Posted by guest , May 23, 2008 2:59PM

Excellent spreadsheet work.

Posted by guest , May 23, 2008 3:04PM

Biggy Iggie

Posted by guest , May 23, 2008 3:05PM

A staffer at Cowen said that we were going to be flat to $5k down from last year, which puts us near the $100/115/135 from last yr.

Posted by guest , May 23, 2008 3:16PM

Those look fairly accurate.

Associate/VP pay was flat to down 10% at the beginning of the year. Highest performers were paid equal to what they received last year.

GS looks slightly high, Wachovia appears low, and I question the Merrill and Lehman numbers given their current financial shape.

Posted by guest , May 23, 2008 3:17PM

I would gladly lose money for any of these banks for half the bonus. The amazing thing is that these bankers work 80+ hours per week at it. I could easily lose billions for any of these firms without spending a full day at the office.

Posted by guest , May 23, 2008 3:35PM

@2:51: You were clearly fired and given a lousy severance. for the winners still left, they'll have to pay that to keep us. when MD's go from 3 to 2, youre not saving a lot of money taking analysts from 130 to 65. hope the morning shows are enjoyable.

Posted by guest , May 23, 2008 3:37PM

It seems to me that these numbers are for IBD, not sales & trading. S&T numbers usually a good deal lower. At any rate these look too high to me.

Posted by guest , May 23, 2008 3:37PM

@3.35--you're a funny clown! But you dont get it - nobody cares about junior people cause you dont make money. So, if i fire you, I can easily replace you as there are at least 5,000 resumes on file with HR. And those dopes will work for 65% of what I pay you. win/win for me BUT lose/lose for you

Now, go get my dry cleaning. chop, chop.

Posted by guest , May 23, 2008 3:41PM

@3:37. I've already talked to my boss. Im a second year and it's 115 for me this year. Dont know what else to say...

Posted by guest , May 23, 2008 3:58PM

2nd year what?

I'm pretty sure this is all wildly inaccurate, but it's hard to even begin to guess given that it just says "analyst". "First year analyst"--wtf does that mean? A lead analyst with 10 years of industry experience and 3 years as an associate? An associate just out of grad school?

If you can't keep your banking titles and research titles straight, what the f*** makes you think you can compare across company structures based on rumors and what people there claim?

Posted by guest , May 23, 2008 4:01PM

For half of those you can replace "$" with "rapidly declining stock that doesn't vest for 3 years".

Posted by guest , May 23, 2008 4:24PM

Wachovia staffer said flat to slightly down. I would add $15K-20K to each year.

GS and ML seem too high.

Posted by guest , May 23, 2008 4:47PM

@3:58. Don't get your panties in a bunch. This list clearly refers to analysts (i.e. 1st, 2nd, 3rd year out of undergrad) rather than research analysts. Why? Because everyone knows that these analysts are paid mid-year rather than year end because of the summer training / b-school admissions cycle.

Posted by guest , May 23, 2008 5:14PM

Hmm, not many baby bankers make it to year #3. I would put BofA in 06/07 at the top of these figures and maybe even higher.

As for 2:15, the rainmakers??? Most MD's in banking probably don't know how to use Excel..

The life of a baby banker sucks!

No, not a banker... I am a bigger douche!

Posted by guest , May 23, 2008 5:30PM

I heard RBC's staffer say (on average):

45K - 1st Year
55K - 2nd Year
75K - 3rd Year

Those guys are moving up in the League tables but down in the pay.. silly Canadians

Posted by guest , May 23, 2008 5:35PM

Is that C$ or US$? Loonies and toonies aren't looking so bad these days.

Posted by guest , May 23, 2008 5:36PM

I find it hard to believe any of these numbers - at my bank they can't afford to give us free drinks anymore, we're in such bad shape. I thought back in '01 bonuses dropped to 0-20K for first years...and things are much worse for the banks this year since they are the ones getting hit. I would be happy with half the number given for my bank based on what I've been expecting.

BTW, wasn't dealbreaker too high last year, and are these numbers for top or middlebucket analysts?

And any word on S&T - are they the same as IBD or lower?

Posted by guest , May 23, 2008 8:45PM

confirmed from a friend that barclays IBD (pays half your bonus after 6 months) got 35K

Posted by guest , May 23, 2008 10:05PM

Does even one of you clods actually deserve any kind of bonus at all?

I can't imagine how any analyst could possibly justify getting one.

Every day I read how far apart your expectations are vs reality.

No wonder JPM has me working overtime to clean a lot of you knuckleheads out.

The Hatchet Man

Posted by guest , May 23, 2008 11:11PM

Do any of you bankers and traders know how good a girl sucking your cock feels? How many times a year do you guys get to have sex? Close to never?
You guys are insecure losers with a little money in the bank account. Life is short - go fuck yourselves. hahaha.

Posted by guest , May 24, 2008 7:01AM

@11.11--You're a know-nothing. Of course the men here know how it feels - they pay for it every chance they get!

hahahaha

Posted by guest , May 24, 2008 12:50PM

Is anyone here gullible enough to fall for this sheet?

Posted by guest , May 24, 2008 6:05PM

I've heard Bank of America is slightly lower than last year at 100-120-140. Supposedly these numbers aren't final as they are trying to swell the pool to pay flat from last year. Can anyone else confirm this?

Posted by guest , May 24, 2008 6:16PM

20k for first years at BMO.

Posted by guest , May 25, 2008 3:17PM

Why isn't STI on there?

Posted by guest , May 25, 2008 5:11PM

These numbers are a little too optimistic. I'd say it would be around 75% of last year. It really doesn't save anything cutting bonuses to half at the analyst level anyway.

Posted by guest , May 26, 2008 7:13AM

I can give you the (unofficial) direction at UBS to be used for staff expectation management. I imagine it will not be too different at other banks as well:

- On the whole, EDs can expect reasonable numbers slightly lower than previous years, although some groups will be down significantly

- For Ds, it will be heavily dependent on department and the individual

- For ADs and non-officers, again it will be heavily dependent on region, department and individual, but overall numbers will be down to near zero and "market rates / industry performance" rationale to be used in the comp one-on-one early next year. Staff will be primed to expect this.

- For anyone above ED, I have no idea.

Slightly related, and buried deep in this thread so not too many people will see it :-) is a bit more info:

A series of more public expectation-management communications are planned to encourage natural attrition throughout the year, and to mitigate possible end-of-year layoff issues.

To borrow a term from Goldman Sachs, department heads are to look for opportunities to quietly "manage out" full-time employees wherever possible, and bonus numbers will reflect, to some extent, success in this area. Headcount can be recovered through the use of approved agencies and 6 - 12 month contracts as these do not appear in the public headcount figures (the ones that matter).

Posted by guest , May 26, 2008 10:34AM

@7:13M, Finally, some meaningful info (who cares what IB HR is doing to stroke the egos orrecent Ivy League grads who will be out the business in 2 years??)!

Posted by guest , May 26, 2008 8:11PM

Excellent UBS intel. Wish there where more useful comments like that one.

Quick question: "Down to near zero"...what does that mean? Is that an actual "no bonus" or a number meaning down from last year a percentage to flat? Sorry for wanting to be so specific. Lot's at stake and you seem to know what the hell you're talking about.

Posted by guest , May 27, 2008 7:58AM

@8.11- Hey douche, if you're making decisions on what some anon poster claims to know about UBS and have lots at stake, you're either an idiot, seriously retarded or a guy from delaware.

Posted by guest , May 28, 2008 6:35AM

Ha Ha

Mid level sales here got a multiple of 4 times the largest figure on that sheet...

Go smoke one you yankee plonkers

Posted by guest , May 28, 2008 7:36AM

@6.35-- yeah right......like we'd believe some brit who thinks drinking warm beer is a joy. and, four time zero is well........still zero!!!

Posted by guest , May 28, 2008 8:19AM

@7:58AM - "... you're either an idiot, seriously retarded or a guy from delaware."

As someone not from Delaware, (although certainly an idiot given that I am still at UBS) I can say the UBS comment sounded close to the mark for non-business departments.

The lower-level support staff, IT, and so on, are usually rather insecure so a token number (which would be what was meant by "near-zero") in a bad year is easy to deliver.

Directors and Executive Directors can be a tougher bunch, but comp-levels amongst that group are only tenuously tied to business-performance which explains the relatively unchanged numbers despite UBS flushing itself down the toilet.

Excuse me, I have some UBS options to flush.

Posted by guest , May 28, 2008 8:56AM

@8.19--good luck to you! now that ubs is providing lawyers to bankers and ex-bankers and advising them NOT to travel to the US, I cant imagine the amount of scrutiny you'll face from irs, sec and clients.

Posted by guest , May 28, 2008 10:00AM

@8:56AM "...now that ubs is providing lawyers to bankers and ex-bankers and advising them NOT to travel to the US"

Yeah, I just saw that news a few minutes ago. Good advice. Once the DOJ gets a whiff of a skidmark or two in some big name panties, there's no stopping them.

Posted by guest , May 28, 2008 10:19AM

smirk all you want, but I've never heard a legit firm, esp a bank, tell employees not to travel to the usa and give them legal counsel. They may tell you not to go to some 3rd world place, but the us?

Posted by guest , May 28, 2008 2:55PM

Is it true that some are so strapped they may pay in shares?

Posted by guest , May 28, 2008 4:04PM

These numbers seem a little ridiculous to me from a simply logical perspective. I don't have any experience with this because I wont be staring as a 1st year analyst until late this summer, but I know that if I were told that I would be getting no bonus at all this year I would just live with it and so would just about anyone in my graduating class. Everyone who has a job considers themself lucky and no one wants to be out in the job market now. I don't see why any bank would pay analysts a bonus of >60k when they could pay them much less. Simple supply and demand.

Posted by guest , May 28, 2008 7:49PM

4:04, you are way wiser than your peer group and will do very well.

The common idiotic refrain is "Analyst pay does not matter." Well guess what, the MD would rather fly around first class the 10-15 times a year than pay out 30 grand extra to some analyst who is worth less than toilet paper.

Good luck to whoever dreamed up the above figures. They could very well be possible, if they fire 90% of the analyst class first.

Posted by guest , May 28, 2008 11:41PM

UBS guy from Delaware...Very helpful.

I wish some of the other folks would grow up and focus on money and the rumors related thereto.

As you've proven and I've learned, most intel/rumors on Wall Street have some sort of validity to them.

For those who don't understand that concept, please keep your thoughts to yourself and just read how others use the most value commodity known to man for our advantage.

For many folks, this is serious $. For others who are still jealous that they never made it, continue watching.

BTW...I'm not an analyst but I think they deserve everything $ they get. And, like a good capitalist, should expect more. There's nothing wrong with these kids making $120-$150 when they devote 365 days to the sole purpose of keeping their bosses satisfied.

This means, answering blackberry at 9:00pm at the bar, rescheduling vacations, canceling dinner dates, working every weekend for at least 10 hours, considering leaving the office at 11:00pm as a good day at work.

Any other profession with those requirements please let me know.

Posted by guest , May 29, 2008 6:26AM

guest@11:41pm. I'm with you about the analysts.

Btw, the UBS guy said he was NOT from Delaware.

Posted by guest , May 29, 2008 7:01AM

@11.44--those analyst idiots deserve little to nothing. They are easily replacable, provide little to no customer biz and are a blood sucking group of leeches who lead despicable personal lives. I think they are all easily replaced by pc, programmed to work 24 hours a day. Just dont replace the chicks with bra sizes above 34C.

Posted by guest , May 29, 2008 9:04AM

@ 7:01AM and others: It's amazing how you can blindly attack what you obviously don't know.

1) Please explain how all investment banking analysts are idiots? Aside from completely sacrificing our personal lives for a few years to better our careers, how are we idiots? At the beginning of my 2nd year as an analyst (24 years old) I, and only I, discussed with the CFO and treasurer of a $2bn company their valuation for 30 minutes. Tell me what other job gives such responsibility at a young age.

2) How are we blood sucking? The arguments that analysts are worthless is the stupidest argument on here. Everyone in a bank knows that the most effective team is a strong MD and a strong analyst - the people in between are the ones who are negligible.

Do we make a lot of money? Yes. Have I worked 45 hours straight on 4 hours of sleep from a previous 24 hour excel marathon? Yes. Have I had to miss countless dinners and events with friends and family? Yes.

Most analysts are just normal people with a strong drive to learn and do the best they can - you clearly know absolutely nothing about banking and add negative value to the comments. Every job has its douches, banking has them and so does wherever you work, which from a quick judgment of your comments, is you.

And for what it's worth, the numbers above are probably fairly close to accurate, although probably a bit high in some cases. I would guess 1st years @ ~$80k and 2nd @ $100k (for bulge bracket investment banking analyst positions) This is down ~10-12% from last year.

-someone who actually knows what they're talking about

Posted by guest , May 29, 2008 9:23AM

@9.04-- OK, douchebage who is so busy with important things that you have time to read gossip sites.

1. You are an idiot for sacrificing your life and then complaining about it. You are inconsistent doing both. If you dont like it, quit.
2. You are a bloodsucker, everyone knows it. You are willing to label others as "negligible" proves my point. I hope you get fired soon.
3. If some idiot CFO gave you 30 minutes, hes obviously an idiot too. They're probably bankrupt or close to it, if they listen to clowns like you.
4.Do you really think you add value in the food chain? No one does, thats why jokers like you are the first to get kicked out.
5. I'm sure I'll meet you. Please get my order correct, I hate it when waiters cant remember my order. No tip for you.

