Corporate Banking Analyst Salary and Bonus?
Can someone provide a range of salaries and bonuses for Corporate Banking Analyst positions?
corporate banker salary
Generally, at the starting level corporate bankers make the same amount as investment bankers ($85 k in 2018) but the bonus levels will be somewhat lower than it is for investment bankers.
Our users shared their insights below - however, it is important to note that this data was shared in 2014.
Corp. banking at a BB typically pays 70k base with 20-30% bonus for a full year. For those starting after graduation in ~June working for 6months would be looking at 10k sign on, 10k stub EOY bonus.Corp banking at super regionals is 65-70k base also 20-30% year end bonus, sign on 5-10k.
So, just to be clear, and I know this varies by firm and stuff, but CB and IB Analyst salaries are typically the same for 1st years at MM or BBs, $60-70k... and it's ultimately the bonus that's different for each, right? With CB bonuses at the analyst level being like $20-30k while at IBs its like $30-50k?
User @Morrah" shared for recent data from 2015:
Since the increase, an update at Citi is as follows:
- 1st year Analyst: 10k sign on (same as IB) / 85K Base (same as IB) / 25-40K bonus
- 2nd year Analyst: 90k base / 45-60k bonus
- 3rd year Analyst: 95K base / 65-80K bonus (if you stay through full 3rd year - many are promoted to associate in Jan)
- 1st year Associate: 40k sign on / 125k base / 75-100k bonus
- 4th year Associate: 165K base / not sure
- 1st year VP: 175K base / not sure
Want to learn more about corporate banking? Check out the video below.
Read More About Corporate Banking on WSO
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- Q&A Corporate Banking Associate
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Corp. banking at a BB typically pays 70k base with 20-30% bonus for a full year. For those starting after graduation in ~June working for 6months would be looking at 10k sign on, 10k stub EOY bonus.
Corp banking at super regionals is 65-70k base also 20-30% year end bonus, sign on 5-10k.
DO they still follow the same raise structure as IB (70/80/90)? or is it less set in stone?
Yes, they use same raise structure at BB's. Bonus is more. $30kish
Yes, they use same raise structure at BB's. Bonus is more. $30kish
What about at Associate level?
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So, just to be clear, and I know this varies by firm and stuff, but CB and IB Analyst salaries are typically the same for 1st years at MM or BBs, $60-70k... and it's ultimately the bonus that's different for each, right? With CB bonuses at the analyst level being like $20-30k while at IBs its like $30-50k?
65k + 10k sign on for me, off-cycle hire at a super regional.. Know some folks who made over 100k their first year after year end bonus.
Not a bad spot to be in.. Hours are not near as bad as IB and the comp is fairly similar. Granted, the exit opportunities probably aren't as good but it isn't a bad place to start at all
Holy crap if you use the search function, you will find so many posts about this.
You will be a terrible analyst anywhere if you don't learn to use the google
At my BB Bank: Analyst 1-Year: 10k Sign on/70K Salary/25-45K Bonus (depend on Tier) Analyst 2-Year: 80K Salary/35-55K Bonus Analyst 3-Year: 90K Salary / 45-65K Bonus Associate 1-Year: 40K Sign on / 110K Salary / 55-75K Bonus
Pretty good for only working 60 hours a week on avg.
you workin' with Jamie?
Nope
What about VP/ED level? thanks
How hard is it to transition from Corp. Banking to IB , or Corp. Banking to HF though ? I imagine it would be extremely difficult.. but i genuinely want to know
Not hard. I know someone who did CB SA and leveraged that during FT recruiting for IB at the same BB. He busted his ass all summer and had others vouch for him.
thanks
It's really not hard, it definitely helps if you are coming from BB. The issue is that some "Corporate Banking" groups at large regional banks deal with the type of clients the "Middle Market" group at a BB would work with so the experience can be vastly different depending on the type of analysis you would be doing (which in turn depends on size of client). For instance, if you are working with clients in the ~500MM range at a large regional bank, the number of publicly traded clients in your book will be very small. The other issue you come across is leading syndicated transactions vs. being a participant as the lead will do all heavy lifting in regards to the structure and you are merely underwriting at the participant level to see if your bank is ok with "taking" the terms put forth. With that said you do see some of the larger regional banks being involved in plenty of syndicated transactions, they just will not be leading the majority of the time. You might also end up doing a lot of bilateral (2 party) deals depending on the exposure.
