Discover your dream Career
For Recruiters
Who gets paid when?

The 2023 banking bonus calendar

It's bonus season in investment banks, but like summer in the Northern Hemisphere, bonus season isn't a consistent event. It comes and it goes. There are spates of intensity and lulls when not much happens.

Following today's announcement at Bank of America, we're in a lull. The big US banks have now disclosed their numbers and staff are waiting to receive the amounts in their bank accounts. The next bonus dramas will involve European banks in February and March, and then Japanese banks on the cusp of mid-year.

For more detail on who gets paid when, check the chart below with approximate bonus announcement and payment dates from New York search firm Quest Group. 

Headhunters are monitoring this year's payment dates with particular vigilance as they signal recipients' ability to switch jobs once the money is in their bank accounts. Quest Group managing director Michael Nelson says compensation compression at big banks is now here to stay: "Even in remarkably profitable years, banks are finding reasons not to pay their valued revenue earners and franchise carriers," he observes. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for family-friendy jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Behnam Norouzi on Unsplash

author-card-avatar
AUTHORSarah Butcher Global Editor
  • M&
    M&P
    26 January 2023

    Bonuses & raises were absolute trash this year. Got a 1% bonus and a 1.5% raise (tech) at Citi. Inflation is at 7%+, rent went up 40%, and you're telling me that a ~1% raise is justifiable?!?! Fraser even said on an AMA with employees that they would absolutely take into account inflation when giving raises/bonuses. Lying through her teeth while screwing off in Davos. Screw the banks

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Capstone Investment Advisors (UK) LLP
2023 Investment Graduate Rotation Program
Capstone Investment Advisors (UK) LLP
London, United Kingdom
Pearse Partners
Hedge Fund Equity L/S Analyst
Pearse Partners
London, United Kingdom
Python Quantitative Developer
New York, United States
ParagonAlpha
Quantitative Macro Analyst
ParagonAlpha
London, United Kingdom