Trying to figure out my budgeting for the next year. Can anyone give color on what a first year analyst bonus is for a BB FICC trading desk? Is it usually a stub bonus or full year bonus given in July?
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Won't lie to you, you generally shouldn't budget around a bonus. It's an uncontrollable variable. Generally, my policy was and always has been live off the base, invest the bonus. As your bonus scales up a ton, you end up with a lot of extra money, like more than you know what to do with. Actual financial freedom is better than living it up and spending every penny you have.
That said, depends on the bank. Generally my bank was always pretty open about projected bonus, but maybe that's unique situation. I'd assume bonuses are going to be in the 25-50k range, expect TC in the 100-175k range(I don't know what your base or sign on was, so can't comment on total)
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