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.
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