Easiest transition is when you are coming from an industry specific Corp. Banking group and making a move to same IBD industry group (i.e. going from Energy CB to Energy IBD). It will also be easier to make an internal move within your BB after networking than say going to GS/MS. In short it is quite possible you just need to make sure you target the right opportunities. Exit opps are good as well and you have the ability to stay in corp. banking long term which gets more lucrative over time, you just see a lot less of the PE/HF exits (usually will happen after moving into IBD first) unless you are going to a credit fund (though Lev. Fin. experience is more desirable for moving into those roles). With that said, you can also exit to Lev. Fin or DCM roles after CB. Early on after undergrad, your exit opps are very broad and are also based in part on where you went to school and your stats there, working at a solid BB and getting good experience helps out a lot, you just need to have a good story...with that in mind definitely need to have the stats you would in UG when applying to these roles entry level (target/semi-target with good GPA+experience).
Can confirm 65k salary, 10k sign-on at a MM regional.
Very recently salaries are beginning to push up, following the trend in IB. Going into CB at BB and it's $80k. Friend at another BB for CB about to make $85k.
banana_boss any sense of what bonus is like for CB analyst?
I think there is confusion about BB Corporate Banking when CB is segmented with the Investment Bank, compared to BB Corporate Banking and the CB is separate. For example, I know at Citi the two are generally together and they pay the same salary as IB and just get 50% the bonus IB guys get. I know two guys in the latter, are 2nd year analysts and just busted $70k with their year end bonus. I suspect JPM/Citi are the former and Wells/BofA are the latter.
Corporate Banking Salary & Bonus (Originally Posted: 12/15/2006)
Does anyone know what the salary and end of year bonus is for 1st year corporate banking analyst? More specifically, what is the end of year bonus for JPM Mid Corp Corporate Banking group. Thank you for your time.
If you can't figure that out on your own, you are asking the wrong questions.
What the, man? I can't figure that out if someone didn't tell me... I bet you magically knew everything when you were born.
Same as investment banking
I know what salary they offered obviously, but I can't find any info in terms of what the end of year bonus ranges will be. I am expecting it to be lower than the GIB but I am hoping it is still at least 20-60 grand.
First Year Salary/Bonus: $55K / $10k - $25K Second Year Salary/Bonus: $60K / $15K - $35K Third Year Salary/Bonus: $65K / $25K - $40K
First Year Associate: $35K - $50K
This info was confirmed by a JPM recruiter
This shit is posted on like every other day. If you can't use your own resources to answer questions for yourself, then you are going to fail in finance. Its all about due diligence.
Actually I tried to search under "Corporate Banking Salary" and I didn't find the results I was looking for. If you don't like the "shit" thats posted don't waste your time or mine by responding. And I think I'll be ok in finance but thank you sincerely for your concern.
corporate banking salary info is not prevalent on these forums....and as you can see from my post above, there is a disparity. FYI, expect to earn about $5K more in both salary and bonus at other firms such as BofA and Citigroup. JPM is at the lower end...which sucks considering their corporate bankers spend half of their time pitching M&A and subordinated capital solutions. Frankly, I would hope corporate banking salaries would get bumped up over the next few years.
thanks monopolisf for your help. i appreciate you providing this information. although JPM mid corp banking is paid lower i feel this is definately a good group to get my feet. from my understanding it can open a lot of doors in different groups. thanks again for your help. ill keep hoping there is a salary bump.
You will work very closely with capital markets professionals in NYC as well as the M&A folks. Build a good rep and eventually you will be able to move anywhere you want to go within the organization.
