Though we were pretty sure the cannoli surprise back in October was intended to be a hint as to what employees at Morgan Stanley could expect come bonus time, it seems as though John Mack has come through yet again for the Mackettes. The following numbers are apparently confirmed, for “a blend of industry and product bankers” (they do not include base pay, and it’s unclear what the mix of cash vs. deferred cash vs. stock is). According to one of the happy government workers at 1585, “I was surprised how high they came out, but given who’s left (the A-team), not surprising that they are being taken care of.”
I’ll take the cannoli
Get off the cross; we need the wood.
seems high…
rough gig getting those numbers
why not just screw everyone below MD, especially given taxpayer involvement? it’s not as if they would jump ship in significant numbers (given that all ships are sinking)… adverse selection not a concern here
why not just screw everyone below MD, especially given taxpayer involvement? it’s not as if they would jump ship in significant numbers (given that all ships are sinking)… adverse selection not a concern here
VP’s are pretty tight within tiers YoY
A year from now number will be half that.
This is versus what last year? Are these numbers half/a third/a quarter of what people used to get?
these numbers are too high.
these are wrong
Danny Deutsch, Alcoa, BoA, Merrill and now Julie Alexandria of WallStrip…where will the madness stop?
these are wrong
i’d heard ms bonuses trumped gs’s this year, these numbers seem legit.
@5
You can’t screw the people who actually do the work. We’ll just make them look like an uneducated jack asses in the next meeting.
what ever happened to bonuses based on how much cash (no not profit, CASH) you generate, like, you know how things work in the real world.
I look forward to the day when all of these guys get shorted out of existence.
I’m doing my part to fuck their forex desks………how about you
what were last year’s #s ?
i call bs.
@17 – good luck with that. Aim for the holes where the monitor wires go down to the outlets . . .
what about stub??
not a chance these are real numbers
by way of comparison–Feb 08 bonuses for top tiers at bulge brackets:
1st yr assoc-$275k
2nd yr assoc-$350k
3rd yr assoc-$450k
1st yr vp-$550k
2nd yr vp-$650k
3rd yr vp-$800k
So the Feb 09 bonuses are down 30-50% from the peak a year ago, which makes sense given how many layoffs there have been as well
Skeleton we are so close, but you have got no body so why do you insist on wearing clothes?
BULLSHAT
Skeleton we are so close, but you have got no body so why do you insist on wearing clothes?
BULLSHAT
These seem pretty high imho, but wtf do I know
Those aren’t dollar amounts it’s the number of MS shares they get.
Getting cannoli’s for bonuses is the new killing it
Is it possible that this year “top tier” means top 5-10% vs. 30% last year (or whatever the exact numbers are)? Just a thought.
These numbers are BS! The top tier is close but no cigar….below top tier they got paid waaaaaay less……
Posting from my sweet sidekick II in the poohouse @ 1585. The #’s above are BS. Legit data below:
1st yr assoc- 1 blumpie
2nd yr assoc- 2 handies
3rd yr assoc- 3 a-rapes
Does anyone know what Prime brokerage CSR’s get?
these are confirmed. sucks to be gs, i guess.
@16 cute kid. I like your spirit.
These are accurate
17-
Can you please explain exactly what you’re doing to “fuck their forex desks?” Unless you’re the treasurer of a multi-national corporation, a central banker, or in charge of an 11 figure hedge fund, I don’t deem this to be likely. However, I’m always ready to learn something.
these are right
What’s the breakdown of these figures? Anyone know yet… what is cash/stock/deferred, etc.
What’s the breakdown of these figures? Anyone know yet… what is cash/stock/deferred, etc.
My bonus this year was that my firm still employs me… :(
What’s the breakdown of these figures? Anyone know yet… what is cash/stock/deferred, etc.
Crap….sorry for the triple post.
Bonuses?? Interesting! Where I work in MS we didn’t get 2 cents!!We were told all the blah, blah about what a tough year we were having. Not a single cent in a raise or a bonus. Nice to know that MY tax dollars are helping out.
Anyone have info on what GS 1st year associates got?
@43 – El Shafto!
These seem low
Cannoli is for closers!
What percent of people move from one tier to another from year to year? It would suck to go from top tier one year to middle tier the next year and take a pay cut despite giving another year of your life.
These numbers are too low. Reality is that they were a bit higher.
MS has a forex desk?
Isn’t that a little like saying Jimmy Cayne was a hard worker?
I guess captive hedgies gotta trade with someone.
WHAT ABOUT STUB???
WHAT ABOUT STUB???
@42 – IT doesn’t count.
~LexSteelz
Wow. Good to see our tax dollars at work.
What is base pay for these government-subsidized prima donnas?
Stub bonus at MS was $25k… and GS stub was a healthy $5k
Stub bonus associate at MS was $25k… and GS stub was a healthy $5k
Seems tooo high. Doubt these numbers. After having taken TARP money this just seems ridiculous if they are true.
Having a job is the bonus in this environment!
To those saying these are too high… they may not be “nuclear winter” levels but are well below what some boutique firms paid this year.
@58, maybe not “well below” but can verify boutiques are paying very well this year.
1st yr boutique associate here, bonus is $140K (and yes, base salary is same as BB).
@59 A first year bonus of $140k qualifies as “very well”? That number sounds more like “down 50%”.
Here come the “P-w-P” comments again . . .
wrong wrong wrong..
not to mention the tier distribution shifted most to low tier
wrong wrong wrong..
not to mention the tier distribution shifted most to low tier
@55/56
GS changed their analysts to align with everyone else – the figure you have is a stub first year ANALYST who has been on the desk 3 or 4 months. Not really comparable with your MS figure…
There is not a chance at all that these numbers are correct. Always was curious like #32 to find out what the PB reps pull though…anyone know
@65- have you asked someone at ms? then obviously you really have no idea if they’re correct or not.
i’m curious what PB reps pull in too!! Anyone got any clues??
60 – I would say 140K is “very well” THIS year, most BBs won’t pay that much in bonuses for a 1st year associate.
Sh*t is down and f*cked up all over…
@52 – NOT in IT