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Is it normal for an offer letter not to include the % annual bonus for a BB IB analyst 1 role ? Does this mean the position is not eligible for a bonus?

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It’s normal OP. Not sure if you’ve heard stories but it’s part of the reason a lot of people got screwed the past year or so bonus wise. The firms aren’t legally obligated

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In principle bonuses are discretionary - But I know for a fact they always include them in offer letters for consulting positions. Does this differ in IB?

My offer letter didn’t include a % amount, but it said that they will pro rate and award I’m eligible for in the year that I start. It then went on to say that I am eligible for the annual bonus program as per their policy.

Was that an offer for KPMG or IB?

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