DH's was $20k, given in February 2014 for the 2013 calendar year. It was the biggest in his department at his level by $7.5k and made up about 18% of his annual compensation for 2014. I didn't receive one.
His 2014 bonus will only be 3/4 of what it should be b/c of his paternity leave. They tell you the number you would have gotten, let's say $10k, then say you only get 75%. I guess on some level it's fair, but on others it sucks.
H is in grad school so nothing there. Mine was over 20% of my base. At my organization, not everyone gets a bonus and even if you got one last year doesn't mean you'll get one this year. Last year my year end bonus was 10% of my base.
What type of job do you have to have to get a 2M+ bonus?? I think people are screwing with us. SPEAK UP!
Positions in companies like investment banks and hedge funds can have low (relatively speaking) salaries and the year-end bonus is the vast majority of compensation. When FIL was in i-banking he had a respectable salary X, but bonus was multiple times X. They lived off of MIL's salary because it was feast-or-famine.
What type of job do you have to have to get a 2M+ bonus?? I think people are screwing with us. SPEAK UP!
Positions in companies like investment banks and hedge funds can have low (relatively speaking) salaries and the year-end bonus is the vast majority of compensation. When FIL was in i-banking he had a respectable salary X, but bonus was multiple times X. They lived off of MIL's salary because it was feast-or-famine.
Your MIL was a lawyer, right? Was she at a law firm? Because that also can be feast or famine! Law firm partners often get most of their comp in quarterly or annual distributions (but those aren't considered bonuses).
But yes -- finance is what I was thinking of with the higher options.
Per CBNC, average pay for a hedge fund manager at a large fund this year was $275k base and over $2m bonus.
Positions in companies like investment banks and hedge funds can have low (relatively speaking) salaries and the year-end bonus is the vast majority of compensation. When FIL was in i-banking he had a respectable salary X, but bonus was multiple times X. They lived off of MIL's salary because it was feast-or-famine.
Your MIL was a lawyer, right? Was she at a law firm? Because that also can be feast or famine! Law firm partners often get most of their comp in quarterly or annual distributions (but those aren't considered bonuses).
But yes -- finance is what I was thinking of with the higher options.
Per CBNC, average pay for a hedge fund manager at a large fund this year was $275k base and over $2m bonus.