2018 /2019 Commercial/Corporate Banking Bonuses
I haven't seen too many posts on what bonuses and salaries are like nowadays since the 2017 thread. Curious to see if the pay bump at that associate-level affected Corp Bank or Comm Banking?
Here are the numbers standing since the last update:
Corporate Banking : A1: $85k + ~$45k A2: $90k + ~$55k A3: $95k + ~$65k
Aso 1: $140k + ~$80k-$100k 60-70 hours/week on average. Summers are more around 50; heavy deal flow around 80. Some weekends. NYC
Maybe easier to keep the same format like the 18/19 IB thread.
Title: (As / VP / D / MD and year being paid on) Rank: (Top / Mid / Bottom) Bank type: (BB / EB / MM) $: % Cash:
Posting under throwaway for anonymity.
Title: As1 - Commercial Banking (Relationship Management)
Base: $110K Bonus: $40K Hours: 40-45 with a few days of travel per month. Never more than 45 hrs. Bank: Top 10 Commercial Bank
NYC. Can’t complain but I feel like my base might be a little low.
That's depressing
To each their own. My definition of depressing is working 80-100 hours a week being someone’s legit slave & having no life
Title: As -1 (Commercial Banking - Rel mgmt.)
Rank: Top
Bank Type: Top CB
$75k ~15% ($86ish all in) Hours: Never >45 hours. Probably average under 40 if you take out lunch breaks
Tier 17 city
Anecdotally, it seems that the pay in commercial banking starts relatively low and ramps up quickly around the 4-5 year mark. At the VP level I expect to make $120+50% and $150+70-150% at the SVP level. For point of reference, on my path the VP level would be a junior relationship manager and SVP is a full fledged relationship manager.
It's highly subjective. From what I gather, tier 1 is usually NYC, SF, Chicago. Tier 2 is Charlotte, Atlanta, and cities along that size. Tier 3 is everything else. I say tier 17 because I've grown to hate my city and am counting down the days until I move.
Let's get the 2020 ball rolling:
Title: An2 (Corporate Banking) Rank: Mid/Top Bank type: Canadian 5 $: 35K % Cash: 100%