S&T Bonuses

ranma_22's picture
Rank: Senior Chimp | 25

Alright, the topic on every new analyst's mind: 1st year analyst bonuses in S&T. Considering the large amount of professionals on this forum, we should have a pretty good gauge of what bonuses are expected to be this year, and certainly what they were last year. So:

1) What have you guys heard/know bonuses (range) to be for 1st year analysts in S&T at BB banks?

2) Do bonuses differ between Sales and Trading at the analyst level? By desk?

Comments (33)

Apr 16, 2007

1) no idea
2) no

Apr 16, 2007

Based on past posts, the range last year seemed to be 70-90K. Can anyone confirm or is this way off?

Apr 18, 2007

Yea let's get some confirmation from current analysts. So that would mean 1st year total comp ranges from $140k-160k (60+10+70 or 90)? That is sweet

Apr 18, 2007

A lot of my friends tell me that trading bonuses are less at the analyst level because of the bonuses, but I think trading has a lot more profits to go around. Also, some firms pay analyst bonuses around January or February, since they do not intend for them to leave in two years.

Apr 18, 2007

you guys have no idea how good your have it.... while it lasts at least

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Apr 18, 2007

You get paid a lot of money base, probably more than your friends, taken out to the best restaurants and clubs - for free, your friends probably couldn't get in or afford it - and you'll get a pretty decent wad of cash at the end of the year... I find it a little perplexing that now I can afford food and drink and nice things a lot of them come to me for free now....

Oh bear in mind it's prob costing over a million dollars for u to sit down at the desk, there's a lot invested in you already and a few thousand people to take your place so don't push it too much....

for the record looking for salary again though

Apr 21, 2007

bump

Apr 21, 2007

how does it cost a million for u to sit on the desk? exageration no?

Apr 21, 2007

while there arent direct costs of a million, it has taken years and tens of millions of dollars to bring in and retain clients at each of the banks desks.

Its that spot - that seat - interfacing between the client and the bank that is worth millions in and of itself - put the right person in the role and the bank makes millions, put the wrong person in the role and they lose millions. thats what they mean by it costs a million for u to sit in that seat, and I'd argue it might even be a multiple of that.

Apr 22, 2007

It costs around 500k sterling a year for a trader desk at a big BB. That's what I'm told at least. Bloomberg is what 2k a month? Reuters, various market data applications. The various exchange applications. PHONES!

As far as bonsus's go, in London you get a token bonus because you usually dont contribute much until the second year.

Trading is great because you get the bonus you deserve. No retarded politics involved, they look at your p&l, you get 7 - 9 %

Apr 22, 2007

I hear that Lehman gave first years in S&T between 60 and 75 last year. Anyone care to confirm this?

Apr 26, 2007

Crazy. I know that the i-bankers got 75 last year.. and I always assumed trading analysts would get a little bit less since they work less hours.

Apr 26, 2007

it's not based on hours.

Apr 26, 2007

Why do you guys seem to think bankers are entitled to more money because of hours? It is all about production and productivity. You can pitch all day and work 100 hour weeks, but if you are not closing, you are not producing.

Apr 26, 2007

FWIW, first year's at my bank peaked out at 75 last year in S&T. I believe it was the same for the bankers.

Apr 26, 2007

What is the real range? Do most people get the same bonus and a few get a higher or what? What is the lowest bonus?

Apr 26, 2007

One guy I know got 60 on an equity s&T desk at CS

Apr 26, 2007

someone told me that 40-80k was the range...any confirmation?

Apr 26, 2007

From what I gather the range was 55-75.
I think they pay in 3 buckets; top 20%, middle 60% and bottom 20%. What i read here was confirmed, with $10k buckets (meaning peak was $65k. Average was $55k. etc..)

Apr 26, 2007

bonus paid after a full year there? i start in june.

Apr 26, 2007
Pathus21:

bonus paid after a full year there? i start in june.

Yes, paid out in July.

Apr 26, 2007

I know for a fact some firms pay an analyst stub in December and then follow the same bonus schedule for everyone, since traders do not need to go to business school. I am not sure how many.

Apr 26, 2007

That is wonderful!

Apr 27, 2007

Anyone have any idea what the range is for 1st years in London?

Jun 3, 2007

with the banking bonus numbers out for 07 and at new highs i was wondering if anyone new of 07 analyst numbers for S&T yet

Jun 11, 2007

i don't know if this is any help, but dealbreaker put up this chart.

http://www.dealbreaker.com/2007/05/bonusbumer_upda...

Jun 11, 2007

Is that for real? Do IBD analysts make over 100k in BONUS after their first 12 months on the job? That's more than double what I had assumed could possibly be the max. This certainly won't hurt my motivation to work hard this summer to land a FT offer by the end of it. I'd signed up to IBanking thinking it was much less pay, so this is a decent surprise if this is true. Any confirmation of these numbers?

Jun 15, 2007

yea i didnt no the # were so high as well

Jun 16, 2007

buuuuuuuuump

Jun 27, 2007

I've read on a number of posts that a tader usually gets between 5-10% of his PnL.
However I've seen that on many desks a number of traders are working on a single book,
for eg: say 1 MD, 1Director, 1 AVP and 3 analysts all working together on a single book.
Say if annual PNL is 50m, is 5-10% total money to be distributed among all..or each one gets a
% based on his position. Pleae mention whats ur idea abt compensation of each individual.
Thanks.

Jun 27, 2007

jimbo can add more insight here than I can, since I am in sales, but from my understanding, the 5-10% of PnL is more common on prop desks. I don't think its standard for regular desk traders to get paid in that way, there are a lot of different metrics that go into sales/trader bonuses

Jun 29, 2007
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Jul 1, 2007