I don’t think we should jump to any conclusions but according to a very sad John Mackette:
Comp day at Morgan Stanley today. No increases and many associates, vice presidents and executive directors getting no bonus. Total comp down over 40%, even at lower levels.
leave the gun take the cannoli
And wait for it……………..
Wideclops’ numbers? New pair of fuck me boots?
ouch. seriously.
boo hoo. work harder next year.
@4…no no, work smarter.
wideclops is rocking a pink thong today.
what’s 40% down comparing to NO JOB?
No, work 9-5 like the commercial bankers you are now are (both in name and pay scale)
@7:
when you hate your job, no bonus is much worse than no job.
Who is this wideclops of who you speak?
If you brought in revenue (ie, $10-15 million) you will get paid
Rest, you are cost centers
@9: Lumbergh wants to talk to you.
@12
You are a cost center. I can tell.
Does anybody have a pic of wideclops or her famous boots?
If the Fed cuts rates to zero – will prime stay at 4?
Will banks lend?
How about if Fed rates are zero and loans are non recourse.
Oh wait -
@14
You are a cost center. I can tell.
no you’re a cost center.
no i’m not, you are.
stop being mean, you cost center.
i know you are but what am i?
SHUT UP
@17
You are a cost center. I can tell.
@18 You too.
Vol is King knows the truth. A suckass job is only slightly mitigated by a bonus. However, if there is no bonus, the depression is overwhelming and suddenly owning a Hooters looks promising..
@19 – don’t worry, “E” is getting one!
@ 22
Classic
Comment removed by moderator.
@26….
HAHAHAHAHAHAHAHAHAAHAHAHAHAHA!
damn that chicks eyes are very wide apart
Who is that?????
Wideclops lives again!
@ 26…not cool
I might have to post pics of Bess if this keeps going and get the whole thread shut down.
Being unemployed blows, especially if you don’t have enough $ to keep yourself occupied (e.g. trading own PA, recreational activities, etc). Having a much-hated job with zero hope of bonus/raise is a very short hop up the ladder of sh!ttyness
@31…make our day…post them.
Wideclops!!!!!!!!! 26 – you are the only one in this God/Devil forsaken place that deserves a bonus.
wideclops sighting! all hands on deck!
pretty sure if she actually focuses on you with both eyes you end up like that guy in the second picture in #26
@26- before i remove your comment which includes pictures of an innocent non-senior employee who the post is not about, which we’ve repeatedly said is not acceptable, may i just ask, are you retarded?
At least some of the ladies can rocket up in the organization by breaking through the “lingerie ceiling” with senior management.
is that seth green rubbing up against her?
“Hello! I’m your boss. I promoted you last week, you are doing a great job, you work your balls off. Here is 40% of last years bonus and no rise in basic”. Smart. I just hope someone somewhere has the balls to poach the talent.
Nice work Levin. 26 was low class all the way.
@39 if i hear one more effin loser like you talk about another firm needing to poach talent…
do you even read this fuckin blog?!
WTF is ‘talent’ going to go?
you are such an asshole.
i hate you.
Morpheus Stanley Got paid 10K
@42…uh misdirected anger. Much?
Bess has no heart…it’s just a glass full of Maker’s in her chest.
@39….What Talent????!!!!
Morpheus Stanley Got paid 10K
Are you sure is Levin and not Levine?
It is unbelievable to me how many “banker wannabees” post on these blogs…I’m guessing 90% at the low end. Anyone receiving 0 bonus is a low performer and not worth paying to keep. 40% down is reasonable given current market environment and in consideration of how hard most people have worked this year to work through the market difficulties.
any word on new associate stub?
started at MS mid year last year, they used my pro-rated number from last year as the starting point for this year…sux
42, I completely agree. The commenters here are delusional regarding the market for their so-called “skills” at this point.
How bad were equity sales/trading #s?
can we have some concrete numbers please? Are they paying bigger % than usualy in stocks this year?
@51
The world will always need silver-tongued thieves to relieve everyday working people of their hard earned savings. That is the talent to which people here refer.
23 – Owning a Hooters does sound like fun. I think all the good places with hot college girls already have one. Owning a Hooters in Newark would suck!
I like the thought process, keep it up.
42, I completely agree. The commenters here are delusional regarding the market for their so-called “skills” at this point.
boo hoo, work harder.