Now, go back to your basement apartment in NJ and continue thinking about your choices - joining the military or waiting tables.

@9.09 - Drinking OJ? You're a slacker too.

Posted by guest , May 29, 2008 9:37AM

@9:23 your rebuttal is so stupid it doesn't even warrant a full response.

short version - everything I said was based in fact, everything you said proves my original point that you don't know anything.

Posted by guest , May 29, 2008 9:40AM

@9.37--practice saying, "You want fries?"..because thats the only money maker for you. trust me, if you're still employed in 30 days, its a miracle.

and....your reply, just proves my point. Now, go get me coffee, I'm tired from banging the summer intern last night.

Posted by guest , May 29, 2008 9:43AM

I can smell the bitterness wafting off that last (9 23am) post like the stench off a carcass. you must be in a support function.

Posted by guest , May 29, 2008 9:47AM

@9.43--not at all. I simply know how MDs and up feel about the little people who think they're so important, and try to dress like grown-ups.

Now, go fetch some dunkin donuts for us, the bear-ites are coming in soon to give us the keys to their homes.

Posted by guest , May 29, 2008 10:04AM

Why so bitter, do we not all have to begin someplace. Yes, most of us offering a rebuttal to your ignorant ways are most likely analyst. Last time I check the analyst role at an investment bank was one of the most sought after and one of the most difficult jobs one can get out of college. I remember listening to Ken Moelis say "an analyst at an investment bank is like a Doctor doing their residency" Both work hard, and sacrifice a personal life for the search of knowledge so we too can one day be "the MD" in your story. To me, you sound like ignorant guy who not matter how hard he tried (and I bet you tried so hard) could not get a job as an analyst. Its ok, like I said its kind of a hard job to get. Have a good day.

Posted by guest , May 29, 2008 10:14AM

there is no doubt in my mind that 9:23 gently slides a razor down his wrists every night only to realize he doesnt have the guts.

Middle office without a doubt.

-chad

Posted by guest , May 29, 2008 10:27AM

@10.04--to correlate being a doctor with being an analyst only shows the extent of your delusions. please get some help soon

@10.14--if thats funny where you live/work, its truly sad. please get some help or at least a hug from your Mom.

Posted by guest , May 29, 2008 10:53AM

Out of sheer curiosity, how many rejection letters did you get when applying to be an analyst. A ballpark figure will do…5?, 10?, 15!?

Posted by guest , May 29, 2008 12:39PM

au contraire my good fellow........when you go to a good school, you get offers.

Now, how about you? Oh right, nobody was interested in your porn collection you built in Mom's basement. sorry, dude, but knowing about RICK isnt really a big deal.

Posted by guest , May 29, 2008 1:08PM

Despite widespread unemployment, analysts still have to be paid competitively. It's one thing to lay people off -- they're gone! It's another thing to pay existing employees subpar, and then expect another year of work performed cheerfully and well at all hours of day and the week. Second year analysts who are furious and feel cheated about their bonuses will infect the attitude of the incoming first year analysts, and the summer interns.

Why, it almost makes one want to fix analyst bonuses industry-wide! And to erase memories of what has been paid in years past!

Posted by guest , May 29, 2008 1:52PM

@9:04AM an equity research junior analyst, clearly the bottom of the finance food chain before you get to the back office, probably spends way more time than you talking to CFOs and CEOs. you make some fair points, but don't get too carried away with your self-importance.

Posted by guest , May 29, 2008 2:52PM

Dont diminish the role of analysts - they play crucial roles on all deal teams and bear the brunt of the workload, particularly the work no one else wants to do. MD's for the most part actually do understand that analysts work their hearts out. However, because it is something that is expected, most analysts don't get recognized by the MD's as doing anything special.

That said, analysts are the lowest on the chain and are the most easily replaceable people in an investment banking operation. At this point, given the economy and how many people have been laid off (esp. with the bear layoffs), the competition in the IB job market is INTENSE and regardless of the bonus number, no one will be quitting their jobs willingly anytime soon.. and don't think HR doesn't know this. Given current conditions, the above figures seem absolutely ludicrous. I know a couple analysts who have already found out their numbers at bulge bracket banks and bonuses for 2nd years have ranged from $30k-$50k, which means we're back to the bonus ranges of 2001/2002.

If we are indeed back to those times, first years should expect ~$15k-$20k and third years should expect $60-$80k. As always, there will be outliers since the bonus spectrum this year is supposed to be huge, but Im guessing that the average will fall somewhere in those ranges.

Posted by guest , May 29, 2008 3:32PM

I told one analyst yesterday that he was lucky to have a job when he asked about his bonus. I dont need to pay up for help this year as the bonus pool is truly aimed at money makers only. I get at least 100 resumes a week now.

Do you really think I care what some 2nd or 3rd year jerk thinks? They are now in the same food chain as drivers, and grocery clerks. If they get uppity, there are a lot of replacements available at lower prices. And I'm pointing that out now too.

Posted by guest , May 29, 2008 5:18PM

@3:32pm - you sound like an inspiring leader.

Posted by guest , May 29, 2008 5:26PM

3:32 is full of sh*t ppl. Anyone who know anything about this business can see right through this guy. He either a) doesn't work in the industry b) is back office or c) worked in ML structured products

Posted by guest , May 29, 2008 6:42PM

@5.18--its about making money, if some ivy league mba needs his hand held, he's gone in 4 weeks here

@5.26-- lets wait and see about bonus'. If junior, meaning those with less than 5 years, think its 2005-2006, they are very mistaken.

And, no, I dont work for any of those places you named. I probably have your resume here too. You dont get it, 10-15 year veterans are willing to take substantial paycuts to stay in the game. You think some money grubber like you stands a chance of having any candy thrown at them?

Posted by guest , May 29, 2008 7:52PM

Everyone seems to be an expert. I doubt anyone on this board really knows what will happen.

That said, investment banking revenues are only down slightly, and despite what many think, the reasons banks spend significant amounts of time and money on analyst recruiting, training, etc. is because analysts do add value at some point.

I think these numbers are high, but hopefully bonuses will fall somewhere around 75% of those shown here.

Also, as an analyst who works directly with an MD, I've finally learned that what analysts make is really nothing compared to what senior people (and banks) bring in. Cutting bonuses significantly will not save the bank in teh short-term, and could be very detrimental in the long run.

I would argue that it's risky for a bank to significantly cut bonuses (i.e. to the 10k level for 1st yrs), as it will seriously hurt recruiting efforts in the future (i.e. when the economy has recovered). You can say they don't care about recruiting, but check with HR to see how much money is spent on it, and ask yourself if they really do not care (at least a little bit).

Posted by guest , May 29, 2008 8:04PM

Of course analysts deserve their pay, my balls aren't going to suck themselves.

Posted by guest , May 29, 2008 8:05PM

any analyst works "with" their MD does not work for a BB

Posted by guest , May 29, 2008 8:24PM

This back and forth is not only ridiculous but also off point. Lets suffice it to say that throughout the history of IB there are people who feel analysts deserve what they make and there are those that disagree. This is not the time nor the place to seek compromise on that topic. Just like everyone else on the Street who worked their ass of making real money and then got screwed in Feb, the analysts run the same risk. It is mitigated a bit more than people outside the programs based on what post 7:52 explained very well.

Now lets cut the shit out and discuss what actual information we have. The rumor is that bonuses are flat to down 10% from last year. There is also rumors that they are looking at increasing the size of the "bottom bucket" to encourage the weaker performers to piss off. If they are flat to last year these numbers are just a touch high (~ 5%).

Anyone else know anything useful besides listing all the potential errands or you can think of?

Posted by guest , May 29, 2008 8:50PM

@ 8:05: You're correct, I don't work "with" the MD, I work "for" him. My situation is unique, as I work for a PE group within a BB, but as 8:24 points out this is irrelevant.

The bonus could be a lot of money to me (and I suspect most people who are commenting), so it'd be nice to get an idea about what it may be.

Not sure if this is true, but I've heard Wachovia analysts get half the bonus mid-year (Dec.) and the other half in July. I heard that their first half was 35k (i.e. 70k for full first year bonus). Anyone also hear this? Also, are bonuses at BBs paid out in the first 2 wks of July?

Posted by guest , May 29, 2008 8:51PM

@ 8:05: You're correct, I don't work "with" the MD, I work "for" him. My situation is unique, as I work for a small PE group within a BB, but as 8:24 points out this is irrelevant.

The bonus could be a lot of money to me (and I suspect most people who are commenting), so it'd be nice to get an idea about what it may be.

Not sure if this is true, but I've heard Wachovia analysts get half the bonus mid-year (Dec.) and the other half in July. I heard that their first half was 35k (i.e. 70k for full first year bonus). Anyone also hear this? Also, are bonuses at BBs paid out in the first 2 wks of July?

Posted by guest , May 30, 2008 4:28AM

Who are these sorry fks underappreciating the value of ibd analysts? Any smart banker knows that by an analyst's 2nd year, a competent one can outperform majority of YR-0 and YR-1 associates with Harvard MBAs... (My group just got a Harvard MBA summer associate - I, an analyst, had him update company profiles and spread dealcomps this week - little does he know that I anticipated the shittiness of his work quality so I had India do them for me earlier in the week). And by 3rd year, one should never work with associates and rarely be working with Jr. VPs. If you are a Sr. VP and you are commenting on dealbreaker, I am sorry for you.

To come to the conclusion that analysts add no value is as asinine as the spreadsheet containing those numbers above. Then to say that all analysts are replaceable just because there are 1000 resumes sitting on your desk clearly tells me that you have not been working in banking for more than a year or that you are delusional & completely retarded, and will be fired soon... I'm sure those 1000 resumes can't replace in one month 1000+ hours of due diligence a competent analyst has already completed for 2 live deals within the past 3 months while understanding the subtle nuances of how to quickly and successfully work and please his/her senior peeps on various short-term assignments. (No, I don't work with associates or vps on transactions b/c to me and my director they would only be de-sissting in our efforts to get the deal done on time; and yes, I work for a true bb firm, and by that i don't mean jpm or shittigroup)...

I'm pretty certain no one in bb ibd has found out their numbers yet (with exception to get da fk out bonus / bottom bucket / bottom 50% - what jpm paid 50% of its 1st yr analyst class for severance - approx. 25K and 2 months salary or something like that. don't quote me on this). Also, I heard from various hhunters that good ny 1st yr associate offers in pe at a reputable shop is around 200K-225K this year vs. 250K last year (pe shops try to pay just a bit more than what they expect bb banks to pay its top bucket third years). Now taking all of this into consideration, including the trend of increasing variance from top to bottom bucket for each class every year, I'm guesstimating that realistically, '08 1st year analyst bonus will be around 35-65K (low - top bucket); 2nd years: 55-85K; 3rd years: 75 - 105K +/- 10K and with more middle bucket than years prior (a true normal distribution function vs. the one skewed to the right).

Now, to those mid-level losers (associates/vps) who think that 1st yr analysts shouldn't get paid more than 10/20K - let's just think what will happen to your bonuses if your wish actually came true. If 1st year bonuses go from 95K in 2007 to 10/20K in 2008), then I'm sure by early '09, you will not be "cash rich" enough to pay off that remaining b-school loan and your wife's last valentine's day / Christmas / B day present, especially if you spend 1K of cash a wk at Flashdancers and another 500 at massage parlors b/c your wife of 8 months don't want to fk your seamless fat and tired ass anymore. Oh yeah, btw. make sure to incorporate a function in your personal financial model for a 70% cash 30% equity scenario that pretty much vests only if you get fking fired. But if you do get fired, who are you going to ask for hhunter referrals? Obviously, you and your mid-level Harvard MBA connections weren't good enough for the buyside first time around. Let's call a spade a spade, sir... you really don't mean what you said. Or even if you did, you don't necessarily want it to be true, because if it does come true then you'd better pack your bags and call a damn good divorce lawyer (maybe your friend from Harvard Law); the last time I checked, associates and vps get canned before the banks even touch analysts. So if banks are laying off 50% of its ibd analyst class then I'm sure there's a great chance that your bonus will be my 2 cents, a pink slip, and a nice damp towel (for you to hold for me while I cum on your newly divorced wife's face after I get off of work at 7 pm on a weeknight from my new buyside gig)... Better yet, I won't even use your services; I'll just give her a nice pearl necklace every friday night, the real valentines day present she was seeking if you were actually paying attention to her instead of marking up stupid pie charts to be a bit smaller in that one pager; that profile a smart analyst told you was going to end up at appendix section F of a 100-page pitch book for some corp. development guy, you stupid dipshit. Get a life. O wait... you can't b/c come next year, you will still be on your knees night and day re-working the numbers on a retarded pitch book with an incompetent/disgruntled laterally hired analyst for MY senior people to ultimately use as a drink coaster during the meeting, and nothing more. Peace be with you slave.

Posted by guest , May 30, 2008 6:02AM

Two tidbits you douchebags should know-

1. All banks/IBs/ etc are having their acountants walk around asking mgmt to report all expenses and losses that we anticipate so there are no surprises next year.
2. HR is walking around asking what folks we really need or want. Also, saying those that are "difficult to manage" need to be culled or those who dont directly contribute.

So, if you think your job is so safe, think again.

Now, consider going back to iowa before the train fills up.

Posted by guest , May 30, 2008 7:48AM

@ 6:02AM - is this supposed to be news? I think it's plainly obvious to everyone at working an any IB (BB included) that they're tightening things up.

