Signing Bonus on Ft offer

Congrats to those that have received FT offers from internship. Tell us about your signing bonus. How much is bonus? Is there an expiration date? Any other perks?

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Comments (144)

  • Intern in IB-M&A
Aug 7, 2020 - 2:04pm

At Blair we got 0. Understandable because they gave everyone offers, but still kind of sucks

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  • Intern in IB-M&A
Aug 7, 2020 - 3:46pm

I mean, I was counting on summer earnings + signing bonus to cover my tuition and living expenses for the year. In a typical year would make $15k over the summer and another $10k signing, this year they cut us to $7500 and I had to get a fast food job to cover my rent for the school year. So it certainly isn't ideal...

Aug 7, 2020 - 3:53pm

I mean I would've been pissed too if I didn't get a full-time signing bonus (~15k, 8.5ish after tax). You do realize many people actually need that signing bonus money to move-in to their new apartment full-time?? I would have never been able to afford my apartment without my signing bonus. With 2-3 month rent / security deposit up front, furniture costs, travel costs to the city, etc, you need at least 10k minimum in cash up front to sign an apartment.

I'm not sure if you're from a wealth family and your daddy can write you a check whenever you want, but I sure needed the full signing bonus to get me started on my career and I assume the OP needs it too.

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Aug 10, 2020 - 4:28pm

I read all of your comments and I'm not sure why you felt the need to be so aggressive to the op.. he literally said that it "kind of sucks" and you're saying he's crying and whining, what is your deal? It's almost like you intentionally are trying to be angry about something

Edit: and more importantly his comment was literally on a thread asking about the ft sign on bonus. It's not like it was unreasonable to answer the actual OP's question

  • Analyst 3+ in IB - Ind
Dec 2, 2020 - 2:44pm

I'm not sure about this, unless they've changed it this year. Blair never gave sign on bonuses to interns, and they also don't give sign on bonuses for converting an internship / FT analyst position and they also don't give promotion/sign on bonuses for associates. Everyone thinks Blair pays above street but they really don't. My flatmate works there and I've made the same as him every year and I'm at a BB.

  • Analyst 1 in IB - Ind
Aug 7, 2020 - 3:02pm

My signing bonus (BB) was paid a few weeks before my start date. However, because of COVID, I believe my firm sped up the normal payout time. I think it's normally right around the start date.

Aug 25, 2020 - 5:13am
undefined:
10k sign on and 7.5k early acceptance bonus

Boutique but not EB. Could be called MM too


Good shit
"Full speed ahead, damn the torpedoes." -U.S. Navy General Farragut
Aug 7, 2020 - 3:01pm

MBA associate, so not sure if applicable to the analyst set but for MBAs the full signing bonus is broken into 3:

  • 40-50K signing bonus (you get this if you sign before your school-protected deadline, which is usually Sept/Oct for an offer received in August)

  • 5 - 10k Moving stipend (you get this even if you already live in NYC)

  • 10 - 15k early signing bonus
    (generally you have 2 weeks post-offer)

Generally, all in you are talking 50 - 80k pre-tax, with BBs at the low end and EBs at the high end. The other annoying thing is that BBs won't pay out until you start (so if you summered in 2020, you would get it summer 2021) wheras EBs usually pay by same year end (so by December 2020, in this example). That makes a huge difference when you are planning the dozen international trips for your 2nd MBA year (RIP class of 2021).

  • Bonus: there are ALSO diversity scholarships where firms will pay for your 2nd year
  • mega bonus - I know one bank that has had a lot of trouble recruiting women offered something well over 100k to one of their summers.

Array

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  • Prospect in IB - Gen
Aug 7, 2020 - 3:09pm

"I know one bank that has had a lot of trouble recruiting women offered something well over 100k to one of their summers" - Sometimes I wonder if the gender pay gap still exists

  • Prospect in IB-M&A
Aug 7, 2020 - 4:45pm

25k at EVR for returning summer analysts. 15k is a signing bonus and 10k is an early acceptance bonus if you accept within 3 weeks. Offer expires in 4 weeks.

  • Analyst 1 in IB - Gen
Aug 8, 2020 - 10:00pm

Quick question does that early acceptance bonus exist for lateral hires too? Like if you summered elsewhere and then leveraged a return offer from them to get FT offer from another firm? Or in that case is it just the 'signing bonus' (15k in your example) that you receive?

  • Prospect in IB-M&A
Aug 8, 2020 - 10:10pm

That's a great question and unfortunately I don't know the answer. Because in the contract it states the amount is "early signing bonus for returning summer analysts" I would presume that it doesn't apply to laterals. However, it could be that they give laterals the 15k bonus under a different name. Maybe a lateral hire can chime in here

  • Prospect in IB - Ind
Aug 7, 2020 - 11:35pm

Is there an extra early signing component and moving component?

  • Intern in IB-M&A
Aug 7, 2020 - 10:23pm

Bruh what is up with people going anonymous and still not saying bank name? Like you're anonymous, don't need to say "top MM". There's 50+ kids in your SA class so just name the damn bank

Aug 9, 2020 - 10:08am

BB associate: $60K all in ($40K bonus + $10K transition + $10K end of summer bonus/sign-on bonus)

  • 1
  • Analyst 1 in IB - Ind
Aug 15, 2020 - 5:40pm

Never gonna be able to wrap my head around that 50k Centerview bonus at the age of 21, baller as fuck.

  • Prospect in IB - DCM
Aug 15, 2020 - 5:54pm

About ~$35k after tax to my understanding (still nothing to complain about), but they claw back the full $50K prorated portion if you leave before your 3 years

  • Intern in IB - Gen
Aug 20, 2020 - 5:59pm

20k gugg all-in: 5k early sign on + 10k sign on + 5k relocation

  • Intern in IB-M&A
Aug 21, 2020 - 10:15am

top bb return offer for FT - 45k

25k signing bonus (expire same day as FT offer), 10k relocation, 10k early sign on (1 week deadline)

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