Has anyone heard of sign-on bonuses given with a clause that basically says to be paid sometime within the next 12 months? A friend of mine is changing places and has something like that.
To me this is very strange, b/c I got mine when I started right away.
edit: my other guess is that it's a fuckup by some HR drone
| +3,989 | Bank of America - Juniors Strike to start Monday May 6th | 417 | 3m | |
| +842 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 21h | |
| +592 | This is a dark day for Wall Street. | 46 | 11h | |
| +430 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 47 | 35m | |
| +191 | How to strike without being fired. | 21 | 17h | |
| +184 | Analyst at Bofa FIG-Thoughts | 28 | 23h | |
| +169 | Big Layoff at Barclays - 5/1/24 | 88 | 1d | |
| +165 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 23 | 11h | |
| +150 | BofA List | 37 | 9h | |
| +131 | Reporters, please post your info in this thread for visibility so people can easily reach out. | 4 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Are you sure it's not stating that if he quits within the next month that he has to pay it back? All sign on bonuses I've ever seen or heard of you receive on or before you begin the job with the stipulation that you must stay with the firm for 12 months, otherwise you have to pay it back (pre-tax, so you lose money in the situation).
Yeah, that's what it said, "will be paid by xxx date", it wasn't about paying it back if you leave (that was my first thought as well)
It has actually been sorted out since - turns out it was a mistake after all
sorry I meant "within the next 12 months"
Numquam quaerat id voluptate adipisci ut. Molestias molestias illum qui. Omnis neque qui placeat. Aspernatur earum et in autem. Eum est dolorem voluptas sint.
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...