VP Corporate Banking - All-in Compensation
Hey guys. Can we gather some datapoints on Vice President comp is in the US for Corporate Banking? I’m thinking to lateral to BB but want some real datapoints before I enter negotiations. Thank you in advance.
Bank: State bank name or type (BBB or MM)
Year:
Base:
Bonus:
Have worked at regional and BB. At regional, VP comp all in was $200-$240 without much fluctuation for outperformance. As an associate at a BB last year, I had $280k in total comp. VPs make over $300k. If you’re doing CB, I’d highly recommend working at the 3-4 banks that widely overpay, but lifestyle is much closer to IB. Regional lifestyle can be 40 hours a week and making well more than most.
OP, to give you another data point I’m a VP at a non-BB and I cleared $340K. 40-50 hrs/week.
What’s your base?
that's great! could you share the bank's name?
Super helpful thank you
What are the 3-4 banks that overpay?
CITI? BOA?
Citi, BofA, JPM
Any figures for these?
$175 base, $100k bonus, $275k all in. “Super regional” bank, Atlanta/Dallas/Houston/Phoenix
40-50 hours/week
Nice considering hours.
I’ve found at the analyst to vp levels for CB, you can use the posted total comp IB numbers and then haircut by about 40%.
But I’ve noticed that the BBs pay their corporate guys quite well for basically doing nothing but wining and dining the client while getting the IB or product groups to do all the work.
Pretty sweet gig of you can get it.
Any more figures to report?
Bank: Super Regional
Year: VP 2
Base: $185k
Bonus: $125k
Keep in mind this bonus is much higher than target (45% of base). Our team had a great year in 2022.
Rerum consectetur rem culpa vel quibusdam. Cupiditate impedit odit nihil facilis et.
Rerum sunt temporibus et qui dolores nobis. Eos est eius dolorum ut rem voluptas et itaque. Perspiciatis enim sed nemo dignissimos. Alias sed voluptas dolorem quam qui veniam. Ullam doloremque itaque laborum.
Vitae adipisci iste dolorem aut eum. Nobis est tenetur sit sint illo. Id est rem ea et. Ipsam harum sapiente vero consectetur amet quisquam. Ut error provident dolores explicabo quo ut.
Ipsum et deserunt incidunt neque ex. Autem animi et doloremque unde. Vitae dolor aut quia fugiat libero et inventore. Non earum eum et laborum repellat. Aut sit dolore et natus.
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...