Week of 12/2/2024: Director Bonus Watch: News You Need to Know

Dear Readers,

This Week’s Bonus Outlook: Top 10 Employers for Compensation and More…

💵Bonus discussions are heating up across the street with the Canadian Banks expected payments this month, the Europeans, and Americans in Q1 and Japanese in early Q2.

 Here’s what’s on the radar this edition:

1️⃣ efinancial careers reports on the top 10 employers for compensation: Goldman, Jane Street, and others – where does your firm rank?

 2️⃣Citi limits overall bonus pool in restructuring but creates dozens of retention bonuses: Wealth division employees are beneficiaries.

 Make This Your Year: If you're not landing that MD title or locking in a significant bonus increase now, when will you?

 Don’t settle for hearing we will pay you “next year” – will empty words pay the bills? 

The Top 10 Ideal Employers for Compensation, 2024-25

• efinancial careers 2024 survey results released
• Citadel, Jane Street, Goldman, and JP Morgan listed as top employers
• JP Morgan is overall best firm to work for

Citigroup Awards Special Retention Bonuses for Dozens

• Designed to stem the tide of private wealth bankers leaving  
• Dozens of personnel will be recipients
• Report that the new head of the unit has shaken things up too much

I'm bothered by these results. Talking to your manager post-bonus is almost worthless. The time to have spoken with your manager was 2 months when you could have made a difference. All you will get now is worthless promises for next year!

🗣️Let's talk: mike@mikemittleman.com