Posted by guest , May 30, 2008 10:44AM

I don't think any of you deserve a bonus. If you are fortunate enough to maintain your situation, that in itself should be your bonus.

Q.E.D.

Posted by guest , May 30, 2008 12:02PM

@4:28 - at least there's one reliable source who knows what he's talking about. well done. i'd say those numbers are pretty much right.

Posted by guest , May 30, 2008 12:22PM

@ 4:28AM
hahahaa. i concur... associates and vps are definitely worthless cocksuckers taking credit for analysts' work. that's why our bank got rid of 20% of 'em within the past 6 months. my first year associate doesn't even know how to build an LBO. he started hardcoding the interest expense line item with some numbers he got off of a research report and was asking me why the model doesn't work. then he started yelling at a first year analyst for no reason and made her cry. i looked at him last night, just shook my head and left the office. he'll definitely get laid off.

Posted by guest , May 30, 2008 12:42PM

The associates have some hot young feet though!

Posted by guest , May 30, 2008 1:01PM

4:28 - ur dead on and ur numbers sound reasonable to me. "peace be with you slave." ahahaahahahaaha! good thing there's exit opportunities for good analysts even in this crappy market that pays better than the current one!

Posted by guest , May 30, 2008 1:04PM

I hear the Farmers co-op in Iowa needs check-out clerks for those of you headed home forever.

Posted by guest , May 30, 2008 1:24PM

It's almost 1:30pm and I'm a 2nd year analyst at a bb. A 1st yr associate tried to give me some work half an hour ago... I told him that I need to go to the gym, come back and get on the polycom to have a teleconference to discuss my st. tropez trip in july with other bb 2nd years then go on a date to bang some b&t chick so I'm pretty much done for the day. Good times bitches!

Posted by guest , May 30, 2008 1:30PM

i think i saw my vp coming out of johnston murphy the other day. man, it's getting ugly out there for those guys...

Posted by guest , May 30, 2008 1:33PM

@4:28am - it's kind of funny to hear you describe the almighty analyst as something that everyone should aspire to be forever and perpetually bow-down to... for all i care, you can stay an analyst the rest of your career and not be one of "those" HBS MBA's getting paid and giving you projects to work on while we're out of the office.

because you're so great at your job, why don't you stay all night today, tomorrow and the rest of your 1-3yr analyst career.

Posted by guest , May 30, 2008 1:34PM

@4:28am - it's kind of funny to hear you describe the almighty analyst as something that everyone should aspire to be forever and perpetually bow-down to... for all i care, you can stay an analyst the rest of your career and not be one of "those" HBS MBA's getting paid and giving you projects to work on while we're out of the office.

because you're so great at your job, why don't you stay in the office all night today, tomorrow and the rest of your 1-3yr analyst career.

Posted by guest , May 30, 2008 1:44PM

@4:28am - it's kind of funny to hear you describe the almighty analyst as something that everyone should aspire to be forever and perpetually bow-down to... for all i care, you can stay an analyst the rest of your career and not be one of "those" HBS MBA's getting paid and giving you projects to work on while we're out of the office.

because you're so great at your job, why don't you stay in the office all night today, tomorrow and the rest of your 1-3yr analyst career.

Posted by guest , May 30, 2008 2:34PM

@ 1:44pm. i have a buyside gig paying 300K next year. heard my firm's up 40% ytd so the current 1st years expect to get paid more like 450K. i'm fine with 300K but 450K sound good to me! i mean, i am only 24 years old. my 3 years is up in 27 days and never will i have to do banking again. i must say though that the analyst stint was a great temp job for me. learned a lot the first 24 months, met some really smart senior people, quickly figured out that i'm much smarter than most mid-level people in the banks, and closed 7 $500+mm m&a deals during my 3 years at my firm (3 of which did not have an associate or a vp on the deal team). yes, i'm a BSD analyst, and yes i tell my associates that they are getting overpaid and i'm getting underpaid, and yes i received a direct promote offer, which I obviously declined.

you must have been working too hard or just plain stupid since you cannot grasp the message i was tring to convey in my prior blog. i highly suggest you take some vacation days before you get axed on your mid year review. i was pointing out how almighty analysts like myself would never become a dbag associate / vp at an investment bank, deep throating on a buysider's cock night and day. b/c i'm so great at my job, i will turn 25 this fall and will have 28-30 yo hbs fks on all 4s doing my work for me whether they are in the office or away, while i play brick breaker and day trade the shit out of your shittigroup stock. none of my superiors at my new gig went to b-school; they were all direct promotes. and they all made fun of bankers during my sell dinner. so continue to get paid in stock while I co-invest the little bonus i will earn this year in my new firm's fund and double my money in 2; and continue to fly coach in hopes of getting an upgrade to bus. class while i fly in my partners g350.
sorry, it's getting late - i'm in check out mode. i must leave the office now. peace be with you hbs - harvard business slave. i will be calling you shortly to see how you're doing with my request for hand spread comps for all of the companies in the s&p500 (just for the fun of it). make sure to really dig down in the footnotes, my little slave.

Posted by guest , May 30, 2008 2:35PM

Doesn’t make sense to lay off either analyst (Cheap factory) or Rainmakers (Revenue Gen). Without both, you got nothing. Mid level employees are the first to go because they don’t fit either category.

Posted by guest , May 30, 2008 2:55PM

@2:34 Holla! It's good to be the best of the best! If I'm on a deal and I get a banking associate on a deal team from Harvard business school, I'm definitely going to make him do a porter's five forces and swot analysis for me.

Posted by guest , May 30, 2008 6:35PM

@2:34pm,

My, my, aren't we impressed with ourselves. How much of what you said is truth, and how much is bullshit?

Truth = a little; Bullshit = a lot.

If you were the hi-powered dude you claim to be, you wouldn't be posting on db at all. But then again, you're 24 and immature. 24 is the only truthful part of your entire entry.

@2:34 = asswipe

Posted by guest , May 30, 2008 6:41PM

@2:34pm,

BTW, WTF is a hi-powered dude like you doing up at 4:30 AM posting on db?

@2:34 = double asswipe

Posted by guest , May 30, 2008 7:09PM

guest @ 5/30 4:28am and 2:34 pm. Glad to hear you're doing so well.

Go easy on that white powder that's keeping you up all night and manic all day.

Age 24: BSD.
Age 25: Lying on the morgue table.

Posted by guest , May 30, 2008 7:19PM

I'm guessing that guest @ 5/30 6:35pm and 6:41pm is TGFD/TOGFD.* (1) Always tries to bring down someone he considers too high-faluting for posting at hours he considers inappropriate. (2) Favorite pejorative noun is "asswipe."

*Not that there's anything wrong with that.

Posted by guest , May 31, 2008 1:59AM

i just read 2:34pms prior comment at 4:28am. he seems to be one of the very few on the blog who actually knows what he's talking about. all of the anecdotal stuff makes perfect sense to me. man, i hate my job in banking. vp ruined my damn weekend because of a pitch book.

but there's no way 2:34 is not constantly doing snow in the bathroom at all times. i'd join him if i wasn't still at the office.

Posted by guest , May 31, 2008 9:40AM

@ 2:34PM

After one digs through your backpatting and ego stroking, fundamentally what you're saying has truth, yet you still sound like the stereotype of a douchebag banker. This is coming from a 2nd year @ a BB that has had a similar banking experience to yours and is also going to a top buyside job (top 5 PE shop to anticipate your reply, although I half expect to hear "HF is where the superstar analysts go!!11!").

Stop feeding the stereotype. An appropriate answer when a girl asks what you do is not "BSD analyst that is going to make upwards of $300k next year" If that has worked, strong possibility you have the herp as NYC is overflowing with ppl making $300k+

To be preemptive: I must respectfully decline your forthcoming request for an "LBO-off" to see whose nuts are larger (cue rant on how easy LBOs are to build)

Posted by guest , May 31, 2008 12:13PM

Who needs to do an LBO-off? Come on guys, we all know the answer is not LBOable given the market conditions. Top 5 pe suggests that you won't be doing many deals in the near future except selling off assets your pe shop purchased with 6x lev back in '06. top hedge fund gig suggest that your future has a huge downside. half of my friends in hedge funds got laid off and you know what their severances were? (note: they were guaranteed 300k+ like 2:34 last year)- $0 bonus and 4 weeks salary. Good Game.
times are uncertain for everyone. it's wise to keep a low profile when you think you're doing well. also fyi - i have plenty of friends not doing either pe / hf and making >$2mm at the age of 25. So stop bragging about money... especially in ny even if you make $5m next year, there's always gonna be plenty of tf babies driving their lambos around because they just got $30m in the bank when they hit 21. I'm sure those guys don't have to impress some models by buying bottles every weekend at tenjune.

Posted by guest , May 31, 2008 12:46PM

@12:13 - completely agree, which I was trying to drive home in my post @ 9:40AM. Reason for mentioning where I was going was to preempt being called a "backoffice loser who is just bitter"

Posted by guest , May 31, 2008 1:31PM

http://www.stuffinvestmentbankerslike.blogspot.com/

Posted by guest , May 31, 2008 7:50PM

Gurst@7:19pm, 05/30...

"Asswipe" is the favorite of The Other Guy from Delaware. I haven't yet selected a favorite.

The Guy from Delaware

Posted by guest , May 31, 2008 7:57PM

Anybody know what Chelsea Clinton might be making at her HF job?

Posted by guest , Jun 02, 2008 12:47PM

I did 3 years in banking and had fun, despite the hours. My co-workers, for the most part, were agreeable. We had almost no Bschool associates/vps (most were direct promotes) so they knew their stuff and I learned a lot from them. They gave me enough guidance that I could learn in the beginning, and balanced that with enough indepedence that I wasn't being coddled (mostly worked w/ assoc during my 1st/2nd yr, never in my 3rd yr). I was given a direct promote offer as well but like many of you, vowed to leave banking, and am an associate now myself, working in a distressed private equity fund that has earned 300% IRR YTD (good times for people like us).

That said, I don't understand why people here speak so disparagingly and disrespectfully about their associates in IB. I worked at 2 BB during my 3-years (switched mid-2nd year) and although I absolutely hated some associates, there were just as many who were very knowledgeable and intelligent. When I graduated college and was a finance noob, they were great resources and I still have respect for and keep in touch with many of the associates (now vps) I used to work with. In fact, I sometimes go to them for advice when making career choices or seeking opinions regarding certain accounting/finance matters. Was everyone else's experiences in investment banking, especially with regard to associates, that bad?!?!??

Posted by guest , Jun 02, 2008 1:33PM

Does anyone have any real info about bonuses this year for Associates in Research at BBs?

Posted by guest , Jun 03, 2008 10:57AM

As a 2nd yr analyst at one of the banks listed in the spreadsheet, I can tell you that all those numbers are inflated... Expect 15% - 20% less.
GS' A1s got 110 last year and this isn’t the year where banks are looking to beat one another… but hey its Goldman and they’re pretty good YoY.

Also, I can tell you first hand that while we are expendable, there aren’t nearly as many people as most think willing to replace us. Sure, our HR Dept has 5000 resumes on file but how many are quality? We are paid handsomely for our dedication to our work and our superiors.

My group is extremely small (9) including both origination and portfolio. As the only analyst, I eat shit sandwiches for 85+ hours a week (equivalent to two “full-time” jobs). I don’t work “closely” with my MD, in fact, not even my VPs work closely with my MD. My MD brings in mandates, assigns Ds and VPs to the deal and moves on to find more mandates.

Most studies that I’ve seen from bullshit management courses in undergrad said people value appreciation and respect over pay. Well, not an analyst, we are in it for the dollar… and we deserve every cent we get.

The bottom line: we’re all dogs, those in banking are simply a better breed.

Posted by guest , Jun 06, 2008 4:02PM

If you guys have a job by the end of 2008, open the bubbly. Forget about the numbers!

Posted by guest , Jun 06, 2008 6:13PM

Totally agree, guys. Accept a $1.90 bonus and a donut and don't complain. Be thankful for a job this year.

Posted by guest , Jun 06, 2008 6:14PM

I heard Merrill is about to lay off another 5,000. Resume padding time...

Posted by guest , Jun 07, 2008 12:30AM

Yeah, I heard the rumor about Merrill too. Run for the hills!!!!

Posted by guest , Jun 08, 2008 2:32PM

My buddy tells me the Merrill announcement will happen on Tuesday morning.

Posted by guest , Jun 10, 2008 7:25AM

Many credible UBS rumours in the news of another multi-billion dollar Q2 loss and significant private wealth client defections.

Managers have been in meetings all day today and its reminiscent of the weeks leading up to the prior layoffs.

I have been to some of the business presentations meant to reassure staff that the worst is over and that the (remaining) business management team is now more streamlined and changing things for the better... but they haven't changed anything significant in their thinking and strategies. We seem to be left with the worst of the bunch.

They are rearranging the deck chairs while the UBS Titanic steams full ahead, powered by capital injections and the rights issue, toward a massive iceberg with sides as precipitous as the share price fall.

The smart ones have already bailed, and are paddling away to safety, while none of us remaining suckers even got to have sex with Kate Winslet.

Ah well, I should at least be thankful that I'm not from Delaware.

Posted by guest , Jun 10, 2008 2:53PM

numbers inflated by at least 20% according to ED level guy

Posted by guest , Jun 10, 2008 3:04PM

you take bonus advice from a guy with Erectile Dysfunction?

Posted by guest , Jun 11, 2008 3:59PM

Any updates? People should be finding out soon - some may have some indication of what numbers are looking like.

