KPMG 🐠: I begin working at KPMG mid June. Given that the FY ends in late fall, should I count myself out of getting a bonus this year, meaning my first bonus would be after 16 months of working? Not sure how this works. TIA!

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Cutoff was April 30th. Idk if you’ll even go through year end in October.

helpful

Correct. Hopefully you worked in some sort of signing bonus to make up for it.

helpful

Assuming you are a new hire and not an experienced hire. A few things to consider:
- bonus is usually based on performance year not fiscal year; per KPMG1 that cuttoff was 4/30.
- if the cuttoff was 4/30 then you will be missing 1.5 months of the next cycle as well so not only will you first get a bonus next year it will likely also be prorated.
- generally an experienced hire would negotiate a sign on bonus if joining towards the end of the performance cycle or in the beginning of the next one (they likely have up the past year bonus to make the move)
- just based on the way you wrote the question it seems like you are looking at the bonus as part of your comp; and while it most definitely it (and can be significant as you move up); try and stay away from relying on or expecting a bonus.

😎 thank you!!

No. Talking from experience.... I joined a few years ago in January, pre covid our practice was doing amazing. $0bonus $0 raise, justification provided by the Partner was that I joined too late. Even though recruiter said I’ll get a raise and bonus at year end.

If you joined in January you were definitely bonus and raise eligible. I joined in April a few years ago and got a raise at year end.

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