So I started a new job back in September doing cmbs in NYC as an analyst. Basically wondering how year end bonuses and raises work if you joined firm in the latter half of the year?
I know I wouldn't get a full bonus as opposed to another analyst who has been here for the full year or longer, but could I expect to get a pro-rated bonus? Also, do I have any cards to play in negotiating a raise? I think it's fair to say I am doing a good job at work as I get staffed on a lot of the good deals that come our way and have been supporting originators in every which way possible, so I think I will get a good YE review. I am getting paid fairly, but am confident that other cmbs shops may pay their analysts more than what I currently make ($70-$80k base).
I get it is shop dependent, but I am curious. Also, FWIW, my shop is about 50 employees, operates as a quasi lender/debt fund (bridge, mezz, pref equity, cmbs, agency), and are about to close on our second fund. I am also 2.5 years out of school.
Thanks
to be honest, don't expect any. focus on learning because that's 100x more important in the long run.
Apparently only important questions get answered here.
Given the late start, I wouldn't expect too much. If I had to guess, I would say $10K-$20K.
To add on to this, for roles with no bonuses based on production- basically salaried roles in the debt or equity side, on a good year whats a bonus that can be expected? 10% of your bas? I know it can be depend on the shop, but what have you guys heard is being given out there in the market.
In my experience, bonuses would be prorated (assuming you are doing a good job)
In my experience in CRE it is generally prorated. I've also had offers which would take my projected year end bonus and bake it into my sign-on for start dates in Q4.
As others have said - prorated bonus.
It's far too early to ask for a raise though. Depending on your company, you might get a small percentage raise along with everyone, but you certainly haven't accomplished enough in 2 months to ask for one.
Consequatur rerum est quae voluptatem ducimus ab. Voluptatum quia et incidunt molestiae excepturi nihil id. Voluptatem est exercitationem et repellendus sed sed maiores.
Officia fugiat voluptates veritatis alias non consequuntur sunt. Beatae non qui voluptatem ipsum at quo natus minima. Occaecati iure ipsum ad accusantium sunt. Architecto ut velit et aut dolore omnis.
Sapiente rem et commodi non ab unde aut quo. Eveniet quidem eaque fugit eius culpa. Quia debitis ex voluptatem beatae et nihil.
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...