Posted by guest , Jun 11, 2008 5:56PM

Definitely some good numbers coming out in the 5 and 6 digit range, although that includes the leading zeroes.

Posted by guest , Jun 11, 2008 11:26PM

CS is now postponing bonuses till the end of July.....

Posted by guest , Jun 12, 2008 6:16AM

"CS is now postponing bonuses till the end of July....."

I whiff some bad Q2 results in the air. The question is, will it be a polite little gaseous indiscretion, or more like the full-blown aftermath of an alcohol fuelled night of Mexican cuisine, Viagra and street hookers?

Keep your nose to the wind my friends, something is coming, that's for sure.

Posted by guest , Jun 14, 2008 7:58AM

Anyone have a decent sense of numbers at this point?

Posted by guest , Jun 14, 2008 3:46PM

Heard from two MDs at my firm (bb) that everyone is waiting for goldman to leak their bonuses, and my firm will prob come in close (i'm sure below, but "close"). MD also said he doesn't think they'll be cut in half, and 1st this year might be something like 2nd tier last year. That said, the MD I talked with said he really wasn't sure, but he was just trying to give some guidance...

Posted by guest , Jun 14, 2008 5:13PM

At my firm we find out the 26th or 27th. The subject hasn't been brought up in our group with anyone higher than an associate (seems somewhat taboo) so we really have no idea what's coming. I wonder why everyone thinks Goldman will pay higher than everyone else? Sure, they've done better than everyone else on the street but that doesn't mean they've done well...and I thought they normally paid slightly less than street since they have the Goldman name...

Posted by guest , Jun 14, 2008 5:14PM

At my firm we find out the 26th or 27th. The subject hasn't been brought up in our group with anyone higher than an associate (seems somewhat taboo) so we really have no idea what's coming. I wonder why everyone thinks Goldman will pay higher than everyone else? Sure, they've done better than everyone else on the street but that doesn't mean they've done well...and I thought they normally paid slightly less than street since they have the Goldman name...if numbers are even 80 percent of what has been posted above I will be overjoyed, but I have my doubts given how many people are being let go.

Posted by guest , Jun 15, 2008 6:54PM

Bonuses are to be paid in options this year.

Posted by guest , Jun 16, 2008 11:05AM

I was promised at least last years bonus pay

Posted by guest , Jun 17, 2008 4:31PM

Merrill's numbers are inaccurate.

Posted by guest , Jun 18, 2008 6:01AM

"I was promised at least last years bonus pay"

Did they specify who's bonus pay?

Posted by guest , Jun 18, 2008 3:30PM

Does the spreadsheet above ever get updated as more data is released? It's been a month since this article was written and a lot has changed since then.

At JPMorgan, I've heard $80K, $100K, $120K for top 1st, 2nd, and 3rd years. This is down about $20K from last year.

Posted by guest , Jun 19, 2008 9:05AM

Went around the street this morning, According to this (JPM Official in London):

1st year analysts - 16,000 - 35,000 GBP (USD $31,300 - $68,500) 2nd year analysts - 18,000 - 44,000 GBP (USD $35,200 - $86,000) 3rd year analysts
- 35,000 - 60,000 GBP (USD $68,500 - $117,500)

Posted by guest , Jun 19, 2008 2:34PM

Question - As a laidoff JPM US first year should I prepare to be dicked on my bonus based on this wide range? Is London usually on par with the US? TIA

Posted by guest , Jun 19, 2008 5:33PM

if you're laid off, you're laid off. get your head away from the feeding trough.

london bonuses are usually lower to offset the higher base pay.

i heard lehman and ubs get dog biscuits for bonuses this year. goldman will be at the top of the pile. bank of america, jpm, wachovia, merrill, and morgan stanley will be in the next tier. citi, db, and mid-market banks next. firms that are struggling to survive are giving out free used training manuals.

Posted by guest , Jun 19, 2008 6:24PM

ML gave out their numbers already...does anyone know what they are?

Any insight into numbers?

PS: Those London Numbers are retarded, the range is not that wide. SHUT UP if you dont know what your talking about!

Posted by guest , Jun 19, 2008 7:09PM

A friend of mine who is a 2nd year analyst at jpmorgan got his number - $35k.

Posted by guest , Jun 19, 2008 8:11PM

My buddy got $33k from JP.

Posted by guest , Jun 19, 2008 8:31PM

are those JP numbers just posted serious?

Posted by guest , Jun 19, 2008 9:08PM

They better not be! If JPM is getting numbers like that, I'm hosed... I did have a friend at UBS who got $55k for his first full-year bonus in Feb. (they pay a stub after the first 6 months in some divisions, then you're on the regular bonus cycle even as an analyst). Since no one got hit harder than UBS in all this ('ceptin for Bear, of course), I would think the rest of the street would be higher.

I'm going home.

Posted by guest , Jun 20, 2008 9:37AM

Also heard that GBP45k was top of the range for 2nd year analysts at JPM in London. I guess wide ranges make absolutely sense in this market environment.

Posted by guest , Jun 20, 2008 10:57AM

Most of you have no idea what you are talking about. Bonuses are going to be down about 20-30% from last year, but not 70% down like some of these clowns are trying to say.

Why is everything "my buddy" or "a friend of mine," unless it is you shut the Fck up.

I work for a middle market IB and we are going to be down 25% roughly from last year!

Posted by guest , Jun 20, 2008 11:00AM

If your friend got in the 30's for his bonues tell him to quit and do a job that pays the same and he will work half as long. Maybe your friends were the lowest ranking schlups.

Posted by guest , Jun 20, 2008 9:57PM

2nd year Analyst here. My number came in at 105k. A little lower than I had hoped a year ago, but with existing conditions, I'm not complaining :-)

Posted by guest , Jun 21, 2008 12:33PM

Ridiculous. these numbers are all over the place.

@9:57, are you in NY? i thought most places don't give out those numbers until next week?

Posted by guest , Jun 21, 2008 5:39PM

9:57 What company do you work for?

Posted by guest , Jun 22, 2008 8:07PM

2nd yr analyst w/ shittygroup here. Bonus numbers to be communicated by Friday, June 27th. Guess we'll all know soon enough.

Posted by guest , Jun 22, 2008 8:47PM

@ 8:07

hopefully you will make it to the 27th before the axe

http://biz.yahoo.com/ap/080622/citigroup_job_cuts.html

Posted by guest , Jun 23, 2008 8:16AM

The only bonus you get from Citi will be your redundancy payment. And you'll be lucky if you can afford a Prius.

Posted by guest , Jun 23, 2008 11:19AM

3rd year WB banker. Numbers come out Friday, June 27. Hoping to see a lot of real, first-person numbers on here so we can get actual market color. I plan to go apesh*t if I am more than 10% off market, even though we are Wachovia.

Posted by guest , Jun 23, 2008 12:08PM

June 19 7:09 here, my friend (2nd yr analyst) who got $35k from JP was def not the top bucket, probably not even the middle bucket given how low the number is. Point is that there will be a huge range this year.

Posted by guest , Jun 23, 2008 12:55PM

What group did your friend work in? Was he in NY? That just seems way too low for a second year (even a first year) at a BB bank.

Posted by guest , Jun 23, 2008 1:31PM

i'm pretty confident that no NY BBs got their numbers yet.

Posted by guest , Jun 23, 2008 2:00PM

unless they were part of the recent JPM/ BS layoffs, or if they were in the commercial bank or something, they likely don't know their numbers yet. We've been hearing 6/27 as the date JPM'ers find out

Posted by guest , Jun 23, 2008 2:17PM

You sure he wasn't in mid-corporate, those numbers would make sense for that.

Posted by guest , Jun 23, 2008 4:34PM

someone needs to update these... there is a new spreadsheet floating around with waaayyy different numbers

Posted by guest , Jun 23, 2008 4:35PM

anyone have the new spreadsheet?

Posted by guest , Jun 23, 2008 4:42PM

I've got it... new numbers aren't pretty.

median top numbers for 1/2/3 years respectively are 40k/55k/60k

Posted by guest , Jun 23, 2008 5:12PM

Can you please post the numbers for each firm on the spreadsheet?

Posted by guest , Jun 23, 2008 5:26PM

who cares about the new spreadsheet? it is just pure speculation until Friday, when we will ALL find out together.

Posted by guest , Jun 23, 2008 5:32PM

seriously no firm reports any earlier?

Posted by guest , Jun 23, 2008 6:29PM

Sounds about right from my polling:
40k, 55k, 60k

Posted by guest , Jun 23, 2008 6:40PM

man there's a lot of dbags on this site who have no idea what they're talking about. those jpm london numbers (exchanged in usd) are VERY accurate across all top ibs for 2nd and 3rd years.

Posted by guest , Jun 23, 2008 6:56PM

sukkas r gunna be cryin dis week

lata nigs

Posted by guest , Jun 23, 2008 6:56PM

there's no way everyone on wall st. finds out on friday. are you guys retarded? logistically that can't work. must be all 1st years who have no idea how reviews work. btw, most 1st year numbers represented will merely be interpolations... if you guys don't know the numbers of your 2nd and 3rd year top buckets by now then you guys are definitely not respected at your banks and will most likely get shitted on this year. yep the variance is huge.

Posted by guest , Jun 23, 2008 7:57PM

@ 6:56.

Buddy, check the past tense of word meaning "to release one's bowels"

Posted by guest , Jun 24, 2008 7:53AM

40k, 55k, 60k is low; add 10-15k per tranche to get more realistic median figures

Posted by guest , Jun 24, 2008 10:14AM

Actually, 40k, 55k, 60k is remarkably accurate from what I'm hearing.

Posted by guest , Jun 24, 2008 10:23AM

I'm really pissed. My bonus morphed into a severance package. Anyone need a good 2nd year from Yale?

Posted by guest , Jun 24, 2008 10:34AM

Anyone know anything for sure yet or is this all just random rumors?

Posted by guest , Jun 24, 2008 10:37AM

He was into that whole Yale thing.

Posted by guest , Jun 24, 2008 10:41AM

What whole Yale thing?

Posted by guest , Jun 24, 2008 10:59AM

60/70/80K; 1st/2nd/3rd

Posted by guest , Jun 24, 2008 11:07AM

@10:59, that's what i've been hearing too from MDs at my bank.

Posted by guest , Jun 24, 2008 11:24AM

just heard that 2nd/3rd will match 07-not sure about 1st yrs.

Posted by guest , Jun 24, 2008 12:04PM

@11:24 i know that 2nd/3rd will not match 07

Posted by guest , Jun 24, 2008 12:11PM

1st years - 50/60/70 bottom/middle/top. confirmed

Posted by guest , Jun 24, 2008 12:15PM

are thes gs numbers?

Posted by guest , Jun 24, 2008 12:21PM

40/55/60k at Merrill

Posted by guest , Jun 24, 2008 12:45PM

MS is pretty much flat from 07
1st year 60/80/100
2nd year 80/100/120

Posted by guest , Jun 24, 2008 1:35PM

JPM 2nd year numbers are "around 100".

Posted by guest , Jun 24, 2008 2:00PM

@12:11 What bank?

Posted by guest , Jun 24, 2008 4:23PM

A friend (2nd year M&A-analyst) at Deutsche in London said he is expecting 55-60 GBP for top bucket. You guys thing that#s reasonable

Posted by guest , Jun 24, 2008 5:28PM

@1:5PM

The JPM number of ~100k is the 2nd year high-end. Low-end is really low.

Posted by guest , Jun 24, 2008 5:36PM

@5:28 How low?

Posted by guest , Jun 24, 2008 6:12PM

stop freaking out everyone. it is what it is and we should be grateful to still have a job. wait till your number comes out and stop spreading all these rumors

Posted by guest , Jun 24, 2008 6:16PM

agreed wtf is the point of speculating? you'll get what you'll get.

Posted by guest , Jun 24, 2008 6:17PM

unless the people deciding numbers read dealbreaker and are swayed one way another by the discussions, which would be hilarious.

Posted by guest , Jun 24, 2008 6:18PM

@617 hah

Posted by guest , Jun 24, 2008 9:37PM

to hell with them, rumor me damn it

Posted by guest , Jun 24, 2008 11:32PM

It's not necessarily speculation. Group managers often get preliminary numbers a week or so in advance, and some of them give guidance some guidance to their analysts.

That being said, final numbers are out in 2 days. If you don't want to speculate, don't visit this page and wait 2 days. Plain and simple.

Posted by guest , Jun 25, 2008 12:22AM

Lehman: 40/55/60

Posted by guest , Jun 25, 2008 4:03AM

Lehman doesn't find out until Friday.

Posted by guest , Jun 25, 2008 7:34AM

I heard that there will be a round of layoffs Thursday to avoid paying ANY bonus'. Friday will turn into layoff day as well for many of you....as severance rules over bonus'.

Sorry chaps, thats the way MDs roll.

Posted by guest , Jun 25, 2008 9:42AM

lazard 2nd year top is 85K. you can call the company to verify. it's a fact and i confirmed with hr to make sure that i was top bucket. so my question is how can jpm or anyone else with the exception of perhaps gs pay significantly higher than lazard? real jpm people, let me know if your top 2nd yrs in ibd actually received 100K but i am very skeptical because during my review, hr told me that they went to great lengths to stay extremely competitive with the top performing banks this year (and i mean laz is definitely in better shape than most bbs - we're actually still hiring more analysts... not firing); and their intelligence leads them to believe that avg bb comp is ~30% down this year. Or, perhaps the firm is completely screwing us over which is also a definite possibility. Any honest insight would be appreciated.

