Just got my non-IB "bonus."

SymphonyBanker's picture
Rank: Baboon | 127

So, I've been working in an accounting function at a real estate firm for three months. My salary is 35K out of college. This has always been a stepping stone job, but after networking/applying to IB gigs for a year, I started to lose drive.

Well, I just got my "bonus." Granted, I'm fully aware I've only been here for 3 months so I'm surprised I'm getting a bonus at all, but I'm either being extremely ungrateful, or this is a joke.

My bonus? $250.

I have an interview with a boutique next week (finally!) and you can be sure I'll be studying my butt off.

Comments (43)

Dec 26, 2012

Good luck in the interview! :)

Dec 26, 2012

Good Luck and some bonus is better than no bonus

Dec 27, 2012

Agree........1st year out of college, this is a learning & stepping stone job.
How many have been laid-off on the Street this year?
Save half & have a little fun with the balance

Dec 26, 2012

Some job in a related field is better than no job in a related field.

Dec 26, 2012
DonVon:

Some job in a related field is better than no job in a related field.

Yes. Now I can actually afford to buy an interview guide :) But I'm definitely going to spin an accounting experience in the interview.

Dec 26, 2012

if it makes you feel any better, all the top 4 accounting firms offer almost a similar bonus to their top ranked employees. (KPMG, PWC, EnY, Deloitte). This is strictly for audit.
Source: My best friends work there.

Dec 26, 2012

$250 as a bonus for Big 4 audit, what!!! Thats horrible, I would expect them to get at least $1000.

Dec 26, 2012
LBObuyout:

if it makes you feel any better, all the top 4 accounting firms offer almost a similar bonus to their top ranked employees. (KPMG, PWC, EnY, Deloitte). This is strictly for audit.
Source: My best friends work there.

In the UK we get zero bonus at Christmas at Big 4.

Dec 26, 2012

As a broke college student, I could use $250!

Dec 26, 2012
jt183:

As a broke college student, I could use $250!

I definitely remember being in your shoes last year. Being an RA and working a part-time job on campus helped me get by a little. Hang in there! Hopefully the job market is better by the time you graduate.

Dec 26, 2012

apologies it was 250 pounds after tax.

Dec 26, 2012

Don't forget the taxes

Dec 26, 2012

Thats still only $400 after tax, and pre tax thats about $600.

Dec 26, 2012

don't sweat it man most accounting roles don't pay bonuses. good luck on your interview

Dec 26, 2012

I wasn't referring to bonuses at Christmas. I am referring to year-end bonuses.

Dec 26, 2012

Good luck bru

Dec 26, 2012

People at Wal Mart get a larger bonus than that, every quarter.

Dec 27, 2012

Look on the bright side: you can buy 4 suits at Jos. A Bank with that bonus.

I keed. Kill your interview and laugh your way to the bank.

Dec 27, 2012

Good luck brah

Dec 27, 2012

Bitching about a bonus you didn't expect seems absolutely silly to me.

Dec 27, 2012

Bro RE firms are mad shady, everywhere.

Dec 27, 2012

Not really sure what you expected for a bonus making 35k a year. You got more of a bonus than 99% of people that make that much.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Dec 27, 2012

I'm not sure why you'd expect more than that. Most jobs don't give "bonuses" at all. Feel grateful that you got a couple of days pay for nothing.

Dec 27, 2012

My first year bonus at my first job (IBM) was $160

Dec 27, 2012
mdk6c:

My first year bonus at my first job (IBM) was $160

Yup, most jobs at entry level pay little to no year end bonuses. That 500 bucks is pretty good for a 35k no name accounting job.

Dec 27, 2012

With 35K salary I hope you were not expecting bonus 90% of your base. But I think the reason you're disappointed is because you've been on WSO too much and hearing about all of those $10K+ bonuses made you think you were going to get one.

Get the vault guide and good luck on your interview.

Jan 2, 2013
Falcon:

With 35K salary I hope you were not expecting bonus 90% of your base. But I think the reason you're disappointed is because you've been on WSO too much and hearing about all of those $10K+ bonuses made you think you were going to get one.

Get the vault guide and good luck on your interview.

Absolutely agreed - see my comment above. Was definitely NOT expecting a 90% bonus, or any bonus for that matter. Just puts things in perspective, is all.

Dec 27, 2012

^^^I think WSO has spoiled most people. A good amount of my college buddies thought they could land six figure jobs out of undergrad because of WSO. Most of them are now working at Big 4 and making $50k.

Dec 27, 2012
TeddyTheBear:

^^^I think WSO has spoiled most people. A good amount of my college buddies thought they could land six figure jobs out of undergrad because of WSO. Most of them are now working at Big 4 and making $50k.

Exactly. I have seen this multiple times. I'm beginning to wonder if WSO/Vault.com/etc have completely deluded an entire generation of kids to think they would all be millionaires, and movie gods, and rock stars. But they won't. And they're slowly learning that fact. And they're very, very pissed off.

