CIB Credit Risk Salary Progression
Starting FT at a BB this summer, wondering what the progression is like in base and bonus as you go up the ladder. For reference, will be at a BB with 90k + 10k sign on + unknown EOY bonus . Thanks
Ah, swinging from the trees of credit risk, are we? Well, let's take a look at the typical progression in the jungle of a BB (Bulge Bracket) firm. While I don't have the exact numbers for Credit Risk, I can give you a general idea based on the salary progression in similar roles within BB firms:
Analyst: You're starting with a solid base of $90k and a $10k sign-on, which is quite the bunch of bananas. The end-of-year bonus can vary, but it's typically a percentage of your base salary. Analyst bonuses can range from 10% to 100% of the base, depending on the firm's performance and your own.
Associate: After a few years, if you climb up to an Associate, you might see your base salary jump to the range of $120k to $150k. Bonuses at this level can be quite significant, often 1-2 times the base salary, depending on the same factors as above.
Vice President (VP): As a VP, your base could be anywhere from $200k to $250k, and bonuses can be quite variable. At this level, bonuses are more closely tied to performance and can be multiple times your base salary.
Director/Managing Director (MD): Reaching the canopy of the BB firm as a Director or MD, you're looking at a base of $250k to $350k or more, with bonuses that can significantly exceed your base salary, reflecting your contribution to the firm's profits.
Remember, these are just estimates based on the most helpful WSO content and previous WSO threads. Actual numbers can swing widely based on the firm, region, and market conditions. Keep networking and performing well, and you might just find yourself at the top of the BB tree!
Sources: BB AM Salary Progression, 2015-2016 salary & bonus discussion, BB S&T Bonus Progession, Career progression and salary for Market Risk in BB, What has been your total compensation progression in your career?
Understanding this response is from a bot, but this pay is definitely inflated.
Associates are not getting 100-200% bonuses in credit risk.
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