Piper Sandler Referral Bonus for Tech/Product Roles

Piper Sandler, a leading investment bank and asset management firm, offers a competitive referral bonus program to incentivize employees to refer skilled candidates. This program is part of their talent acquisition strategy to attract top-tier professionals, especially in high-demand areas like technology and product management. Below is a detailed overview of the referral bonus structure:

Referral Bonus Program Overview

• Eligibility: All full-time employees of Piper Sandler are eligible to participate in the referral program. Referrals must be external candidates not previously applied or interviewed for the role within the last six months.

• Bonus Amounts: While specific figures can vary, here is an approximate breakdown based on industry standards and available data:

  • Tech/Product Roles: $5,000 - $10,000 per successful hire.
  • Non-Tech Roles: $3,000 - $7,000 per successful hire.
  • Executive Positions: $10,000 - $20,000 per successful hire, reflecting the higher stakes and difficulty in filling these roles.

• Payout Structure: The referral bonus is typically paid out in two installments:

  • First Installment: 50% of the bonus is paid after the referred candidate completes their first three months of employment.
  • Second Installment: The remaining 50% is paid after the candidate reaches their one-year anniversary with the firm.

Process and Guidelines

1. Submission: Employees must submit their referral via the company’s internal referral portal, providing the candidate's resume and a brief note on their suitability.

2. Tracking: Each referral is tracked through the recruitment process to ensure transparency and proper crediting of the referral source.

3. Conditions:

   • The referred candidate must be successfully hired and complete the required tenure for the bonus to be payable.
   • The referring employee must be actively employed by Piper