2018 Bonuses (Low-Tier European Bank)

Mid-tier European Bank decreases cash bonuses by 20-30% for analysts since last year. Some second year analysts got paid the equivalent of the stub first year analysts received last year. For reference, one group had a top-bucket bonus of 60K, with mid being 45K and low being ~30K. In other groups, mid was closer to 55K, with top being closer to 70K. Wanted community to be aware of this in case there are some who are interested in joining a large European bank during these troubling times.

Of course, these are all first world problems, and people will accuse me of receiving a low bonus, but actually was towards high range of this spectrum. Happy recruiting everyone, its open season!

Comments (7)

Mar 3, 2018

Also feel free to comment on what other people are getting across wall street!

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Mar 3, 2018

At my Europeans bank (small US office) bonuses were roughly flat; mine went up but not as much as you'll be expected for the progression, some senior people who had good years actually went down. Not a great retention tool given our revenue went up 35%...

Mar 3, 2018

Yup at my firm, there was essentially an entire class of analysts talking to headhunters at the same time; werent enough conference rooms to go around, it was hilarious. DB analysts looking for new work everyone!

Mar 3, 2018

Hasn't dB as a whole been performing poorly for a while.

Some of it was US regulators. They loved slapping huge fines on them and comparatively in my opinion smaller fines on US banks. Nice competitive advantage since the US market is so dominant in finance and they have to play here.

Array
Mar 3, 2018

American mid-tier investment bank

Associate 1: 130k last year, 80k this year for bonus
Although its still a large check, I feel kind of let down especially since the bank had record profits, revenue and the stock price is higher than it was in '08

I think its because many people feel that interest rates are coming back up and the equity markets are supposed to cool down resulting in less bank fees / cap markets activity

Regardless, it seems like the bonus sentiment is that "its not good but it could be worse"

-

Apr 4, 2018

I am a vp at one of the "good" firms listed above and I can provide some color from looking at different analysts go to the buy-side:

Enron,Barclays, MS
Evercore
Citi, GS, JPM,CS
Rest
Accurate on Barclays and CS- best option for exits, good deal flow etc

Pretty accurate about UBS, DB, TPH, BAML. You could go to few MM PE funds, impossible to go to some MF in NYC so don't even entertain the thought...

On BMO, Wells, and RBC absolutely correct..
the best exit opps from these firms in the last 3 cycles-
BMO: Shell corp dev(lateral hire from Raymond), Small cap PE, MM HF, MBA @ Rice (early decision)
Wells Fargo: small cap energy PE(family business), Exxon corp fin (lateraled from stifel), MBA at UT
RBC: UberEats (even lateraled to intrepid partners first), Training the street instructor, Oracle Sales, Shell marketing, MM credit, GS BO

TPH is pretty decent in the energy space.

I would highly recommend going to Enron......

Apr 4, 2018

1-Click to Unlock All Comments - 100% FREE

Why do I need to be signed in?
WSO is a knowledge-sharing community that depends on everyone being able to pitch in when they know something.
+ Bonus: 6 Free Financial Modeling Lessons with 1-Click Signup ($199 value)