Dec 27, 2012
prospie:
TeddyTheBear:

^^^I think WSO has spoiled most people. A good amount of my college buddies thought they could land six figure jobs out of undergrad because of WSO. Most of them are now working at Big 4 and making $50k.

Exactly. I have seen this multiple times. I'm beginning to wonder if WSO/Vault.com/etc have completely deluded an entire generation of kids to think they would all be millionaires, and movie gods, and rock stars. But they won't. And they're slowly learning that fact. And they're very, very pissed off.

A wise man once said, "Snap back to reality, Oh there goes gravity"

Dec 27, 2012

That is horrible.

Dec 27, 2012

I used to work at one of the big 4s. We rarely received bonuses and if we did, it was closer to $1,000 for the year. They work you like a dog and pay you less than that. Great experience and a great stepping stone, but that's not where the money is.

Dec 27, 2012

A buddy of mine got a 10 dollar subway gift card this year, so stfu.

Dec 27, 2012
Nefarious-:

A buddy of mine got a 10 dollar subway gift card this year, so stfu.

Ouch! Did he also happen to work at Subway? That sucks.

Dec 27, 2012
Ben Shalom Bernanke:
Nefarious-:

A buddy of mine got a 10 dollar subway gift card this year, so stfu.

Ouch! Did he also happen to work at Subway? That sucks.

Nope - pretty shitty if you ask me.

His boss makes over 200k and is getting a 50k bonus for the year as well.

Dec 27, 2012

Had an almost identical situation my first job out of school too. Corporate finance/accounting role with a small company, mid-$30k base, the thought of a bonus didn't even cross my mind until the CEO dropped an envelope at my desk in December and said "happy holidays". It was $500, and to me a really nice gesture. I agreed to get paid a mid-$30k salary out of school and that was exactly what I was expecting, the $500 was an unexpected, you guessed it, bonus.

Now I'm in banking, I'm thankful for that job as it provided the stepping stone I needed, and while the $500 bonus pales in comparison to what I expect these days, it wasn't the same compensation culture as banking (most professions are not), where I was told $Xk base, plus a discretionary bonus. A bonus is something I expect now, and if I don't get anything/enough I'm p.o-ed.

Dec 27, 2012

A $10 subway gift card can't even get you 2 $5 footlongs because of taxes. The least he could have done he could have given him $12 gift card.

Dec 27, 2012

Some firms prorate their bonuses according to the time you were there. Since you've only been at the company for three months, $250 works out to $1,000 for a full year, which isn't bad for an entry-level $35K accounting gig.

One louder.

Dec 27, 2012
SymphonyBanker:

So, I've been working in an accounting function at a real estate firm for three months. My salary is 35K out of college. This has always been a stepping stone job, but after networking/applying to IB gigs for a year, I started to lose drive.

Well, I just got my "bonus." Granted, I'm fully aware I've only been here for 3 months so I'm surprised I'm getting a bonus at all, but I'm either being extremely ungrateful, or this is a joke.

My bonus? $250.

I have an interview with a boutique next week (finally!) and you can be sure I'll be studying my butt off.

Ouch! Sorry to hear that OP.

Literally scrolled several posts in thinking: "why the fuck are they trying to convince this kid to do the boutique interview when he's getting a quarter mil. bonus!?" I couldn't comprehend a $250 bonus, so I assumed it was $250k without second-guessing it. Shit.

Good luck on the interview, hope this bullshit helps light a fire in your belly.

Jan 2, 2013
Nouveau Richie:
SymphonyBanker:

So, I've been working in an accounting function at a real estate firm for three months. My salary is 35K out of college. This has always been a stepping stone job, but after networking/applying to IB gigs for a year, I started to lose drive.

Well, I just got my "bonus." Granted, I'm fully aware I've only been here for 3 months so I'm surprised I'm getting a bonus at all, but I'm either being extremely ungrateful, or this is a joke.

My bonus? $250.

I have an interview with a boutique next week (finally!) and you can be sure I'll be studying my butt off.

Ouch! Sorry to hear that OP.

Literally scrolled several posts in thinking: "why the fuck are they trying to convince this kid to do the boutique interview when he's getting a quarter mil. bonus!?" I couldn't comprehend a $250 bonus, so I assumed it was $250k without second-guessing it. Shit.

Good luck on the interview, hope this bullshit helps light a fire in your belly.

Want you to know that this comment absolutely made my day. $250K bonus? I hope there comes a day I can bitch about that.

To others - I think you're completely right about being spoiled. I shouldn't (and am not) really bitching about getting some free money. Like I said, I'm surprised I'm getting a bonus at all, and this is a stepping-stone job. I was by no means expecting a $50K check :) My point is that getting a $250 bonus is motivational when a few of you are getting 100-200X that amount, and I have an interview coming up. Inspires me to work that much harder.

Happy new year!

Dec 27, 2012
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Dec 28, 2012
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Dec 30, 2012
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