Does anyone have any updates on this topic? What are the salary and hours like at Corporate Banking in Citi, JP?
I believe base CB salary in Citi is on par with IB (1st year 70, 2nd year 80, 3rd year 90) but bonuses will be less than IB for sure, I'm guessing 50-75% in each bucket range. Hours are way better, you will definitely have weekends sometimes and it's rare you're staying past midnight every day.
2010 numbers for corporate banking in Toronto (all confirmed), for first year analyst, and associates. Base/bonus.
RBC Capital Markets: Global Credit - only hire at associate level - 90k/30k BMO Capital Markets: LPG 70k/20k, 90k/30k TD Securities: Only hire associates - 90k/30k CIBC WM: CCP - 80k/15k, 100k/25k Scotia Capital: 70k/15k, 85k/25k JP Morgan: Mid Corp Banking - 70k/25k, Not sure about associates HSBC: Only hire associates starting at 90k + bonus.
surprised by this. when i was doing corp banking in 2006/2007, bonuses for 1st yr analysts were 40-75 w/ 60 base
Thanks for the input! I'm a third year at a target school in Canada but I've been bouncing around with a bunch of options I was wondering what the process was like for corp banking recruiting (esp compared to IB) However, I landed an corporate finance internship, and have experience with the federal tax authorities in audit. Do you have any hints on marketability when recruiting (primarily for corp banking)? Anything you did specifically to stand out and grab the offer(s)?
What's your source canadiangraduate?
That's higher than I would have expected.
Intern at two of them, accepted one of them full time last year. Rest of them are from direct friends.
Whats your school/background if you don't mind me asking?
I did a double degree (business and math) at the University of Waterloo and Laurier.
canadiangraduate: can you elaborate a bit more about corporate banking and what all it entails? There seems to be a dearth of info on the site about what corporate banking is, so if you can shed some light on that, I think it would be of great use to us all.
Depends from bank to bank, some have it as a completely separate group and others have it side by side with the IB group. There are different groups among CB, like trading room credit in which you help manage a portfolio of clients that trading facilities (i.e. contingent/uncommitted) to accommodate the exposure of derivative (foreign exchange forwards, interest rate swaps, credit derivatives, etc.), securities lending, repo transactions etc. This group works closely with the trading floor and usually manages the relationship. There are also the normal industry groups most people work for, like mining, real estate etc. These groups lend to corp clients through revolvers, term loans, bridge & acquisition financing, project finance, synthetic leases etc. There is also the syndications team and sometimes the leverage finance team. Hours are normally 55-65/week with some occasional late nights and weekends. You spend half your time working on new transactions, and the other half doing annual reviews on your existing portfolio of clients. A lot of wining and dining, since its more of relationship management rather than a one time transaction. Downside is you do minimal financial modeling, and have much fewer exit opps than IB. Most people end up working for 5-10+ years since they don’t burn out as easy. Apologize for the poor grammar, just rushed this. Hope it helps.
Thanks for this, very helpful!
Not to nag or be annoying but I really couldn't help and ask. I noticed you wen't to Laurier and Waterloo for Bussiness&Math which is w/o doubt a respectable degree in both fields - that being said, coming out of either school it seems as if the hype between the big four(Queens, Rotman, Ivey, and Shulich) is pretty much irrelevant considering you didn't go to neither of the four. You wouldn't mind me ask from experience what advice you'd give to someone in the hopes of breaking into banking? Sorry if I got off-topic with the thread, it's just I'm really worried I didn't get into Rotman and kind of stressed that I have to take Economics under Social Science (BA) in attempt to transfer after first year to Rotman (Bcomm). Thanks in advance man!
I had previous offers at RBC Cap Markets for base $110 bonus 110% of salary - THIS WAS CORPORATE BANKING
Also: TD Securities $125 Base and bonus 30%-100%
Associate position
Can anyone comment on the validity of the above numbers? I thought most Corporate Banking analyst salaries were around 60k total.
