Can anyone here confirm this? Dealbreaker is reportinganalysts, upon learning that their bonuses were far "below street" walked out in anger.
Morgan Stanley announced bonuses today. Associates on upward are satisfied. Analysts are universally furious, with total compensation in some cases being $20k below street. For 2nd years making $90k base, buckets were as follows:
$58k (less than one per group)
$48k (very few)
$43k (average, probably 70%+ of analysts)
$10-15k (obvious worst performers)
Considering that street seems to be $60k bonus for middle bucket (up to $75k for top) analysts are all very upset and there were reports that several walked out immediately after getting their numbers.
Gotta love 22 year olds getting pissed off about making $130,000 a year.