BMO Bonuses Suck
The same bank that let go of 60 bankers a week before bonuses were communicated gave out shitty bonuses across the board.
Time to look at the other Canadian banks. People grinded all year to keep the bank afloat.
Trending Content
| +135 | How to stop feeling like shit for not making it in IB? | 52 | 3h | |
| +101 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 46 | 3h | |
| +66 | Updated LA Banking Scene (2024) | 49 | 4h | |
| +58 | Why Is It Called Investment Banking? | 19 | 16h | |
| +38 | Ranking banks that went under | 19 | 11h | |
| +31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 2d | |
| +31 | A strategy for SA applicants late to the game like myself | 15 | 2s | |
| +30 | Burnt Out M&A ASO | 14 | 42m | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 6h | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 1d |
Career Resources
I can confirm this is true. My bonus was down significantly and many people in my vertical are already looking elsewhere.
Is AS1 base $150k in the US or do they nickel and dime you there as well?
It's $150
Have had recent personal experience in the Chi office and all of the discussion around BMO has been pretty far from my interactions with the firm. Is this mostly pertaining to NY and HOU offices? While I don't doubt the validity of the talks it's just polar opposites with my exp.
Have heard mixed things about the Chi office with respect to bonuses but this was from 1-2 years ago.
delete
I am hearing that Scotiabank's bonus pool was pretty bad for this year as well, which makes sense since they are really big in lending.
Bmo is on the outs- its confirmed. Really fkd what they did to the folks in HOU right before bonuses. Really goes to show you should always negotiate for the higher base and never show these companies any loyalty.
Is negotiating for a higher base salary even possible at most IBs? Seems like base salaries/comp overall is pretty standardized across the industry.
It's rare that's for sure.
What? BMO had a IBD office in US? LOL Nvr heard of them.
Sick, bro.
Better targeting some euro bank with very few us hires next time
delete
That's because you don't know very much in general.
lol well they never heard of you either
I heard first year associates got 60k and base pay held constant at 150.
$30k for stub bonuses for new hire MBA associates in NYC. Have heard bonus pool was cut pretty hard, but looks like I wasn’t impacted as this is the same stub as last year according to alumni.
Voluptatem ut iste magni et. Necessitatibus maxime dolores quo odio necessitatibus aut qui.
Occaecati veritatis nobis omnis voluptas. Sed perferendis unde in voluptas numquam quos quisquam. Et in aut et et quis dolorum rem suscipit. Voluptatem officia et enim facilis aliquid.
Voluptatem est distinctio quibusdam est et nobis quidem. Laboriosam fuga voluptatum ratione.
Libero temporibus veniam itaque enim qui fugiat reiciendis. Quia eum sequi ut praesentium amet. Ipsa quisquam fugit magni atque esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...