Impact on bonuses of increased salaries
So it appears that almost every bulge bracket has increased its incoming analysts' salaries to the $80-85k range (from first hand experience with peers going to many different banks). How is/will this be impacting bonuses? Any specifics would be great, thanks!
Especially appreciate anything regarding corporate banking.
Goldman is @ 90
Goldman is @ 90
What? This is news to me - last I heard Goldman was still at 85.
Total comp will rise slightly but not anywhere near the full 20% salary bump. First-years will have a smaller bonus pool relative to previous years.
Source: http://www.wallstreetoasis.com/forums/2015-analyst-salary-bump-megathre…
I have a buddy in corp banking that didn't get the raise, but that's just 1 firm.
You are a college student (at least that is what your profile says), you quote a WSO thread, and are citing a friend of yours who working in a completely different industry. Hmmm.....
Haha the modern day Sherlock Holmes is gracing WSO with his astute observational skills. Keep up the good work.
The only answer is that nobody has any clue until next summer when bonus numbers come out, and moreover, nobody knows what their bonus would have been in a world where salaries hadn't been raised, so you won't be able to say for sure then either.
Sorry, I missed your point about focusing on CB, was thinking IB. I don't have any experience or reference points for CB bonuses.
Associate bonuses were cut slightly due to base increase. Not a full offset though. All in comp increased on average 10%. Pure conjecture but I would expect analyst pay to be similar.
We were told that all-in comp will be neutral for the analysts, just shifting more towards upfront salary and away from discretionary bonus.
where do you work?
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