Isn't that basically the 25th-75th percentile payout anyways (i.e. most years fall between 40K and 70K)? That's not really any kind of prediction. And in any case, it's waaaaay too early to speculate on bonuses to be paid in 17 months...seriously.

Better question: why do you want to know??

If you can predict this, please predict 2010-2011 DJIA.

We don't even have a f-ing clue about the 2010 numbers...so wtf...

LOL @ SarahP

Using his modeling techniques, he would likely predict 8000-12000.

how about we comment on 2010? last year top tier for 1st year was c. 50k. Pls comment on 2nd/3rd year too

90k for me. But probably 60k for you losers.

If top class of 2008 Associates are around 175-200 this February, then top analysts could reasonably expect 75, 100, 125 for 1st, 2nd and 3rd years respectively.

The obvious caveat is that 1H 2010 is as good or better than the current trend we're experiencing.

As for 2011?? Who knows. My personal guess is that 2011 is going to be a big letdown year. We can't continue on this cocaine-addicted economy forever. Higher rates we probably dampen capital markets activity and may make many M&A deals tough to finance. But, again, that's just my opinion.

Tiger, thanks for your opinion. Please show me where I said 2010 M&A and IPO activity would be slow or sub-par?

I specifically mentioned 2011 as the letdown year. Do you honestly think that capital markets activity will continue to boom like this once the government has stopped buying securities and started to raising rates? My point is that the extremely attractive financing markets of 2009 and 2010 will end up stealing future business from 2011.

Right now everyone and their mother can access HY markets to refi in the high single digit and low double digit coupons. We are at pre-crash coupon levels (albeit not all-in leverage levels). This will not continue once rates start to creep up. And when that happens people will no longer "opportunistically" access debt markets and the fee wallet will shrink quickly.

IPO markets are clearly the wild card. Alot of PE funds may need the exit even if the valuation isn't a homerun.

I don't think 2011 is going to drop off a cliff the way things did in 3Q 2007, but it will also be nothing like 2009 and 2010.

any updates?

im a 2nd year and would be really happy with 80k

bump approaching that time of the year... what are your bets?

so UBS gets no bonus ?

I think based on the trailing twelve months and year-over-year that M&I shows, it is fair to reach the same conclusions that they did. 0-10% increase seams reasonable, but 0% increase seems realistic. I can't imagine it going down as M&A and IPO activity are obviously both going to be up, and the numbers are up from last year.

Bump. Surprised theres been so little chatter on this at the end of May.

bump. i've heard numbers being flat this year - given that some banks are under regulatory scrutiny and deal flow hasnt been crazy this yr. would love to hear more thoughts.

Flat is the new up. I will take flat YoY, as bonuses have been flat to down since 2008.

Any news? No performance reviews or any discussions at my bank yet

I suspect analysts starting this summer will have a strong bonus season next year given the huge pickup in activity. I think this year we're staying flat to maybe a +10%.

I think first year bonuses come out in 2-3 weeks.

At my bank performance reviews are supposed to be given sometime in June (probably next 2-3 weeks) but, as far as I understand, bonuses are NOT discussed. Last year bonuses were paid mid-August. Not sure when they were announced.

Didnt top places range from 70-100 for first years? I dont see how a flat bonus could be bad, at least at those places.

70-100k lol...i wish.

$65k was the top bucket at several of the better banks and not the norm across banks on street. If you want more money, go to good boutiques and you will get compensated better than your BB peers.

GHL is prolly gonna be 80k for top bucket 1st yr

any news? banks will announce bonuses in the next two-four weeks... let's see who's first

you have to realize that at most BB's, few people end up getting top bucket... expect 50-60 for 2nd/3rd bucket

Well here is the first data point I have seen for June: $95k for 3rd yr bonus (up about 10% from last year 3rd years) for a stronger mid market bank outside NY. Given how payouts have been there vs other friends at BB I would expect (if history is any indication) that top buckets @ BB would be in the 80, 90, 105 range for 1st through 3rd years, but just a swag guess.

very interesting. thanks for sharing.

I remember last year Citi and JPM gave out the highest bonus of 65k to first years yes?

Bump. Which banks have already announced bonuses?

What is the update on this? In past years, the first round of banks would announce mid-Jul with the rest announcing first week of Aug. Which banks have announced? Haven't seen the spreadsheet circulating anywhere yet.

I am hearing something like:

$60-70k for top-tier 2nds $80-90k for top-tier 3rds

Typical MM shop

If you went to Harvard, probably in the 100k to 150k range, if you didnt, 1. what the fuck are you doing at an investment bank 2. try to get a new job before you are fired.

any banks that announced yet?

Unionbusters is pissed because he went to Harvard and didn't get an IB offer. Congrats at being a nontarget in life, Union.

MCA, appears you're at MQG. Have you guys actually announced yet?

No announcements yet?

The lack of numbers posted on here leads me to conclude either

1) All the banks are pushing back announcement to end of Jul, hitting accounts in mid-Aug or 2) Numbers that have been announced so far were bad (highly possible given GS and MS stub earlier this year) and people don't want to talk about it

We got pushed back because nobody else had announced, and nobody wants to be the first.

Lebron, what kind of bank are you at?

Numbers are out. BAML 50 / 70 / 90

MM Bank

$60 / $80 / $100

Top-tier across the three years

I want to know how much Qatalyst bonus was..

UBS 50 / 65 / 80

FTPiper, are you at UBS? And what was the spread for each year? $15?

Yes, that is what the spread is. Top bucket through bottom bucket. Usually $15.

Number's for a top middle market bank:

Top bucket 1st years: 65k Top bucket 2nd years: 80k

Sounds like everyone's about flat Y-o-Y.

New normal.

.

Mod Edit: Poster is a tool and thus his post was edited

Communication Dates (confirmed):

UBS - 7/28 BAML - 7/28 BarCap - 7/27