2018 Bonus Rumors

Has anyone been hearing rumors on how bonuses are looking this year?

WSP: "An investment banking analyst should make $155, $180K, and $205K in years one, two and three (plus or minus $5-10K depending on how good or bad the bank did). Perhaps add an extra $5K to be safe this year given that results were up slightly."

Comments (148)

Dec 19, 2017

Any idea how Barclays Analyst numbers are looking?

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Feb 12, 2018

Like shit because they suck

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Feb 13, 2018

They did pretty well in 2017, I heard A1 generally got 70-100% bonus

Dec 20, 2017

Does this apply to S&T as well?

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Dec 20, 2017

On the analyst/younger associate level I've also heard S&T falls slightly below banking.

Jan 3, 2018

Likely not. S&T is under pressure of Mifid II regulation right now.

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Dec 20, 2017

$155K for 1st year? ? That's pretty high even for IBD. I think on average it's more like $120-140.

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Dec 20, 2017

Might be including signing bonus for 1st years, otherwise your range of 120-140 is a better average to expect.

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Dec 20, 2017

$85k and $70k bonus. Seems in-line maybe even low.

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Dec 20, 2017

On whose word?

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Dec 20, 2017

Have buddies at third tier banks, think HSBC/nomura/BNP/mizuho, and their first years are on 85k plus 10k sign on plus $50k full first year base, so a bank that doesnt pay the highest is giving these kids $145k, industry coverage.

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Dec 31, 2017

Know some bulge brackets paying below that even in decent coverage groups

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Jan 2, 2018

Haha in Hong Kong, actually Nomura pays almost the highest on the street, around 105K base. And BNP pays almost the lowest, around 60k base. So putting them together seems wrong...

Jan 5, 2018

I made $155 in my first year.... so it's true:)

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Apr 23, 2019

How far does $155 go in NYC living an analyst lifestyle? Does everyone save a lot?

Array

Jan 5, 2018

bump

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Dec 20, 2017

wow! fuck my work life balance.

Dec 20, 2017

Middle Market first year here. $80K base with $45k bonus - Non NY

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Dec 21, 2017

RBC and other Canadian banks should have reported.

Jan 3, 2018

Where can we see the reports?

Dec 26, 2017

Have a couple of buddies at Canadian banks - ~70K bonus for second-year analysts

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Dec 26, 2017

Anyone have numbers from last year, or 2018 estimates for third year associates at BB in New York.

Tough to get data points outside analyst numbers on this forum.

Dec 26, 2017

Anyone have any ideas on Sales & Trading Bonus Numbers?

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Dec 26, 2017

the original numbers:

A1: that number is ~ top bucket at an EB
A2: Upper Middle bucket EB. Know kids who crack 200k as 2nd yr at EB
A3: Don't know any analysts who are still there after 3. More banks are moving to 2 or 2.5 A2A promotion. But that seems light given the A2 over 200k.

I think realistic numbers (excl. sign-on)

A1: 85k + 60k - 75k
A2: 90K + 75k - 90k (I'm treating the above as an outlier though if you guys know of more than i would revise upward)

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Mar 1, 2018
HugLife:

the original numbers:

A1: that number is ~ top bucket at an EB
A2: Upper Middle bucket EB. Know kids who crack 200k as 2nd yr at EB
A3: Don't know any analysts who are still there after 3. More banks are moving to 2 or 2.5 A2A promotion. But that seems light given the A2 over 200k.

I think realistic numbers (excl. sign-on)

A1: 85k + 60k - 75k
A2: 90K + 75k - 90k (I'm treating the above as an outlier though if you guys know of more than i would revise upward)

These numbers are absolutely correct

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Dec 27, 2017

What a lot of ppl seem to be missing is that stubs are extremely common these days for first years. Most BBs gave stubs, ex jpm and maybe another one. Standard An1 stub is 25k

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Dec 27, 2017
the magnum:

What a lot of ppl seem to be missing is that stubs are extremely common these days for first years. Most BBs gave stubs, ex jpm and maybe another one. Standard An1 stub is 25k

True... forgot that this is a thing now.

Jan 2, 2018

Are stubs worse?

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Dec 28, 2017

.

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Dec 31, 2017

Anyone know how DB is doing on bonuses this year?

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Mar 9, 2018

DB did well in 2017, but really really badly in 2018, 20-30% decline from 2017 for analysts

Best Response
Jan 1, 2018

those numbers are insane, excited for the years to come. god bless the trump era

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Jan 7, 2018

Yes all you have to do is cut corporate rates and rates for high earners and the economy goes wild. Bush did the same thing dummy

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Funniest
Jan 7, 2018

dummy? you're in corporate banking analyzing credit for a reason son

What concert costs 45 cents? 50 Cent feat. Nickelback.

