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Bonus Watch '16: Deutsche Bank Senior Employees Taking One For The Team?

Drinks on first-year analysts?
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In the last week, we've learned that bonuses at Morgan Stanleyand Citigroup were not exactly what junior staff were hoping for. Analysts at both banks are said to be "furious," "disappointed," and "salty" with the numbers their bosses wrote down and slid across the table, and are apparently wondering aloud if their talents might be better compensated elsewhere. One group of junior mistmakers that supposedly needn't worry? The youngest employees at Deutsche Bank.

Deutsche Bank is taking a new approach in the battle to retain junior talent: some managing directors are planning to make small cuts to their own bonuses so they can pay their subordinates more...bankers and recruiters have told the Financial Times that juniors — a term that typically covers bankers with less than a decade of experience — would do better than their bosses in this year’s bonus season...“It’s 100 per cent true [that junior bankers will do better],” one of the London bankers says, adding that the competition for junior talent was “phenomenal” because banks had hired so few people after the financial crisis.

Considering that back in October it was reported that Deutsche Bank was considering cutting its investment banking bonus pool by one-third-- which CEO John Cryan still thinks is too much--, this move would be quite generous!

Banks look to retain junior talent by boosting bonuses [FT]

Related: Bonus Watch ’16: Angry Citi Analysts Are “Motivated To Jump Ship”; Bonus Watch ’16: Morgan Stanley Has Some “Furious” Junior Bankers On Its Hands


Bonus Watch '16: The 10 Most Senior People At Deutsche Bank Will Share A Bonus Pool Of Zilch/Zip/Nada

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

Bonus Watch '16: Deutsche Bank Employees Might Just Wanna Forget About Bonuses This Year

Or at least keep those expectations somewhere between low and very low.

Bonus Watch '15: Deutsche Bank Will Update You On The Situation 5 Months Hence

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

Bonus Watch '16: Angry Citi Analysts Are "Motivated To Jump Ship"

The littlest members of Team Citi are said to be very disappointed in how Friday's bonus conversations shook out.

Bonus Watch '16: Goldman Sachs Analysts Are Not Pleased

Apparently bonus numbers anywhere in the ballpark of Citi's are enough to make a junior banker wonder about options elsewhere.