Posted by guest , Jun 25, 2008 9:59AM

Is this a joke? how can you compare middle market or perhap boutique investment bank like lazard to BB firms?
it's ridiculous.

Posted by guest , Jun 25, 2008 10:01AM

I just called lazards and they said they dont release comp info.

why dont you prove what you said and post a copy of your payment stub.

post your review as well so we can see what sort of dopey douchebag writes about a firm like you did

Posted by guest , Jun 25, 2008 10:06AM

Laz had nowhere to go since it is already in negative equity, there is no shareholder value to destroy anyway after Bruce raped the company. That guy is awesome.

Posted by guest , Jun 25, 2008 11:25AM

ok tse tse flies...
laz vs. bb? a) oh yeah, of course we're not comparable. our current fwd pe multiple is at 20x whereas your bank is at "NM". It's okay, we like to make shit tons of money by advising your sorry asses in restructuring. Unlike bbs we didn't have to write down half of our assets and aren't firing whole divisions / 20% of the shitty ass people who don't do anything at your banks anyway. b)lazard has historically paid top range of street for a long time (w/r/t analyst comp) c)@10:01 you're retarded and must work for Goldman Sachs - Copy Center division, or maybe at black & decker corp. fin. if you don't know that bonuses hit the next pay cycle after you VERBALLY receive your number you fking dipshit. I will gladly fedex you a copy of my paystub on July 15th. Send me your address (do you live in NJ or the Bronx?). d) I'm the dopey douchebag from a "middle market boutique shop" who is going to a top 10 pe gig in August with a pay package that's greater than your bb bs vps next year. btw. I will definitely be that dbag pe associate who will make a poor 1st year bb analyst from Harvard handspread 50 comps starting friday at 5pm. I will also send you my fucking offer letter just so that you fully understand that I am superior to you. e) I don't need to post my review. 85K (as crappy as that number is) confirmed top bucket says it all. f) don't fking cry when you get your review this friday from your md and the number is 2 cents: "pack your bags and your 1 dealtoy and get da fuck out because you're fired!"

Posted by guest , Jun 25, 2008 11:36AM

@11:25: Stop bragging and shut up before Papa Bear buys your sorry ass bank too.

Posted by guest , Jun 25, 2008 11:41AM

hahahahahhahahahahaha
11:25 - you are awesome.
Wow, posts like that are exactly what I love about DB...

Posted by guest , Jun 25, 2008 11:45AM

I'm hearing 40/45/55, but I hear that UBS is trying to keep top people with retention packages too. Unfortunately, there is truth to rumors about layoffs tomorrow and Friday.

Posted by guest , Jun 25, 2008 11:46AM

Definately expect Layoffs right before bonus time that way they can pay a shitty bonus, couple it with some severance and send you packing with a smile on your face after they make you feel all warm and fuzzy and tell you what a great separation package they are giving you!

Posted by guest , Jun 25, 2008 12:00PM

11:25 - ur my hero. ur bank is trading at "NM" that's classic.

Posted by guest , Jun 25, 2008 12:10PM

@11:25 nice. i like. And i even work for a bb. haahaaaahaaa best response i've read in a long time. we're really screwed this year heh? gonna make less this year than i did as my first year.

Posted by guest , Jun 25, 2008 1:29PM

I heard 40/55/70

but I'm getting 100 as a first year cuz I'm a rainmaker

Posted by guest , Jun 25, 2008 2:03PM

@ 1:29

Does that 100 include your severance and unused vacation pay?? :)

Posted by guest , Jun 25, 2008 5:33PM

I heard from this dude at Pierce & Pierce that if he doesn't clear 100k he's gonna kill someone.

Posted by guest , Jun 25, 2008 6:17PM

Yeah I told him to calm down and listen to some Huey Lewis.

Posted by guest , Jun 25, 2008 8:01PM

40.50.60 at Merrill

Posted by guest , Jun 25, 2008 8:04PM

Shit! I just got pink slipped! There goes my summer in da Hamptons. Coney Island here I come!

Posted by guest , Jun 25, 2008 8:25PM

Just got numbers from CS

10/20/30...I want to kill myself

Posted by guest , Jun 25, 2008 9:42PM

Goldman lowballed: (30,40,50)

lord help us

Posted by guest , Jun 25, 2008 9:48PM

Do you guys get off by making up shit numbers and posting it here to scare others?

Posted by guest , Jun 25, 2008 10:35PM

@ 11.25

congratulations. you are still 5'4"

(bonus points for the entourage reference though)

Posted by guest , Jun 25, 2008 11:07PM

Citi is 5/10/15 (top buckets)

Posted by guest , Jun 25, 2008 11:33PM

jp paid 10/20/40...

Posted by guest , Jun 25, 2008 11:56PM

11:33 - i know for a fact that you DO NOT party!

Posted by guest , Jun 25, 2008 11:56PM

I got a rock :(

Posted by guest , Jun 25, 2008 11:57PM

morgan stanley compensation:

1st year top tier - 5 shares of ms stock backdated to june 15, 2007, and a $25 seamless web dinner credit

2nd year top tier - 1 pair of aldos and 1 off-the-rack double breasted men's wearhouse suit

3rd year top tier - a basket full of subprime mortgages

Posted by guest , Jun 26, 2008 12:10AM

i got a chia pet and a capitaliq password.

Posted by guest , Jun 26, 2008 12:32AM

45/65/70 at Lehman

Posted by guest , Jun 26, 2008 3:30AM

1st yr:
20 - 40

2nd yr:
40 - 60

3rd yr:
60 - 80

at a BB, confirmed

Posted by guest , Jun 26, 2008 3:30AM

1st yr:
20 - 40

2nd yr:
40 - 60

3rd yr:
60 - 80

at a BB, confirmed

Posted by guest , Jun 26, 2008 7:03AM

@12:32... i wish/hope/pray those are Lehman's #s, 1st yrs don't find out until tomorrow at the earliest tho... where did you get those #s?

Posted by guest , Jun 26, 2008 9:57AM

hearing rumors of 70k top at JPM IB for 1st years, can anyone confirm

Posted by guest , Jun 26, 2008 10:04AM

Heard ZERO for first years and be happy not to be unemployed.

Maybe 30 for 3rd years who have clean hands

Posted by guest , Jun 26, 2008 10:14AM

@9:57 yeah i heard that too but that doesn't matter. like 1 out of 10 are getting top bucket and the rest are getting like 55K or below.

Posted by guest , Jun 26, 2008 10:20AM

I just got my number. I'm going to have to re-route my summer vaca plans from St. Tropez to the Jersey Shore. God help me! 65K middle bucket 2nd year at bb. also there's like 6 buckets this year not 3. gl to u all...

Posted by guest , Jun 26, 2008 10:21AM

also heard 70k JPM first year-top

Posted by guest , Jun 26, 2008 10:26AM

@10:20 what bank? what was the low to high?

Posted by guest , Jun 26, 2008 10:28AM

i can say some numbers too.

27, 46, 76...

umm, confirmed.

Posted by guest , Jun 26, 2008 10:28AM

10:14. yeah that's more what i'm worried about. i only know of 2 (out of 10+) 2nd / 3rd years who actually got top bucket. what's the range between each of the buckets supposed to be?

Posted by guest , Jun 26, 2008 10:31AM

JPM 45/55/70

Posted by guest , Jun 26, 2008 10:37AM

10:26 - Lehman. not quite sure of the range as the data points are still flowing in but my friend thinks he got 2nd bucket and got 72K as 2nd year and another guy i know who checked out a bit early in terms of performance got 45K as a 2nd year!!! don't know any top bucket numbers yet but i also heard that very very few people are getting top bucket this year (not like last year where like one-third would get top bucket).

nutz n bolts, nutz n bolts, we got screwed!!!!

Posted by guest , Jun 26, 2008 10:42AM

@10:31 I assume this is 1st year JPM, can you confirm that they only have 3 buckets?

Posted by guest , Jun 26, 2008 10:49AM

If you get crap numbers, just do a Homer and slack off, browse the net, urinate in the coffee pot, etc.

For those with more commitment to the cause, here's a few entertaining ideas:

- for guys, every time you are asked to do something, grab your balls as you say "got you on that". Throw in a few random high-fives now and then post-ball grabbing

- use internal mail with a fake sender to distribute ultra ribbed/studded condoms to MDs and above. Send tiny ones to selected recipients.

- demonstrate your 'O'-face more often. In the lift.

- spread faeces all over the toilet cubicle just before a big client meeting

- photoshop some compromising images of management then submit them to hardcore gay dating sites along with the person's email address

- have the company's logo etched on some butt plugs and leave one on the desk of a more naive manager. Send the others to clients.

Come on, get creative people. It doesn't matter any more!

Posted by guest , Jun 26, 2008 10:50AM

45K as 2nd year!!! wow i'd rather have taken a job as a management consultant!

Posted by guest , Jun 26, 2008 10:57AM

They may take my bonus, but they can't take my dignity. I shall smear my naked body in feces and roll around the lobby.

Posted by guest , Jun 26, 2008 11:05AM

Any more news on layoffs?

Posted by guest , Jun 26, 2008 11:19AM

who cares about layoffs... i want to know if i can still pop bottles or not

Posted by guest , Jun 26, 2008 11:26AM

seriously if my bonus is less than 50k im gonna have to start popping absolut instead of goose

Posted by guest , Jun 26, 2008 11:26AM

seriously if my bonus is less than 50k im gonna have to start popping absolut instead of goose

Posted by guest , Jun 26, 2008 11:27AM

seriously if my bonus is less than 50k im gonna have to start popping absolut instead of goose

Posted by guest , Jun 26, 2008 11:46AM

absolut? bottles? i'm gonna have to downgrade to wine coolers and mike's hard at dive bars.

Posted by guest , Jun 26, 2008 11:49AM

Any word on your 3rd yr brethren?
-JE
[3rd Yr. at Merchant Bank "Comped to the Street"]

--- Great E-mail from a Wachovia 2nd Yr---
Hot Intel!

1st year top tier - 5 shares of WB stock backdated to june 15, 2007, and a $25 seamless web dinner credit

2nd year top tier - 1 pair of aldos and 1 off-the-rack double breasted men's wearhouse suit

3rd year top tier - a $50 Carabas gift card

Posted by guest , Jun 26, 2008 11:50AM

Any word on your 3rd yr brethren?
-JE
[3rd Yr. at Merchant Bank "Comped to the Street"]

--- Great E-mail from a Wachovia 2nd Yr---
Hot Intel!

1st year top tier - 5 shares of WB stock backdated to june 15, 2007, and a $25 seamless web dinner credit

2nd year top tier - 1 pair of aldos and 1 off-the-rack double breasted men's wearhouse suit

3rd year top tier - a $50 Carabas gift card

Posted by guest , Jun 26, 2008 11:51AM

Any word on your 3rd yr brethren?
-JE
[3rd Yr. at Mid-Market PE - "Comped to the Street"]

--- Great E-mail from a Wachovia 2nd Yr---
Hot Intel!

1st year top tier - 5 shares of WB stock backdated to june 15, 2007, and a $25 seamless web dinner credit

2nd year top tier - 1 pair of aldos and 1 off-the-rack double breasted men's wearhouse suit

3rd year top tier - a $50 Carabas gift card

Posted by guest , Jun 26, 2008 11:51AM

i dont care to hear about bonuses for bank tellers

Posted by guest , Jun 26, 2008 12:03PM

latest news on wachovia -
i heard direct promotes from 3rd years get free checking for a year...

Posted by guest , Jun 26, 2008 12:20PM

BB 3rd year: 10/20/30

Posted by guest , Jun 26, 2008 12:32PM

@ 1220, that joke wasnt funny the first 6 times people tried it

Posted by guest , Jun 26, 2008 12:35PM

@ 11:46

Uhhhh, since when is going from absolut to "Da Hard" a downgrade.

Posted by guest , Jun 26, 2008 1:16PM

@ 1232, yes it was

Posted by guest , Jun 26, 2008 2:23PM

anyone else have some info?

Posted by guest , Jun 26, 2008 2:24PM

billy likes soda

Posted by guest , Jun 26, 2008 2:24PM

miss lippy's car is green

Posted by guest , Jun 26, 2008 2:45PM

the goat is brown
the tree is gold
and i went to brown

Posted by guest , Jun 26, 2008 3:15PM

a friend of mine at a fellow BB just said he got 2nd bucket as a 2nd yr and got 80k... not sure what top was, but I assume it was 90k...

Posted by guest , Jun 26, 2008 4:50PM

jpm 1y ib 44/55/70 100% confirmed

Posted by guest , Jun 26, 2008 5:09PM

@10:49 - Why hasn't anyone commented on how hilarious that was? In tears in my cube...(good practice for when I get my number)

Posted by guest , Jun 26, 2008 5:14PM

jpm 2y ib $80

Posted by guest , Jun 26, 2008 6:14PM

BofA ECM - 65/75/85 for first year analysts, 110% confirmed

Posted by guest , Jun 26, 2008 6:21PM

bofa doesnt get numbers until monday, 6:14.

Posted by guest , Jun 26, 2008 6:24PM

Does anyone have any CONFIRMED info on middle markets?

Posted by guest , Jun 26, 2008 6:25PM

Does anyone have any CONFIRMED info on middle markets?

Posted by guest , Jun 26, 2008 6:31PM

What is a middle market?

Posted by guest , Jun 26, 2008 6:39PM

mm i-banks (they are in the middle, between bb and boutique)

Posted by guest , Jun 26, 2008 7:02PM

like the minor leagues?