Those salaries are probably accurate. Remember that the CAD is weaker than the USD
bump!
Vilma, any chance you interviewed earlier today?
Either way, WF is highly negotiable. Ranges from 60-75k base for first year analyst, plus 10%ish bonus and a signing bonus
Thanks for the info! Was that number specifically for Wells Fargo?
I'm a first year at one of the large, Japanese banks doing CB. Base is 75k, no idea what bonus will be and everyone I worked with was 30+ so they're not very good proxies. I'm expecting 10-20k though.
Do you mind if I ask which Japanese bank you work for? I am currently interning at one..
bump
Would be keen to get an update on this?
Right now salaries are ranging from 60-70/70-80/80-90 for 1st-3rd year analysts depending on the bank you work for.
Not sure how many received the 25% pay bump, I am guessing every bank that has CB and IBD side by side did. Any monkeys able to chime in?
Not sure if this thread is dead but throwing out for reference that BBs bumped CB along with IB salaries this year
Same base as IB (85/90/95), bonuses vary but at my bank it ranged from 50-70k (analyst 1-3).
Corporate Banking Compensation (Originally Posted: 11/16/2009)
Can anybody offer any color in regards to total analyst compensation (at a bulge like BOA, JPM, Citi) for Corporate Banking? I saw some figures from several years ago but was curious if anybody knew of updated numbers?
What I'm thinking:
Base: $60,000 Sign-on: $5,000 Bonus: $15,000-25,000
Total: $80,000-90,000 first year
you're being very generous in the bonus department.
you should know that corporate banking generates relatively little revenue. while base can very from bank to bank (although 55k is a good ballpark) you should expect a bonus of ~5k.
agreed with the above, i had a friend that accepted an offer with one of the banks you mention and the sign-on wasn't even that high
You cannot compare corporate banking at BAML and Citi with JPM. JPM is in a league of its own. One of the hallmarks of JPM's platform is the strong partnership between the Investment Bank and Corporate Banking. The latter generally adds significant value with respect to winning capital markets/financing fees for tier 2 clients.
JPM Corporate Banking analyst bonuses range from ~$15k for middle-rank 1st year analysts to ~$40K for top-20% 3rd year analysts. Salary is in line with the broader corporate banking market. Unfortunately, I don't have any insight regarding signing bonuses.
Good Luck!
ANYONE HAVE UPDATES ON THIS? 2010 CORPORATE BANKING FIGURES?
im going to try and revive this thread, anyone got any 2013 data?
Corporate Banking - Definition? (Originally Posted: 01/27/2010)
corporate banking?
You have a shot at the larger firms but Corporate Banking is underrated. If you can break into BB corp banking the pay is great. Work long hours early on but eventually your job becomes flying around the country for dinners, golf, and fishing. The pay is 200+ by age 35. Def not as much as the big boys in IB, but not a bad life!
Is this still accurate today? How exactly do you break into BB corporate banking? Still interested in this as I am expanding my options.
I interviewed with PNC also for a first round in corp. banking/capital markets and they told me that their summer intern interviews would take place mid-late Feb. When was your super-day?
I had a friend do corporate banking SA for a BB for one summer and applied for IB analyst and got the job in the fall.
You don't get paid quite as much in Corp Banking as you do in IB, base salaries are the same though (in most BB), but salary varies. 1 year is between 20-45K for analysts, going up by 10k per year for the other two (salary goes up by 10k as well per year). You work on avg about 60 hours a week, so all in, the work life balance is unbeatable for the pay. People tend to stay in CB, because exit ops aren't as good as IB, although some go on to Mezz funds or Credit Funds, or Corp Treasury. If you stay in it, you'll be making the same base salary as any IB VP, Dir, or MD, but your bonus is still smaller. MDs make $400K base, with bonus around 300K. Pretty good for only working 9-5:30 M-F, with travel in between.
