It's close to the end of the year and you know what that means. Another bonus season is soon to be upon us.
Obviously headlines have not been encouraging recently, but would like to get some chatter going about what expectations are.
Let me get the ball rolling:
BB AN2 (will be AN3 after this bonus round)
Base $125k
Expected bonus $90k
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Comments ( 83 )
what do you trade/sell?
Base: $115k
Expected bonus: $80-140k (great year for my desk)
Without knowing anything else about you, going to take the under on you getting $215k total comp as an analyst in S&T.
Array
Haha I just threw 140k out of my ass while I drunkenly wrote that. But this year has been phenomenal for my desk so I do expect an outlier number.
Then I'm guessing you're not at a bank cause we've been hearing the banking CEOs talk it down for weeks now
p sure they were replying to the op, not you
US banks won't pay in line with revenues this year except for top outliers that have leverage/offers/known to be in a team targeted by competition.
CEOs have decided they needed to cut comp due to economic outlook, IBD being a clusterfuck this year, and some potential other dead bodies we still don't know about (whatsapp/regulatory fines ? Elon musk tesla margin loans going belly up ? other ?)
To give an idea, i am hearing that the best department at my place (Commods) is up 70-80% Yoy but the pool is flat.
I get why they are doing this but this is so fucked up.
Equity Sales A1 @ MM bank in NY
Bonus 10k , base 80k (no raise in base). Not sure if this is an outlier or if anyone else is seeing the same?
Is that a stub bonus and did most people on your team get lower bonuses?
Whatttt? Pls tell me it's not one of the Canadian banks :(
Any word from citi ?
AO1, Top BB , FICC Sales - Base 150K and Bonus 75K (all cash).
Base increase to 170K. I don't know how bad or good this is.
Seems pretty solid. How are your hours?
60 hours but extremely high levels of stress.
Pretty standard for where you are
Top BB , AS3, 10k. (yea, that's right. I did not miss a 0)The rationale is our base was bumped up last year. What a joke.
what desk
almost same here at MM ...what a joke
AO1 -> AO2. Top BB FICC Trading. Base unchanged at 150k, bonus of 35k (vs 75k prior year). Disappointed is an understatement.
AS2, BB , 35k.
Heard that most AS2 got 30-40k across both ficc and eq
ASC1, BB , credit desk analyst,
150 base & 30k cash bonus. Base raised to 175k
Bonus last year was 55k so disappointed
AN2 now AN3, top BB (Europe)
base 85k, bonus 35k
Aso 1 - aso2 bb ficc
130k bonus, base raised to 175k.
Did you have competing offers? Bonus is about 100k higher than others in this thread, wondering how your situation was different?
BB In-business risk group
SVP
200 base, 170 bonus (20% deferred), 210 new base
Citi ficc vp1
My tram sucks. base unchanged, bonus below 100k. Will leave soon
Heard a few vp-d on other desks made very good money
how'd equity derivs do?
What is your base?
D1, Exotics top BB
Slightly more than 1m total vs 800 last year.
(around 350 fixed 650 bonus - 350/300 cash/deferred stock)
Had competing offer + desk is up significantly vs last year…
And they tested the waters trying to not honour the deal but did in the end.
This year is a bit garbage, unless you were top tier desk and/or competing offer you got hosed.
Plenty of zeros or big double digit cuts. Lucky to have timed the offer.
Almost thinking to bounce elsewhere this year as that created a bit of tension.
Hi, just for clarity you had an offer to join a new firm and told your firm which might have played a factor in a better bonus? I had a pretty poor bonus and was thinking of applying around.
I had an offer and resigned and they convinced me to stay, they had to commit to something. It's a different process from just "telling them".
Top bucket in higher MM FICC- AO3, 175k base, 175k bonus. Elevated to VP1
Sales or trading?
Structuring
What is your new base as VP1?
FYI quite a few people at different banks have received around 100% of base (An/As). Will caveat that by mentioning they are all top bucket. Not sure how it came about that people at the same juniority in the same division are having widely varied comp assuming the people receiving <40k aren't very bottom bucket.
An2 --> An3 at US BB , Credit Structuring (ignore IB tag), desk up ~100% on last year
$125k base, $70k bonus
Was rated top bucket
Junior Trader at Crypto MM .
150K Base
15K Bonus (New Grad Stub)
What do you do day-to-day at a crypto MM?
Anyone have any color on BofA bonuses? Sales macro associate (yr 0) working for a top competitor ( wf , jpm , citi)
congrats on wf
How is wf a competitor to jpm bofa citi?
What is the bonus based on? I thought analysts don't put on trades ?
They don't. Bonus depends on their performance such as the work they do and how much they contribute to the success of the book and broader team. Other factors: desk performance, bank performance, risk and ethics performance (it's 2023), etc.
S&T analyst bonus works basically the same as IB . There are buckets, you'll be ranked based on performance (and political capital of your manager and the usual BS like that). The pool will be based on bank/S&T wide performance and not too much on specific desk.
(Note, this applies to formal analyst programs, if you are on your desk's actual P&L it might be different)
Top bucket in FICC trading - AO2 -> AO3, elevated to 175k base, 220k bonus. Appreciated it.
What product do you trade within FICC
rates/fx related
Jj
AN2 at MM bank, FICC sales, base 115 -> 125k bonus 80k.
Junior Power Trader (AN1)
Prop shop
Base: 150k
Bonus: 350k
Pretty happy, but good year for the firm.
Willing to PM firm?
would you mind PM firm?
Hey Electricity trader as well. Mind a PM?
Associate 2 - MM Bank
Base $150K
Bonus $100K
Bump
VP2 in FICC Financing at a European BB:
Base of $180K + Bonus of $191K for a total of $371K in 2022
Base raised to $210K for 2023 as a VP3
Could you go into more specifically what desk?
Feel free to DM me for more details!
FICC
Asso2
150k base
80k bonus
Disappointed with the number , gonna look out
PS: Based out of Asia
singapore im presuming
this is in usd yea?
Yeah, that's USD
5yoe HFT
200k base / 2.9m bonus / 3.1m TC
Good year for the firm
HRT/CitSec/Tower?
probably HRT.
wtf. What do you trade?
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