All we’ve heard so far is average overall comp of $200k for first year associates, with about 25% of their bonus going into the “long term incentive” jar. Apparently mostsome people are putting off deciding how they feel about this until hearing how things pan out and Goldman (though not this guy). (And of course you’ve got this guy, getting nada, which would hurt a lot more if he didn’t have Cher to get him through the pain.)
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
nice hoodie
nice chest hair
nice marmot?
I have to get me a pair of those suspenders to go with that shirt he's wearing.
-mrp
Most people are definitely not putting off how they feel about it. People are fucking PISSED. I don't know or care what first year employees are thinking, they had no context. Anyone who's been around any amount of time knows they got ass raped. Management lied to us. All year we were told we'd be paid competitively, then they stabbed us in the back, slashed comp in Q4 and dropped the payout ratio 5 points from where it was supposed to be.
@5 are you going to slash some tires tonight?
@5 the above is from a 1st yr associate ie not a 1st year employee. and you should lay off the roids.
@5 – don't worry you'll be on the street this time next year.
this year blows
great review, bounce off of last year, and they still screw you
go work for goldman
liars!
we got screwed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Morgan Barney!
2nd Associate at a Regional and I cashed in $325k. ALL CASH.
So much fail in here.
I work at MS, morale is low, nobody wants to be in the this shit hole
200k, thats what me and my 4 teacher roommates make combined!
Shame on you greedy fat pig bankers!
Those who can, do
Those who can't, teach
@24 – What do you live in a fuckin' commune?
@24 And if you went to a state school (like any good teacher should) you have zero loans. Consider higher education and if you are smart you can be the change you see in your salary.
Teachers are fuckin idiots – this is why they make 40k a year.
my bonus rage is slowly fading and the double post rage is taking its place.
@24 Shouldn't you be on your 4 month break from teaching? Teachers get all the young pussy.
What the hell did you jerkoffs think you were going to be paid???!!! You lost money all year, almost took the whole f'ing firm down for good and basically presided over one cluster fuck after another! Now you want a bonus!!! Piss off!
Besides….Lynch, Gorman and Kelleher need their gazillion dollars each. Someone had to take one for the team. Sure, they caused most of the problems and managed like crap but….er…bygones, right?
I bet there are thousands updating their resumes as we speak.
Morgan Barney Rubble.
can someone please post real numbers instead of this crap talk on this. Where did the first, second and third years come out. Talk substance please..
this year blows
great review, bounce off of last year, and they still screw you
go work for goldman
this year blows
great review, bounce off of last year, and they still screw you
go work for goldman
liars!
we got screwed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
liars!
we got screwed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Morgan Barney!
Why are all you monkeys focused on first, second year associate numbers? Do you think the world revolves around you fux? Grab a sack (if yours aren't big enough) and go off on your own and show us how happy you will be. It would take you ten plus years to catch up to your benefits program…if you are even remotely successful.
Fuqing whiney bitches.
@40 um what? a simple post stating what some ppl will be making is indication we think the world revolves around us? kill yourself, you dumb shit.
@39"can someone please post real numbers instead of this crap talk on this."
can you please post a comment that makes any sense? thanks.
All these articles on bloomberg, the wsj, etc about bonuses being back at 2008 levels and salary raises of 50%, stopping just short of declaring the return of models and bottles.
Who's getting this money? I sure didn't, and haven't heard anyone at the associate level doing so either. I was tempted to ask if the number I was quoted was the first of 12 monthly installments.
Teachers are fuckin idiots – this is why they make 40k a year.
Since there are 15% less people, the total comp/person is higher than 2007. I heard there were 2 types of bonuses. 2007 type, and 2008 type. If you did not get at least what you got in 2007, you have been asked to leave. MS still thinks it is 2008 and there are tons of good people out there willing to kill for a job. Not the case, and they cannot fill the jobs they have open. Sad, they should have just let it fail in 2008. Would have been more respectful than the slow death it is going through now
=2007
200K total comp?? or bonus?
I guess some of the numbers look real. Since very few 2nd year analysts made associate level recently, any first year associates really have 4.5 years with the company (3 as asses, .5 stub, and 1 full year)
It is just going to be musical chairs. Most people are not happy with their own company with all the crap that they have been pulling the last couple of years. So people will jus switch. Seems that banks are willing to pay unknown people more than solid people they know. Probably cost my company $200K to replace me, and they will end up with someone else who is probably about the same (after 6-9 months of a learning curve). Guess the higher ups need to justify their existences somehow
MS was trying to pay out 80% of its revenue to reward worthless employees. You think any sane management would do that? I applaud the management and Mack. These guys are doing something right.
If you think your talent is worth more then go somewhere else. If you think you are really that good then trade your own money. If you're a d-bag banker then become a powerpoint consultant.
HAHAHAHAHHAHHAHA
In 2002, ist yr associates got 125K all in. Do you think things are better now than in 02?
Welcome back to Earth. Comp is only going down from here.
Morgan Stanley. Investment Banking Associate, by tier.
Compensation plan confirmed by insider, as of December.
Numbers represent TOTAL comp (base + bonus).
Class of 2008
190, 255, 280, 305
Class of 2007
230, 315, 340, 370
Class of 2006
300, 405, 430, 475
Deferred comp details:
Bonus 250: 35%
Thats what i'm hearing….
Did 51 just unintentionally give 49 some Ping Jiang treatment?
Class of 2006: $375 all-in
Class of 2006: $375 all-in
1 milllion dollars
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