2015 IBD Analyst Bonuses
'Tis the season. So far, I've only seen posts on speculation. Would like to get a post started with actual #'s (or percent of salary). Anyone receive numbers yet?
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There have been a handful of attempts to get a bonus thread started, of little avail. Either, analysts haven't been told their number yet (unlikely in most cases as they'll be paid on 7/31), or people don't feel comfortable posting the number online (myself included). The numbers are good this year, probably better than what most are imagining.
Don't really see what the problem is with % of salary. If I had mine, I'd have no problem posting anonymously. This sort of thread has been successful every year, let's wait it out
Ours (MM IB) will be announced sometime by the end of the week. Will be paid out mid-August. (expecting $40k-$60k as 1st year which is in line with last year's range)
I think that the big question is really whether or not overall comp is supposed to go up. I have heard that while the 70k to 85k bump was supposed to be comp-neutral, overall comp will probably go up.
~85% of salary - 2nd year, top bucket.
MM IBD (non-NYC).
~85% of what? $90k?
What is your base?
I think his purpose was to conceal the absolute number haha...
Correct. My base had not been adjusted for the new salary hike.
For a little more clarity, top bucket was over 100% of base. Base defined as what was received in salary through the year (was on 70 and switched to 85 through the year).
Is this at a BB?
1st yr bulge bracket
Tiers: ~$75 ~$65 ~$50
Why are people afraid to post their numbers? Are they really that paranoid that HR is going to be casually browsing WSO and somehow take offense that a random anonymous person made a completely factual statement they're completely within their right to disclose? Embarrassing how badly some of you are whipped.
Billy Big Balls over here.
lol stfu you are a pathetic first year analyst. You were probably bottom bucket too.
You on the other hand...cant wait to give you monkey shit
Or the some of the tiers are extremely slim (3/less than 10% got into the top bucket for 1st years). Doesn't leave a whole lot of room for error does it? So if I come on, post what top bucket is for 1st and 2nd year analysts, then it doesn't take much imagination to narrow down which firm I work at, or even who I am. Then that now limits the type and amount of information I can post going forward. FYI - your comment about HR not trolling WSO is naive, they're not on our scouring through each post, although they do browse through looking for material to red flag. Also 2 VPs in our group, + most of the junior bankers are all get on here frequently.
If i had an SB i would give you one...soo many jabronis on here
Can confirm numbers are good from what I'm being told. Seems like bonuses stayed the same even w/ base increase.
So where's that Bentley at? Oh right, no Bentley yet.
Anyone know Big 4 Investment Banking / Corp Fin Bonuses for the year?
The MM bank that I worked for (no longer there) has not disclosed numbers. Rumor is they are waiting to see what Street numbers are and then adjust accordingly.
From what the analysts have told me, comp was flat as a % of base this year including the market adjustment, meaning that overall comp increased.
I have also heard the same. Our numbers should hopefully be provided next week.
What a surprise: another bonus thread that went to shit.
Haha haha this is awesome.
I'd be surprised if more analysts don't chime in here, but remember that a lot of this data will be hitting the WSO Company Database in the next few weeks... So there's also that option to get more firm specific and accurate data (since it's not open for anyone to read)
So analysts at my BB said range was 45 - 70/75 but not sure that anyone actually got that top number. I know of several in my group that got 65. all in all, ~$10k increase from last year, not adjusted for base bumps. Let's hope the same holds true for associates and up
From a friend... 90% of old base / 75% of new street base Top MM bank (believe top bucket got ~10k more, but that's speculation)
Hope this helps
Alright, I'm done being a lurker. I'll post this in good faith hoping that others will participate and make this thread useful again.
Confirmed GS 2nd year top bucket $85K-$90K, with 1st year ~$10k below that.
Curious to see if that is in line with other BB and the rest of the street.
JPM (top bucket): 1st yr 80k (155k all in) 2nd yr 90k (175k all in)
Qatalyst (not top bucket): 1st yr 80k (175k all in) 2nd yr 100k (205k all in)
Rothschild (top bucket): not a spectacular year for Roths, friends over there are talking about jumping since pretty much all T1 BB's are looking for laterals... 1st yr 75k (145k all in) 2nd yr 85k (165k all in)
Damn it feels good to be a banker.
Citi 1st year $75K - $80K 2nd year $85K - $90K (have heard of one that was higher than this by an additional $5K)
BAML Top 1st year: $155K all in Top 2nd year: $175K all in
I can confirm the GS and JPM #s
Seems like overall comp is up. Thanks for sharing everyone.
I'm at a different BB than the ones listed thus far but numbers are the same.
155k for first years and 175k for second years
Thanks guys, knew you would come through...those #s look VERY healthy :-)
Anyone with any insight into MMs? The (now) second years at my MM were very happy, but would not disclose dollar amount.
