Calling all Corporate Bankers

I am trying to put together a list for us like the ones IBer have. So could you disclose the bank you work for, typical hours, and maybe compensation? I think this is useful information for all of us in corporate banking. 

Lets make this go VIRAL!!

Comments (158)

  • NA in IB - CB
Apr 2, 2022 - 1:50pm

I just did below. Apologies in advance for all these questions, but I am curious because I heard BB are worked harder than other companies. Are you based in London? is it 50-60 hours every week? more towards 50 or 60? do you know if your US counterparts are doing the same hours? 

  • Analyst 1 in IB - CB
Apr 3, 2022 - 5:48am

More towards 50, but depends on deal flow. 70 if you aim at moving to IB later. US is a bit more, I guess. So far haven't really worked weekends, but some do.

  • Analyst 1 in IB - CB
Apr 2, 2022 - 9:53pm

Dude WTF so many people have been asking about Corporate Banking in London and no one has ever replied, this is the first time i am seeing actual numbers, why do you guys ignore those questions.

I wanna move from NYC to London as I do not like the prospects of flying around the USA and neighboring countries every week once I hit VP.

What are client visits like in London are there lots of international trips or do you mainly go to the midlands and places like that. Also do you have any idea of comp once you hit VP and above? Very very very very curious. 

  • Analyst 1 in IB - CB
Apr 2, 2022 - 2:51pm

Seems like Corporate Bankers are more afraid to lose their job by disclosing their infos than getting a salary bump. Lol

Most Helpful
  • Analyst 1 in IB - CB
Apr 3, 2022 - 6:19pm

Don't blame us, its probably the sweetest gig in finance, easy to break in and has been the best kept secret in banking for a while. 

We don't want it turn into banking 2.0 and have people from HYP clogging the system and bringing bad cultures from IB with them so I guess a lot of people are deliberately tight lipped.

In all honesty, I hate the new interest in corporate banking I am seeing and all the information getting out.

Kinda miss the days when an uninformed people on WSO would tell everyone to avoid it at all costs and call it a back office role with zero exit opps and 60k total comp at VP level. 

  • Associate 1 in IB - Gen
Apr 20, 2022 - 12:21pm

CB is a bunch of low IQ c*cks in my experience.  The good ones all transfer to IB and the rest stay and don't do anything other than push work to IB teams.

  • Analyst 1 in IB - Gen
Apr 4, 2022 - 2:57am

used to work in CB and left. it has very good hours to pay ratio but the job itself is highly administrative in nature until you're an RM and boring. the skillset also limits you to credit, which is fine i guess as long as you like credit. what im basically saying is that to call it the "sweetest gig in finance" is laughable but it isnt a bad gig all around

  • Associate 2 in PE - Growth
Apr 4, 2022 - 10:35am

Wdym lol. I started out in CB, realized the hours + comp don't justify the work life balance and lack of exit opps. The truth is CB is incredibly boring.. which goes to show when 75% of my class lateraled to IB (and that's after ~2-3 years, mind you).

If you want to be incredibly bored but have a fairly insulated job that can weather economic shocks, CB is right for you. Otherwise, I would just bite the bullet, do 2 years in IB, and go do whatever else you want to actually do with your life.

  • 2
  • Analyst 1 in IB - CB
Apr 2, 2022 - 6:22pm

Bank: U.S. BB

Title: Analyst 1

Base: $85K

Bonus: Expecting $20-$50K

Hours: 55-70

Umbrela: Corp bank sits within IB

Hoping this will lead us somewhere!

Apr 2, 2022 - 8:35pm
high hopes, what's your opinion? Comment below:

Bank: U.S. BB

Title: Analyst 1

Base: $85K

Bonus: Expecting $20-$50K

Hours: 55-70

Umbrela: Corp bank sits within IB

Hoping this will lead us somewhere!

20 to 50 is a huge range. Was that for previous years?

  • NA in IB - CB
Apr 2, 2022 - 10:17pm

could you specify the bank please? Its a BB so no one will know its you anyways.

