Signing Bonus on Ft offer
Congrats to those that have received FT offers from internship. Tell us about your signing bonus. How much is bonus? Is there an expiration date? Any other perks?
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You first
At Blair we got 0. Understandable because they gave everyone offers, but still kind of sucks
Poor you. You must have it really rough.
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
Dude stfu?
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).
"I know one bank that has had a lot of trouble recruiting women offered something well over 100k to one of their summers" - Sometimes I wonder if the gender pay gap still exists
Yes, it does.
Does that answer your stupid question?
The perk of not having to recruit FT in an extremely tough time to recruit for FT lol
25k at EVR for returning summer analysts. 15k is a signing bonus and 10k is an early acceptance bonus if you accept within 3 weeks. Offer expires in 4 weeks.
15k top MM
Bruh what is up with people going anonymous and still not saying bank name? Like you’re anonymous, don’t need to say “top MM”. There’s 50+ kids in your SA class so just name the damn bank
$50K at Centerview still
Never gonna be able to wrap my head around that 50k Centerview bonus at the age of 21, baller as fuck.