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I mean, I was counting on summer earnings + signing bonus to cover my tuition and living expenses for the year. In a typical year would make $15k over the summer and another $10k signing, this year they cut us to $7500 and I had to get a fast food job to cover my rent for the school year. So it certainly isn’t ideal...

 

I mean I would’ve been pissed too if I didn’t get a full-time signing bonus (~15k, 8.5ish after tax). You do realize many people actually need that signing bonus money to move-in to their new apartment full-time?? I would have never been able to afford my apartment without my signing bonus. With 2-3 month rent / security deposit up front, furniture costs, travel costs to the city, etc, you need at least 10k minimum in cash up front to sign an apartment.

I’m not sure if you’re from a wealth family and your daddy can write you a check whenever you want, but I sure needed the full signing bonus to get me started on my career and I assume the OP needs it too.

 

I read all of your comments and I’m not sure why you felt the need to be so aggressive to the op.. he literally said that it “kind of sucks” and you’re saying he’s crying and whining, what is your deal? It’s almost like you intentionally are trying to be angry about something

Edit: and more importantly his comment was literally on a thread asking about the ft sign on bonus. It’s not like it was unreasonable to answer the actual OP’s question

 

This is inaccurate. A friend of mine is at Blair and showed me their offer letter with a signing bonus included.

 

I’m not sure about this, unless they’ve changed it this year. Blair never gave sign on bonuses to interns, and they also don’t give sign on bonuses for converting an internship / FT analyst position and they also don’t give promotion/sign on bonuses for associates. Everyone thinks Blair pays above street but they really don’t. My flatmate works there and I’ve made the same as him every year and I’m at a BB.

 

MBA associate, so not sure if applicable to the analyst set but for MBAs the full signing bonus is broken into 3:

  • 40-50K signing bonus (you get this if you sign before your school-protected deadline, which is usually Sept/Oct for an offer received in August)

  • 5 - 10k Moving stipend (you get this even if you already live in NYC)

  • 10 - 15k early signing bonus (generally you have 2 weeks post-offer)

Generally, all in you are talking 50 - 80k pre-tax, with BBs at the low end and EBs at the high end. The other annoying thing is that BBs won't pay out until you start (so if you summered in 2020, you would get it summer 2021) wheras EBs usually pay by same year end (so by December 2020, in this example). That makes a huge difference when you are planning the dozen international trips for your 2nd MBA year (RIP class of 2021).

  • Bonus: there are ALSO diversity scholarships where firms will pay for your 2nd year
  • mega bonus - I know one bank that has had a lot of trouble recruiting women offered something well over 100k to one of their summers.
Array
 

Thank you, any other data points from this summer, BB or EB for MBA associates?

 

The perk of not having to recruit FT in an extremely tough time to recruit for FT lol

 

Quick question does that early acceptance bonus exist for lateral hires too? Like if you summered elsewhere and then leveraged a return offer from them to get FT offer from another firm? Or in that case is it just the 'signing bonus' (15k in your example) that you receive?

 

2 weeks. Also, the 5k relocation only comes with your first paycheck, while the others come after you sign.

 

top bb return offer for FT - 45k

25k signing bonus (expire same day as FT offer), 10k relocation, 10k early sign on (1 week deadline)

 

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