Posted by guest , Jun 26, 2008 7:19PM

JPM 3rd year: 44/55/70

confirmed. focker, out!

Posted by guest , Jun 26, 2008 7:20PM

bofa analysts will get food stamps and welfare cheese made by red rocketing dogs. 115% confirmed.

Posted by guest , Jun 26, 2008 7:26PM

BofA ECM top bucket = GS assistant's winter bonus.

Posted by guest , Jun 26, 2008 7:32PM

@ 7:20 red rocket red rocket... make milk come out of dogs! haaaha.

Posted by guest , Jun 27, 2008 12:27AM

I can't wait till morning!!!!!!!

Posted by guest , Jun 27, 2008 12:28AM

I'm so psyched about tomorrow that I'm not even going to leave the office today!!!!! Oh wait, that's what I do everyday. :(

Posted by guest , Jun 27, 2008 1:24AM

Got a lousy $35k bonus. Can't do this any more. My nights and weekends are worth more...sucks!

Posted by guest , Jun 27, 2008 6:05AM

Severance pay of $280k for a 3rd year analyst in IBD confirmed at a European bank.... :)

Posted by guest , Jun 27, 2008 8:44AM

280k severance?? Fark me! Well done dude.

Posted by guest , Jun 27, 2008 8:48AM

What a bunch of PIKERS!!!

Posted by guest , Jun 27, 2008 9:22AM

ding. ding. ding... opening/closing bell for many today. let's hear some real #s by lunch. get mine in 4 hours.

Posted by guest , Jun 27, 2008 9:43AM

citi ecm -35%

Posted by guest , Jun 27, 2008 9:43AM

citi ecm 1y -35%

Posted by guest , Jun 27, 2008 9:48AM

I don't care about bonus anymore. I just want to die.

Posted by guest , Jun 27, 2008 9:56AM

jpm ibd - 2nd year somewhere in the middle range - 70K kill me... i'm out biitches! let go drink now. scores is open, right?

Posted by guest , Jun 27, 2008 10:04AM

so seems like jpm 2nd years are definitely in the $70-80 range

Posted by guest , Jun 27, 2008 10:07AM

Wachovia IB top tier 1y $45k

Posted by guest , Jun 27, 2008 10:15AM

@ 10:07
You're joking right? No way that's top bucket.

Posted by guest , Jun 27, 2008 10:31AM

That is top bucket my friend...everyone is fucked in IB...

Posted by guest , Jun 27, 2008 10:39AM

Some of these numbers are so ridiculously false. This whole discussion, while addictive (I'll admit that I've been following this page closely...) is pretty much worthless for finding out reliable info, because nobody can actually "CONFIRM" anything over an anonymous web post.

That being said, top 1st years at JPMorgan were around 70K ("Confirmed" for whatever the f*ck that's worth). 3rd years topped out around 110K (although with 3rd years there are other factors that are important and not represented in a straight bonus figure - like base salary increases and signing bonuses for A-to-A). The first years at JPM had a big range from bottom to top performance - so figures from the "middle range" at most of the top banks probably aren't very helpful.

To be honest, I think the marginal differentials between bonuses at these banks - while apparently pretty significant - are eclipsed by the broader question of what is going to HAPPEN to many of these firms long-term.

Posted by guest , Jun 27, 2008 10:51AM

Well said, I can tell you one thing I'd be willing to bet WB won't survive this shit storm.

Posted by guest , Jun 27, 2008 10:54AM

10:39, most reasonable post on here... well, aside from that Lazard guy.

Posted by guest , Jun 27, 2008 10:56AM

citi s&T finds out this am/afternoon...anyone who works there pls post #s when u get em

Posted by guest , Jun 27, 2008 11:03AM

i got 75K jpm 2nd year. i think it's close to top bucket. didn't even realize we can ask during the interview. haven't heard anyone with top bucket yet. don't think there's a lot of them this year.

Posted by guest , Jun 27, 2008 11:16AM

Wow, that is terrible...

Posted by guest , Jun 27, 2008 11:26AM

also got 75K 2nd year (jpm) you would have to be a super duper bsd 1st year to get 70K as a first year (i'm just assumping) because my reviews were pretty strong but not top bucket. i heard three of my colleagues getting 80K but haven't heard anything higher yet; don't think any of us were all top top bucket this year though so not sure what high end 2nd year will be. good luck.

Posted by guest , Jun 27, 2008 11:31AM

yeah. most firms will usually fuck outbound 2nd years with some form of middle bucket. no reason to pay top bucket unless you're doing a 3rd year or really busted your ass until late june (which anybody with a decent buyside job would probably not)...

Posted by guest , Jun 27, 2008 11:36AM

JPM 2nd year here. not top bucket but close. 80K is the number.

Posted by guest , Jun 27, 2008 11:37AM

i'd have to say that lazard guy was right though. 85K top for our firm 2nd year. i got 75K and they told me mid 2nd bucket out of "many". i know one other guy in another group at laz with 85K though and he said that that's supposedly top bucket for the firm this year. review also strangely mentioned how bbs are down around 30% from last year. don't know why they would say that. o well. 20K below last years pay kinda blows but what can you do.

Posted by guest , Jun 27, 2008 11:42AM

JPM 2nd - also got 75K. are they all just giving us middle bucket unless you were on all 4s all year long? overall pretty favorable reviews. never asked what bucket i'm in.

Posted by guest , Jun 27, 2008 11:44AM

does that mean 1st year bonuses are somewhere in the 55-60k range for top bucket 1st years?

Posted by guest , Jun 27, 2008 11:44AM

so nobody with 100K for 2nd years yet huh?

Posted by guest , Jun 27, 2008 11:51AM

nope. i don't know of a single 3rd year with 100K+ bonus yet...

Posted by guest , Jun 27, 2008 11:55AM

agree. i think it's a question whether even 3rd years broke $100k.

Posted by guest , Jun 27, 2008 12:26PM

any word from WB 2nd and 3rd years?

Posted by guest , Jun 27, 2008 12:40PM

Come on people, POST YOUR NUMBERS. Now!!!

Posted by guest , Jun 27, 2008 12:41PM

Come on people, POST YOUR NUMBERS. Now!!!

Posted by guest , Jun 27, 2008 12:43PM

08' numbers are on par with 06' numbers and below 07' number

Posted by guest , Jun 27, 2008 1:27PM

Citi: Top 1st yr. 65K. Second bucket 1st year 58K. Just received the news this morning. you can confirm with any citi ib employee.

Posted by guest , Jun 27, 2008 1:33PM

Got $35k at Citi.

Posted by guest , Jun 27, 2008 1:57PM

Are JPM and Citi the only banks giving out numbers today?

Posted by guest , Jun 27, 2008 2:18PM

(1) Isn't Lehman giving numbers today? If so, pls post!!
(2) Does anyone work at Wachovia? Any info on 2nd and 3rd years at WB???
(3) POST!!! NOW!!!!
Thank you!!!!!!!!!!!!!!

Posted by guest , Jun 27, 2008 2:20PM

Pretty sad when IB associates are making the same as Sanitation Workers!

Posted by guest , Jun 27, 2008 2:35PM

$42k at JP

Posted by guest , Jun 27, 2008 2:37PM

Need to ask a dumb question:

Do you guys in IB receive a June Bonus and December Bonus or is this your entire year bonus now?

Posted by guest , Jun 27, 2008 2:38PM

Entire.

Posted by guest , Jun 27, 2008 2:40PM

@2:38

Why dont IB associates get their bonus at year-end like everyone else?

Posted by guest , Jun 27, 2008 2:58PM

Lehman 2nd year: top is $85 and third bucket is $55. does anybody know what second bucket is? (guessing $70)

Posted by guest , Jun 27, 2008 3:11PM

Why are people asking about Wachovia's Bonus numbers...

Thats like trying to find out a Waiter's salary by asking a McDonald's janitor.

A "Top Tier" at Wachovia is like Mail Room anywhere else... I wouldnt be surprised if they got bubble wrap as a bonus so their picture frames are intact when they leave.

Posted by guest , Jun 27, 2008 3:22PM

Can we even call Wachovia employees Bankers?

I agree with @3:11, comps of Wachovia/Jefferies/ING is like inquiring about a supermodel's pay by asking a porn star what her rate for interracial double anal is

Posted by guest , Jun 27, 2008 3:35PM

wachovia 2nd year top tier here, i got 80

Posted by guest , Jun 27, 2008 3:37PM

Curious, what separates say a top tier from a middle tier analyst level banker?

Posted by guest , Jun 27, 2008 3:39PM

Hahaha... interracial double anal. That what those citi IBs feel like they just had this past year, huh?

Posted by guest , Jun 27, 2008 3:42PM

@ 3:37

Foot size of course

Top Tier = Size 11 1/2 - 13+
Middle Tier = Size 9 1/2 - 11
Lower Tier = Below Size 9 1/2

Posted by guest , Jun 27, 2008 3:43PM

DOUBLE ANAL??

cmon that's gotta pay pretty well

Posted by guest , Jun 27, 2008 3:57PM

Me: MM 3rd yr: 85. Less than my first year, which feels great. Direct-promote. Base still five figures.

Posted by guest , Jun 27, 2008 3:58PM

@ 3:57

And what size are your feet?

Posted by guest , Jun 27, 2008 4:19PM

Citi #

Top 3rd - 105
Top 2nd - 85
Top 1st - 65

Posted by guest , Jun 27, 2008 4:23PM

4:19: What year for those numbers?

Posted by guest , Jun 27, 2008 4:25PM

Citi 2nd yr: 65k was middle bucket, 75k was top.

Posted by guest , Jun 27, 2008 4:26PM

4:23

Top for each year guy....

Posted by guest , Jun 27, 2008 4:33PM

Five tiers at Citi. $65 top, $53 2nd, $25 or $35 middle, $10 4th, 2 months bottom

Confirmed from coworker with roommate there

Posted by guest , Jun 27, 2008 4:34PM

@4:33, what year is that?

Posted by guest , Jun 27, 2008 4:38PM

4:33: first years, have not heard about second years yet but another coworker who used to work there says $80 top, $65 or 70 middle; third years $105 top and $90 middle although I find the third year numbers VERY hard to believe

Posted by guest , Jun 27, 2008 4:57PM

What's the mood like? Are people looking reasonably happy, or totally disgruntled?

Posted by guest , Jun 27, 2008 5:23PM

Just got my number...

Waiting for the next Fashion Meets Finance event to find myself a summer sugar mama.

Posted by guest , Jun 27, 2008 5:43PM

Maybe you all deserve your low bonuses, going home at 5 on a Friday and all.

Thankfully we still have business (i.e. are profitable) and therefore money to pay out. Pretty cool concept, eh?

Posted by guest , Jun 27, 2008 5:52PM

Citi London (numbers are in GBP)

1st year (£36 base)
35
27
16
?

2nd year (£45 base)
44
41
36
31
25
16

3rd year (£50 base)
61
59
51
?
?

Posted by guest , Jun 27, 2008 5:56PM

LEH 3rd yr, second tier - $100

Posted by guest , Jun 27, 2008 5:56PM

LEH 3rd yr, second tier (of 4) - $100

Posted by guest , Jun 27, 2008 6:03PM

@5:56 - are those numbers real? what about 2nd years?

Posted by guest , Jun 27, 2008 6:08PM

@6:03, yes that is confirmed. 2nd yr top was 85. I believe 3rd yr top was 110.

Posted by guest , Jun 27, 2008 6:15PM

@6:08 - do you know what the buckets were for lehman 2nd years?

Posted by guest , Jun 27, 2008 6:52PM

I saw a girl almost in tears. The capital markets desk is all slumped over. Have a nice weekend!

Posted by guest , Jun 27, 2008 7:18PM

Wachovia: $40K, $60K, $80K for top-tier 1st, 2nd, and 3rd years.

Posted by guest , Jun 27, 2008 7:22PM

ouch. my girlfriend is going to dump me.

Posted by guest , Jun 27, 2008 8:35PM

@6:15. i believe the buckets for 2nd years were 85-75-55 and a fourth bucket im not sure about

Posted by guest , Jun 27, 2008 8:51PM

@2:40 - get off this site. you are obviously not in banking - why do you care? These are all analysts on this board, not associates. Associates do get paid at year-end like everyone; it's analysts who get paid in the summer.

Posted by guest , Jun 27, 2008 8:53PM

@3:35 - thanks! and why are people so bitter about my asking about WB???? must be the citi 1st years who got axed and have nothing better to do...

Posted by guest , Jun 28, 2008 3:24AM

ahahaha I'm in IT and I get done up butthole every year at bonus time. From experience I can tell you that the pain and anger rarely persist beyond the first few weeks. Then you settle into a haunting bitterness for the rest of the year.

Posted by guest , Jun 28, 2008 5:33AM

don't know a single 3rd year who actually got above 100K. supposedly 105K to 110K was top bucket for 3rd years this year.

Posted by guest , Jun 28, 2008 11:00AM

LEH 1st yr: $55/$60/$65

Posted by guest , Jun 28, 2008 12:47PM

LEH 1st yr IBD topped out 60-65
LEH 1st yr S&T topped out 50-55

needless to say these were the lowest tiers last year

Posted by guest , Jun 28, 2008 3:55PM

I'm at LEH s&t 1st yr and got 54k. I wasn't told what bucket I was, but I assumed at the time it wasn't top. Maybe it was, I don't know. Haven't heard anyone else getting higher than me, but did hear of other analysts getting lower.

