I know this topic has been "beaten to death", but I'm struggling to find decent bonus information for sales and trading roles in particular. I've done some fairly extensive searching but the vast majority of topics cover traditional IB bonuses rather than S&T.
I've gathered that S&T analysts get similar bonuses to IB analysts. How does this work? Are all S&T analysts put in the lowest tier? Or do they typically receive even less than that?
Also, at what point do S&T bonuses begin to vary from IB bonuses? It's my understanding that it's easier to start generating revenue earlier in your career (2nd year +) in sales and trading so I'm assuming that bonuses become performance based sooner. However, I haven't found much evidence to support or deny this assumption.
If I've legitimately failed to find the topic that answers these questions, I apologize and I'd sincerely appreciate a referral!
However, if the info hasn't really been touched on extensively, I'd love to hear from some of you in BB S&T roles about how bonuses are typically awarded and progress from analyst ---> associate ---> VP, etc. etc.
Thanks for your help and clarification!