BAML London numbers (all in): Analyst 1: GBP 80k to 95k Analyst 2: GBP 90k to 110k
From what I hear this is broadly in line with other American BBs (GS/MS/JPM) but higher than European BBs (Barc/UBS)
my former BB - 2nd yr top bucket 195k all in. this may be the exception
......
Have heard JEF was way below street. Heard numbers in the 40's for 1st years. JEF tends to have much smaller bands like $5k each so wouldnt expect a lot... this was from HC so typically a better group that historically was paid higher or at least had a separate bonus pool... Assuming JEF just kept total comp the same after the $15k bump.
Full disclosure: I dont work @ JEF. Just have spoken to a number of analysts there.
Does anyone have RBC #s in New York vs. Toronto?
Can someone confirm that Rothschild is at 145K all-in?
Can anyone confirm the Rothschild 145k all-in number?
2015 BB IBD Analyst Bonus (Originally Posted: 03/28/2015)
What are the expected bonuses for 1st, 2nd and 3rd year analysts this year?
2014 for 1st years was
Just curious... how much of that bonus do you guys net after taxes?
It all depends on the group. Look up percentages historically though. They don't change that drastically if the market hasn't.
Speculation on the street:
"I heard the janitor at GS even makes 100k a year so I'm assuming like a million..."
Interested to learn how bonuses will change across the street, if at all, because of increase in base salary.
I've heard and would bet that all-in comp won't change, they are just redistributing it for cash flow purposes
Wondering what the GS janitor's exit opps are lol
CDO at Stericycle $SRCL
Mergers & Incquisitions publishes a report on expected bonuses in May.
I'm hoping for a nice 3rd year bonus as I transition out. Thankfully my firm has a great reputation for not dinging the bonuses of departing analysts (unless you leave on bad terms).
Bonuses this year probably won't be impacted by the salary increases as those don't take effect until next bonus cycle
A lot of banks are paying 85 to the current class and retro-ing everyone to Jan 1. Also interested to see what happens with bonuses. there are basically 3 scenarios.
1: Bonus stays flat as a $ amount and all-in comp goes up by the base raise 2: Bonus stays flat as a % of base and all-in comp goes up 3: All-in comp stays flat and its just a shift of comp from variable to fixed
Ive heard all variations of the above. Its in the banks best interest to have it be 3 but realistically I think it will be 1 or 2. Not as many top kids want to do banking anymore, and now that the TOP kids can go directly to PE there is less incentive to do banking at all. Also, all-in comp has yet to recover to pre-2007 highs so at some point they will have to actually give people a raise, or there will just be more kids leaving.
When lateral analysts start right before bonus season, do they normally get a prorated bonus?
Lowest Analyst Bonuses for 2015 (Originally Posted: 05/06/2015)
What is the lowest bonus paid to an IB analyst on the street in 2015?
Let's get those bottom tier banks the recognition they deserve!
lol, $0. Plus, just b/c you're told you'll get bonus that can always change so don't go on a buying spree until you see the money in your account.
You are a moron. One day you'll get a doughnut and you won't feel so smug you twat. That happens at GS just like it can happen at Wells Fargo...
....
Even if you get nothing, be happy that you were not fired. $0 for a bonus is a good indication of poor deal flow, and poor deal flow usually leads to layoffs.
i don't think you have a grasp on the industry if you really believe the above.
You're aware that most banks are now on a calendar system, aka paying out stubs to first years.
Your question really only applies to non-first years, and if you get a terrible bonus at that point, you should probably leave the industry as your time is likely limited in it, whether you control your departure or not.
Really? I've only heard of this in the context of A-to-As, not first year analysts. So are departing analysts getting a "stub" bonus on exit, or are they just not getting a bonus at all? Seems like a horrible way to attract talent.
Yeah! Make fun of "bottom tier" banks when you aren't even in the industry.
2015 Bonus Speculation / Changes (Originally Posted: 07/11/2015)
I know it's early, but has anyone received any sort of clue as to what 2015 bonuses should look like for analysts, assuming the market maintains the status quo? Assuming that the ibankers here who have seen multiple bonus rounds would be able to add some solid input.
Reason I ask it because this is a big year for analyst comp. With the change from mid-year to calendar year cycle for analysts and coupled salary increase (mine went from $70-$90k), there will surely be a change in bonus levels. But coinicidentally, we are having a record breaking M&A year (both Global and NA), and therefore we should get a boost to our bonus, right? If we are on track to beat 2007 levels, it would make sense that analysts would get bonuses similar to 2007 (we are surely working hard enough, I haven't had a Sunday off in 2015 yet and haven't worked a week less than 90 hours).
However, I can't imagine a bulge bracket bank paying out $90-$100k bonuses to 1st years post-crisis, and potentially using this $15-$20k salary bump as an excuse to avoid paying substantial bonuses despite record M&A.
Just speculation, but it does have an impact on if I wait for year-end bonus or take a private equity gig for summer 2015.
Interesting to hear what others are thinking.