Posted by guest , Jun 29, 2008 1:42AM

Anything more from UBS?

I'm trying to work out what's going with UBS. There's strong rumors of another massive write-off, a possible loss of its banking license in the U.S., accelerating client defections, more senior departures (some making quiet arrangements to relocate offshore) ...

With all this going on, what happened with bonuses??

Posted by guest , Jun 29, 2008 4:36AM

@ 3:55 what other specific #s did you hear? how low?

Posted by guest , Jun 29, 2008 1:19PM

barcap lev fin numbers confirmed - 1st year 45/55/60K, 2nd year 75/85K and 3rd year at 95K.

Posted by guest , Jun 29, 2008 1:19PM

barcap lev fin numbers confirmed - 1st year 45/55/60K, 2nd year 75/85K and 3rd year at 95K.

Posted by guest , Jun 29, 2008 1:19PM

barcap lev fin numbers confirmed - 1st year 45/55/60K, 2nd year 75/85K and 3rd year at 95K.

Posted by guest , Jun 29, 2008 1:19PM

barcap lev fin numbers confirmed - 1st year 45/55/60K, 2nd year 75/85K and 3rd year at 95K.

Posted by guest , Jun 29, 2008 5:28PM

UBS analysts won't get numbers until Monday.

Posted by guest , Jun 29, 2008 7:33PM

State of DE = $0

Posted by guest , Jun 30, 2008 5:14AM

Announced today that UBS staff get an extra bonus... paid in leave.

Posted by guest , Jun 30, 2008 9:04AM

I heard UBS is today. Any idea of when DB annouce their number?

Posted by guest , Jun 30, 2008 9:15AM

$475,000 2nd year hedge fund bonus...mostly short banks, brokers and real estate, thanks guys, couldnt do it with out you....

Posted by guest , Jun 30, 2008 9:21AM

bofa reports today.. im middle tier and got 45k

Posted by guest , Jun 30, 2008 9:22AM

bofa reports today.. im middle tier and got 45k s&t

Posted by guest , Jun 30, 2008 10:30AM

@9:22, what year are you?

Posted by guest , Jun 30, 2008 10:42AM

Wachovia 3rd years got as high as 100K. Some first years got next to nothing.

Posted by guest , Jun 30, 2008 12:27PM

3rd year >$70K

Posted by guest , Jun 30, 2008 12:28PM

3rd year >$70K

Posted by guest , Jun 30, 2008 1:09PM

UBS numbers? Maybe the tears have short-circuited their keyboards. Or they're drowning their sorrows somewhere.

Posted by guest , Jun 30, 2008 1:27PM

any more info out of b of a

Posted by guest , Jun 30, 2008 1:27PM

any more info out of b of a

Posted by guest , Jun 30, 2008 1:31PM

UBS 1st Years, 35-65

Posted by guest , Jun 30, 2008 1:35PM

depressing

Posted by guest , Jun 30, 2008 1:45PM

It's surprising UBS still handouts bonus despite being on the verge of collapsing. It looks no one heard anything from Deutsche bank and MS?

What's going on over there? When do you guys expect to hear the number?

I'm a 2nd year at leh and got $75k.

Posted by guest , Jun 30, 2008 1:46PM

i was laid off (i.e. bottom bucket) at WB and got $19k...fuck I-banking

Posted by guest , Jun 30, 2008 1:48PM

DB will come out on Wednesday!

Any figures form MS or GS yet?

Posted by guest , Jun 30, 2008 1:54PM

and no one else heard anything from bofa...what are they waiting for

Posted by guest , Jun 30, 2008 4:24PM

Two 3rd years received $100K at WB (direct promotes). The rest of the 3rd years were between $70K-$80K. (most 1st years received close to nothing but were able to keep their job)

This is 3 years in a row Wachovia has been under the Street median. I guess UNC doesn't teach statistics.

Posted by guest , Jun 30, 2008 4:43PM

Any bank whose main North American investment banking operations are NOT in nyc shouldn't be a part of this discussion.

Posted by guest , Jun 30, 2008 5:10PM

BofA 2nd year mid range IBD 60k

cannot comment on 1st or 3rd year, cannot comment on low or high range

Posted by guest , Jun 30, 2008 5:13PM

I am Chris HE

My year has been a living hell.

1) No one likes me (3 out of the 4 people sitting near me have left the firm, the third is moving to the other side of the partitition to put further distance between us)

2) All I get to do is leftover work that the PA's cant be bother to do

3) Even though i work hard and often come in on the weekends to "check some work", I get blasted by my colleagues for being sad.

I don't want a bonus - I want to die.

Posted by guest , Jun 30, 2008 5:18PM

@ 4:24, you sound bitter.

Most WB 3rd years got above 90K. Have not heard of anyone who got less than 85K. 1st years were SOL.

Posted by guest , Jun 30, 2008 6:03PM

Where are the rest of the BofA numbers???

Posted by guest , Jun 30, 2008 7:26PM

UBS is in no way on the verge of collapsing. It took its writedowns early, has more assets than any other bank to fall back on, and the strongest asset management division of anyone out there. I'm surprised Lehman can still pay salaries.

Posted by guest , Jun 30, 2008 8:05PM

BofA 2nd year got $80. To the best of my knowledge it’s top.

Posted by guest , Jun 30, 2008 9:22PM

I'm 1st year ER associate at Wachovia. My bonus in Feb was 50K. No idea what it will be this year...but hoping for flat since our group is pulling down deals.

Posted by guest , Jun 30, 2008 10:31PM

LEH bonses -50% from last year. Is this same for other BBs? Wonder if any poitn staying or their way of hoping people leave so not have to pay more severanvce.

Posted by guest , Jun 30, 2008 10:51PM

ubs first year mid bucket IBD 60k

Posted by guest , Jun 30, 2008 10:51PM

BOFA EQUITY RESEARCH (ENERGY)

1ST YR- 45-65
2ND YR- 65-80
3RD YR- 80-110

Posted by guest , Jun 30, 2008 11:22PM

Banks learned their lessons from the recession in early 2000s. This time around they kept pay high (maybe not as high as last year) but cut all the fat by firing poor performers. These numbers are still huge by any measure for 22 and 23 year old kids. The real poor smucks in this case are any analysts who got fired. No firms are going to touch them, no head hunters are going to pass their resumes through. If I was an analyst at any level and lost my job from getting the ax I would seriously consider a career switch, you have no future in anything finance related for at least 2-3 years until all this excess supply of finance geeks gets absorbed into the market.

p.s., I'm a 2nd year banking analyst at LEH and got 64k

Posted by guest , Jun 30, 2008 11:22PM

Banks learned their lesson from the recession in early 2000s. This time around they kept pay high (maybe not as high as last year) but cut all the fat by firing poor performers. These numbers are still huge by any measure for 22 and 23 year old kids. The real poor smucks in this case are any analysts who got fired. No firms are going to touch them, no head hunters are going to pass their resumes through. If I was an analyst at any level and lost my job from getting the ax I would seriously consider a career switch, you have no future in anything finance related for at least 2-3 years until all this excess supply of finance geeks gets absorbed into the market.

p.s., I'm a 2nd year banking analyst at LEH and got 64k

Posted by guest , Jun 30, 2008 11:32PM

11:22 - You don't even know what you're talking about! I got laid off but I'm out there with my resume in hand and have gotten at least 3 initial interviews; 1 looks like I may get a second round. I am not "tainted" and people are talking to me. I'm a hard worker who got caught in a very difficult market and over time I will be rewarded by my hard work when the market stabilizes so you can shove it. You're post really angers me

Posted by guest , Jul 01, 2008 12:07AM

Hey dick wad, when Lehman finally goes bust and you get the ax are you going to follow your own advice and make a career switch? FYI, this is coming from an employed banker at a bb awaiting bonus, jus in case you think I am out there with a cup in my hand trying to side with 11:32...pricks like you are what's wrong with our analyst classes. It is entirely possible to be a BSD and just be in the wrong group at the wrong time. 64K? That's the high end of the 2007 class...ha good job chief, sounds more like a 2yr exit package to me...

Posted by guest , Jul 01, 2008 1:16AM

BofA still has an energy ER group? Thought they all got canned...

Posted by guest , Jul 01, 2008 8:52AM

Anyone thinking of resigning after getting the bonus? Or will people soldier on with their current employer?

Posted by guest , Jul 01, 2008 9:07AM

supposedly Credit Suisse delayed their bonuses this yr for affect. Everyone's numbers are coming in low and CS is going to come in and triple the payouts. Just what I'm hearing.

Posted by guest , Jul 01, 2008 9:23AM

heard the same thing, and with regards to the previous question, if it turns out tob e true i'm totally moving to CS

Posted by guest , Jul 01, 2008 9:48AM

@11.32--they're just finding out whats going on at your ex and what customers are doing. No one is hiring

@12.07--the world is cratering dude, and you're the guy falling in to a sink hole.

@8.52--if you got a shitty bonus this year, you'll be fired shortly. Grad schools are filling up quickly

@9.07--wishful thinking. CS cancelled their bonus. NO BONUS FOR YOU (no soup either)

Posted by guest , Jul 01, 2008 10:06AM

i actually heard the same thing about CS, that they're going to be competing with goldman and JP for tops this year. Heard they are tying to come out of this as the bank of choice in a year

Posted by guest , Jul 01, 2008 11:55AM

CS is a joke, they can't do anything to change that.

Posted by guest , Jul 01, 2008 12:32PM

9:48 "in to" is one word. I see why you got the 64K 2yr payout; I have some friends from bear that you can hang out with once Lehman falls into the "sink hole"

Posted by guest , Jul 01, 2008 1:42PM

RBS first year, got $55k

Posted by guest , Jul 01, 2008 2:35PM

Any other RBS info out there ... please

Posted by guest , Jul 01, 2008 2:45PM

How is PE compensation coming out? Technically they would be 3rd and 4th years

Posted by guest , Jul 01, 2008 2:48PM

BofA - 5 tiers
Second years:
Top - $80K, 2nd tier - $74K
Suspect it becomes jumpy as you go down the tiers

Posted by guest , Jul 01, 2008 2:55PM

DB 3rd Year top - 130K
2nd Year top - 95K
1st Year top - 75K

Posted by guest , Jul 01, 2008 3:05PM

2:55 funny, i like the 40K gap between 2 and 3

Posted by guest , Jul 01, 2008 3:07PM

ANY COLOR ON S&T COMP???

Posted by guest , Jul 01, 2008 3:20PM

@2:55 What are the lower and middle buckets?

Posted by guest , Jul 01, 2008 3:21PM

@2:55 is full of it

Posted by guest , Jul 01, 2008 3:30PM

DB 3rd Year top - 30K
2nd Year top - 15K
1st Year top - 5K

Posted by guest , Jul 01, 2008 3:37PM

@ 3:05 - Not full of it. The difference between 3rd and 2nd is actually 35K. And 2+2 = 4. Arithmetic is a wonderful thing.

Posted by guest , Jul 01, 2008 3:41PM

DB 3rd Year top - 105/115/130K
2nd Year top - 75/85/95K
1st Year top - 55/65/75K

Posted by guest , Jul 01, 2008 5:16PM

DB numbers haven't come out yet so you can hold off posting your "rumor" ranges until they do.

Posted by guest , Jul 01, 2008 7:01PM

Heard from Citi S&T 1st year: 35/45/55 No 4th or 5th tier in trading. He said about 10 more for IB sounds right.

@10:51 Those BofA bonus numbers for energy equity research are too high for first years. And where did you even get ranges? Management and HR refuse to disclose ranges to us.

Posted by guest , Jul 01, 2008 7:18PM

LEH S&T Comp seems in line with Citi, this is what it seems to me like roughly:
1st Year 35/45/55K
2nd Year 40/50/60K
3rd Year 45/55/65K

For IB + ~20K I think.

Last year S&T bonuses were >100K, so numbers seem to be down ~50%.

Yeah I can't believe either BOFA 1st yrs in EQR are getting paid more than 2nd yrs in IB at LEH!

Posted by guest , Jul 01, 2008 8:30PM

BOFA historically pays above the street to compensate for worse reputation

Posted by guest , Jul 01, 2008 8:45PM

@ 8:30, Spot on, agreed.

Posted by guest , Jul 01, 2008 8:58PM

3:37 As mentioned, DB doesn't announce yet and so far almost no 3yr has posted over 100K, and yes I realize it's 35k, I was rounding up kiddo, I am glad you could demonstrate to everyone on the board your arithmetic skills, 2+2=4, wow well done.

$20 <-- Here’s twenty bucks, go shine my shoes

Posted by guest , Jul 01, 2008 10:39PM

@8:30, I have to disagree with you. BofA usually pays a $5k discount to the street. This has been true for the past 4 years

Posted by guest , Jul 02, 2008 12:33AM

10:39, i am not 8:30, but no you are wrong, last year for 1yr they topped out at 100K, that was deff above the street...

Posted by guest , Jul 02, 2008 9:50AM

Yes, at least last year, BofA was paying at the top of the street to compensate for rep.

But at least in equity research there is no way that 1st years went up to 65. We are told that the ranges are consistent across the firm from research to trading to banking. But I wouldn't be surprised if research/trading is in the bottom half of the above range @10:51 and banking is in the top of the range.

Posted by guest , Jul 02, 2008 12:00PM

Who cares about research?

Posted by guest , Jul 02, 2008 12:17PM

DB IBD numbers came out today. so far

1st 55k/70k/80k
2nd 75k/90k/100k

Posted by guest , Jul 02, 2008 12:18PM

Screw you guys, I'm joining SocGen.

