Hi all,
Was just curious if there’s been many cases when the EoY bonus actually paid out was higher than what you were quoted?
Just curious to see what is normal and would appreciate any datapoints.
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Based on the most helpful WSO content, it is generally uncommon for end-of-year (EoY) bonuses to exceed the initially quoted target. Bonuses are typically determined by a combination of individual performance, team performance, and firm-wide results, and the quoted target often reflects the upper limit unless exceptional circumstances arise.
However, there are instances where bonuses may exceed expectations, such as: 1. Exceptional Individual or Team Performance: If you or your team significantly outperform expectations, management might allocate additional funds to reward the effort. 2. Firm-Wide Outperformance: If the firm has an outstanding year and generates higher-than-expected revenues, bonus pools may be adjusted upward. 3. Retention Concerns: In cases where firms face competition for talent or risk losing key employees, they might pay out higher bonuses to retain staff.
That said, the opposite scenario—bonuses being lower than quoted—is more commonly discussed in WSO threads, often due to factors like underperformance, budget constraints, or internal politics. If you're in a situation where your bonus exceeds the quoted amount, consider it a rare but positive outcome!
Sources: Justify Your Bonus, https://www.wallstreetoasis.com/forum/investment-banking/bonus-season-comps?customgpt=1, 2020 bonuses, EB Compensation 2019, 2022 Bonus Megathread (IB Only)
Yes, target bonuses are not usually lower unless you did something egregious/nefarious/fireable, but can be higher for out-performers.
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