Posted by guest , Jul 02, 2009 12:51PM

WTF?

Posted by guest , Jul 02, 2009 12:52PM

You like that, T. Geith?

-Vik

Posted by guest , Jul 02, 2009 12:53PM

$30K after taxes. $0 after anal cancer treatment from being pounded in the ass all day long by MD's.

Posted by guest , Jul 02, 2009 12:55PM

My watch is worth more than Dennis Kneale's life.

meep meep meep

Posted by guest , Jul 02, 2009 12:56PM

"second tier first year rainmakers"

Can I get this on my business card, or maybe a desk plaque?

Posted by guest , Jul 02, 2009 1:05PM

@7, is that a serious question? Bulge brackets don't pay 35K base to janitors.

Posted by guest , Jul 02, 2009 1:06PM

What I do on my own time is none of your business.

Posted by guest , Jul 02, 2009 1:09PM

#8 is that a serious answer? C isn't bulge bracket

Posted by guest , Jul 02, 2009 1:10PM

My bulge alone is worth $35k.

CG

Posted by guest , Jul 02, 2009 1:11PM

@7

go build a bridge bonehead

Posted by guest , Jul 02, 2009 1:12PM

@10

who is, baller?

Posted by guest , Jul 02, 2009 1:13PM

@10, you sir are a moron

Posted by guest , Jul 02, 2009 1:14PM

Aren't all first tier analysts at C second tier?

Posted by guest , Jul 02, 2009 1:17PM

BS. #'s aren't out yet. Just which tier you are in (5 tiers this year).

Posted by guest , Jul 02, 2009 1:25PM

@15, genius!

Posted by guest , Jul 02, 2009 1:29PM

#15...the answer is no, because they're in the bulge bracket

Posted by guest , Jul 02, 2009 1:47PM

15 - works at Jefferies, the new king of the street!!!! Bow down biznatches

Posted by guest , Jul 02, 2009 1:47PM

15 - works at Jefferies, the new king of the street!!!! Bow down biznatches

Posted by guest , Jul 02, 2009 1:49PM

Did you guys know Lehman went under? Just found this out right now. Wow, this subprime mortgage mess is really spreading, huh? (new to finance...)

Posted by guest , Jul 02, 2009 1:54PM

@13,14, 19/20

Citi BO?

Posted by guest , Jul 02, 2009 1:54PM

@21

n.o.t. f.u.n.n.y.

what the fuck are you, greg's little brother?

Posted by guest , Jul 02, 2009 1:57PM

if it's really 60K, then i think:

1. the 60K is paid in toxic assets, like CS did
2. the 60K is paid in cash that vests over 3 years,

or

3. the 60K is paid in rupees.

Posted by guest , Jul 02, 2009 2:00PM

not funny is the new funny.

Posted by guest , Jul 02, 2009 2:05PM

good god GET THE FUCK OUT, 21

Posted by guest , Jul 02, 2009 2:24PM

25 nails it.

Posted by guest , Jul 02, 2009 2:49PM

dont bonuses usually get paid in Jan/Feb?

Posted by guest , Jul 02, 2009 3:28PM

@28 not for 1st/2nd year start dates out of college are in Jul.

@24 actually its seamlessweb gift cards.

Posted by guest , Jul 02, 2009 5:09PM

Most people on this site are in finance and should have some clue about our tax system unless their dad's accountant in [insert Bergen County town here] does their taxes for them.

The taxes that come out of your bonus are withholdings. At the end of the year, bonuses are treated as your salary is and taxed accordingly. Nobody bringing home $120k a year all-in is hitting a 50% marginal tax rate. Plus once you cross into that threshold, you're not paying into social security anymore, so your marginal tax rate actually decreases.

Anyway, $60k for 2nd years ain't bad. Given how much banks made in trading revenue in 1H08, S&T bonuses may rival banking ones.

Posted by guest , Jul 02, 2009 7:48PM

@30 you're an idiot. even after taxes, the number quoted in the post is wayyy more than a fucking SECOND TIER/second year employee at C should/will be getting this year, esp given that they're raising base pay.

Posted by guest , Jul 03, 2009 2:20AM

31, you in citi HR or something?

guess you know what everyone's paying out - at least your back office bonus doesnt fluctuate much

Posted by guest , Jul 03, 2009 6:53AM

@32 you really got me with that back office burn. you don't have to work in HR to know that second tier citi second yrs are not getting 60k. 'tard.

Posted by guest , Jul 04, 2009 6:53PM

haven't been on in a while. after reading this thread i kinda miss the site though. any thoughts on Palin?

Cheers B1tches,
Tanned Banker

Posted by guest , Jul 05, 2009 9:18AM

Still no word at JPM, having delayed disclosure for over 1 week now.

Posted by guest , Jul 05, 2009 9:48PM

-@35

check with your local MD, the email was out on Thursday.

Posted by guest , Jul 06, 2009 10:00AM

@ 36

Officially, nothing has been disclosed and could still be subject to change as a result. Mgrs were given #s well before last Thursday even, but were told to wait.

Posted by guest , Jul 06, 2009 2:35PM

@36

what were the initial #s?

Posted by guest , Jul 10, 2009 7:58AM

I work at Citi. #s confirmed. $70k for Second year top-tier.

Posted by guest , Jul 13, 2009 7:29PM

Why does it have to be either/or choice on bonuses for bankers? It seems that most of the concerns that have been raised in the financial crisis relate to very large bonuses or having a disproportionate share of bankers’ total comp come in the form of a discretionary, year end bonus. Why not move more to a 50/50 or even 60/40 model of base to bonus, instead of the 20/80 or 10/90 model used with investment bankers and capital markets types previously?

That is certainly more fair to employees who otherwise get blindsided at year end if the company does poorly. And if the concern is that the total comp numbers were too high, then that can be dealt with too.

Maybe a system of trailing accountability (enforced via FINRA and SEC as an industry matter) is what’s needed, when highly compensated bankers originate really bad deals, or become complicit in fraud. But some combination of these measures should address the problem, and not simply eliminating bonuses for the vast majority of hard-working, meritorious bankers and other support staff … again, many of whom are not highly compensated.

http://www.beaconintegration.com/service.htm