Apr 3, 2022 - 5:14pm
WalnutBrain, what's your opinion? Comment below:

Lol I think it is Wells. I have been doing a lot of networking with the Corporate Bankers here (Houston) every big bank with CIB gets paid the same base as IB analysts. JPM, Citi, BoA all pay 110, everyone at Wells complains about being paid less than they should since it is a 3.5 year program.

  • Analyst 1 in IB - CB
Apr 24, 2022 - 10:27am

It's a fucking joke and we all hate it here because they won't pay us what we're worth

Apr 5, 2022 - 2:34pm
BickF, what's your opinion? Comment below:
Bank: U.S. BBTitle: Analyst 1 Base: $85K Bonus: Expecting $20-$50K Hours: 55-70 Umbrela: Corp bank sits within IBHoping this will lead us somewhere!

ok thats lit ahah

  • Analyst 1 in IB - CB
Apr 2, 2022 - 9:49pm

edit: removed info, its been less than 24 hours and i got networking messages on linkedin from hardos who wanted me to hop on a call, its a sunday evening, my MD has never asked me to do that. Agree with poster above, we do not want Hardo's here ruining shit. Stick to Moelis and MS to the guys who emailed me

Apr 4, 2022 - 12:19am
red_bandit, what's your opinion? Comment below:

People can't track you don't if you don't share glaringly public information. Saying the name of a bank, a generic title, and pay when posting under anonymous people cannot track you. People on here are insanely anal about that. Yes you can get tracked if you share non generic info… obviously

  • Prospect in IB - Cov
Apr 2, 2022 - 11:02pm

1st Year. 

Canadian BB Corporate Banking MM

Base 65K

Bonus: 20k

I guess middle-market coverage does pay a lot less.

Apr 3, 2022 - 9:15am
Kirosene, what's your opinion? Comment below:

Bank: BB

Title: AN 1

Base: €75k

Signing Bonus: €6k

Hours: 50-60 (70 if deal flow is hot)

Umbrella: Corp bank sits within Investment Bank

  • Analyst 2 in IB - Cov
Apr 10, 2022 - 11:27pm

Will follow up this with my info from STRH / Truist CB. This was pre-merger info and pre bank pay raises.

Analyst 1: Base $80, ~$25K bonus

Analyst 2: Base $85, ~$45K bonus

Hours were like 60 on average. Could be under 40 when slow up to 80 when busy. Worked with cool senior bankers who respected my time and just treated people right. Downside was work was largely internal (memos, screens, client planning) and work could be boring. Moved to IB and just took a MM PE role

  • Analyst 1 in IB - CB
Apr 4, 2022 - 12:09am

Wells Fargo haven't bumped salary for CB analyst, how are you making $120K base as a A2? Can you share more info?

Apr 4, 2022 - 12:16am
WalnutBrain, what's your opinion? Comment below:

Im gonna go out on a limb here and say he probably works in Investment Banking lol not CB, they are grouped but very obviously split internally with work duties and all that. No shot a CB analyst at wells is making 120k BASE with a 96k bonus idgaf if you live in Dubai no way you're in CB clearing 200k as a second year analyst. 

I got an Internship coming up this summer with Wells and they gave me a $1500 relocation stipend, thanks that will help me pay rent for half a month lol. 5k for the year in San Fran? Thats insulting

  • Works at Wells Fargo and Company
Apr 6, 2022 - 12:26am

The titles WSO allows you to pick from are a bit limited so I'm not technically in CB or IB either. Wells Fargo has a Renewable Energy Environmental Finance group which falls under "Commercial Capital" within the bank. But it's not Commercial Banking either, it's really it's own thing. Our group has an Originations and Business Development side and a Portfolio Management side. I'm not sure how I would label it on Wall Street Oasis, but we just do tax equity financing for renewables projects. 

  • Analyst 1 in IB - CB
Apr 4, 2022 - 10:01am

There is an anonymous survey for current CB comp: 

https://forms.office.com/r/2UNVizZ35g

Will share results once there are more responses.

