Sunday, February 25, 2007

Bonus Day

Feb 6th was Bonus Day - a day that everyone looks forward to with eager anticipation. However, its also a day of doom and gloom. No work gets done because people are either ecstatic or aggrieved over the size of their bonus. You're not allowed to discuss the amount of your bonus with anyone as it is a sackable offence! People try not to reveal their true emotions and when asked about it usually respond by saying that they are "content" and "not particularly happy nor particularly disappointed". Some people think they have been ripped off because they are earning a small proportion of the very large sums of money they are making for the bank.

Almost everyone in the bank gets some kind of bonus. A secretary might receive between 6-10% of his or her salary. People in back-office functions, such as public relations or IT, might get 40% to 60%. The big money, though, is "front-office" traders who make four or five times their annual pay!

So how did I do? I made AVP (Assistant Vice President). I'd just like to thank all my colleagues, friends and family for their support and kind wishes. Cheers!

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