Last year was a bumper year for IB because of inflation/burnout base raises + bumper bonus. Even GS the chronic bonus underpayer came out to feed the quacking ducks.

This year good luck. You started last year, you literally have 1yoe, you haven’t seen IB cycles yet. Typically bonuses don’t go past 12m. I’ve seen a BB bank empty out its entire VP furniture when fees are bad.

I work in private investments in a alt asset manager. Ex-BB IB. 5-6 yoe. I’ve seen my comp get slashed in a bad year and go up to $1m in a good year. Once you see cycles you’ll stfu in good years and also just put your nose down and do your work in a bad year.