Bonuses are based on the performance of the firm, the group and of course yourself and typically range from 30 to 100% of your base salary. In strong years you might get 100% bonus even as a first-year analyst but it is by no means guaranteed. E.g. in 2023 (when deal volume was way down) you might only have gotten 50% because of the overall performance of the company even though your performance was on point.
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How are bonuses in IB actually calculated? Are first-year analysts really getting 100%?
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