I wonder if the information is coming from middle/back offer, where the spread from 40% and 0% doesn’t represent a material portion of total comp – and they have people with ‘executive director’ titles
I wonder if the information is coming from middle/back office, where the spread from 40% and 0% doesn’t represent a material portion of total comp – and they have people with ‘executive director’ titles
I wonder if the information is coming from middle/back office, where the spread from 40% and 0% doesn’t represent a material portion of total comp – and they have people with ‘executive director’ titles
I just want some effing spirit points
concrete numbers please
#48- You are spot on. I really wish this was filtered b/c it could be a useful source of very good information. #49- Although not a 1st yr, I appreciate your concerns. If anyone has some details please let us know. Thanks
@58,59,60:
Probably no. Just look what goldman reported today. 10B comp to 30K employees vs. 20B comp to 32K employees last year. Figure a substantial portion of that 20B is fixed salary and benefits. Based on that, -40% is generous.
a canadian capital markets firm paid (last week):
120K bonus for 2nd yr. associate
34K for 1st yr. stub associate
65 here. in nyc.
65, are these numbers in CAD? 34k stub for 1st yr is unchanged from last year?
@67 no, american $s. hence, post 66.
Bess, you’re so Hot n’ Cold!
IT: 10-30% cut.
wideclizznops giving out nums?
IT: 10-30% cut.
wideclops numbers:
5″ (from left to right), wider than the 4.5″ last year
how much were second yr associated getting last year? 200-300k?
Damn son,
Yall Mofo’s at MS got Madoff’d. Sorry to hear that…
Friend of mine who is a prop trader tells me that his comp went from 8% of revenue in a normal year, to a mere 2% of revenue this year. He’s not pleased – was expecting 4%!
There is no “talent”. Wall street has now lost trillions and needed a huge bailout. Who are these idiots from Harvard and Yale? The blew up the economy. They should be janitors, and they would still be overpaid at min wage.
@73 – well played
I saw the populist / redistributionst claptrap comments, like that in #77, described elsewhere as the “peasants with pitchforks” comments. Seems a pretty good description.
@ 76 – ouch!!!
ur friend had ++PnL then that… Ouch!!
@67. 1st yr stub last year was 40.
#74- Total comp was a lot more around the Street.
Edward Jones numbers out today
@81: I’m pretty sure 1st year stub last year was $45,000 for all banks, all groups. That said, I do know of certain desks that got $50,000….
I was top bucket and got all of a 5% “discount” to my bonus, which was attributed to market conditions, etc.
Not particularly pissed off considering my YE bonus was still up 12% YOY. So many drama queens on this board.
@86, what level are you? Do you mind sharing hard numbers?
@ 86 – some of us mortages and 5 kids with 3 ex wives… how is that for some drama
Funny thing about perspective.
Speaking as someone who has been unemployed for the past 14 months, I’d just be happy *just* to have a job at all right now. :(
anyone heard from TGFD? what’s that old kook been up to?
@79
Unfortunately the reality is everybody working for GS, MS, Mer, Citi etc shouldn’t even have jobs but for an unconsitutional and possibly criminal bailout.
So it amazes me that these guys at MS are complaining about not getting a bonus. You shouldn’t be in business. Thank the lucky stars the gov is now socialist.
@90, ha, he actually posted yesterday on the Kathy Fuld picture. Said she wasn’t worthy of being part of his harem..
90 Last I remember he took some C profits and then shorted the S&P500. He may have offed himself. Especially after today.
@89 wow 14 months and you’re still looking for a job on the street? Time for a reality check friend
I will tell you first hand, it sucks way more not to have a job than to have one that you totally hate.
I hated the job I had and would take it back in a heartbeat.
Think again before you make comments like that on here. You have no idea.
Still here, watching the fraud saga of these wealthy sophisticates unfold.
The Guy from Delaware
What is this BS?!
No one who’s still working at a front office position at MS got 0 bonus. You would’ve already gotten fired—for back office, that’s a different story.
@89 — fuck you. Your pink slip will be coming soon. What rock have you been living under?
Few jobs have not been created to replace the jobs that have been eliminated and a lot of potential jobs have been put on hold until the economy stabilizes.
Look outside the industry? Sure … and you are as much value as a college grad without experience. Actually less, because they can at least take an entry level job.
Time to take your head out of your ass and hopefully, you won’t be a victim of your own bad karma.
@98. is your comment directed towards 86? or is db deleting comments again?
@99 — no 98′s comment was directed a 94 (me).
So, 98 what you’re saying is that you’re an effectively useless human being. Thats a tough break…maybe you should have bothered to develop some hard skills that are actually useful to someone…anyone. I hear ITT tech can give you the experience for a rewarding career in AC/Refrigeration repair. Going back to school might help you with that whole entitlement problem the street tends to give losers like you.
@94 & @100 —
You’ve got one hell of a set.
May the inventory from every shoe business in the world fall on you and not miss.
