Do you expect to meet your target bonus?
With this incoming recession, as what many have been saying, do you expect to reach your bonus? My bonus is like $16K-$20K or so but I’m worried I’d only get like half of that. What are your guys thoughts?
If I don’t get 100%+ I’ll be quitting on the spot. Been the most productive junior person 3x for over a year running now…
Generally analyst bonuses will stay on target as they are “low cost”. It’s MD/D/ and maybe VP that gets a lower bonus as they are more focused on production and driving revenue. Note: it also depends on your business line. If you’re at a fund - management fees won’t change as a result of a recession as AUM is down. At a developer, you may not do a deal, but development fees should stay constant unless developments are finished mid recession and the fee is fully paid. For the most part - the places where a bonus might be cut is where fees are driven by volume - such as brokerage. However, even there analysts will probably get paid.
With the above said, some firms will use the cover of a recession to cut bonuses even if fee income is unchanged.
Damn that sucks. Im in brokerage/capital markets so I guess I could be expecting a lower bonus?
Totally team dependent, has your team been busy/closed a lot of deals?
Deal flow has been somewhat steady but as far as closing I’m not sure
It's a little odd you don't know whether the deals you worked on closed, but that's generally what will determine your teams bonus pool unless you work at a shop that aggregates everything
No clue - team dependent. Has volume and fees slown down? If so, maybe. Analysts and associates usually get paid either way. Everything above that is a toss up.
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