No signing bonus for FT 2011 in the UK?
Hi guys,
Friends of mine got offers from GS London and received no signing bonus (base and relo are standard). True in IBD as well as Securities; true of returning interns as well as new hires.
=> Is that something you're seeing at other BBs?
By the way, there might be an other explanation: is the signing bonus in the US the relocation package we get in the UK? 5k to 7k GBP is approx. USD 10k.
People on this older thread mention base and signing, but only an associate lists a relo payout. The one guy from London mentions his base, a relo, but no signing. //www.wallstreetoasis.com/forums/base-salary-number…
Cheers,
How much was the relocation assistance? I had an offer in Asia and they supplied $10,000 (pre-tax) relocation assistance, and I assumed this was also my signing bonus. I also had an offer in the US which came with a $10,000 signing bonus but no relocation, so I'm assuming they're kinda the same thing...?
Some definitely still pay sign-on bonuses, around 5-7k. But, I guess GS might just pay it out as a relocation bonus, it comes out to about the same. I don't know whether there are any tax incentives (doubt it) or maybe it's just a different policy.
Its the same, just differently worded. relocation=signing, no differences.
I dunno about GS but almost every BB/boutique is paying sign-on bonuses in London of £4-7k.
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