2020 bonuses

IB analyst here at a BB in NY who would rather write this anonymously. I’m a 2nd year analyst, leaving in the early fall as many colleagues. When COVID was starting to crush the markets, people here talked about “keeping your job” as being a good bonus.

I am curious to hear your thoughts if you work in banking, what do you think today about analyst bonuses this late summer / fall? From my experience, my team (myself included) has been absolutely lit up. Obviously a ton going on in the debt markets but team also definitely working on some live M&A deals (I’m on three).

Are you guys still expecting no / small bonuses at BBs that have done plenty of debt deals? Let’s say that your team’s P&L is still very good and the overall bank less good, will your team be punished? I guess I’ll find out in a couple of months but curious to hear your thoughts (our bank / team head has been very quiet on this).

 

I agree in that they’ll be group dependent, but I also think there may be some political sensitivity giving RX teams crazy bonuses while the rest of the firm (and economy for that matter) is shitting the bed. I may be wrong, but it could be a bad look. I’m sure the teams that are still performing during this be compensated decently, I’m just not sure if it will be fairly relative to their output.

 

Qui quo ea qui vitae et odio. Enim magnam dolorem dolorem quisquam ad inventore. Consequatur eum blanditiis asperiores molestiae accusamus. Enim consectetur exercitationem blanditiis error. Molestiae et dolores et repellendus.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”