The take-away here is put in for that transfer to Brazil? From the front lines:
Associates:
Base salary going down for all:
Associate 1: 120k / year (down from 125k)
Associate 2: 140k / year (down from 150k)Bonus are still coming in but overall not good. Top Analysts 2 and 3 from last year received higher cash bonuses than several Associates 1 this time around. Associates 1 get 20% of bonus in stock for starters, % increases with seniority. Stock component schedule: 0% year 1, 50% year 2, 50% year 3.
VPs and above:
Supposedly base salary is frozen. For example, a VP1 becoming a VP2 will keep the same VP1 base salary from last year, indefinitely.Also rumored that Brazil I-banking at JPM keeps getting paid the most (still less than local competition, but significantly higher than NY. Realistic bonus expectation of at least 2x as much as NY, plus same base salary).
Yea, and the girl's have better arse's
-Hugh Hendry
Interesting use of apostrophes.
Well, if they book early they can get LoFares everyday to Braz/sil
I'd transfer to Brazil, but I don't speak Spanish.
I'd transfer to Brazil but I have an extensive criminal record there…
Associate 3: 160k / year (down from 175k)
A2 total comp this year (this is second bucket)
Salary 150 (above is correct that new A2s are going to be 140) – bump in salary to 160 (vs. 175 which is what current A3s were making)
Bonus 150 (120/30 cash/stock) – stock is 50% vested in 2 years and the remainder vests in 3 years
Confirmed that salaries for VP and above are frozen
Thing is with Brazil you have to factor in the $25k or so you need to bulletproof your car. Call it a cost-of-living adjustment.
Brazilians speak Portuguese.
You can't triple stamp a double stamp.
Additionally, the city of Beautiful Asses is a short jaunt.
-JPM 3rd Year Analyst/PT Mossad
Craptastic. Hope the JPMers can crash on their girlfriends' couches until this downturn passes.
Just wait until we start bulking up from eating veggie burgers.
- OWS'er
I might be able to help you on that one later this afternoon.
You're the first time I've ever seen more thumbs down than minutes since the post was made.
Speaking of Brazilian nether regions, I've always wondered what they call a full wax job in Brazil.
Getting paid more than an analyst is the NKI
An MF Global cash sweep clerk is watching the news with her husband when the newscaster says,
"Two Brazilian men die in a skydiving accident."
The blonde starts crying and says to her husband while sobbing
"That's horrible!!! So many men dying that way!"
Confused the husband replies "Yes dear, it is sad, but they were skydiving, and there is always that risk involved."
After a few minutes, the blonde, still sobbing, says,
"… So how many is a Brazilian?"
Was the husband a LEH extreme sports risk quant?
Stay in NY. Nobody wants you rodents down here.
-Former NYer, in Brazil.
Você é estúpido.
Standard
I thought Brazil was part of Latin America
-UBS Emerging Markets MD
I think you meant apostrophe's.
This kind of pay disparity is common at UBS:
NY Banker: You guys are really getting paid over two hundred thousand dollars?
Brazilian Banker: Two hundred thousand – real.
NY Banker: Real cash too, no stock – are you for real?
Brazilian Banker: Yes, it’s real.
NY Banker: Right.
tell it to compliance bitch, I customize my timestamps depending on the statement I need to produce.
1 Brazilian real = 0.5621 US dollars @ GDP per capita PPP $11210.36 dollars in December of 2010 – those guys down there must be killing it.
Too bad the plural of real is reais and "ray-al" doesn't sound anything like "reel" anyway. This joke doesn't work.
- JPM cross-cultural risk quant
You called?
Aren't there 2 kinds of currency in Brazil? The real and the whatchamacallit?
-Guy Who Is Envious of Brazil's Daily Crude Oil Production
For real?
Dunno. Wikipedia is broken.
The credited answer was "Royale with cheese."
Watch the movie Turistas and then tell me how you feel. Especially if you have a pierced belly button.
Hitlers
Wiki shut down for the day for the SOPA protest. Heck, I can't even get into WikiCleave………
Why move to Brazil when you can simply head to Miami?
This guy Mike seems to make out ok down there, though.
you need to use estar instead of ser, duh.
figured that out without Wikipedia?
