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15-07-2022, 04:33 PM
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Quote:
Originally Posted by Unregistered
I was the poster for the comment you replied to. So JPM just reported IB revenues came in 55% below forecasts. There are cycles and this is one. Last 1-2 years weren’t secular, it’s massively cyclical.
My advice to you is don’t think that you are entitled to >12 months bonus. Honestly besides doing decks, sending invites and triangulating and reconciling numbers on excel, you have no innate worth. You are a piece of **** and so am I.
The faster you recognize this, the less cognitive dissonance you have around pay variance and the faster you can adapt to this industry and ride the upswings and get paid bank and quietly do your work when times are bad. And actually enjoy the through-cycle comp benefit without the pain of cognitive dissonance.
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I am incoming analyst and guess what bro, I know we are all piece of **** who just mindlessly churns comments from our senior bankers. But one think for sure is all of us piece of **** are hardworkers, we grinded hard in university when everyone is just chilling. That being said, I would still expect to be paid handsomely as this is why I came to the field in the first place right? I don't come to the field to learn more about companies, that's only **** I tell the MD/D in interviews. So since you are experienced in the field, how much bonus on average we can expect (let's ignore last year one-off huge bonus), do you think average of 9 months is achievable in SG?
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15-07-2022, 07:32 PM
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Quote:
Originally Posted by Unregistered
Sounds like banks are fking trash garbage places to work at if you need to adopt such a backward psychopath mindset.
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Lmao. No one owes you a living. So my question to you is: is your work differentiated? For $250-300k can I not get yet another case club investment pitch hardo who did 18 months of internships? You already have $12k base which is 3x median and you think you are entitled to 12 months of bonus?
Point is the scale can swing and that’s why it’s a fking bonus idiot.
Anyway top US IB should be fine. Worst I heard was 3-4mths FWIW.
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15-07-2022, 10:02 PM
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Quote:
Originally Posted by Unregistered
Lmao. No one owes you a living. So my question to you is: is your work differentiated? For $250-300k can I not get yet another case club investment pitch hardo who did 18 months of internships? You already have $12k base which is 3x median and you think you are entitled to 12 months of bonus?
Point is the scale can swing and that’s why it’s a fking bonus idiot.
Anyway top US IB should be fine. Worst I heard was 3-4mths FWIW.
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no idea what the fk you smoking, you must have been working in garbage ass banks for too long with your passive aggressive psychopathic tendencies.
stay hard coping buddy.
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16-07-2022, 12:04 AM
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Quote:
Originally Posted by Unregistered
Lmao. No one owes you a living. So my question to you is: is your work differentiated? For $250-300k can I not get yet another case club investment pitch hardo who did 18 months of internships? You already have $12k base which is 3x median and you think you are entitled to 12 months of bonus?
Point is the scale can swing and that’s why it’s a fking bonus idiot.
Anyway top US IB should be fine. Worst I heard was 3-4mths FWIW.
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Ok feels bad. In buyside and without IB experience. My bonus is 4 months - that’s considered the worst in IB? Also base pay was in line with IB before the adjustments made during 20-21. Now it’s lagging IB…
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16-07-2022, 12:23 AM
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So can someone quote a top US IB bonus range (excluding last year abnormal bonus), GS/MS/JPM?
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16-07-2022, 11:17 AM
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Quote:
Originally Posted by Unregistered
So can someone quote a top US IB bonus range (excluding last year abnormal bonus), GS/MS/JPM?
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High single digit months as a floor I think. But who knows.
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17-07-2022, 04:55 PM
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Quote:
Originally Posted by Unregistered
High single digit months as a floor I think. But who knows.
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High single digit so a minimum of 8/9 months? So top bucket can expect 12++?
I have data of mid tier IB firm in Singapore and average was 6 months.
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17-07-2022, 11:04 PM
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Jane street core developer
YOE 2 - post tax 29k sgd / month base. Last bonus was 9 months ish
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17-07-2022, 11:19 PM
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Quote:
Originally Posted by Unregistered
Jane street core developer
YOE 2 - post tax 29k sgd / month base. Last bonus was 9 months ish
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joke who quotes base "post tax"
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