S&T Bonuses

1) no idea
2) no

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

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

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.

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

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

bump

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

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.

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 %

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

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.

it's not based on hours.

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.

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.

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?

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

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

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..)

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

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.

That is wonderful!

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

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

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

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

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?

buuuuuuuuump

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.

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