{ "media_type": "text", "post_content": "For sign on/relocation bonus - is it typical IB firms put a clause on that? Meaning would they make you pay back if you leave the firm within certain time frame, etc. ? Thanks!", "post_id": "6168697d71819e00261c8b80", "reply_count": 11, "vote_count": 1, "bowl_id": "5c04d0b643b531001738b601", "bowl_name": "Investment Banking - IBD" }

For sign on/relocation bonus - is it typical IB firms put a clause on that? Meaning would they make you pay back if you leave the firm within certain time frame, etc. ? Thanks!

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Yeah, usually a year

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Of course it is

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Pretty common from what I’ve seen

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Yes

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Had one year in mine as well, but post dec 31 it’s net of withholding.

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Yes, guess that has to do with it being considered compensation for 2021 and would be unfair to ask me to pay back taxes I owed for the previous tax year.

Would you say 1 year is common?

Appreciate everyone’s responses… how much were all your sign on /relo bonuses?

$25k and $10k

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Yes but chances are they wont chase you for it if you dont decide to pay back. Not many people who leave early pay back here (though they should). Firm sends letters but will not go so far as to sue kids given most end up at clients. Have heard many stories of people getting away w/ their 10k / 25k bonuses

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