Posted by guest , Jul 02, 2008 12:29PM

Your mother's llama, Herbert, cares about research.

Posted by guest , Jul 02, 2008 1:06PM

are those DB #s confirmed?? seems high

Posted by guest , Jul 02, 2008 1:16PM

DB 2nd year top bucket US$100k

Posted by guest , Jul 02, 2008 1:17PM

LOL....Those DB numbers are BS!

50-70 1st
65-85 2nd
80-100 3rd

Nice try @12:17

Posted by guest , Jul 02, 2008 1:19PM

have it in front of me. nobody has to believe...

Posted by guest , Jul 02, 2008 1:55PM

12:17 looks fairly accurate. I'm a 2nd year at DB IB and got 100k.

Posted by guest , Jul 02, 2008 2:49PM

Laid off Bear analysts are guaranteed top bucket and making more than JPM analysts who worked a whole year...wtf

Posted by guest , Jul 02, 2008 3:10PM

Official news thread from WSJ:

Lehman employees to get midyear bonuses equal to about 20% of compensation.

Posted by guest , Jul 02, 2008 5:35PM

I work at BofA and we always receive the "BofA discount" at bonus time. It's a no win situation at BofA because a) we have a bad reputation for ibanking, b) we still pay lower than the street, and c) we don't retain analyst talent or grow/promote analysts through the firm.

The only reason I am at BofA is because I couldn't get a job at any other bank except maybe Wachovia or Credit Suisse or some other also ran. That said, the job is no different than anywhere else, you still work on some decent deals while learning a lot and many an analyst colleague have moved into HF/PE. It's just harder than say if you were coming out of a Goldman.

Posted by guest , Jul 02, 2008 5:40PM

Where did you hear that bear stearns laid off analysts are getting top bucket? I highly doubt it..

Posted by guest , Jul 02, 2008 6:11PM

5:35 I agree with you regarding BofA's decision not to retain talent at the analyst level. BofA preferred to keep all the incoming 1st year analysts who have not hit their desks yet while laying off current 1st and 2nd year analysts, many of whom were strong performers. The very top analysts did not get the ax but they will be the ones who are leaving for better opportunities anyway. This will leave BofA with a slew of new, inexperienced hires during a time when the bank will be leaner than ever. It also doesn't help that the incoming analyst class across the street this year will be the weakest incoming class in the past 5 years because they were hired at the very peak of the market when everyone, even kids from half ass schools with half ass grades were securing banking jobs because every bank thought the boom would last forever and focused on increasing headcount. Unlike most of the other banks who stopped recruiting and kept their current analysts, BofA decided to fire current analysts instead of incoming analysts - the thought being that this would strengthen BofA's reputation among undergraduate recruiting. The consequences of this decision are already being seen throughout BofA, senior level people are having to turn away more business than usual because there is not enough capacity at the lower levels to get everything done. It's going to take BofA quite a while to get their incoming classes up to speed and a lot of business will be lost in the meantime. This, more than anything, will have the biggest effect on undergraduate recruiting when BofA continues to slip in the league tables. Ken Lewis has publicly stated that he has had enough fun in investment banking, it's only a matter of time before the decision is made to divest the investment bank altogether and stick to what Bank of America does best: low risk highly predictable consumer lending.

Posted by guest , Jul 02, 2008 6:52PM

Are you the same guy who complained that Bear Stearns' analysts now working at JP Morgan were getting top bucket bonuses, and it wasn't fair because they didn't work from March 17 to May 30?

Your newest rumor is just silly. If laid off Bear Stearns analysts were well enough regarded by JP Morgan to be put in the top bucket for bonuses, in all likelihood they wouldn't have been laid off to begin with, but would be over working for JP Morgan.

Laid off Bear Stearns analysts will get a bonus at the level determined appropriate by JP Morgan, which is then pro-rated from July 2007 to May 30, 2008. Quit stirring up resentment against people who are pretty blameless in this whole mess. You've got a job ... why don't you get on with your life, and not concern yourself with the Bear Stearns people, whether laid off or working at JP Morgan? Whatever position you've got at JP Morgan, you're in a better position than the former Bear Stearns' analysts, who are only a handful of people to begin with. You know the job, you've had time to get to know the personalities, and you have friends in the workplace. If you didn't get a top bucket bonus, the fault probably lies within yourself, not with anything the former Bear Stearns' people did to you. Talk about scapegoating. You're pretty sad.

Posted by guest , Jul 02, 2008 6:52PM

Anyone hear what the french banks are taking home? BNP, Calyon, SocGen?

Posted by guest , Jul 02, 2008 8:05PM

I don't think the laid off analyst's bonuses will be prorated. I am fairly certain they were kept on payroll through June 30 and promised a full year bonus. Where did you get your May 30 pro rata idea?

Posted by guest , Jul 02, 2008 8:11PM

@6:52, I think you are ignoring the fact that all second year analysts were laid off categorically. Many of these analysts are certainly deserving of top bucket bonuses and a victim of the circumstances.

Posted by guest , Jul 03, 2008 12:19AM

@6:52 - thanks for asking! We got hosed. No numbers but my own, which seems to be $10-$15k below comp BB IBD payouts. All of the banks you mentioned tend to be in line with Wachovia.

Posted by guest , Jul 03, 2008 9:20AM

What is BoA's skill set? They seem to lose money in every category.

If they cant figure out how to lend money on middle America housing, does anyone really think they have the talent to compete with a GS or LEH?

Posted by guest , Jul 03, 2008 9:28AM

Bear analysts were guaranteed a full year bonus, it was in the release contract (i.e., it is not pro rated)...however, that does not mean JP wont eff us and just say here is your "full year bonus" but its bottom bucket (this seems like a likely scenario)

Posted by guest , Jul 03, 2008 9:31AM

What about AD, D, ED, MD levels ?

What do these guys get ?

Posted by guest , Jul 03, 2008 9:48AM

I heard bank mgm6t are looking at expense statements to find problems and then fire or take away bonus'.

Posted by guest , Jul 03, 2008 9:50AM

what makes you think they are bothering to do so much work to fire or cut your bonus? they need to justify it to you? wrong.

Posted by guest , Jul 03, 2008 10:04AM

@ 6:52pm thats a good point, but not really valid...unfortunately it didnt really matter how well regarded you were, it was an across the board chop with the expection of a handful of first years (probably 5) who were working with a senior banker that was picked up by JPM.

example, there were 5 analyst to associate promotes who were let go

Posted by guest , Jul 03, 2008 10:17AM

when do ms and gs post analyst #s?

Posted by guest , Jul 03, 2008 12:20PM

They already did. You got ditched. Loser.

Posted by guest , Jul 03, 2008 3:35PM

soc gen 1st years got 40K. analysts there had no options out of school

Posted by guest , Jul 04, 2008 9:11AM

Nice comments regarding BofA. If anybody is still working there I'd run, far far away.

Posted by guest , Jul 05, 2008 11:54AM

Bank of America got slammed again this week, the investment bank is in shambles

Posted by guest , Jul 05, 2008 11:16PM

Previous from 7/2

"The only reason I am at BofA is because I couldn't get a job at any other bank except maybe Wachovia or Credit Suisse or some other also ran. That said, the job is no different than anywhere else, you still work on some decent deals while learning a lot and many an analyst colleague have moved into HF/PE. It's just harder than say if you were coming out of a Goldman."

Pretty bold statement throwing CS down there with the I-Banks based out of NC; at least CS is remaining profitable, something both BofA & Wachovia as well as half of the bbs have had a tough time accomplishing..

Posted by guest , Jul 08, 2008 8:55AM

GS announces theirs month end.. should be interesting

Posted by guest , Jul 08, 2008 9:53AM

anyone know about Jefferies or some of the boutiques?

Posted by guest , Jul 08, 2008 11:47AM

Jefferies:

Top bucket: a membership to the jelly of the month club

Posted by guest , Jul 08, 2008 3:55PM

sexy time

Posted by guest , Jul 09, 2008 11:28AM

Has anybody heard anything about Bank of
America's bonus numbers for analysts? BofA sucks haha

Posted by guest , Jul 10, 2008 1:00PM

JEF, straight from the horses mouth (top for each year)
1st yr. 65
2nd yr. 80
3rd yr. 105

Posted by guest , Jul 10, 2008 1:48PM

just fyi GS hears numbers end of July and pays Aug 25

Posted by guest , Jul 12, 2008 10:33AM

Any info on bonuses regarding the Japanese Banks?

Mizuho, Sumitomo & Tokyo-Mitusbishi?

Posted by guest , Jul 12, 2008 5:00PM

Mizuho top bucket - one wonton.

Posted by guest , Jul 12, 2008 7:58PM

Japanese bank bonuses are fixed and standard.

Posted by guest , Jul 15, 2008 1:09AM

when do ms #s come out?

Posted by guest , Jul 15, 2008 1:41AM

the funny part is they're still building $1800 per square ft. condos all over nyc.

lol

how many nyc financial people get laid off over the next 6 months?

50,000?

75,000?

100,000?

i figured condo prices would drop ~35% or so, but now i'm guessing 45%.

Posted by guest , Jul 15, 2008 1:43AM

the "must keep talent" argument ain't gonna work no more when there are tens of thousands of mba zombies walking around manhattan begging for work.

Posted by guest , Jul 15, 2008 2:34AM

The NYPD is hiring.

The starting pay sucks, but if you possess half a brain you get promoted pretty fast and make like 115 a year with slamming benefits. After 20 years you retire with a pension and health benefits for the rest of your life. Oh, and you only have to work 37 hours a week. If you're a real alpha male and work as hard as most IB analysts (like 75 hours a week), you actually get paid overtime.

Plus, you get a gun.

Posted by guest , Jul 15, 2008 2:20PM

And if you are a cop you really do get to say things to your wife like "I drive a dodge stratus"

Posted by guest , Jul 16, 2008 4:57PM

i got $200k as a first yr at Wachovia- it's a sh1t bank, but they do pay a few people.

Posted by guest , Jul 17, 2008 7:41AM

@2:34AM As an NYPD cop, you also get to beat up hippies and other malcontents who fail to demonstrate an appropriate degree of respect for your authority.

Posted by guest , Jul 17, 2008 9:49AM

I am an NYPD cop and I love shooting people

Posted by guest , Jul 17, 2008 9:50AM

"I am an NYPD cop and I love shooting people" that is fucked up.

Posted by guest , Jul 17, 2008 2:36PM

@ 4:57...

First year associate/vp? Yeah 200k sounds about right. Street was at about 300k at that level, then you have to figure in your discount for being a bank tellar...

Posted by guest , Jul 17, 2008 5:56PM

$$$$$$...i'm in the wrong profession...dammit!

Posted by guest , Jul 18, 2008 12:59PM

4:57
You're a moron to think that one of the worst IB's would/could pay its 1st year analysts 200k. Maybe a first year associate at wachovia will make that much as an associate. Wachovia has almost fallen to pieces like BofA, but not as bad. What happen to your M&A group? THEY BROKE APART...."why?" you ask....because Wachovia is a horrible IB.

Posted by guest , Jul 18, 2008 2:33PM

@ 9:50am

Maybe I'm a little fucked up. Did you ever think of that. That's right maybe I'm a little nuts.

Posted by guest , Jul 21, 2008 1:24PM

what about Needham or Canaccord Adams?

Posted by guest , Jul 23, 2008 3:18PM

What about Credit Suisse?

Posted by guest , Jul 25, 2008 8:28AM

Anyone at MS get more than 120k as 3rd yr? Trying to figure out if I should be happy or sad...

Posted by guest , Jul 25, 2008 9:07AM

155k at MS as 3rd yr, you should be sad

Posted by guest , Jul 25, 2008 10:07AM

9:07, where does that put me? either the differentials were wide, or I should be really sad!

Posted by guest , Jul 26, 2008 11:05PM

3rd year at MS - got 110K. 155K seems to be off. Can you confirm $120K?

Posted by guest , Jul 28, 2008 6:47PM

ok, I'm a 5th year VP at MS and only got $120k this past year. Now I'm really upset seeing here that 3rd year analysts could possibly make more than I did.

Posted by guest , Jul 29, 2008 11:20PM

Rookie here, i've been reading the posts and I was wondering if all analyst salaries and bonuses in a firm are pretty much the same regardless of type of analyst. Basically, I'm waiting to hear back about a BB commodities valuation job and wondering what I should expect, should I get an offer, as far a compensation goes. Standard 60/10 offer? Thanks guys.

Posted by guest , Jul 30, 2008 9:07AM

Have been checking this post regularly and frankly dont know what to believe and what not to and am sure a lot of people think the same. So want to do you all a favour by telling you my bonus - got the news 5 mins back.

Work for GS (IBD) as a 3rd yr analyst who is rolling off from the program tomorrow (31st July) - got $100k

Posted by guest , Aug 22, 2008 3:33PM

word is blackstone, greenhill and gleacher & co. led the street

Posted by guest , Sep 25, 2008 7:00PM

Guys , This is difficult time for a lot of Wall Streeters. There is even a site out there called www.xwallstreeters.com

I am not too sure if anyone is here anymore to talk or have disappeared into private cliques. At least this xwallstreeters site seems a bit sympathetic to our plight than some of the comments I am seeing flying around all over the net.

Posted by guest , Sep 30, 2008 3:57PM

400+ post on Analyst pay

evidence that this blog is all kids & zero credibility