When is usually the bonus period?

Question

Hi all,

While reading some answers on other questions, I found a very interesting insight. One of the coaches mentioned a chance to have a slightly higher turnover just after the distribution of bonuses (which makes sense if you wanna leave you may wait for your variable first).

Therefore, my question is: when does that usually happen?

My friends in M&A usually have their bonuses end of March (fiscal period timing). Would you say it is similar at MBB and other big consulting firms?

Many thanks,

Jerome

Answer 1

Salut Jérôme,

Fully aligned with Vlad ! I would also add that in any case if you leave the company by yourself, you will get your bonus prorated, so it really doesn't matter.

Best of luck in your preparation !
Benoit

Answer 2

Hi,

It happens end of the Year (December). However, you should not be thinking about that at all.

Hiring is not tied to turnover. Consulting companies have a turnover after each review and it's spread throughout the year. Pls concentrate on prep rather than calculating the odds.

Best

Answer 3

Bonuses depending on firm, are paid either at the end of the calendar year (December/January) or at the end of the Fiscal year (March/April).

I agree with Vlad that this is just a "fun fact", and you shouldn't be planning your applications around this as it won't affect their hiring.

Also note that usually, from manager onwards, bonuses are paid out 2-4 x per year to spread it out more (as the bonus starts to become a very significant part of your total compensation)

Answer 4

They all have models accounting for turnover, so fully baked in already. The economy and project pipeline are probably much more important, but neither is easy to model on your end.

Ignore the noise, focus on what you can control: be as prepared as you can and hope for the best.

Answer 5

Typically, in depth screening is completed by the ACs / Consultants at the office that you are looking to apply to on... (read entire answer)

Typically, in depth screening is completed by the ACs / Consultants at the office that you are looking to apply to once you have made it past the initial filters. HR will assist... (read entire answer)

Answer 6

Let me take a crack at this (in English) since no-one has addressed this. Top consultancies typically want the best... (read entire answer)

Let me take a crack at this (in English) since no-one has addressed this. Top consultancies typically want the best people regardless of their background. Yes, some roles are... (read entire answer)

Answer 7

This is a great, great question... that I suspect no-one can systematically answer :) Unless you have spent significa... (read entire answer)

This is a great, great question... that I suspect no-one can systematically answer :) Unless you have spent significant time working for or with all three, how can you truly com... (read entire answer)