"Because of the tremendous decline in investment banking revenues over the past few years, bonuses have plummeted. Indeed, investment banks have cut bonuses by as much as 60 percent over the last several years.
* Undergraduates: $45,000 to $55,000 at bulge-bracket firms, plus an annual bonus contingent on market success; in the late 1990s boom, year-end bonuses for undergrads would usually fall between $10,000 and $20,000, but are much smaller these days"
Is WetFeet way off, or am i missing something here? I found this through a link from my university's career website.
that's an excellent post for wanna be monkeys...good times won't last forever...
that is WRONG.
DURING the late 90s boom, bonuses at the BBs were MUCH higher than 10-20k. that is a laughable figure. and nowadays, they're almost as high as they were during the boom.
and 45k base at a bulge bracket firm? nonsense.
What is the publication date of what you are reading?
Which "past few years" are they talking about?
i had the exact same thing on my university's career website link.
Either that is incorrect or I'm grossly overpaid!
I mean just check the comp database on this website
The 2006 WetFeet Guide to Careers in Investment Banking lists $55,000 as average for FT undergrad hires plus $10K signing bonus. They say this is the result of surveys of the class of 2005. That was two classes ago.
You are viewing outdated material. Check the publication date. Tell your school to get the current version.
I am one of the founders of a new company called CareerNumbers. We have posted updated salary and bonus information by firm for 1st and 2nd year Investment Banking Analysts and 1st year Sales and Trading Analysts. These numbers are much more accurate than the numbers Wetfeet provides.
To view the results, go to www.CareerNumbers.com, click the survey link, answer 7 questions, and you will be directed to the results. If you have already completed the survey, click the same survey link and you will bypass the survey.
Also, please send this link to your friends because the more survey results we get, the more information we can provide. Thanks.
I am one of the founders of a new company called CareerNumbers. We have posted updated salary and bonus information by firm for 1st and 2nd year Investment Banking Analysts and 1st year Sales and Trading Analysts. These numbers are much more accurate than the numbers Wetfeet provides.
To view the results, go to www.CareerNumbers.com, click the survey link, answer 7 questions, and you will be directed to the results. If you have already completed the survey, click the same survey link and you will bypass the survey.
Also, please send this link to your friends because the more survey results we get, the more information we can provide. Thanks.
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