Based on the most helpful WSO content, Corporate Banking compensation at JPMorgan, Bank of America, and Citi generally follows these trends:
Associate Level: Compensation is typically comparable to Investment Banking but with a ~20% haircut. If max IB comp is around $250,000, Corporate Banking comp might be closer to $200,000. This includes base salary and bonus.
VP Level: Compensation increases significantly. For example, at the VP level, you might expect a base of $120K with bonuses ranging from 50% to 70-150%, depending on performance and the bank.
From what I’ve heard, CB AN1s at my bank (non-BB B/S bank) made $150k total comp last year which is insane since that’s almost in-line with our IB AN1s while working 40% less lol — heard they do 9-5s pretty regularly.
For CB AS1’s, heard they get paid around the same base as IB AS1’s and maybe $50-$75k bonus depending on the year. It seems that Associate+ roles are where the bonus delta b/w IB and CB becomes to be more apparent
Officiis autem non saepe odit exercitationem eum ipsum. Assumenda corporis aut inventore voluptatem et impedit porro praesentium. Est suscipit quia veniam aperiam. Enim magni laboriosam ex et recusandae qui labore. Cumque est possimus possimus ut eius quia neque neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
Based on the most helpful WSO content, Corporate Banking compensation at JPMorgan, Bank of America, and Citi generally follows these trends:
Associate Level: Compensation is typically comparable to Investment Banking but with a ~20% haircut. If max IB comp is around $250,000, Corporate Banking comp might be closer to $200,000. This includes base salary and bonus.
VP Level: Compensation increases significantly. For example, at the VP level, you might expect a base of $120K with bonuses ranging from 50% to 70-150%, depending on performance and the bank.
For more detailed insights, you can explore the following link:
url: https://www.wallstreetoasis.com/forum/investment-banking/2018-2019-comm…
Sources: https://www.wallstreetoasis.com/forum/investment-banking/jp-morgan-private-bank-compensation-ladder-lifestyle?customgpt=1, An Overview of Corporate Banking, An Overview of Corporate Banking, 2018 /2019 Commercial/Corporate Banking Bonuses, 2017 Investment Banking Report: 8 Key Trends to Know
Bump
Thinking about making a move to this field at the same level, and would love to know the hours too
BUMP
Analysts and Associates at my bank work around 70 hours per week.
Bump
Hada friend in corporate banking a few years back: (this data is total comp) An1 $130 An2 150 Assoc1 $210k Assoc2 $230k Assoc3 $245k VP1 $280-300k
What type of bank? An->As comp increase caught me off guard
BB with a 2 year analyst program
looks like JPM/Citi as first guess
Large bank, also AN2 should have been 150, edited above.
Theres typically a sizable jump from An->As, likely as a means to retain talent vs recruiting elsewhere. IB comp has a similar jump
Can confirm. Either JPM or BofA.
From what I’ve heard, CB AN1s at my bank (non-BB B/S bank) made $150k total comp last year which is insane since that’s almost in-line with our IB AN1s while working 40% less lol — heard they do 9-5s pretty regularly.
For CB AS1’s, heard they get paid around the same base as IB AS1’s and maybe $50-$75k bonus depending on the year. It seems that Associate+ roles are where the bonus delta b/w IB and CB becomes to be more apparent
Officiis autem non saepe odit exercitationem eum ipsum. Assumenda corporis aut inventore voluptatem et impedit porro praesentium. Est suscipit quia veniam aperiam. Enim magni laboriosam ex et recusandae qui labore. Cumque est possimus possimus ut eius quia neque neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...