• 23 Jan 2013 at 4:24 PM

Bonus Watch ’13: Credit Suisse

A few details from the House of Dougan’s bonus communication day.

“CS bonus communication day. Equities research, bonuses down 25%. Analysts, 10k base (70k-90k) bump , zero to 10k bonuses. Associates, many no base (110k-160k, lowered from 175k) increase, 0-20k bonuses. Mood is somber but many already had very low expectations.”

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Comments (55)

  1. Posted by dddd | January 23, 2013 at 4:32 PM

    thought this was bonus watch, not salary watch

  2. Posted by Editor in Chief | January 23, 2013 at 4:39 PM

    When you don't have the former, you might as well write about the latter (or the shrinking thereof)

  3. Posted by guest | January 23, 2013 at 4:40 PM

    Great value add. You should comment more often.

  4. Posted by guest | January 23, 2013 at 4:41 PM

    Are you retarded? The above post gives bonus numbers (and gives base pay numbers as context). In sum, fuck off.

  5. Posted by Guest | January 23, 2013 at 4:50 PM

    You're going to be bummed when the UBS bonus watch discusses the scaling back of employee benefits.

  6. Posted by MS Bonus Quant | January 23, 2013 at 4:58 PM

    Are those zeroes deferred or all-cash ?

  7. Posted by Guest | January 23, 2013 at 5:41 PM

    this is factually inaccurate

  8. Posted by UBS Comp Quant | January 23, 2013 at 5:45 PM

    Wait, we still have those?

  9. Posted by UBS HR | January 23, 2013 at 5:54 PM

    That is brutal, this helps

  10. Posted by Guest | January 23, 2013 at 5:54 PM

    ubs bonus warning*

  11. Posted by CS | January 23, 2013 at 5:56 PM

    heard they're handing out cheese and federer posters..

  12. Posted by Anon | January 23, 2013 at 6:05 PM

    ?

  13. Posted by CS FID MD | January 23, 2013 at 6:18 PM

    Cheese?!?!?!?!?! How do I join your group?????????

  14. Posted by Former CS Monkey | January 23, 2013 at 6:21 PM

    Numbers seem correct to me! I don't work there anymore, and so glad i quit last year.

  15. Posted by Current CS Monkey | January 23, 2013 at 6:32 PM

    What do you do now

  16. Posted by Former CS Chihuahua | January 23, 2013 at 7:41 PM

    Use my rigorous attention to detail to assemble top-notch buzz-feeds for leading companies such as YUM Brands, one thing I can tell you, is a T-Bell griller is a lot better than a swiss donut.

  17. Posted by zerosum | January 23, 2013 at 9:03 PM

    inaccurate.
    - analyst who got $53k bonus

  18. Posted by Suissekult | January 23, 2013 at 10:50 PM

    Heard Brady's ex is demanding an increase in her alimony…hence employees gotta pitch in

  19. Posted by Jeffy | January 23, 2013 at 11:18 PM

    So we're supposed to believe that IB analysts got less than 10K for a bonus….uh yeah right.

  20. Posted by Guest | January 23, 2013 at 11:39 PM

    Serious question- have hours in a typical work week dropped? Seems like it would be tough to get people to put in the long hours in exchange for a bonus that couldn't buy a new Honda.

  21. Posted by Guest | January 24, 2013 at 12:15 AM

    Completely false numbers on post. Analysts only get bonus numbers in July. Associates paid ~ 100k + in bonus numbers. Current base for first year associate is $110K and third year associate is $150k. Pay for VP's, DIR and MD's down about 15%. Most people pretty satisfied from what was paid out.

  22. Posted by guy | January 24, 2013 at 12:55 AM

    that is false. analysts get their numbers the exact same day everybody else gets their numbers. unless u work for some nutty division that is not IB.

  23. Posted by Works in CS IBD | January 24, 2013 at 1:24 AM

    These are definitely not CS IBD numbers, not even close. Analysts in investment banking (industry groups, ECM, DCM, lev fin, M&A, etc.) get numbers in summer, they're not on calendar cycle. The associate base numbers here are off as well. 1st year – 120, 2nd – 140, 3rd – 160, VP 1 – 175. Bonus varies hugely by rank/rating and year – middle buckets (mostly under 100k) were below street, top buckets (over 100k) were basically at street. The only number in this entire post or comments section that is accurate was the 53k bonus for 1st year analysts which was communicated and paid several months ago.

