Bonus Watch '12: RBC

Junior mistmakers at the Royal Bank of Canada received their numbers last week. 1st Year (Top Tier): ~$52,000 2nd Year (Top Tier): $65,000 3rd Year (Top Tier): $85,000
Author:
Updated:
Original:

Junior mistmakers at the Royal Bank of Canada received their numbers last week.

1st Year (Top Tier): ~$52,000
2nd Year (Top Tier): $65,000
3rd Year (Top Tier): $85,000

Related

Bonus Watch '12: Wells Fargo Securites

Numbers for first, second, and third year analysts. 1st: bottom tier: 45-47k middle tier: 50k top tier: 60k 2nd: bottom tier: 57-60k middle tier: 65k top tier: 75k 3rd: top tier: ~95-100k

Bonus Watch '12: JPMorgan

Li'l Dimons started receiving numbers today. First year analysts (base 70k): Bottom tier: 40k Middle tier: 50k Top tier: 55k Second years (base 80k): Middle tier: 65k Top tier: 70k

Bonus/Layoffs Watch '12: Barclays

The juniorest of mistmakers have received their numbers (and a little perspective). "Barclays first year analyst bonuses: massive range, 20k-55k. Analysts got 20k, 25k, 35k, 40k, 45k, and 55k at top. Most groups are expecting cuts within the next few months so while some people are dissatisfied, most are just happy to have jobs."

Bonus Watch '12: UBS

Numbers for first and second year analysts (who are not happy). "It's been two weeks since UBS numbers came out and nobody wants to talk about it, for obvious reasons. Second years (base: 80k) ranging 45-65k and heard of some first years getting around 40k (base: 70k). And they could only achieve these numbers ("in line with the street") after firing 30+ analysts right before communication day."

Bonus Watch '12: Société Générale

The French bank has some very angry little mistmakers on its hands. "Societe Generale paid their 1st year investment banking analysts between 15k-50k in bonuses. Most juniors were furious, especially since this is 20-40% lower than Street. The firm is continually declining in the Americas within investment banking, and has reduced tremendous headcount over the past year. It relies heavily on trading revenues from derivatives, with very little resources dedicated to M&A, ECM, and DCM. In a period where other banks are cutting operations in the US, SocGen leads the pack in decline. In February 2012 head of CIB, Didier Valet, said that the firm would not compete with bulge brackets. Regardless of these negatives, SocGen continues to say that it is a top investment banking player. They are not, and juniors on Wall Street should know before entering into this trap."