I see a lot of people here have confusion regarding Tiers, Hike % and Bonus %. Maybe this understanding helps:

1. Hikes are independent of your performance or Tier. They are dependent on the pay band you're in. Pay bands are related to levels and your seniority within a level.

2. Bonus % is directly related to your Tier. Tier 1 gets the maximum bonus compared to other Tiers and so and so forth. The exact Bonus % for each Tier varies every year and is dependent on how well the firm does.

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My confusion is, if an employee performs better compared to peer and gets same salary hike, how would you expect them to perform in future. Merely for the bonus?

You can debate whether the formula is right. But it looks like that is the expectation of the leadership. The Bonus or variable pay range does increase as you move up levels.

What is the rough range of bonus at SA, M , SM & D level?

It varies each year but as a general trend, bonus %s are higher at the same tier and increase with increase in levels.
If (for eg:)
SA - Tier 2 is 7%
SA - Tier 1 is 12%
Then
M - Tier 2 is 10%
M - Tier 1 is 15%

These are just random figures - but this is a general trend.

Insightful. What would be the base pay range for SM in advisory..

SM range for advisory (MC/SC) starts from 50.
For TC it will be around 40

Are 2023 hires eligible for hikes

Not if you've joined post Jan-23

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