Bonus Watch '09: Citi

Posted by Bess Levin, Jun 29, 2009, 10:08am

Today in Monday Morning Hilarity: we're to believe that second tier, first year analysts at Citi are getting $42k. Could this possibly be true? Is Vikram just saying "fuck it, I dare them to fire me?" (in which case we feel an deep kinship with Pandito at this time). Are they banking Geithner not having the pair to actually do something about it, or the fact that they'll be out of business in less than a year anyway (I kid but seriously: anything could happen)? Or is this less likely than Prince Alwaleed sending everyone a pony and button down to match?

12Recommend this! 39Comments

Comments

1

Posted by guest , Jun 29, 2009 10:11AM

Are you taking notes, Greg?!?! Are you!?

Do you see how she references past posts? Do you recognize the brilliance? DO YOU GREG!?!!

Excellent post, Bess.

-TGFHouston

2

Posted by guest , Jun 29, 2009 10:17AM

are they hiring?

3

Posted by guest , Jun 29, 2009 10:18AM

tgfh - i wanted to humiliate you in a post since you are an annoying suckup but you live in houston wich is enough punishment for this life for you...

4

Posted by guest , Jun 29, 2009 10:19AM

2 = john thain

5

Posted by guest , Jun 29, 2009 10:20AM

@4 yeah, so?

-JT/2

6

Posted by guest , Jun 29, 2009 10:25AM

pls confirm if they are hiring and their position on recreational drugs and extended periods of personal leave around major bridge tournaments.

anonymous.

7

Posted by guest , Jun 29, 2009 10:25AM

This "Prince" Alwaleed is getting on my nerves. Stay thirsty my friends.

~The Most Interesting Man in the World

8

Posted by guest , Jun 29, 2009 10:25AM

Houston is the asshole of Texas. Seriously. Look it up.

9

Posted by merkin capital partners , Jun 29, 2009 10:26AM

@3, did you have to take the TOEFL?

10

Posted by guest , Jun 29, 2009 10:30AM

This can't be true, I heard Jefferies is the new king of the street?

11

Posted by guest , Jun 29, 2009 10:31AM

@9

watch your mouth gringo what i came to this country in the back of pickup truck covered under 5 cubes of tortilla flour.

12

Posted by guest , Jun 29, 2009 10:40AM

42k is the new ki-.... actually, not bad.

13

Posted by guest , Jun 29, 2009 10:41AM

I love the first tier hot dogs in the 388 cafeteria. The are scrump-shalicious.


I sometimes take an extra one back to my desk, hollow it out and use it as a succulent meat stent in one of my orifices.

14

Posted by EZ2517 , Jun 29, 2009 10:48AM

I personally would have taken the horse instead.

If Houston is TX's a-hole, what about Dallas?

It's sweaty ball sack?

15

Posted by guest , Jun 29, 2009 10:51AM

Citi top tiers:
1st yr: 40k
2nd yr: 60k
3rd yr: 80k

16

Posted by guest , Jun 29, 2009 10:54AM

If Houston is the as*hole of Texas, New York and Chicago are 20 hours up it.

17

Posted by guest , Jun 29, 2009 11:02AM

Galveston is the grundel of Texas.

18

Posted by guest , Jun 29, 2009 11:07AM

42k is the new ki-.... actually, not bad.

19

Posted by EZ2517 , Jun 29, 2009 11:08AM

@15:

Not bad for a TARP recipient.

In 2005 (the beginning of the bonanza), these were the top tiers:

1st yr: 60K
2nd yr: 80K
3rd yr: 100K

20

Posted by guest , Jun 29, 2009 11:10AM

UBS analyst numbers just announced:

top bucket - sweatshirt w/ UBS logo
second bucket - buy 1, get 1 free coupon for hot dog day at 388 greenwich
bottom bucket - you're fired

21

Posted by guest , Jun 29, 2009 11:10AM

Texas is the asshole of the US

22

Posted by EZ2517 , Jun 29, 2009 11:26AM

@15:

Not bad for a TARP recipient.

In 2005 (the beginning of the bonanza), these were the top tiers:

1st yr: 60K
2nd yr: 80K
3rd yr: 100K

23

Posted by guest , Jun 29, 2009 11:38AM

@21

Hey that's insensitive. Texas has the highest incidence of rectum cancer in the US.

24

Posted by guest , Jun 29, 2009 12:03PM

@23

happy times in cornhole canyon

25

Posted by guest , Jun 29, 2009 12:51PM

why are they paying out bonuses in June?

26

Posted by guest , Jun 29, 2009 12:53PM

Cali and NY are almost bankrupt. Texas has stable property taxes and a budget deficit that is about 5% of what Arnold wants to pay out in IOU's to state employees. The no talent ass clowns can stay up in the NE. Hate Texas or not, we're doing fine down here.
-Dallas

27

Posted by guest , Jun 29, 2009 1:25PM

@25 Because banks give bonuses for summer, buyside winter

28

Posted by InfiniteGuest , Jun 29, 2009 1:33PM

@26 (Dallas), no apostrophe in IOUs, and both "no-talent" and "ass-clowns" should be hyphenated.

29

Posted by guest , Jun 29, 2009 2:30PM

27, these must be for analysts only? my buds who are assocs and VPs at banks get paid in Jan-Feb.

30

Posted by guest , Jun 29, 2009 3:04PM

Citi's key to success is paying its number-crunchers and spreadsheet jockeys.

or else they may leave for Jeffries

31

Posted by guest , Jun 29, 2009 4:12PM

1st yr: 20K
2nd yr: 35K
3rd yr: 65K

32

Posted by guest , Jun 30, 2009 8:49AM

@31, those figures are materially off

33

Posted by guest , Jun 30, 2009 9:13PM

Seems to be a general lag across the street this year. Still rolling quarters?

Anywhere else announce?

34

Posted by guest , Jul 01, 2009 11:54PM

heard 45/65/85 for top at jpm

35

Posted by guest , Jul 04, 2009 12:45PM

@15
@31
@34

Thanks folks. Just to be clear - are these analyst numbers for S&T or IB? Clearly there's a big difference...

36

Posted by guest , Jul 05, 2009 9:24AM

@34 JPM has still not disclosed. Delayed over a week at this point. So don't believe those numbers.

as for @15 and @ 31, those do not match the confirmed numbers for citi (1st year 25/40/50)

37

Posted by guest , Jul 05, 2009 9:32PM

@36 - whats the delay? JD jiggling his pockets for a bit more change?

38

Posted by guest , Jul 06, 2009 8:59AM

@37

Speculation is that planned # ended up being off market once citi and others announced and that bonus and base changes needed to be re-evaluated. But that's only the rumor.

39

Posted by guest , Jul 17, 2009 1:31AM

it still isnt worth it

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