How many banks had the base bump in January this year vs bump when new analysts start this summer? Total guess, but I think total comp will be up 5-10k in a typical year vs last year (base 15k higher, bonus 5-10k lower).
Our new incoming analysts are starting at $85k this summer whereas we started last summer at $70k. Not sure about all the banks, but know that DB and Jefferies also increased their pay for both incoming and current first-years and another WSO topic shows many other banks did as well.
I think your rationale makes sense. Could have something to do with the fact that first-years might still be getting paid like first-years until June, where they unofficially become second-years. Historically, second years at my bank made $20k more, and third years made $40k more in bonus. So, analysts who were placed on calendar year who started in summer 2014 are now considered second year analysts on the books, but the program ends in summer 2017 so they're not really second years yet. Thus, the pay difference would be a reduction to the tune of about half of the $20k increase that second years get, so, $10k.
If that makes any sense at all. At this point it may just be a wait and see, but wasn't sure if anyone heard anything.
We are actually hoping for a big payday this year, as it has been a killer year so far and last year. Since comp ratio usually stays the same, we hope that some $ drips down the ladder.
Interesting, good to know. I hoped the same, but have yet to go through this process.
Can you explain how this will affect the incoming analysts starting in Summer 2015? I'm a bit confused on whether bonuses are paid out in the summer or at the end of the calendar year.
What are the predictions for London? Any ideas on bonus for first year analyst at EB?
I can only speak for Germany (Interned at US BB, think GS/MS, in Frankfurt this spring) and the 2014 Analyst Class had the same base as the 2015 Analyst Class = 65€k, so no step up in pay.
Bonuses for 1st-years were paid on a pro-rata base, so that was a 15€k bonus at the firm I interned, paid in January/February.
Since it's only a few months after joining, there is also no tiers, so every 1st-year made the same.
Don't know much about other banks, but at least base pay (65€k) and sign-on (7-8€k) are extremely similar amongst the BBs.
Anyone starting to get numbers from their respective banks yet? I'm on pins an needles. I see there being 3 scenarios
A) Best case: they keep bonuses as the same % of base and we get ~85k bonuses
B) they keep bonuses the same $ so our overall is up 15k from the bump in base
C) they take money out of the bonus so overall $ stays the same and it's shifting variable to fixed.
A is obviously the best. B is probably realistic. I strongly doubt it's C considering what's going on in the industry right now and the fact they can't get kids to stay.
It's probably C. Multiple banks communicated total comp will not change because of base increase
I'm curious, I've worked for a full year now and will be getting bumped to the 90k mark in a few weeks, but it sounds like everyone else got bumped up mid-year? Is that accurate for most banks?
You guys are out of your minds. First of all only 2 quarters gone and 4Q is a very important quarter. Some banks have had a good year so far but mainly off of a few jumbo deals (which will go to a few not all). Finally, compare revenues at your division YoY rather than your group or the street to get an idea.
I'm sure this year will be fine but it's not exactly raining money.
thought market on base was 85/90/95 not 85/95/105 no?
Word through the grapevine was that SunTrust paid a middle bucket bonus of $37.5k, not sure if that helps provide any additional clarity on BB bonuses though
Where are the million Dollar (or literally speaking, the $300k+) iBankers on WSO, some one please post their W-2 or get me some stats on how many of the regular 100k range sheep actually get there in under 3-5 years.. never seen one of those in real life except a handful. Only heard stories beyond that.. can't really tell from the looks of the guy, everyone down to the guy that makes $60k dresses up in a suit. So much fluff.
100-120% of base. 90-110% last year. (EB)
Base step-up doesn't kick in until next year for is (which is essentially this month). I'm going to be pissed if everyone else got bumped up mid-year
what 300k+ are you looking for? The all in comp numbers from last year are available in past threads.
based on the numbers being thrown out here... you guys are setting up for a disappointment lol
I'm expecting people to start finding out in the next week or 2.
Any updates to this?
Anyone getting numbers yet????
I'm an associate but heard from my analysts that the range was 45-75 at our BB. Think very few got 75 and prob most are at 55/65. Looks like overall comp has gone up. Hope this trend continues for everyone else
How bad did you have to be to get $45k, or is that the "We want you to fire you, but don't want to pay severance" number?
Very surprised (positive)
All-in comp is up for 1st year class, positive news
Bonuses are ~ flat at my EB... top is a couple grand down actually.
Top middle-market M&A, 3rd year analyst, top bucket: $90k bonus and $180k all-in cash comp (also received an additional $8k through profit sharing and 401k match)
All-in comp was slightly up, but I was a little disappointed in the bonus number given how busy we were (record year).
Oh well, onto PE! So far the grass is much greener! :)
.
2015 Summer Bonus Numbers (Originally Posted: 07/21/2015)
Any word regarding 2015 junior banker bonuses for banks still on the summer cycle? My bank hasn't announced numbers yet, but is scheduled to pay out mid-August.
Rule number one...never ask someone what their bonus was
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