Just curious how bonus is determined in the firm. There is no transparency on this.
- How much should employees expect each year?
- Does front office like traders earn significantly more than back office like IT and OPs. How much more is fair?
3 replies (most recent on top)
Front office bonuses are closer to base. In IBD they'll often exceed base. A good associate will likely get ~10k, a good VP 20k, and then it goes up from there non-linearly. The variable compensation for back-office IT is worse than other comparable complexity jobs at similar tier companies outside of finance sell-side.
Ask your manager
same here: )