Just out of morbid curiosity: do they really chase after you for the remainder of your pro-rated sign-in bonus if you leave earlier than anticipated? What if you get laid off?

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You don’t get another job in finance :)

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U keep it if you're laid off

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They write it off as a loss and later gets pushed down to debt collectors, it’s a bank after all, fuckers know what they’re doing.

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They will come after it - will litigate if necessary

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If you voluntarily leave they will come for your bonus exactly 12 months later (enough time for you to return to the company). I have had two friends who have had to pay theirs back (net of tax), one JPM the other Jeffries.

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My understanding is that they just debit it from your account, that happened to my friend at JPM

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At my bank I’m told they send 3 letters and then give up...they don’t want bad piblicity

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A friend of mine at DB had them come after the full pre-tax amount

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Their legal department will come after you (calls, letters, etc.). You negotiate pro-rata amount and settle. Pre tax amounts

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I left recently and they asked for my 10 back

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Curious as well

What happens if you don’t pay it back?

At my old EB an associate left within a year of starting. He had to pay back the full pre-tax amount within 30 days of leaving. I’m sure that cash constraint could create a bit of a deterrent to jumping ship early!

How much are these sign on bonuses nowadays? Range please?

50-60k for associates coming out of b-school

Analyst 1 left after a year and they went after her $10K signing bonus at MS

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Role: Senior Consultant
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Stack: .net

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HR is not responding

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