No bonus mentioned?

Hi guys,

Just recently got an offer for investment banking at a regional boutique. While it certainly isn't what I had in mind when I first started networking, after everything I've gone through in my job search, I'm certainly happy to have an offer. :)

Question though, I know this isn't a BB or even a reputable boutique where end of the year bonuses equal to 60-100% of your salary is expected. However, in my offer letter, it mentions nothing about possible end of the year bonus at all. Thus, should I not expect even a 5% bonus or anything like that? Would they have mentioned it if they were planning on giving end of the year bonuses? I only ask because the base salary is relatively low, but in either case still happy to have something in this environment!

 

Yeah, hopefully I get good experience, I just curious if anyone else who works at a boutique could shed some light on this. Thanks

How would you phrase this if you just wanted to inquire whether they even had an end of the year bonus? This is a no name boutique, just outside NYC, I have no clue whether they pay bonuses. Is it even appropriate to ask?

 

The impression I have gotten at my boutique is that bonuses will be paid out whenever deals are closed (as soon as I am fully licensed).

I think it is fine to ask, as long as you don't come off like a douche.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Not boutiques. But bro, you are entering the job market. These types of questions are normal and should be asked. You need to know what they are offering you in terms of salary/benefits/relocation/likely bonuses/etc. No one is going to get mad that you want to know what you are likely to make. You're in the job market now, this is how things are done, it's not a big deal. Really, its not, stop psyching yourself up about it.

 

Would it better to ask the person in charge of recruiting or an analyst who emailed me after I got the offer asking to answer any questions. Baring in mind, I have no personal connection this analyst besides the fact that I interviewed with him and he seemed like a nice guy and no sure if this type of question would be appropriate. Anyone have advice on how to phrase it?Although, again I am wary as coming across as ungrateful or disinterested in the offer.....

 

A illum labore numquam. Aut quia qui sunt veniam. Quo necessitatibus sunt quo excepturi nihil expedita ea et. Natus facilis earum molestiae quo sit maxime modi ullam.

Aut pariatur est consectetur placeat odio. Beatae excepturi nemo provident velit ullam voluptas. Numquam optio sit dolorem deleniti aliquid.

Qui inventore porro nesciunt hic aut architecto corporis. Non atque est facilis. Reiciendis voluptatem saepe deleniti id sit et delectus et. Et et minima et ut ea voluptas. Consequatur itaque qui ullam perferendis tempora amet voluptas eos.

Similique eum earum enim neque ipsam. Ut cupiditate omnis praesentium.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”