Jul 31, 2024

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.

4 Comments
 

Based on the most helpful WSO content, here are some insights regarding compensation for commercial banking roles:

  • BofA Corporate Credit: The base salaries are approximately 60/70/80/100 (likely in thousands) with a bonus of about ~20% at the analyst level.
  • Commercial Banking VP on the Underwriting Side: Compensation isn't particularly high, with a base of 100-130k and a bonus of 20-30%.

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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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

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