I’m curious to know what happens when you take 1-2 months off for maternity leave in the year and if the approach to this is consistent across banks.
Are you told if your bonus is pro-rated for the months you were off? Are there any other formulas used for it?
Also do you by default get an average rating?
| +101 | People who despise the industry you work for - uncomfortable date story | 60 | 15h |
| +20 | Cardone Capital…..Crashout | 13 | 1d |
| +12 | Trapped With No Way Out | 2 | 20h |
| +9 | Who is your current crush? | 22 | 34m |
| +9 | MLB The Show 26 Double XP Guide at U4GM | 0 | 1d |
| +6 | Things to do in Charlotte before Tame Impala | 3 | 4d |
| +5 | Masters tickets lottery | 4 | 5d |
| +3 | Best Uber Eats Restaurants Toronto | 0 | 5d |
| +3 | For WSO users from NYC: What is your favorite NYC Football team? | 5 | 1d |
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.
Based on the insights from the Wall Street Oasis discussions, the approach to bonus calculation during maternity leave can vary significantly across banks. However, there are a few common practices and considerations:
Pro-Rated Bonuses: It's not uncommon for bonuses to be pro-rated based on the time you were actively working during the fiscal year. This means if you took 1-2 months off for maternity leave, your bonus might be adjusted to reflect the time you were not working.
Performance Ratings: The default rating during maternity leave can vary. Some banks might give an average rating for the period you were on leave, while others might base your rating on the work you completed before and after your leave. This heavily depends on the bank's policies and the discretion of management.
Consistency Across Banks: There is no one-size-fits-all answer, as policies can differ greatly from one institution to another. Some banks might have more generous policies that do not penalize for maternity leave, while others might strictly pro-rate bonuses.
Communication: Typically, banks will communicate their policy regarding bonuses during maternity leave either through their HR department or directly from your manager. It's important to have a clear understanding of your bank's policy so there are no surprises come bonus season.
Other Considerations: Some banks might offer additional support or adjustments for women returning from maternity leave, such as flexible working arrangements or additional resources to ease the transition back into work.
It's advisable to directly consult with your HR department or manager to understand how your specific bank handles bonuses during maternity leave, as practices can vary widely.
Sources: Does the Investment Banking Wage Gap Still Exist?, IB exit opportunities for women that want to have kids, Justify Your Bonus, Q&A: Buyside women, Q&A: Buyside women
Minima tempora blanditiis error consequatur iusto tempora error dolor. Sint repellendus inventore asperiores. Temporibus neque fugit nesciunt suscipit eligendi voluptatem ea. Quis officia enim sint ullam commodi accusamus porro sed. Deserunt eos voluptatem autem inventore delectus praesentium qui. Totam ipsum assumenda quo rem nulla similique.
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...