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Jan 1, 2018

What about London?

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Jan 3, 2018

Bump

Jan 2, 2018

Any numbers for Hong Kong BB?

Jan 2, 2018

agree w these amounts. can confirm all in comp. EB in the US

A1 - $155k
A2 - $185k
A3 - $205k

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Jan 2, 2018

Analyst in Sales & Trading (Tier 2 Bank) - base 90K + bonus of 40K. Not sure where the street average is.

Jan 2, 2018

I heard Morgan Stanley wasn't giving out any bonuses this year because they are TOTALLY BANKRUPT!

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Jan 2, 2018

I'm not old enough to say this, but I'm going to say it....

Kids these days are spoiled. For 2004-2007 and 2010-2013 it was basically

A1: 70K + 20k/45k
A2: 70K + 40k/75k
A3: 85k + 60k/90k

2008/2009 it was 70k + 0 or a pink slip.

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Jan 3, 2018

My old SVP brought home $240k in the early 2000's as an A2 with the surge of tech IPOs.

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Jan 3, 2018

We've printed a lot of money since then, inflation is rampant ha!

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Jan 3, 2018

wouldn't inflation explain this....

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Jan 4, 2018

Assuming 2% inflation from 2004 - Now, you're looking at
A1: 92 + 26/59
A2: 92 + 53/99
A3: 112 + 79/119

Interestingly looks like they were better on salary and worse on bonus in the aughts. Wouldn't have guessed that

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Jan 4, 2018

Inflation kills Purchasing Power and Woolymammoths - saw it on Fox News and CNN.

Props to @Gainalyst2015 for running the numbers. In MD speak* if you could refresh those even though I won't be meeting with the client until next week.

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Jan 2, 2018

Not sure how these bonuses could be this high for a 1st year analyst given that most start in the summer (mid year when it comes to bonus cycle). Pretty sure most BB 1st year comp is $85K base, $10K sign on bonus, $25K stub bonus.

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Jan 2, 2018

First year analysts are definitely not pegged at the typical YE bonuses mentioned above. Most banks are stubbing the first years at 20-25k. I'm pretty sure S&T at a BB is getting 20 stubbed. 25-30 seems the higher end of the stubs this year.

Jan 3, 2018

Damn, this thread makes me realize I am severely underpaid...

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Jan 3, 2018

And when will the dick measuring contest commence? 4.7 here....... flaccid

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Jan 3, 2018

MM Boutique (bonuses paid in July):
A1: 85k + 45/60k = 150k plus/minus 15k
A2: 90k + 70/90k = 180k plus/minus 20k
No third year analysts

First year who got 40k bonus got fired

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Jan 6, 2018

what did they do to earn a 40k bonus + firing?

Mar 1, 2018

Bad English

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Jan 3, 2018

First year at an EB
95k + ~75k bonus

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Jan 4, 2018

Which EB are you at if you don't mind me asking? 95k base seems very high even for EB.

Jan 4, 2018

Probably referring to EVR - my friends there receive 95k base

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Jan 11, 2018

Doesn't this also include a 22.5k pre-start signing bonus?

Jan 11, 2018

no it does not. we received that after signing the FT offer post internship

Jan 4, 2018

The bad news is that you're all fired. The good news is that you have 2 weeks to get your old job back

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Jan 4, 2018

Old world EB: 1st YR: $85k + $70K; 2nd YR: $90k + $85k (NYC)

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Jan 5, 2018

I made $155 in my first year.... so it's true:)

The numbers seemed to be right for the top bucket:
1st year - 85K base + 75k bonus
2nd year - 90K base + 85k bonus
3rd year - 95K base + 125 bonus (based on summer 2017 numbers)

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Jan 5, 2018

So are the rumors of 1st year Analysts making $200k all-in here complete bogus?

https://www.wallstreetoasis.com/forums/jefferies-h...

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Jan 6, 2018

No. Jeff HOU has a separate bonus pool that was, if i remember correctly, negotiated by Ralph Eads (top upstream banker, huge player in shale revolution).

If Jeff kills it in HOU, their analysts can definitely clear that. As was the case for 2017.

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Jan 5, 2018

what is current bases across analyst 1 to associate 3 across banks?

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Jan 5, 2018

A1: $140 - $160k is market; $165k+ you're an elite/top bucket analyst

classes ahead should add $15-20k per year give or take

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Jan 6, 2018

thanks.

Jan 6, 2018

LZ is said to be distributing all bonuses in shitcoins. XRP & VEN predominantly

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Jan 11, 2018

How hard is it to lateral from corp banking? Holy shit these numbers are big.

