Asset based lending compensation
Any idea on the compensation?
Type of bank: BB,Super regional, regional, community
Role: analyst associate etc
CoL:
Base:
Bonus:
Trending Content
| +3,544 | Bank of America - Juniors Strike to start Monday May 6th | 390 | 3m | |
| +792 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 3h | |
| +522 | This is a dark day for Wall Street. | 40 | 2s | |
| +252 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 26 | 1h | |
| +175 | Analyst at Bofa FIG-Thoughts | 28 | 3h | |
| +168 | Big Layoff at Barclays - 5/1/24 | 88 | 12h | |
| +154 | How to strike without being fired. | 19 | 3h | |
| +125 | “Americans just work harder” | 54 | 1d | |
| +122 | Shame on you, BofA. But also, the industry needs to change. | 17 | 1h | |
| +117 | BofA List | 24 | 5h |
Career Resources
Bump
Compensation sits somewhere between commercial banking and corporate banking at the junior level.
Analysts are around 90k all in while associates are around 115-130 all in.
BB (Top 5) AS2.
base:126k
Bonus: 30k
Hours: 60-70
Nyc
.
What are typical transaction sizes your group sees?
Depends. It can be a deal as small as $25 million or as much as $3 billion. Hold sizes will range from $25 million to as much $450 million. Really just depends on the deal and the bank’s role in the deal (Agent, JLA/JBR or participant)
Scandinavian Bank?
Nope.
wow. the comp, lifestyle, and hours seem unreal. would love to connect and get more insight if you're willing.
do you have any idea which firms pay the highest for abl?
Capital One????
.
I don't know how people get these type of payout.
Currently at top 3 ABL lender (BB)
Analyst 2
Base: $75k
Bonus: 15% (same for on analyst / associate)
Hours: 40hours (precovid) 55-60hours (over the past 6 months)
40 hours precovid and you're an analyst.
Guys above you were associates working much greater hours, so likely different ABL strategies?
.
Underpay is a understatement at my BB. All analyst and associate work on the same thing, there's literally no difference between analyst and associate. Let me put it this way, I work at one of the firm JPM/WF/BOA. The deal exposure is great, a lot of financial sponsor deals, worked on a bunch of deals that you will see on the news.
.
I would qualify this by saying make sure you know your shit. I heard of a mid tear bank looking for a Associate and all in comp was >200k . They interviewed people from wf/boa, ect and none fully knew their 3 statement modeling. As an Associate, if you're running accounts you should know how to model.
Can you DM me? I'm at a BB for ABL too and love to connect for advice
Amet et et sunt beatae dicta aperiam sequi. Itaque corrupti fugit quia ut quae tempore sint. Voluptas cum cum voluptatem qui et provident a velit.
Iure odit quidem deleniti quisquam. Deleniti expedita nostrum quos odit laborum accusamus quaerat. Nihil rem et omnis quia consequatur ipsam. Suscipit veniam ad dolorem voluptas dignissimos non. Nemo quae est nesciunt culpa doloremque.
In laudantium molestiae dolorem adipisci rerum est quo voluptates. Atque ut laudantium aliquid est incidunt in. Ea possimus laudantium autem amet aliquam. Sunt enim odio enim in blanditiis. Ipsa nobis cumque et ut.
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...