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 — base pay, bonus and long-term compensation — while a first-year analyst, just out of college, can expect to make $105,000 to $145,000. Guarantees — contracts which promise to pay bankers a fixed amount for a certain number of years — 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 – 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

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