Bonuses 2021 - Associates / VPs

What do ppl think they are going to get this year??? Obviously expectations are very high (see recent Bloomberg article). What is the amount you would be happy with / what will you view as not enough to stay?

Comments (100)

Nov 16, 2021 - 3:12pm

It really depends. For example, if you have been with your current firm all year, your bonus should be chunky.

But if you moved over recently to a new firm, they can lowball you IMO.

  • Associate 2 in IB-M&A
Nov 16, 2021 - 9:36pm

won't anyone who lateraled over in this market have a huge guaranteed bonus though? genuinely a question since that was the vibe I keep getting from lateral recruiters

Nov 16, 2021 - 10:10pm

Yeah that's what I have seen too. Most laterals have a guarantee to be in the top X% of the associate class year for their bonus (at least if you were good at negotiating the contract you have that in there)

  • VP in IB - Gen
Nov 17, 2021 - 2:04pm

Yes, I would say they pay roughly 5% below street compared to BBs.  So if standard bonus for mid VP1 at BAML for instance is $260k on $260k base, the firms I mentioned would pay around $485-500  I think this year is unusual so they'd pay maybe 10-15% more bonus than usual (compared to what they pay historically).

  • Associate 1 in IB - Cov
Dec 15, 2021 - 2:03pm

Guessing UBS? I'm at one of these and bonuses haven't been communicated to associates yet but I see you're a VP so maybe it's different. 

  • Associate 1 in IB - Gen
Nov 17, 2021 - 5:23pm

Agreed. You are seeing 2nd yr analysts getting 100-120 bonus. Can't see how you can pay a 1st year associate less than 150. 

  • VP in IB-M&A
Nov 17, 2021 - 5:25pm

EB VP3 expect mid 700s all in, maybe high 700s if the hype about things being up big time this year is real. I don't think starting with an 8 is on the cards

Nov 17, 2021 - 8:45pm

Anyone have assumptions on stub bonuses for 1st year associates?

At my firm (BB) I know that 2019 stub was $40k and 2020 stub was 2020 was $35k.

Based on the recent BBG article and general sentiment, I would estimate stubs will be $50k but curious what others think

  • Associate 2 in IB-M&A
Nov 17, 2021 - 9:28pm

Stubs won't typically move much since retention isn't as big an issue. Would expect it to be back to the $40k mark unless signing bonuses for the incoming associate class has also moved up

  • Analyst 2 in IB - Cov
Nov 18, 2021 - 11:13am

I think it depends on a lot of factors.  Probably top bucket A2A can get that.  Mid bucket MBA associates probably not.  IDK though but just my logic

  • Prospect in RE - Comm
Nov 18, 2021 - 11:26pm

By 300 do you mean 300 in total comp? or 300 in bonus alone?

  • Analyst 1 in IB - Gen
Nov 17, 2021 - 10:52pm

any guess on what GS Aso numbers will be like?

  • Analyst 1 in IB-M&A
Nov 18, 2021 - 10:13pm

Word of mouth says 275-300 for As1 at top Midwest group. Could be way off though.

  • Associate 1 in IB - Cov
Nov 21, 2021 - 11:42am

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  • Analyst 2 in IB - Cov
Nov 22, 2021 - 12:11pm

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