Bonus Rumor Thread

The big question on everyone's mind: As a % of salary, will bonuses decrease, increase, or stay the same at the banks that just recently announced salary increases.

Historically, bonuses have ranged from ~50% (bottom bucket, weak bank, weak group) to ~100% (top bucket, strong bank, strong group) of base salary at BB and MM firms. That would mean $150K - $200K total comp for banks that just raised to $100K for first years.

As people hear, feel free to leave here. Consider it an archive to look back on after official bonuses are given out - and a way to hold the Big Man accountable.

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Comments (13)

Jul 10, 2021 - 12:17pm

Yeah interested about this as well. I feel unless the banks specifically stated the all-in will be effectively the same, it's probably reasonable to assume that the gross bonus will be similar to previous years. But tough to say for sure. 

Array
  • Intern in IB - Cov
Jul 10, 2021 - 1:48pm

wouldn't make sense for all-in numbers to say the same if these salary bumps are supposed to attract and retain talent. People are gonna figure it out as soon as bonus hits next year...

  • Associate 1 in IB - Cov
Jul 10, 2021 - 3:09pm

True but that's next years problem. The banks needed to respond to the GS13 and this move was genius. I hope total comp goes higher but I wouldn't be shocked if bonuses come in low. 
 

from looking at old threads it looks like total comp hasn't moved much in the past 10 years. Only salaries increased. 

  • Business School in IB - Gen
Jul 10, 2021 - 3:20pm

I think maybe the reason they'll justify shortchanging the bonus is bcuz now you'll have a greater % of your total comp guaranteed whereas a lower base + higher bonus is higher risk & therefore less desireable

  • Incoming Analyst in IB - Cov
Jul 12, 2021 - 5:10pm

Not to mention all of the new hires that most large banks seem to be trying to put in place as a result of turnover; read: JPM IBD co-head saying the only way to fix burnout is by massively hiring more analysts.

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  • Analyst 1 in IB - Cov
Jul 14, 2021 - 6:50pm

AN1 finishing first year at an industry boutique (Greentech, Liontree, etc) that bumped base to ~100k (being non-specific to maintain anonymity), been told firm is looking keep bonus % range the same (70% - 110%).

  • Analyst 2 in IB-M&A
Jul 15, 2021 - 4:10pm

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