Post MBA Banking - Bonus Timing

Quick question for all who interned as Summer Associates in banking (during business school) and then signed with the same bank - what year was the signing bonus paid out? I'm asking to figure out cash flow while in school.

For example, if I begin school in 2015, then have an internship in the summer of 2016, and then join full time in the summer of 2017 (post graduation), is the signing bonus paid out in the summer of 2017 or after I (hypothetically) commit full time in 2016?

Thanks for the help.

7 Comments
 

Depends on bank. Some pay them on acceptance (JPM) others around christmas, but most pay in the spring near your graduation date.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 
  1. depends on the bank. some banks give them several months before they start working, some banks give them with first paycheck
  2. definitely have time for vacations. most starting dates for FT training are late june to mid july
 

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