2009 bonus announcements are on the horizon and I'm wondering what I should consider a fair deal. I work on the markets side as a second+ year associate. I joined the industry at a bad time - last year the bonus was minimal and salaries were frozen. I feel like I've been slaving at my job without the financial rewards that one would expect from being in this industry. What would be considered a satisfactory bonus for a big bank that's now doing reasonably well? I'm also told that base salaries will be raised across the board, since the bonus component of compensation will be lower from 2010 onwards. What % standard salary revision can be expected? If I get a promotion, what % salary adjustment is normal? I'm trying to figure out how much of any comp adjustment to attribute to a raise, a promotion, or merely an automatic revision.
-
19-01-2010, 11:35 PM #1
IB salary and bonus expectations
-
-
20-01-2010, 12:09 AM #2
if you really are in the industry you should have a rough estimate in mind. I have been in this industry for 4 years (not on the market side though more on the financing side) and there are hardly ever any surprises.
-
20-01-2010, 12:25 AM #3
Do you think I'm lying about being in the industry? Yes, I have some idea but it's always interesting to compare. This year is also different as the mix of base salary/bonus is due to be revised and I'm not sure exactly how. Don't want to feel good about a "raise" if it's mostly just an automatic revision.
-
20-01-2010, 12:34 AM #4
no, dont think you are lying, just saying that usually at the lower level of the food chain (analyst / associate) we usually do not have to expect much.
-
20-01-2010, 05:25 AM #5
it's probably not wise to compare in such public forum. am sure you had other source for such info to compare if you are in the industry....
yep agree with Mat, dont expect too much. never a "big" surprise.
-
20-01-2010, 08:42 AM #6
Raising a question about your banker bonus on a public forum at a time when banker bonuses are the subject of such media scrutiny would appear to be somewhat ill-advised. If you apply such a lack of judgement to the rest of your work.... well, let's just say I might expect the lower end of my expectations in such an event!
-
20-01-2010, 09:28 AM #7
I can only agree with the other posters. This is not an area to discuss this matter. Bonuses are confidential for a reason, even in pre-crash times. There are better people out there to discuss this with (headhunters).
Any payment will depend on your:
1. Employer - their profitability and level of government support
2. Team's activity - some teams pay more than others
3. Team meeting or exceeding its budget
4. Individual performance
