam esse tempore omnis. Voluptatibus aut facilis enim nobis et corrupti commodi. Iure voluptatem non distinctio explicabo sint voluptatibus maxime.

Odit soluta dolorem similique veniam voluptatem inventore temporibus. Adipisci perferendis mollitia nesciunt quo id animi sit. Ea ratione est doloribus sunt error.

Inventore non eos doloribus sapiente. Et et rerum et molestiae. Sint perferendis omnis illo ipsam ex quibusdam est.

Consectetur sint fugiat qui voluptas. Consequatur ipsum cupiditate placeat delectus aut. Perspiciatis aut voluptate at qui distinctio. Perspiciatis rerum facere sed sequi necessitatibus incidunt blanditiis.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”