Now here's the problem. When the i-bank does not discriminate between who deserves a bonus and who doesn't, and also, doesn't leave the option of no bonus on the table, every little monkey starts expecting a bonus. It is no longer a bonus, but part of the expected base. Anger, resentment and greed jump in when someone gets a bigger one than you do. Defensiveness or bragging (depending on the extent to which the given analyst lacks cultivation) kick in for the monkey in the top bucket.
In between all this wonderful emotion is born the managing analyst syndrome. It's a rather vile and most primitive manifestation of a junior monkey feeling like they have become a big bad ape by being able to say they're now an analyst 2 and not analyst 1 and can throw £1,000 on a night out. This is very similar to the "MD + Lambo = mid life crisis" syndrome, as the said MD is clearly overcompensating for the fact that when his wife left him (he was still a VP then), she told him he was a lousy father and an even worse lover before slamming the door in his face.
Enough words of wisdom for this beautiful Summer day and back to an i-banker one and only love - the excel spreadsheet.