BX Bonus Clawback
Does BX claw back bonuses if you leave before you complete the 2 year program? Seems a bit predatory if true.
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Based on the most helpful WSO content, bonus clawbacks are a common practice across many firms, including private equity and investment banking. While there isn't specific information in the dataset about Blackstone (BX) clawbacks for their 2-year program, clawbacks generally occur under certain conditions, such as leaving for a competitor or not fulfilling a minimum work period.
For example, in some cases shared on WSO, signing bonuses often have a 12-month clawback period, meaning if you leave within that time, you may owe the full amount back. Similarly, year-end bonuses may be subject to clawbacks if you leave for a competitor, but not necessarily for other career moves like private equity or corporate development.
If you're considering leaving before completing the program, it would be wise to review your employment contract or consult HR to understand the specific terms tied to your bonuses.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/jefferies-are-these-rumors-true?customgpt=1, Post-MBA Associates: Bonus Clawback/Cash Questions, Associate Bonus Clawback
Know someone who got a BCP offer and it is true the clawback is in the offer letter. Whether they would do that in practice is yet to be found out
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