50% drop in Wall Street bonuses? Yup. Here it is:
http://biz.yahoo.com/rb/080929/business_us_newyor…
Good thing we love our work so much that we'd do it for free...
Trending Content
| +172 | The "Not So Obvious" things that get you a return offer? | 20 | 9h | |
| +105 | Is my life over after not getting GS? | 26 | 1h | |
| +68 | Best IB group on the Street | 30 | 58m | |
| +56 | BIG FOUR ARE PARADISE | 15 | 10h | |
| +49 | Thoughts and tips on how to speak like an investment banker. | 25 | 11h | |
| +48 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 3h | |
| +36 | UBS Outlook | 28 | 1d | |
| +34 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Highest Paid Bankers in Toronto? | 51 | 9h | |
| +26 | Got RBC offer but I have cold feet accepting. | 33 | 1d |
Career Resources
Remember those "industry guys" in the other topic claiming bonuses wouldn't be affected!
Well at least they will have a job.
word.
Remember all those "finally someone who knows what they are talking about" guys in the other thread claiming bonuses wouldnt go down because ROE would remain robust?
Right...
I believe everyone came to the general consensus that bonuses would go down in the short term. Most people were debating whether they would be the same in the long term.
Exactly. In the short term they will definitely go down because of the economy.
No one ever provided a good reason why they will systematically drop (becoming a bank holding company does not count at all--people at JPM, Citi, etc. always got the same comp as those at independent banks).
Beatae expedita vero quibusdam eos tenetur. Autem voluptates et et ut totam quaerat consequatur.
Molestiae at dicta molestiae earum hic ut accusamus officiis. In earum omnis velit quisquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...