Post-MBA Associates: Bonus Clawback/Cash Questions
I am a current MBA student on the west coast, and I will be interning at a boutique bank this summer in San Francisco. I was hoping to receive some help from everyone, and I thank you all in advance for your help.
I hope this does not anger people, but due to family reasons, I do not see myself working as a Post-MBA banker for more than 1 or 2 years...my parents are aging, my kids are growing, and this is an easy way for me to pay off my degree.
1) The signing bonus received at the end of the summer, is there a minimum clawback / work period for that? I should hit the full-time desk in June of 2021.
2) The year-end stub bonus, and the year-end A1 bonus (after first full year), are there clawbacks on those?
3) Do boutique banks usually do full cash bonuses, or vested stock?
Thank you everyone, I really appreciate it. These factors play into whether or not I want to target tech recruiting in the longer term, and just start off there.
I hope you are all safe.