Corporate Banking Career Path/Salary? (Originally Posted: 10/31/2010)
Hi,
I was wondering what the career path and salary is for someone who wants to exclusively work in corporate banking and loan syndications. If anyone has info, please share for a silver banana.
Thanks
I'd like to know as well.
70k + 10k + bonus
some people from corporate banking move to ibd (if they network) or to F500 companies
one of my friends at a BB just switched from ibd to corporate banking after her first year. she is super excited as she is just getting a 40k bonus rather than ibd 1st bucket but is going to be working much less (relatively)
would corp banking or corp fin (f500 non-rotational) provide better exit opps/growth?
hey sherminator, whats the average corp banking bonus. so your friend would be earning 80k+40k?
Corporate banking total compensation (Originally Posted: 12/30/2013)
Hi,
I'm going through the recruiting process and I am wondering what the total compensation in corporate banking looks like. I understand the base is 70k, but I'm more curious as to what the bonus looks like. Specifically for Citi CB and BAML CB.
I've looked through the forums and picked up pieces of information, but there doesn't seem to be any strong consensus.
Thanks in advance.
Not as much as some say... ~20k max split between signing and 1st year
Doesn't that seem a bit low given that signing alone is 10k?
Yes but let's be honest it's not investment banking, you're not working 80+ hour weeks you're working 50-60 hours weeks. You're not earnings multi-million dollar fees on each transaction, you're earning multi-thousand dollar fees and the interest on each loan (which is not free, you only really make the spread).
ignorant statement
This isn't true at all. JPM CB first years work 70-80 hours a week on average. Bonuses 15-30k not including sign-on. I'm sure other BBs are right on par with this.
I know of some people in CB working hours not too far from bankers. Could depend on the firm..
I speak from experience in BB corporate banking, maybe I was just at the wrong bank. Didn't know anyone in the same position at other banks so maybe you're correct.
BB Corporate Banking Salary+Compensation, and interview review (Originally Posted: 02/19/2015)
First, I want to start off by telling about my interview experience at BB Corporate banking summer internship process. 1. OCR interview- very formal, fixed set of questions - Market related - Financial Statements and how they flow to each other - Situational questions, mainly on teamwork and hardships
- As much as I think it's important to meet everyone on the networking event, I think the key is to find people that you enjoy talking with and try to have a long conversation with them. - Interview set of fixed questions, and typical questions such as why us and why corporate banking. Tip would be to make a personable stories and be coversational. Don't present yourself so that it looks obvious that you memorized the whole thing.
My question is that how much Corporate bankers really earn? I have seen many posts about this but they varied so much. Someone said 70k/10k/25k-45k but also saw other posts saying 60k+ very little bonus and signing bonus. Can someone working in BB Corporate banking confirm salary+bonus?
interested as well
bump
Can someone give me an idea where this role would fall in the structure salary wise? It is a Portfolio Manager 2 role with Wells. Is this an Associate level role or AVP etc?
For Citi but if had to guess for Wells where would it fall here? 1st year Analyst: 10k sign on (same as IB) / 85K Base (same as IB) / 25-40K bonus 2nd year Analyst: 90k base / 45-60k bonus 3rd year Analyst: 95K base / 65-80K bonus (if you stay through full 3rd year - many are promoted to associate in Jan) 1st year Associate: 40k sign on / 125k base / 75-100k bonus 4th year Associate: 165K base / not sure 1st year VP: 175K base / not sure
The Corporate Banking Portfolio Manager 2 will focus on structuring and executing transactions and support more senior staff with financial/credit analysis for corporate customers. Duties may include: representing the bank in developing and maintaining client relationships with smaller/less complex clients; actively participating with more senior staff in the completion of transactions for the most important clients; reviewing and interpreting credit policies and procedures and incorporating requirements into credit analysis, observations and lending recommendations. In support of more senior staff, performs or guides credit underwriting work of more junior staff in accounting for all risk factors and providing risk rating recommendations. Responsible for developing presentation materials for client meetings and internal discussions; may take ownership of and lead follow-up items with a client after a call; sees items through to resolution to support broader deal team/organization. May direct junior members of team to help with client meeting material preparation.