  24. Posted by Attention to Detail | January 24, 2013 at 2:34 AM

    Post said ER, not IBD

  25. Posted by CS Hot Tub Quant | January 24, 2013 at 6:18 AM

    It is 2007

  26. Posted by Guest | January 24, 2013 at 8:40 AM

    No, it's correct. Analysts get their numbers in the summer. They start in the summer, only a two year program, get their numbers at the completion of each year for them (i.e, the summer)

  27. Posted by Guest | January 24, 2013 at 8:42 AM

    Drawing three zeros on the paper doesn't make it so.

    -analyst who got $55B bonus

  28. Posted by Guest | January 24, 2013 at 8:44 AM

    Photo Caption: Come on, everyone loves a fresh donut.

  29. Posted by Guest | January 24, 2013 at 9:01 AM

    Its for CS Research, and suprisingly accurate. S&T analysts did slightly better

  30. Posted by Guest | January 24, 2013 at 9:59 AM

    Guess you've never heard of a stub bonus there, huh?

  31. Posted by FoF Analyst | January 24, 2013 at 10:23 AM

    I get paid more to work 35 hours a week. That's pretty dismal for a BB.

  32. Posted by 10xLevered | January 24, 2013 at 10:44 AM

    “CS IB bonus communication day. Equities research…"

    I see what you did there.

  33. Posted by UBS Analyst | January 24, 2013 at 11:12 AM

    Did not notice the "equities research" part….

  34. Posted by guest | January 24, 2013 at 3:01 PM

    This is for equities research, you dolt.

  35. Posted by Ding dong | January 24, 2013 at 4:25 PM

    Ummm. I am a 2nd year Analyst. I heard my bonus yday. You don't hear about it in mid year as per your joining cycle. They get you in line with the rest of the firm by diving your first year bonus in half and giving it to you in Jan for the 6 months of service and then getting you on track with year end bonuses.

    Also mine was in the 0-10K range :(

  36. Posted by guest | January 24, 2013 at 10:59 PM

    The $53k bonus is an investment banking number, not equity research…the post and some comments are kind of unclear when you say IB…most people would take that to mean banking

  37. Posted by guest | January 24, 2013 at 11:05 PM

    That's just pathetic…i would find a new career…how are you supposed to live on that??

  38. Posted by Duh | January 24, 2013 at 11:07 PM

    obviously another post referencing ibanking…

  39. Posted by testGuy | January 25, 2013 at 2:48 AM

    This is for research, right? Any range for S&T?

  40. Posted by CSAnalyst | January 25, 2013 at 12:46 PM

    S&T Analyst – 40k

  41. Posted by zagat IB guide | January 25, 2013 at 1:43 PM

    you mad brah? don't want the rest of the street knowing how paltry your salary is/will be next year?

  42. Posted by testGuy | January 26, 2013 at 4:41 PM

    1st year or 2nd year?

  43. Posted by CsJanitorEngineer | February 13, 2013 at 7:07 PM

    i know of groups let go 1 week before bonuses, that's seems at the very least not ethical…

  44. Posted by chat | February 20, 2013 at 11:07 PM

    goods blogs thankssad

  45. Posted by sohbet | February 20, 2013 at 11:07 PM

    goods blogs thankssadasd

  46. Posted by sohbet odalari | February 20, 2013 at 11:07 PM

    goods blogs thanksadsasd

  47. Posted by guest again | March 7, 2013 at 2:48 PM

    i know of 2 groups

  48. Posted by cinsel chat | March 11, 2013 at 7:38 PM

    Bloger admin thanks you yes onead

  49. Posted by seks sohbet | March 11, 2013 at 7:42 PM

    Hiçbir insan zorduurumdan hoşlanmaz

  50. Posted by sohbet | April 26, 2013 at 4:45 AM

    now much of financial/banking subject. Citigroup as in Citibank?

  51. Posted by sohbet odalari | April 26, 2013 at 4:45 AM

    h of financial/banking subject. Citigroup as in Citibank?

  52. Posted by sohbet | July 8, 2013 at 8:54 PM

    officers to investigate Blackstone's fishy financial transactions, but they wound up giving them

  53. Posted by العاب شاودر | September 7, 2013 at 9:12 AM

    Did not notice the "equities research" part….

  54. Posted by علاج الاسهال | September 7, 2013 at 9:52 AM

    h of financial/banking subject. Citigroup as in Citibank?

  55. Posted by العاب اطفال | September 13, 2013 at 10:37 AM

    Did not notice the "equities research" part….