2020 Bonus Szn

Well kings and queens, how well did we make out with our bonuses this year (less not being fired)? Title and Bonus % of Base would be appreciated. 

Mod Note: See a related post: "Bonus Spending Szn"

Comments (400)

 
  • Business School in IB - Gen
Dec 26, 2020 - 5:32pm

I think it might be more helpful to add what type of bank you're at as well (BB, EB, MM, etc.).

 
  • Analyst 2 in IB - Gen
Dec 26, 2020 - 10:09pm

Couldn't be bc centerview pays first year analysts 95k base and he said he got 90k base as a second year. By that logic it can't be evercore, pjt or really any of the other EBs that start their first year analysts at 90k+ base. Not really sure who it could be?

 
  • Analyst 2 in IB - Gen
Dec 27, 2020 - 12:16am

Yeah lmao but this man got a 150k bonus to put him at 240k all in -- see his comment below. Something Something UBS joke. 

 
Dec 27, 2020 - 7:14pm

That's a fantastic question and something that is very often ignored here. I work at a BB but in BO and my bonus is great but still small compared to some numbers here. However, my base is higher and salary is always taxed less than bonus. In addition, I am outside of the tri-state area so my tax situation is pretty favorable. I see about 70% of my bonus (rough numbers), I'm guessing that for most of these tri-state folks, they see about 60-65% of their bonus??? Maybe less?

EDIT: I should add that I usually just auto-dump my bonus into my 401k every year and that helps the overall tax picture, even if it's just a little bit. 

 
  • Analyst 2 in IB - Restr
Dec 28, 2020 - 3:55pm

AN = Analyst (usually out of undergrad)

ASO = Associate (MBA or direct promote from Analyst)

Right on the number = number of years in that position

 
  • Analyst 2 in IB - Gen
Dec 26, 2020 - 10:11pm

If you don't mind me asking, what kind of firm is it? BB / EB / MM / Mini Boutique? Or are you just in a product group like Rx that had a great year? 240 all in as a second year analyst is crazy -- congrats! 

 
  • Analyst 2 in IB - Gen
Dec 27, 2020 - 12:37pm

Thanks! Yes - this is CVP. To answer the above thread, CVP pays a lower base (esp. at higher levels) relative to other EBs but bonuses are multiples above base and it all works out to significantly more all-in total compensation than any other bank (and PE firms for that matter)

 
  • Intern in IB-M&A
Dec 26, 2020 - 11:36pm

If you share the firm name I'll make 20 burner accounts and SB you

 
  • Analyst 1 in IB - Ind
Dec 26, 2020 - 8:21pm

My friend there said it's been pretty dead just a ton of pitching. What's a typical bonus for 2nd years there? WSO says 70k which seems like the top end of BBs

 
  • Analyst 1 in IB - Gen
Dec 26, 2020 - 9:45pm

What are you expecting as your Street value?

 
  • Analyst 1 in IB - Gen
Dec 26, 2020 - 8:53pm

Serious question, but does anyone have any idea for 2nd year IB at DB? My team had had solid deals throughout 2020, and I know everyone rips on DB for paying less, but I am trying to get an idea of what to expect.

 
Dec 29, 2020 - 4:43pm

Whatever you would consider low, minus about 15%. Mid-bucket Associate 2's got like $50k last year. 

Array
 
  • Incoming Analyst in IB-M&A
Dec 26, 2020 - 9:57pm

if BB street bonuses are about 40-65 bonus for 1st years, how much of an increase do 2nd year analysts typically expect to see on that?

 
  • Intern in IB - Gen
Dec 27, 2020 - 1:03pm

BB bonuses for first years are more like 45-80

 
  • Associate 1 in IB - Ind
Dec 27, 2020 - 4:52am

I'm at a tiny start-up boutique. The year I joined, we had about $2m in revenue, so management wasn't really in a position to pay great salaries.

We're looking to do >$25m in revenue this year with a very small team (~5), so bonuses are pretty thicc if you include the stock comp (and to explain this further, we sometimes take a portion of our fees in equity, so I am distributed a part of that equity as a bonus in lieu of cash). 

 
  • Analyst 1 in IB - Ind
Dec 27, 2020 - 4:24pm

What about stubs? Was told around 25-30 by second years with no ranking but not sure if this is in line with street

 
Dec 27, 2020 - 4:33pm

Serious question - As an analyst, do BBs typically disclose to you expected bonus amount on your offer letter? Or is this something you come to learn when you have your bonus/eoy performance review meeting?

"Whatever needs to happen, always does." - Black Jack Foley
 
  • Analyst 1 in IB - Ind
Dec 27, 2020 - 5:02pm

I think some HFs will give you a minimum bonus number for year 1 but BBs won't. It's generally standard tho since you don't have revenue next to your name, just rank and how people view you 

 
Dec 27, 2020 - 5:06pm

That makes a lot of sense - thanks

"Whatever needs to happen, always does." - Black Jack Foley
 
  • Analyst 1 in IB - Ind
Dec 28, 2020 - 11:13am

Wow this has been one of the longest threads with the least amount of useful information since the last ranking thread. Good job everyone 

 
Dec 28, 2020 - 3:50pm

AN2: 90 Base / 70 Bonus. Less than our buddy above at CVP but I am definitely happy.

Dayman?
  • 3
 
Dec 28, 2020 - 6:03pm

A1 @ BB in Australia: A$125k base / A$21k bonus*

*Bonus was a stub for Feb to June and is unranked (all A1 get the same). Bonus is paid in July for A1-3. A2 bonuses (full year to June) were A$80-100k.

Would appreciate any thoughts on how this compares both internationally and domestically.

 
  • Associate 1 in PE - LBOs
Dec 31, 2020 - 12:57am
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