  • Analyst 1 in IB - CB
Apr 4, 2022 - 10:10am

This may be better for those looking complete anonymity!

  • Analyst 1 in IB - CB
Apr 4, 2022 - 1:59pm

Bank: C5 in NYC

Title: Analyst 1

Base: just bumped to $115K

Bonus: probably 20-40k idk

Hours: 60+

Sign on: 10k

  • Analyst 1 in IB - CB
Apr 4, 2022 - 2:48pm

Wow, that is a great base salary. Do you mind giving the bank's name?

Apr 4, 2022 - 6:41pm
high hopes, what's your opinion? Comment below:

Bank: C5 in NYC

Title: Analyst 1

Base: just bumped to $115K

Bonus: probably 20-40k idk

Hours: 60+

Sign on: 10k

Comical that base for an AN2 in Canada at a C5 is 90 and management has indicated they have no interest in boosting/matching.

Canadian market has and will always pay less. If US CB doesn't pay base at that level in US they'll get Cantor level talent or something worse than KeyBanc given NYC costs 

  • Analyst 2 in IB - CB
Apr 5, 2022 - 3:45pm

Sure, analyst base is $100/$105/$110 (last year is assumed, current first years are the first year that will have the 3rd year stub). Bonus pool last year for 1st years was $20-$40k. Regional groups are aligned with regional LevFin as juniors, industry groups have dedicated LevFin verticals so act as more of a hybrid coverage/LevFin junior, + the CB/RM stuff. Generally work 45-60 hours a week but probably on the lower end compared to other analysts. DM me with questions

  • Analyst 2 in IB - CB
Apr 5, 2022 - 3:52pm
ctgj2

Regional groups are aligned with regional LevFin as juniors, industry groups have dedicated LevFin verticals so act as more of a hybrid coverage/LevFin junior, + the CB/RM stuff. 

Can you elaborate on the above more clearly to help newbies understand? Wdym by regional groups aligned with levfin as juniors? wdym by "industry groups are hybrid coverage/levfin junior + CB RM stuff? 

  • Prospect in IB-M&A
Apr 5, 2022 - 2:47pm

Im currently CB Analyst at American BB (in Europe) I feel the hours in the above comments are so low, it is typical to leave at 9 to 10 and 1 AM-2 AM in big days. $85K + bonus. Dont even agree with the "boring" fact, transactions itself are less exciting than LevFIn or M&A but the practical tasks are not 

Apr 5, 2022 - 6:33pm
Monkey_Jeff, what's your opinion? Comment below:

C&IB, Australian Big 4 Bank:

Figures in AUD and educated estimates above the Associate Director level

  • Analyst: $95k Base
  • Associate: $110k Base
  • Senior Associate: $120k Base + 10% Bonus
  • Associate Director: $160k Base + 20% Bonus
  • Director: $200-$300k Base + ~20-40% bonus
  • Head Of: >$300k Base + 30?% Bonus
  • Executive: $500k -$800k Base +30-50% bonus

Was Analyst 1 in C&IB - no bonuses until senior associate. 

Hours depend entirely on group but given bureaucratic pay structure and public eye, comp is flat across all groups. Pay almost identical across mid and back office roles until ~Level 4 (Associate Director) where the ceiling is higher in C&IB. 

Hours (per week):

  • Project Finance: 60-70+
  • Leveraged Finance: 60-70+
  • Industrials/Other Core Corp Banking areas: 40-60

Generally speaking, work as analyst/associate is almost entirely credit analysis/systems/admin based with limited model building capacity. 

In the specialist groups (PF, LF, Securitisation, Resources, Hybrids), is more of an origination focus and modelling can be quite intensive - often used as springboard to IB and well regarded within industry. Hard to justify the hours with the flat pay structure. 

Feel free to message or comment for further details.

