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Bonus-This year or previous year?

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Manager
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Joined: 17 Jun 2008
Posts: 69

Kudos [?]: 1 [0], given: 0

Bonus-This year or previous year? [#permalink]

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New post 01 Oct 2008, 21:07
When stating what your bonus in your app, are you supposed to provide what you got last year or what you will get this year? can you estimate this?

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Current Student
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Joined: 27 Jul 2007
Posts: 872

Kudos [?]: 207 [0], given: 4

Location: Sunny So Cal
Schools: CBS, Cornell, Duke, Ross, Darden
Re: Bonus-This year or previous year? [#permalink]

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New post 01 Oct 2008, 23:14
clubgmat25 wrote:
When stating what your bonus in your app, are you supposed to provide what you got last year or what you will get this year? can you estimate this?


Do not estimate. Use the most recent paid bonus.

Kudos [?]: 207 [0], given: 4

Director
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Joined: 14 Sep 2007
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Schools: Kellogg '10
Re: Bonus-This year or previous year? [#permalink]

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New post 02 Oct 2008, 07:42
What if your bonus is mostly equity? One year my employer calculated the current value of the equity portion, so I guess I can report that, but in the year prior they didn't, so I guess I'll have to report only the cash portion.
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Current Student
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Joined: 09 Apr 2008
Posts: 197

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Schools: Chicago Booth '11
Re: Bonus-This year or previous year? [#permalink]

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New post 02 Oct 2008, 07:51
I wouldn't use any outdated "equity value" calculations. What if your employer were LEH, AIG, or MER? Play it safe and just go with your cash bonus. Make a note of your equity bonus somewhere in the comments section for each job.

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Senior Manager
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Re: Bonus-This year or previous year? [#permalink]

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New post 02 Oct 2008, 21:46
Also, i have never understood what possible importance income could have, other than confirming that you were in fact employed.

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VP
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Re: Bonus-This year or previous year? [#permalink]

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New post 04 Oct 2008, 10:54
Tarmac wrote:
Also, i have never understood what possible importance income could have, other than confirming that you were in fact employed.


This is off-topic, but apparently, if you make a ton of money now, the adcoms might question why you are pursuing an MBA if there is no financial incentive for you.

Of course, this doesn't mean that people with high paying jobs can't get MBAs, but your reasons for wanting an MBA better be well defined.

RF
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Re: Bonus-This year or previous year? [#permalink]

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New post 04 Oct 2008, 14:21
refurb wrote:
Tarmac wrote:
This is off-topic, but apparently, if you make a ton of money now, the adcoms might question why you are pursuing an MBA if there is no financial incentive for you.
RF


I seriously doubt that. Lots of people pursue MBAs without obvious financial incentive. Heck, if anything, the opposite argument would be more convincing anyway - those who already make $ are pursuing an MBA out of passion and interest for their goals, whereas those who do not may not having anything more than $ in mind. By that argument, making more is good - not bad.... but honestly, I don't think it makes any difference whatsoever.

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Joined: 13 Feb 2007
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Schools: Harvard (No Interview), Cornell (Accepted), Duke (Accepted), Northwestern (Dinged)
Re: Bonus-This year or previous year? [#permalink]

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New post 05 Oct 2008, 17:07
I dont know what my bonuses were, and I couldnt find them. I just vaguely remember what they were approximately. I mean i didnt put they were 20 thousand, when it was around 1k. I am sure i am within a few hundred dollars.

I think salary is a way for them to use as a metric your 'growth'. So i think getting the salary right is really important. Basically its another way for them to look at your promotional growth.

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Re: Bonus-This year or previous year?   [#permalink] 05 Oct 2008, 17:07
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