properly research investment banking bonus pay outs.
10-30k bonuses? Add 1 or 2 more zeros on the end.
Al Lee commented
Bonuses vary widely across investment banking jobs and employers. While top jobs (e.g., VPs and directors) in New York City at major investment banks and hedge funds can earn $300K and up annual bonuses, not every job pays this well. For example, Investment Banking Analysts are generally recent college graduates. For this job, it is a good year when an analyst doubles his/her salary with a bonus.
Note: 2008 and most of 2009 were not good years to be an investment banker, and our data reflects this. When we looked last summer, the typical bonuses were down ~60% from two years earlier, e.g., from 3X base salary for a director to only 1X.
Bonuses started to turn around at the end of 2009, but only for the most successful banks. Look for rising median bonuses over the next year. It may take even longer to get back to 2007 levels.
Al Lee - Director of Quantitative Analysis PayScale.com