Incorrecto, gringo estupido.
Gross! You may want to get that looked at.
"Estar" is for temporary states only. Stupidity is permanent. And you should know.
Why live, when you can simply kill yourself
It creates a slight breach of etiquette, but it passes.
- Ralphie as narrator.
weird
Head to Rio.. I hear BOPE is hiring..
Ergo populus loquor Latin. Rectus?
Amateurs……
Yes, he worked under Dan Cortese who was brought in to start that group in the late 90's.
Sed ne tunc quidem Romanorum?
-ex-Ursae procuratur periculum
Wrong. Blacked out.
Check out the movie, "Flying Down to Rio" (1933) with Fred Astaire for a realistic idea of Brazil during the Depression that was ongoing then. FYI, it's NSFW in some scenes.
-Guy Who Watches Old Movies
I can transfer as I have great salsa skills ..
- UBS Emerging Market VP
Pay still in line with range WSO gives for ibanker pay: http://www.wallstreetoasis.com/salary/investment-...
…what's all the crying about?
Romani, ite domum!
Quin tu istanc orationem hing veterem atque antiquam amoves!
The next time your ball comes over this fence, I'm keeping it. Now run along.
You're just making that up, aren't you?
I can transfer as I have great salsa skills ..
And most porn sites are shut down too!!
-Guy who's friend told him that
Thanks for the NSFW tip. I was going to project it on the trading floor and take the rest of the day off.
Dearest FKApmco:
Although you didn't need a briefing, I thought I'd chime in here as an investment banking client will be delayed getting to my office this afternoon due to a case of the flu and I have "tempis to necare" as they used to say in Pompeii.
A review of Calve Stulte's comment suggests he/she owns a copy of "How To Insult, Abuse & Insinute In Classical Latin", by Movric and Mardas.
Calve translates as the admonition, "Egg head!" and Stulte would translate today as "Dumbo" .
"Quin tu istanc orationem hing veterem atque antiquam amoves! would translate today as (and my Latin is a bit rusty) "Quit speaking in an old language…."
As a fellow student of humor I think you would know that the Greeks and Romans had sharp tongues. Today, some might say the Roman known as Cicero was the "Triumph The Insult Dog" of his day. That old "insult" humor surfaces often in Shakespearean works. Aulus Gellius (130 – 180CE) wrote "Attic Nights" about many subjects including "insult humor" back in the Roman day.
"Calve Stulte" was being polite in the use of alleged insult humor as much of the know scraps of it are vitriolic and sharp, sort of like a Don Rickles riff.
Further reading might be interesting and I'd suggest, "Roman Hands – An Oil Trader's Guide to "Dinner and a Movie" End Games", Cabaret Press, 45 pages, $69.00.
Stop spamming the comments with links to your dog-shit site. No one is reading it, move on.
Amo te…a really, really, really lot.
Luce sunt clariora tua concilia omnia
It would probably be more relevant than 99% of CNBC.
Does anyone know the bonus numbers for VP?
Nah, man.
– SEC Bro
Sorry Mrs. Jackson
Where did A4s come out? Stop the bs talk and talk about things people care about!
NY banker is a mute and Brazilian banker is deaf. This conversation was over inter-office IM you douche.
Associate 5: 185k/year (down from 200)
i get it, italian! you go, paesans.
At least JP has the money to build an indoor squash court in Grand Central. Tournamemt pays winners several hundred thousand. Thank goodness for that.
Romanes eunt domus!!!
There is no way to say this without sounding like a tool or that warburg fuck.
I thought we had some bigger or at least moderate hitters on here..
This is uhh….zeros in the bad way eye opener frankly
Contrary to popular beliefs I think JPM did relatively better to other competitors. Not only were JPM's risk management practices ahead of the pack, but we were able to avoid the mistakes of our friends, neighbors and colleagues of the finance markets.
That said, we were not down that much at all. Most I know are actually quite content.
Take that and shove it up BLANKFeen!!
Associate 7: 160/year (down from 200)
But you can't be sure they were born girls.
JPM sucks – they deserve to be paid like their commercial banking brethren