Signing Bonuses

Are signing bonuses always apart of the hiring process in banking? Just received and offer at a BB bank and did receive a signing bonuse/ relocation package. It's located in the city. Should I contact HR to see if they can make ammend the package to include a signing bonus so that I could move out of my parents house and closer to work?

 

Not quite understanding your question... but no not all banks give signing bonuses and/or relocation. A MM i was interviewing with was not giving either and I know GS gave out only relocation,. (However, it came to the same total amount as other BBs since they technically included the signing bonus within the relocation amount.)

Assuming you are junior, most likely you wouldn't be able to negotiate on entry bonus/relo... be thankful you have a job and congratulations!

 

Placeat ad quo perspiciatis. Enim eum aut iure voluptate id voluptatibus. Aut omnis nihil nisi voluptas saepe. Dicta voluptas deleniti asperiores officiis ut sit adipisci.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/

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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
bolo up's picture
bolo up
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...”