Bonus Watch '10: Deutsche Bank

Author:: Bess Levin
Publish date:: Feb 12, 2010
Updated on: Jan 14, 2019

From an unhappy German:

Not a single investment banker I spoke with from any industry or product groups was happy with their number. A bonus of more than 140 resulted in 30-35% deferred compensation. Third year associates getting promoted were told they had to pay for their promotion and were "taxed." The ranges for IB associates (just bonus) are as follows:

Stub: 45 (up from 18 last year)
1st year: 70-175
2nd year: 100-200
3rd year: 140-300

Earlier: Bonus Watch '10: Zee Germans Will Be Clawing Back

The good news: there will still be bonuses this year, which is something! The even better news, for those who'd describe themselves as fans of tantric bonuses: it'll be a while before you see it all.

As for the rest of the staff? Expect something just a smidge above zilch/zip/nada.

The bank is said to be taking its time on bonus announcements this (/next) year.

The new CEO has big plans.