I think I speak for everyone on this board in saying that you are truly a vile and disgusting excuse for a human being.
Good luck to you, @89. There are a lot of people on this board who sympathize with you and hope you find something soon.
~UES
any word on GS numbers?
The website http://www.wideclops.com has not yet been registered. Get on it, people.
14 months is nothing….
Many of you will never be back, ever.
All of you nasty mean people should get a life.
@104 the lifestyle, prestige and desirability of 2002-2007 ibanking will never be back, ever
Is there a way to just keep bonus conversations on here exclusive to bankers and traders? The other nonsense is a distraction. Also, real bankers and traders (the survivors and casualties) feel sorry for #89 and #95. I am very sure they have work very hard to earn what their keep. I really wish people on this blog would stop hating and recognize that everyone is trying to push through this. My best to those out of a job from someone who is surviving and hopefully looking forward to a decent bonus.
107 How about suggesting a way, or maybe you’ve noticed that the architecture here is open. For a “real banker or trader” you don’t sound too sharp.
@107 “The other nonsense is a distraction”
Do you have to focus to read the random comments on this site?
Focus on this one, buddy:
You are a real chump.
@97 you are an a-hole! This post is from a front office employee. In fact there were several desks and entire trading groups where the majority of members got a zero bonus. (Despite having a profitable year)
I am sorry for those who are laid off, but the intention of this blog should have been for people at ms to see how they did compared to other desks or groups.
Again, anyone would choose a paycheck and no bonus any day of the week, but let’s use this blog for something constructive such as comparing relative payouts.
@97 STFU
heard from a friend: 3rd associate 300k+ bonus
What group is the 3rd year associate with?
@112 Joe’s Whorehouse!
If the post is true:
Starting software engineers make more than IB analysts. And starting lawyers make more than starting IB associates.
SUCK IT!
@114 Suck What? Your one inch c0ck?
Who the fuk are all these random d!cks and what the fu(k are they doing on this blog?
You know who you are. Fu(K oFF!
Does anyone have any real front office numbers, either in total or with regard to splits (Cash / Cash clawback / Equity)?
Test comment
got the low down from my roommate who works at MS. associate stub: they show you what your stub is based off of, basically what it would be if it was for a full year and then divide by 3 because the stub is a bonus for one third of the year.
heard from roommate who works at MS, annualized number down 30-40%% vs. last year (so i guess 15-30K total for stub). also, some equity desks were flat or even up small but rare. most down YoY, a lot of sad faces.
Everyone got fckd this year except the peeps over at Paulson and Simons shops.
As for Ibnking ASO numbers are down 40% across the board, fromn GS – CS, not to mention January WILL be a harsh month as more cuts are coming. Soooooooooo those who got their numbers in late 08 may or may not get their $ in 09!!!
From the horse’s mouth!
Call me Citation
@65 – u RBC? Can’t imagine any other Canadian firm in NYC in this market. What group if you don’t mind saying?
To all government, oh I mean, MS employees, just be thankful you have a job. Without 10b of tarp money, MS = LEH. And since your bonus money is EXACTLY tax payer money, you shouldn’t even have it. And you may not, tax payer outrage is building rapidly. GS and MS paying anyone greater than ZERO this year could be their undoing. Good luck out there.
Risk Management 110% of last year’s.
Associates: 175-225
VP: 250 – 350
121
Are those #’s for risk mgmt group?
Because those are not all-in #’s for most other groups.
@120
zzzzzzzzz……….
@120 – “Tax payer money” means cheap debt financed by the Chinese, and they ain’t complaining. Get off this board and go get a real job before you bitch and moan about your “tax payer money”.
Wall St tend to attract the scums of the earth. This page of comments only serves to prove this notion.
IT: -40% YoY and framed it with a complement for my outstanding performance. Chin up, we were there for the good years and others saw worse.
@119, 65 here
BMO Capital Markets
Coverage groups
analyst numbers?
analyst numbers?
@125. Where do I start….. It would appear that English is not your first language, nor intelligence your native tongue… Your post serves only to demonstrate your idiocy, something you have achieved with so few words no less. Bravo.
I-Bankers should participate in the following survey when it becomes available after January 1:
http://www.wallstreetcomps.com/survey.asp
Hard numbers from my roommate. . . . 2y exec. dir. 360K bonus, 140K base, slight increase from last years total yoy.
compliance
Analyst: 120-160
Associate: 170-230
VP: 260-400
ED: 350-700
MD: 600+
132, this guy is an ED and lives with a roommate?
@132 is this ed in banking or sales and trading?
@133 are those banking or sales and trading numbers?
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