Associate Bonuses - Expecting higher?

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Now that we are getting to that time of year (I know a few banks are giving the word next week). What are Associates expecting this year?

If the stub bonus for first year Associates last year was $45K and people are expecting bonuses for first full year Associates this year to be around the same level what are people expecting the stub bonus to be?

Are people expecting higher than $50 to $70K for 1 year Associate full bonus?

Comments (26)

 
Dec 11, 2008 - 1:40am

im guessing analysts and associates should be looking to have bonuses that are down 60-70% YoY.

this is based on the fact that MS said their operating committee's bonuses will be down 75%...now clearly they aren't going to be down nearly as much for top traders/banking MDs, but...as an analyst and associate you don't bring in any business. that is, you're replaceable at very low cost to the firm.

obviously if you're in a bank thats doing well (boutique) or restructuring or FIG or some other hot group, it could be down a lot less

 
Dec 11, 2008 - 9:44am

Jimbo:
You will get 0-20k. and you will be grateful

D - I - T - T - O spells Ditt-OH.


We're about to enter a Great Depression.
Don't you want a president who's already dressed for it?

------------ I'm making it up as I go along.
 
Dec 11, 2008 - 12:43pm

your bonus is that you get to keep your job for another month.


We're about to enter a Great Depression.
Don't you want a president who's already dressed for it?

------------ I'm making it up as I go along.
 
Dec 14, 2008 - 5:36pm

You guys honestly think stub will be nothing? Is that what has happened in the past (e.g. '02–'03)? [I'm genuinely asking, not being passive aggressive/condescending]

I have mostly heard talk along the lines of what officer farva ("Say RamRod!') wrote, that senior bankers take the biggest hits, whereas junior bankers' bonuses are a bit more secure. Not to say that numbers won't be down, but I'd never, ever heard anyone suggest analyst/associate bonuses would be zero.

 
Dec 14, 2008 - 10:01pm

people on the board keep comparing this to 02-03 or other recent downturns. this is far worse, if you havent noticed 3 major investment banks no longer exist and the independent IB model is now dead. if you get anything this year end you should be thanking your lucky stars, regardless of how many hours you've worked. im in the 0-30k boat.

 
Dec 14, 2008 - 10:57pm

Even if your firm has the capacity to give out a bonus close to what you're expecting, imagine the gravity of the hype the media would create over such a number especially if these banks have taken federal aid. Not giving a bonus should not be an indicator that your firm cannot afford to do so (Even though they probably can't) but more of an indicator that firms are adhering to some sort of a principle.

 
Dec 18, 2008 - 1:07pm

its not 150 for first year associate. that was some dude in PE just making a point. you're talking about comment 142 from last night on that one thread (can't remember the thread or i'd name it)

I don't have any solid numbers yet from my firm or my friends but I can tell you it won't be 150 (atleast I expect it wont)

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