Commercial
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a large bank that deals with corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks.
Based on the most helpful WSO content, here are some insights regarding compensation for commercial banking roles:
It seems that a 10% bonus might be on the lower end compared to other roles within commercial banking, but it can vary based on the specific position and level of experience.
Sources: 2017 Commercial/Corporate Banking Bonuses, 2017 Commercial/Corporate Banking Bonuses, 2018 /2019 Commercial/Corporate Banking Bonuses, 2018 /2019 Commercial/Corporate Banking Bonuses, 2020/2021 Corporate and Commercial Banking Bonuses
That's probably about right. You should also expect the final % to be tied to a very complex matrix with metrics over which you won't have any direct control and includes a highly subjective factor which is up to management and driven by the overall needs of the bank to manage EPS.
expect $60-$70k base, bonus probably $5-10k.
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