Offshore, BB. It is not a good year so I am not expecting much.

I think the talk goes that keeping your job is a bonus. Although I heard that the firm would rather fire than cut compensation.

Either they keep you.. or fire you. Pay cut maybe more harder to stomach.

As I said, I am not expecting. Just want to know a benchmark since I am first year in the job (first year in IB, but not new to banking. I'm hired at the associate level). My department is still making a decent profit although on a whole the firm is not making money.

Noone wants to talk about compensation now.. in such a climate. But I was hoping for 2 months bonus (~ $20k?).