It's bonus day for analysts at Morgan Stanley and things don't seem to have turned out as expected. This year's payouts appear to be considerably lower than hoped. Morgan Stanley didn't immediately comment on the generosity (or not) of its payments, but the Litquidity Instagram account claims that bonuses for London analysts were £36k ($43k), a 51% decline on last year. We spoke to one Morgan Stanley investment banking division (IBD) analyst in London who said confirmed the cut. "Everyone in my team has received 30% of their base salary as bonus," he said. "It's an insult when we hear that UBS are paying 60%." Morgan Stanley hiked its first year analyst salaries by £10k to £70k last October, with the increase coming into effect in January. Under the new bonuses, first year analysts at the bank are being paid around £91k in salary and bonus. Last year, however, they were paid closer to £133k when bonuses were higher.