Bonus Season - Comps

After a record breaking year, bonus season is upon us.


Wanted to get a thread going to share what banks are paying so we can see which banks are low balling the juniors.

If you guys got your numbers, please disclose in the following fashion:


  • Bank (Specific Bank Disclosure Encouraged)

  • Group (Coverage, Product, etc)

  • Position (Analyst 1, Analyst 2, Associate 1, etc)

  • Rating (Top, Mid, Bottom)

  • Bonus Amount (For BB let us know how much of that is stock)


Look forward to hearing from all of you!

 

As an associate 1 (not stub) at a bad BB last year, mid bucket I got 110k all cash (off my 150k base).  Thought that was sort of low, but whatever, my bank sort of sucks....

thats not unheard of,  some bbs sort of give weak median bonuses compared to the EBs

 

I mean full disclosure, none of my post-analyst roles in S&T have been directly P&L link. I was a FO quant and now do what I would basically refer to as FO quant risk, which is basically a risk management type thing that sits within the business itself, not independent risk. So actual traders' comp I'm sure is probably higher than mine, and there have (or were at least last year) trolls around posting bogus low S&T comp.

There has been a range thrown around recently of 300-500k for VP in S&T, maybe adjust that down 15% since it was such a shit year and you are looking at 255-425? So yeah, I mean I guess 175-225 base + 80-200 bonus. I'm sure very high performers can break this range and I think the low end is pretty uncommon, 255 for a VP would be really bad.

I am tempted to jump to a fund and/or back into a direct risk taking role (might be harder than I think to get but I would at least have a legitimate chance). But on the flip side I work like 8-5:15 M-Th, 8-4 F and have a good amount of autonomy and respect within my team and am concerned that leaving that even for an extra 100-200k might be a stupid decision.

 

MS/Citi Assoc 2, all in 335K. Mid bucket. Hot sector coverage

 

Associate 1 in IB - Gen

Did this few weeks ago on the other thread but let me put again and feel happiness deja vu

Bank: Canadian BB

Rating: Top

Group: P&U / Energy

Location: NYC

Position: Associate 1

Bonus: $225k

So BMO? That's their top group correct? Regardless $200K plus as an Associate 1 sounds insane

 

Associate 1 in IB - Gen

Did this few weeks ago on the other thread but let me put again and feel happiness deja vu

Bank: Canadian BB

Rating: Top

Group: P&U / Energy

Location: NYC

Position: Associate 1

Bonus: $225k

- expand -

So BMO? That's their top group correct? Regardless $200K plus as an Associate 1 sounds insane

Lol it’s RBC. BMO is ass in the US

 

I think banks are looking at the base bumps as justification to lower the bonus %.

So instead of 175 plus 160 (which wouldnt be unheard of for a second year associate at a mid or low bb)

Its 200 plus 135

Total comp is same.   Sucks they are doing that...

 

Totally this. The real figure to focus on is total target comp, not base. Increasing base by 50K to 225 for Y2 assoc doesn't necessarily translate to a 100% bonus on that. Maybe this year at some shops where performance blew every expectation out of the water but assuming 2022 is slightly down or even flat, best case, you can bet the bonus will be paid as a % of total comp rather than as a % of base.

 

Lol agreed if ur at a BB there’s like 500 other people at ur bank almost no chance to guess who the person is. Should just say the name of the bank and maybe ballpark

 

Hey dude - any idea what bonus ranges AN1/2 at JEF can expect going forward in non NYC groups (HOU/SF), factoring in the base increase?

 

Honestly seems a little low. Was it around what you were expecting?

 

I’m ok with it. A little low, but hard to complain with 575k for a relatively easy year for me. I have great juniors who do the heavy lifting. I have lots of nice perks at work as well.

Also, you’ll find the longer you work in the real world, you start to understand some of the comp numbers here are not always realistic. Whether people exaggerate or just straight up lie, I’m not sure.

Thief is the comparison of joy. Also the fact my wife makes more than me takes away some the sting of a “relatively” low bonus lol.

 

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