Required qualificiatons: 2+ years of experience in one or a combination of the following: underwriting, credit, relationship management, or portfolio management; or successful completion of Wholesale Credit Management Training Program
Bonus season is nearing.. overall, was it a good year for you corporate bankers out there?
Looking at these responses I am in shock. I got offered 60k +5k sign on and ~5-10% EOY bonus with the BB I interned at. Guess it varies between banks.
2nd year analyst at big 5 Canadian bank in the US - 80k base (flat base salary for 1st to 3rd year analysts), 35k bonus. 60 hour work weeks, very few work weekends, so can't complain.
Going to revive this topic... at the AVP level at a BB bank in Credit within Corporate and Investment Banking group. Currently make $100k base with 20-25% bonus. Have an opportunity to move into Corporate Banking within the bank... before I attempt to go down the rabbit hole I have a couple questions.
1) Currently an AVP/Associate, what will I likely go to in Corporate Banking? Will I remain at that level or drop to a 2nd or 3rd year analyst?
2) What will the pay difference be between what I am making now and what I should expect to make? From reading this thread, seems like if I come on as AVP, should expect somewhere between $160 and $200 all-in? What about 3rd year analyst? I am not at JPM, one of the other BB.
A lot of this thread is in regards to BB Corporate Banking. Does anyone have insight into pay/hours of middle market corporate banking?
JPM pays off cycle from IB analysts but after an initial stub period and 10k stub bonus, base for 1st yr analyst is 85, 2nd yr is 90. Sign on 10.
Thanks for the response banana.
BB Corporate Banking Compensation Update (at least at my firm): * 1st Yr Analyst: 10K sign-on / 85K base / 25-40 bonus * 2nd Yr Analyst: 90k base / 30-45 bonus * 3rd Yr Analyst: 95K base / 35-50 bonus * 1st Yr Associate: 40k sign-on / 125K base / 50-60 bonus * 2nd Yr Associate: 140K base / 50-60 bonus * 3rd Yr Associate: 150K base / 55-75 bonus * 4th Yr Associate: 165 base / 60-80 bonus * VP: 175K+ base / 80-110 bonus * Director: 225K+ base / 125K+ bonus * MD: 400K base / 300K+ bonus
These are confirmed, but of course vary from firm to firm. This is for one of the highest paid BB CB firms on the street (this is not commercial banking salaries).
Would encourage those who are interested to give BB Corporate Banking a shot. IB is not for everyone. With all the turnover that IB has, I've had more than a few offers over the years to switch to our IB group on our floor, but have chosen to stay where I am. Not everyone in CB is trying to get into IB. CB is a lifestyle banking career path, which means you may not get paid quite as much as the guys in IB sitting on the same floor as you, but you are also averaging leaving the office between 8-9pm every night as an analyst (sometimes very late nights), and rarely do you HAVE to work on the weekends if you are efficient with your time and have a good group. I did 3 all-nighters as an analyst - that's it.
If you want to go to private equity, go to IB. But don't come on these boards and bash CB because they aren't IB and don't have the same exit ops - just like I wouldn't buy a sports car and bash people who prefer trucks and assume that everyone wants a sports car. That's the point, they are different for a reason. For someone who actually wants a life and to see their friends and family, I couldn't think of a better career path for ME. I get to travel internationally, attend very interesting client meetings with senior execs, work on a ton of interesting transactions, and get paid well. Works for me.
How would these comp ranges change for regional corporate banking? What about hours? Thanks for the update on BB CB and the comp structure. SB'd
From what I've heard, hours are less and so is compensation. Sometimes significantly less for both. Don't have an estimate.
You have to be careful as some groups say they are corporate banking but much closer to just larger commercial.
Corporate banking should be in the Investment Banking Group. There are some exceptions tho.