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Jan 14, 2018

EVR and PJT were 197.5 all in for first years and 200+ for 2nd years this past summer

Array
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Jan 16, 2018

dying to see BB equity sales numbers...I do not feel good about mine

Jan 16, 2018

These numbers seem high to me, or they're all M&A. Analyst 2, S&T, top BB. $90k base, $30k bonus. Manager insists I'm being paid street.

Jan 16, 2018

You aren't.

Array

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Jan 17, 2018

So what would be appropriate then? It's a top BB and the team outperformed.

Jan 17, 2018

Well, S&T + ur being underpaid

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Feb 1, 2018

.

Jan 18, 2018

Any more S&T numbers?

Jan 18, 2018

Any more S&T numbers? Curious also

Jan 19, 2018

A2 S&T at my BB was 90 + 45-65 + small stock grant. Anecdotally, seemed based on bucket rather than desk but my sample is trading-heavy. 90 + 30 seems below street but maybe other banks took the bad trading year to heart.

Jan 16, 2018

You aren't.

BB S&T Ao1 - 140k base, 70k bonus, Ao2 salary 150k

Array

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Sep 6, 2018

Street bases for S&T associate, Assoc 0 - 125k, Assoc 1 - 140k, Assoc 2 - 150k, trend now?

Jan 17, 2018

Anyone got numbers for Brazil's BB branches?

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Jan 17, 2018

Anyone hear anything about LAZ and MO numbers?

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Jan 18, 2018

Also interested from an Associate perspective.

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Feb 9, 2018

Mo associate stub was 50k. 1st year associate all in ~300-315

Jan 20, 2018

Seems below expectations seeing as to how no one is disclosing.

Jan 20, 2018

A1: BB M&A 235k all in
A1: EB M&A 310 all in

That's associate, not analyst (post stub)

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Jan 20, 2018

What buckets?

First year BB associate bonus with 150k base is less than 100k? 235k seems low for even middle bucket at a BB and 310k sounds high for even top bucket at EB.

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Jan 20, 2018

I heard 1st year post stub 250k at bb

Jan 20, 2018
TheNameOzzyBIsAlreadyTake:

What buckets?

First year BB associate bonus with 150k base is less than 100k? 235k seems low for even middle bucket at a BB and 310k sounds high for even top bucket at EB.

310k was average at a top EB. The 235k was one anecdote (so not sure about bucket) in a BB m&a group.

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Jan 20, 2018

Any estimates for third year associates?

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Jan 20, 2018

Any estimates for first year analysts at Wells Fargo?

Jan 20, 2018

Boutique (non-EB) Analyst 1: 170K all in

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Jan 22, 2018

Any numbers for analysts on stub cycle yet?

Jan 23, 2018

Anyone know which BBs do and don't use stubs?

Jan 24, 2018

Afaik only BAML and JPM pay in the summer.

Array

Jan 25, 2018

GS is a summer cycle too for analysts

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Jan 24, 2018

I've heard MS and JP pay stubs, but not sure how true that it.

Jan 30, 2018

Depends on the group - think JPM CCB is on stub.

Jan 25, 2018

Anyone would have insights on how do LevFin bonuses compare with M&A bonuses? I am especially interested in MM banks!

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Jan 31, 2018

Hey Julien are you at Jefferies?

Feb 16, 2018

Nope, still in college!

Jan 29, 2018

.

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Jan 31, 2018

Anyone have a idea for Analyst 1 all-in comp for Canadian banks...etc RBC

Thanks in advance.

Jan 31, 2018

Less Than At BBs For Sure

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Jan 31, 2018

And what would you say that is in London?

Is this consistent with all industry/product groups?

Thanks

Feb 1, 2018

Has anyone heard the bonus range for full-time associates at bulge brackets? Curious what top end might be at GS, BAML, JPM, MS.

Feb 1, 2018

.

Feb 6, 2018

.

Feb 8, 2018
ifyb23:

Good headhunters?

Wouldn't know... I personally marked myself as "open" or whatever it is LinkedIn calls it to flag it to recruiters that you're open to different roles, they make it so those within your own company can't find you on the list, it's a free option... have been getting 2-3 messages a day, some are completely out of nowhere - Apple reached out for a supply chain role managing a part of their supply chain on the east coast at $165k, requiring you move out to their HQ.... keep in mind I'm a 2nd year and have no experience in supply chain so definitely would advise you to give it a go.

Feb 9, 2018

Any first-years with stubs get their numbers yet?

Feb 12, 2018

$25

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Feb 14, 2018

Can someone definitively confirm if JPM / Baml are on summer cycle bonuses? I have heard that Baml is paying out end of this month..

Feb 20, 2018

JPM analysts are summer cycle

Feb 18, 2018

Assoc2 mid bucket @ BB: 285k all in

Mar 1, 2018
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