Blog Archive MBA News The Return of Big Bonuses

Blog Archive MBA News The Return of Big Bonuses In today’s paper the New York Times Reports on the return of Big Bonuses on Wall Street; most important to MBA candidates: “First-year associates, those just out of business school, can expect a range of $200,000 to $270,000 in total compensation â€" base pay, bonus and long-term compensation â€" while a first-year analyst, just out of college, can expect to make $105,000 to $145,000. Guarantees â€" contracts which promise to pay bankers a fixed amount for a certain number of years â€" are back, but only one- and two-year contracts, Mr. Johnson said. At the height of the technology boom, three-year guarantees were commonplace.” While this should be exciting news for MBAs seeking to quickly pay off their business school debts, this is a double edged sword for candidates â€" the promise of a lucrative payday, but also greater competition as more and more candidates are lured from other jobs to apply to school. For the full article: Big Bonuses Seen Again on Wall Street Share ThisTweet News