2021 Bonus Megathread

Well boys and girls,It's that time of the year again.Let's hear the blood money your banks paid for the sweatiest year on record.Pls mention [Bank/Position (An1/An2/etc) / Base / All-in]And congrats on making it through the year. We all deserve it.

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  • Analyst 1 in IB - Cov
Jul 8, 2021 - 2:20pm

Definitely false for IB. I'm at Citi too and bonus figures have not been announced yet for any analysts.

Increase in base won't hit the bank till August either. 

  • Analyst 1 in IB-M&A
Jul 9, 2021 - 8:57am

Can anyone comment on recent laterals bonus expectations? How many weeks / months do you have to join before getting anything (even pro-rata)?

I'm sure it's bank dependent but would love some context on precedents, especially at BB. Thanks.

  • Analyst 1 in IB - Cov
Jul 9, 2021 - 9:49am

It depends on what type of lateral move you're making. If you go BB -> BB (or similar, eg Jeff -> BB or Wells -> BB), then your new firm will typically pay you a full-year bonus even if you joined 6-10 months in to make up for the fact that you worked for 6-10 months at your old firm and didn't get a bonus.

If you're moving from a Big 4 or something they'll try to get away with paying you a stub, like 20-30k

  • Analyst 1 in IB-M&A
Jul 26, 2021 - 8:38pm

Whatever you negotiated when you moved. This is why it is super important to get as much as you can in signing if you leave before bonus

Usually by default the contracts are written from "effective date" so if you moved in Feb and they pay in Aug then you should get Feb - Aug pro-rata. Some people negotiated for it all though etc. It just depends

  • Analyst 2 in IB - Cov
Jul 12, 2021 - 9:33pm

^ not including 10k signing bonus or 5k relocation bonus - I don't feel like those should really be included but if you do, those are the numbers to add

  • Intern in IB - Cov
Jul 14, 2021 - 11:59am

I'm a current summer analyst at Barclays. When did you receive the 10k signing bonus? Trying to build a budget for my senior year.

  • VP in IB - Gen
Jul 13, 2021 - 4:08pm

that seems in line with a normal year, not a record-breaking year.....

  • Intern in IB - Cov
Jul 24, 2021 - 11:45am

Are bonuses relative similar across coverage? Do you know if product group bonuses are different?

  • Analyst 1 in IB-M&A
Jul 26, 2021 - 3:22am

This seems like it may be the mid bucket of 2020. BMO was exactly the same

Mid: 65K bonus, bump from $85K to $105K (AN1 is now $100K) and then signing bonus etc. (was $7.5K in 2019)

Top: $80/85

An2 bonuses were ~$110 and then promotion bonus (like $40K - still nothing compared to even post-MBA signing bonuses at EBs etc.)

  • Analyst 2 in IB - Cov
Jul 13, 2021 - 3:45pm

that's because most banks communicate comp til of of the month guy

  • Analyst 1 in IB - Cov
Jul 15, 2021 - 4:16pm

Boutique (not EB)

AN1 / $85k / $110k / $195k / $215k incl. signing bonus 

Base was recently bumped to $100k ($110k for AN2), effective post-July 4th.  

  • Business School in IB - Gen
Jul 15, 2021 - 5:19pm

Can you give some insight as to where this is at? Like your bank + it's comparables to stay anon

  • Intern in IB - Cov
Jul 23, 2021 - 1:40am

When does the sign-on bonus hit your account? Is it right after you sign or is it paid when you start?

  • Analyst 2 in IB - Cov
Jul 18, 2021 - 10:13pm

Anyone know when BB bonuses get paid out? (as in seeing the #s in your bank account) Planning to dip right after the bonus hits...

Jul 22, 2021 - 8:49pm

Are u middle bucket?

"Whatever needs to happen, always does." - Black Jack Foley
  • Analyst 2 in IB - CB
Jul 23, 2021 - 4:37pm

2nd year analyst Corporate Banking: 100 base, 70k bonus 

  • Business School in IB - Cov
Jul 30, 2021 - 3:30pm

Can you give example of what type of 'lower tier' bank it is? By lower tier do you mean low BB or like an unknown MM? Btw that comp is solid bro

  • Analyst 2 in IB-M&A
Jul 30, 2021 - 11:44am

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Jul 30, 2021 - 2:07pm

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