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- Feb 13, 2010
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hey everyone,
I know this has been hashed out on here before, but I was wondering what people typically expect to get (gross) in bonus as an associate in year 2 of a contract.
I know the typical formula of 25-30 percent of 2-3x base salary.
i did not make any bonus year one which I believe is the norm, but it appears that I do have some say in changing the bonus structure for year 2.
My current bonus structure is 25% over 3x base salary but this seems barely attainable even in year 2, based on my last 6 months of returns (even though getting busier)
Does anyone have any experience with flat bonus of like 5 or 10 percent of all net receipts? Or maybe like 10-15 percent at 2x base? Should I expect some raise in base salary in year 2.
I want to be make the offer fair to both parties but I also want some bonus gaurunteed this year and the current system doesnt seem adequate.
I know this has been hashed out on here before, but I was wondering what people typically expect to get (gross) in bonus as an associate in year 2 of a contract.
I know the typical formula of 25-30 percent of 2-3x base salary.
i did not make any bonus year one which I believe is the norm, but it appears that I do have some say in changing the bonus structure for year 2.
My current bonus structure is 25% over 3x base salary but this seems barely attainable even in year 2, based on my last 6 months of returns (even though getting busier)
Does anyone have any experience with flat bonus of like 5 or 10 percent of all net receipts? Or maybe like 10-15 percent at 2x base? Should I expect some raise in base salary in year 2.
I want to be make the offer fair to both parties but I also want some bonus gaurunteed this year and the current system doesnt seem adequate.