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Career Resources
Corporate Banking, Non BB (foreign BB), NY/Chi
Analyst 1 Base: 70 Analyst 1 Bonus: I would ballpark it at 18-30, depends on your group obviously. (You also get your sign on bonus so add 5to this figure if you want to consider that).
Analyst 2 Base: 80 Analyst 2 Bonus: I would ballpark it at 20-40, depends on your group obviously. (You also get your associate promo bonus at the same time as your year end comp, +10).
Associate 1 Base: 115 Associate 1 Bonus: 30-50
NOTE: This is banking, so obviously your bonus figures are heavily dependent on the revenue generated by your group and by the IB partners. I’ve seen some people getting the bottom range of my estimate and I’ve also seen people getting 100% bonus at the analyst/associate level. More often than not it is within the bonus buckets I gave
Hours per week: 45-50 for my group. Other groups are more around 60 for their average week.
Exit opps: nothing like IB. I’ve witnessed one associate make their way to a debt fund, but that is rare.
(Typing this on my phone, excuse the typos/wording).
It’s all good, I’m bored rn so don’t mind writing out more.
Underwriting: Conduct analysis to come up with an internal bank risk rating as well as factors that influence how much capital the bank must hold to offset the risk of the loan. We’re not leading the vast majority of the loans so there is less to do in this category compared to the syndicate leaders (I.e. you’re not dictating the terms of the loan.)
RM: Exactly what it sounds. I know less about this because I’m an analyst, but the goal is to stay relevant and active with the company in order to win treasury or IB mandates. CB is not the IB RM so don’t expect a CB RM to be pitching bond issuances, but they will certainly be at the table and for long standing relationships may be the main POC for the client. CB lending by itself is not profitable because these are investment grade clients. You need to win IB/treasury mandates to stay profitable and to get your foot in the door for those transactions you need to be in the company’s bank syndicate.