• 24 Jul 2009 at 4:37 PM

Compensation Watch ’09: RBS

By Bess Levin

Not so great news for the Queen’s bitches:

Numbers out today for Global Banking and Markets. All bonuses are 100% deferred- over 3 years, subject to clawbacks. Terms still not defined.
Bonus Ranges:
1st year: $40k-$50k
2nd year: $50k-$60k
3rd year: $60k- $70k

Base salaries for 1st- 3rd years bumped by $10K:
1st years base: $70k
2nd year base: $80k
3rd year base: $90k
3rd years promoted to Associate: Base: $100K- no signing bonus

Comments (27)

  1. 1
    Posted by guest | July 24, 2009 at 4:43 PM

    suck it, girls.
    -queen elizabeth

  2. 2
    Posted by guest | July 24, 2009 at 4:49 PM

    i work here and this is place is worse than jefferies.
    -rbs analsyt

  3. 3
    Posted by guest | July 24, 2009 at 4:52 PM

    Deferred over three years? Ouch… Wouldn’t want to work there.

  4. 4
    Posted by guest | July 24, 2009 at 4:58 PM

    I banged the Queen!
    - Johnny Lydon, Q.B.E.
    (queen banger extraordinaire)

  5. 5
    Posted by guest | July 24, 2009 at 4:59 PM

    I’m pounding the queen in the ass as I’m typing this!!

  6. 6
    Posted by guest | July 24, 2009 at 5:08 PM

    how much does a financial advisor at RBC make?

  7. 7
    Posted by guest | July 24, 2009 at 5:17 PM

    Is this IBD? If it’s for research analysts, then not really that bad..

  8. 8
    Posted by guest | July 24, 2009 at 5:19 PM

    This is for IBD. Markets and banking.

  9. 9
    Posted by guest | July 24, 2009 at 5:21 PM

    @7 it’s not for research, it’s for ibd, and it sucks.

  10. 10
    Posted by guest | July 24, 2009 at 5:25 PM

    Good luck recruiting this year. Stamford and no bonuses? Ouch!

  11. 11
    Posted by guest | July 24, 2009 at 5:43 PM

    What a joke. There will be no qualified people left soon. First the commute to Stamford and now this lame compensation.

  12. 12
    Posted by guest | July 24, 2009 at 5:53 PM

    North Dakota awaits you all.
    ~Lem Uulriichtenshorhansen
    Lwrence Welk Museum of Geriatric Happiness

  13. 13
    Posted by guest | July 24, 2009 at 6:01 PM

    What’s going on at Bank of Amerrillwide…was hearing 60k for 2nd years…any truth to this, because I’m finding that figure very hard to believe.

  14. 14
    Posted by guest | July 24, 2009 at 6:05 PM

    That bonuses are based on years worked tells you all you need to know about the value placed on actual competency (and that goes for all firms where bonuses are based on years worked, including and especially law firms.)

  15. 15
    Posted by guest | July 24, 2009 at 7:31 PM

    Yea, Stamford sucks balls . . .

  16. 16
    Posted by guest | July 24, 2009 at 11:31 PM

    @15, Yes, but RBS sucks Blanus.

  17. 17
    Posted by guest | July 25, 2009 at 1:51 AM

    good luck trying to get new analysts from campus or even lateral hires!

  18. 18
    Posted by guest | July 25, 2009 at 1:51 AM

    good luck trying to get new analysts from campus or even lateral hires!

  19. 19
    Posted by guest | July 25, 2009 at 5:58 AM

    They will have no problem hiring.
    Market forces bitches:
    Huge surplus of graduates/redundant analysts/unemployed MBAs + dwindling market = No bonus for you bitches, be thankful you’ve got a job.

  20. 20
    Posted by guest | July 25, 2009 at 9:50 AM

    That is not bad considering they shouldn’t even have jobs.
    I think the people propping up their failures are still not impressed.

  21. 21
    Posted by guest | July 25, 2009 at 10:12 AM

    Sorry, children, that you are miserable but rest assured it is for a good cause. You see, a few years ago the seniors of that bank wanted to get rich. So convinced were they of their deserving splendor that they thought nothing of ruining the bank.
    Cheer up, your pain now was their gain then.

  22. 22
    Posted by guest | July 25, 2009 at 4:45 PM

    And their will surely be a special place in hell for them so its not all bad.

  23. 23
    Posted by guest | July 25, 2009 at 9:40 PM

    When are MS bonuses?

  24. 24
    Posted by guest | July 27, 2009 at 1:24 AM

    Anyone have MD numbers?
    Oh yeah, I’m a hedge fund manager. :-)

  25. 25
    Posted by guest | July 27, 2009 at 10:44 AM

    @ 24, you mean to say you have zero transferrable skills?

  26. 26
    Posted by guest | July 27, 2009 at 10:51 AM

    @25 what he means to say is that he’s a douche who is repeating the joke comment “i’m a hedge fund manager what’s a [insert here]?” if he actually were a hf manager, he wouldn’t give a shit what md bonuses were at rbs.

  27. 27
    Posted by guest | July 29, 2009 at 12:24 AM

    @13 – confirmed.

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