As far as exit ops are concerned, what are some of the most common exits you have seen so far in your career?
Exits include other corporate bank and unemployment
I've seen people go just about everywhere. Most commonly for people who choose to leave CB, they stay within banking but within other groups (DCM, IB, Lev Fin, Risk).
For those who leave banking, they usually go to a credit fund or into the corporate world in Treasury or Corp Dev / Strategy. Have also seen people go to join fund of funds, PE, hedge funds, too from CB.
Primary reasons for leaving CB or banking in general from what I've seen is either they aren't getting promoted, or they want a better work/life balance as an analyst.
.
"Worthless Corporate Bankers. They all want to be me!" ... all said while choking on his MD's sack at 3am on Friday night because a dead-end comps presentation is "urgent" to see by the morning. Lol!
Everything and everyone in IB is so "prestigious" right?! Haha, but what do I know... Based on your profile, you've already joined the elite ranks in banking as a 1st year analyst...
Sorry to see that you are so dissatisfied in your role that you need to spend 10 minutes bashing a role that pays very well, offers great experience, and has proven to be a feeder for credit funds, PE, and Corp Dev. You're such a narcissist that you believe each and every professional in the CB division originally wanted IB, get over yourself. I targeted CB in undergrad at a semi-target and worked my ass off networking and resume building with summer internships and student investment fund experience to land a summer analyst role in the CB division of a BB. I got there and worked my ass off again for two months and earned a full-time role with a 50% retention rate against students from Columbia, NYU, BC, and others. The road to CB is by no means a walk in the park, so delete that narrative from your mind. I would never come on this sight and bash any function of a bank because there are students grinding every single day to land an internship or full-time role in that division, whether it be IB, CB, Risk, Treasury, or Compliance and they don't need to come across a thoughtless post and end up getting discouraged. My guess is that you placed lower bucket in your bonus pool and checked this thread to see how you fared against your CB counterparts and were devastated to see that they took in just as much as you if not more while being able to take a week in Fiji and a week in Mykonos while you choked on MD meat at 2am changing the font on a pitch deck from Calibri to Lora.
Curious if there is a difference in compensation and how much it is now in 2021. I saw the increase from 2014 to 2016, but I can't find anything for today's pay.
Base is in line with IB at banks that house IB and Corp Banking together. Other banks (typically smaller regional banks) pay much less, starting at 60-70k with 5-8% annual raises and 10-30% bonuses. Did Corp. banking at both kinds of banks, definitely prefer ones that house IB and Corp banking together as the comp is greater with only slight increase in hours.
interesting. That seems pretty much in line with what everyone was saying about salary and bonuses in 2014-16 ish. I'm from right outside the city, and definitely looking to go to a bigger bank with the IB and CB housed together. But thanks!
Can confirm that base at BB is $85k, second tier is around $75k but with better hours (think 50ish average). BB Corporate Banking Analysts still work long hours (60-80 a week). All in comp for BB is around $105-$120k for first-year analysts. For second tier it's about $85-95.
Can anyone provide guidance on Corporate Banking Analyst/Associate/VP/Director Comp for Canadian Big 5 in Canadian Locations for 2021?
If you're in a top industry group does that enhance the comp?
I can't speak for Canadian locations, but I am at a Canadian big 3 in Corporate Banking in NYC and comp was up pretty big this year. We just got our bonus number this past week, and I just finished my first full year. A couple of months ago, the firm bumped our base from $85k to $95k, which is now going up by $5k due to year-end raise, so base as of August 1 will be $100k. Cash bonus is $53k, being paid with next week's paycheck. I think bonuses do depend on deal flow of your specific industry coverage. I cover the busiest group of industries (for analysts, my bank buckets 3 industries per "lane"; ex. industrials, consumer, FIG) so your comp will be tied to the performance of your "lane". All in all, good comp for first year out of college.
Would you mind if I DM you?
Would you know what the comp looks like at HSBC Corporate Banking? Not much info about the HSBC CB.
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