{ "media_type": "text", "post_content": "How do big banks (Read GS, MS, JPM) decide on year end bonus for employees??\n\nWhile negotiating comp. Should I focus on maximizing Base or Bonus, how does this impact future increments and overall payouts??", "post_id": "6077068a232b6700206309b2", "reply_count": 7, "vote_count": 2, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities", "feed_type": "bowl" }

How do big banks (Read GS, MS, JPM) decide on year end bonus for employees?? While negotiating comp. Should I focus on maximizing Base or Bonus, how does this impact future increments and overall payouts??

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Bonuses are good (better than Big 4). Maximize total comp

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Thanks, so in case if I agree on 50k year bonus at the end of negotiations. Would it be limited to this number going forward, or will they increase the 50k number by 5-10 percent each year?

Front office or back office role? I was back office at MS and bonuses are usually set with minimal discrepancy by direct managers. Negotiate base comp as bonus is not fixed.

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Corporate strategy role.

Yeah. Recently moved to a large bank. Bonus % typically set by group or role type and negotiable on the individual level

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Got it, what to do you suggest then. If I am asking for a 200k TC, which one of the following would be better Choice - 140 base and 60 Bonus - 170 base and 30 Bonus

Meant not negotiable on the individual level. Apologies for the typo. Given that, negotiate as much as you can on the base as that is the path to a bigger bonus. If your eligible for relocation, see if there are funds and paid time to do that. Also, if your eligible for RSUs, that could be a good thing to individualize

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Do you see this post? 12:59am

Ah now it did.

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Part of the crowd. The briefcase doesn't show in post details though.

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Ahh it is posting but into middle of feed as opposed to top.

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Yeah you're right. It cuts after two lines instead of expanding.

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