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Comments (46)

Nov 9, 2007 - 11:05am

i don't know how true that is, but im' sure this year we'll see a lot of ER analysts with much lower bonuses...i mean if bankers aren't raking in business, what good is ER

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Oct 23, 2007 - 1:57pm

I just received an offer letter that was 65 + 10. Minimum bonus is not stipulated in the letter, however, the partner that called me to make the offer specified that the bonus was expected to be "at least 65".

So, I think that maybe the OP isn't really far off, but man, it sure would be nice to have that bonus number is writing.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
Oct 23, 2007 - 2:01pm

That's why the offer seemed so strange to me. It's one thing to hear anecdotally about a year end bonus, but I've never seen a "guaranteed minimum" bonus in writing - seems like the company really leaves itself exposed.

I work for a PE fund and we effectively have a guaranteed bonus floor, but in writing I've never seen anything beyond "assuming strong performance by you and by the fund..."

Oct 23, 2007 - 8:54pm

How is it a performance bonus if it's stated before you perform?

I'd take the offer, sit on my ass for a year (doing enough not to get fired), collect the bonus and move on.

Nov 1, 2007 - 5:58pm

that's pretty solid. we've got 2 guys at my school that got an equity research gig with 100-110 base, sign-on (probably 5-10, not sure which), and then a bonus of 30-50. Sorry for the ballpark figures, but it's definitely somehwere in those ranges. I'd take that large base over the lump-sum bonus Im gonna get at my BB anyday. Pretty sweet for a guy right out of undergrad.

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