BB VP 2/3 Salary / Bonus
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Can only comment on USD figures (assuming that you're thinking GBP), but at that VP level, bonus should start to be 1.5x-2x base. VP 2 in the US is around $250k, and bonus should be in the $300-$450k range. At VP3, base should be in the $275-$300k range, and bonus should be in the $350-$500k range
*Realizing my math is more in the 1.25x-1.75x range......
Why are you suggesting this?
I just looked at you prior comments. Your VP2 at EB (top bucket) for 2020 was $565k total comp. Your VP3 at BB after lateraling (so, I guess a guaranteed) was $665k, in perhaps the best market ever.
A normal year for a VP2 at a BB is $500-600k for a middle bucket depending on the bank and year.
565k for a top bucket VP2 at an EB…? In 2021? Sounds low
Lol VP2 base the same as an EB’s AS1 base
Isn't base $275k across the street now? I think in a 'normal' year, VP1 is ~100% of base for mid bucket, VP2 is ~125% of base, ~VP3 150% of base. You can add ~20% of top of that for top buckets. And for this year, you can take ~30% off in my view.
The comp is so different in EMEA I would add London to your title. These USD data points aren't comparable even once you translate to pounds
what's the bonus multiple in London? Arkesden was saying 1x-1.5x base for VPs (in a good year)?
The are plenty BB VPs that are in the 0.75x to 1.25x of base range
Oh man, you boys are in for a rude awakening this year
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