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.

Author:: Bess Levin
Updated:: Jul 2, 2019
Original:: Jan 21, 2016

From the front lines:

First year GS ibd analyst bonus was 35,000 (prorated to ~17.1) for 120,000 total comp (including 85,000 base). Everyone very unhappy, particularly given Citi numbers and the huge focus on analyst retention to associate at the firm (many now contemplating pe who hadn't been previously).

Related: Bonus Watch ’16: Angry Citi Analysts Are “Motivated To Jump Ship”

"Confusion and upset."

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

If you're unhappy about your bonus this year, perhaps it'll make you feel less alone to know Lloyd Blankfein's dropped, too. (To $23 million.)

Drinks on first-year analysts?

Bonuses paid in '08 that were of the look-but-don't-touch variety were turned into real live ones that you can buy things with last year. Two billion dollars worth of live ones.

While associates on up are said to be going into the weekend feeling good about life.

And backing up the rear for bonus across the pond: Société Générale.

The House of Lloyd is making cuts.