Year End Comp - How does it work?

stev0026's picture
Rank: Gorilla | 625

So I started a new job back in September doing cmbs in NYC as an analyst. Basically wondering how year end bonuses and raises work if you joined firm in the latter half of the year?

I know I wouldn't get a full bonus as opposed to another analyst who has been here for the full year or longer, but could I expect to get a pro-rated bonus? Also, do I have any cards to play in negotiating a raise? I think it's fair to say I am doing a good job at work as I get staffed on a lot of the good deals that come our way and have been supporting originators in every which way possible, so I think I will get a good YE review. I am getting paid fairly, but am confident that other cmbs shops may pay their analysts more than what I currently make ($70-$80k base).

I get it is shop dependent, but I am curious. Also, FWIW, my shop is about 50 employees, operates as a quasi lender/debt fund (bridge, mezz, pref equity, cmbs, agency), and are about to close on our second fund. I am also 2.5 years out of school.

Thanks

Comments (8)

Nov 25, 2019

to be honest, don't expect any. focus on learning because that's 100x more important in the long run.

    • 3
Nov 27, 2019

Apparently only important questions get answered here.

  • Analyst 1 in RE - Comm
Nov 25, 2019

Given the late start, I wouldn't expect too much. If I had to guess, I would say $10K-$20K.

    • 1
Nov 25, 2019

To add on to this, for roles with no bonuses based on production- basically salaried roles in the debt or equity side, on a good year whats a bonus that can be expected? 10% of your bas? I know it can be depend on the shop, but what have you guys heard is being given out there in the market.

Most Helpful
Nov 25, 2019

In my experience, bonuses would be prorated (assuming you are doing a good job)

    • 3
Nov 26, 2019

In my experience in CRE it is generally prorated. I've also had offers which would take my projected year end bonus and bake it into my sign-on for start dates in Q4.

    • 1
Nov 26, 2019

As others have said - prorated bonus.

It's far too early to ask for a raise though. Depending on your company, you might get a small percentage raise along with everyone, but you certainly haven't accomplished enough in 2 months to ask for one.

    • 1
Nov 26, 2019
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