FT Associate BB - signing bonus?
Just received a verbal FT associate offer from a mid-low BB for IBD. What is the expected signing bonus? I won't see my package until next week.
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50K
^ Dam, that's nice!
50K? Really...that is kind of insane and much more than I expected. I am quite excited to see my offer. I assume this is the industry standard for the current year.
Yeah it's basically 100K base, 50K sign on and another 7.5K for early signing from summers across the board. Base bumps up to 125K~ in January.
What are the bonuses like for first year associates?
all-in comp? I'm curious because I realized I don't actually know about associate pay specifically, and I'd like to because I'm considering staying in banking long-term. I just know analyst pay, and that you can make $1M+ as a top MD.
^^^^^ Thread is about to turn into sellside vs buyside now.
haha the everlasting debate.
dont forget we have thousands of pieces of compensation data in the WSO Company Database...access is free if you add in your own...
Oh yeah I do have access to that, completely forgot about that- thanks!
Patrick, a suggestion for the salary section of the company database - can we add a column for "Year"? Adds some context to the list of figures someone is seeing and saves a person time from having to click the link for further details - especially for firms like GS which may have hundreds of entries.
Additional suggestion. It would be great if you could search by the industry/group, or have a column for it, since "associate" can apply to so many different groups and areas in the bank, with pretty varying levels of compensation.
ok, will try to get all compensation, interview and review pages to have full width of the site and I will add in Year and Group as new sortable columns
@overandout fyi, hoping to get this done by end of this week.
Thanks for the suggestions guys - I agree now with so many entries, will help save time being able to sort easier.
this is done.
fyi @overandout , @notthehospitalER
In my BB, I was told stub bonus was 35K-40K or something along the line and first full year ranged 30K-120K with 80K~ being average. It's a winner system where top half are treated well and by Year 3 only 20-40% remains. Most of the guys described pay as good, but not great like 06/07.
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