Apr 5, 2022 - 8:37pm
Redan, what's your opinion? Comment below:

Sounds like NAB (the only big 4 with a hybrids team that has an analyst level). I know NAB is paying up higher than competitors right now so rest of market probably still 5-10% lower for the next couple of months until forced to match.

Apr 5, 2022 - 8:18pm
d0xaa, what's your opinion? Comment below:

Bank: European Bank

Location: Europe

Title: 1st year analyst

Comp: €67k base salary

Bonus: weak €5k

Hours: 40/50 h

Umbrella: integrated to IB (CIB Division)

Salary will probably bump to ~70-73k second year and 80k third year but wanna lateral for IB (Levfin or DCM, no M&A)

  • Analyst 2 in IB - CB
Apr 7, 2022 - 1:52am

CCBSI AS1 is $140 base now I think, VP1 is $170 base. Not sure where bonuses ended up exactly but I think TC for associates is $200k+ and VP1 is $250k+. There's a push to increase pay to match the IB raises that were given out a couple of months ago but no news yet from the higher ups, probably because pay increases would need to trickle up as well if that happened

  • Analyst 2 in IB - CB
Apr 7, 2022 - 6:25pm

CCBSI AS1 is $140 base now I think, VP1 is $170 base. Not sure where bonuses ended up exactly but I think TC for associates is $200k+ and VP1 is $250k+. There's a push to increase pay to match the IB raises that were given out a couple of months ago but no news yet from the higher ups, probably because pay increases would need to trickle up as well if that happened

is this the same in Canada as it is in the USA? 

  • Analyst 2 in IB - CB
Apr 7, 2022 - 7:30pm

This thread is on corporate banking; I'm sure there are dozens of other threads that can provide insight into JPM CIB. 

Apr 7, 2022 - 7:42pm
OverCompensatedTeller, what's your opinion? Comment below:

I have a few questions for existing relationship managers out there that pertains more to the actual job, and think any responses would greatly benefit this thread.

1. What are your annual goals? If you don't want to be specific, a general idea would be great. 

2. How much time do you devote to generating new business vs. handling existing business?

3. How successful have you been in bringing on new clients?

4. How often are you doing after hours entertaining?

5. How often are you cold-calling?

6. On a scale of 1 (deals come to you) to 10 (you want to quit your job) how difficult is it to meet/surpass your annual goals?

Any insight would be very beneficial for myself, and I hope would add a little more job specific info to the thread outside of hours/pay. 

Apr 10, 2022 - 11:21am
MonkeyOfTheYear, what's your opinion? Comment below:

British Bank

Corporate Banking under Investment Bank umbrella

Ana 2 £55k + 10% Bonus

IB comps are so transparent, would love to see more data points across corporate banking

  • Prospect in IB - Gen
Apr 11, 2022 - 6:36pm

Corporate banking ANA1 £50k+ 10/15%bonus

Apr 24, 2022 - 7:51am
rbkx, what's your opinion? Comment below:

Bank-Japanese

Role-VP for underwriting / credit portfolio manager

Base 170 Bonus ~40% (top rated, average will be ~30%)

Hours are becoming more difficult since i started structuring deals with private equity sponsors (credit focused) but not insane - work nearly 20% of the weekends. TYpical 50-60/week. rarely 70 hours including 20% weekend work

Apr 24, 2022 - 8:19am
rbkx, what's your opinion? Comment below:

Also going to tell you what i have seen (largely due to my juniors leaving, salaries have definitely increase even during 2021 and as people left later, got better salaries):

- AN3 ---> going as Associate 1 at BB in Corp Banking (NY position) - 150K Base Bonus: ~50K; Hours look easy well within 40-50

-Associate 2-Going as Associate at EU BB bank (NY position) - 130 K Base Bonus: Not disclosed

- AN3 ----> Associate 1 at BB (TX / non NY position-) - ~130 base Bonus: colleague did not disclose exactly but around 20%

- Associate at a Canadian BB position (NY only): 175 Base (perhaps upped from 160 just to attract talent, not sure of bonus / not sure if this becomes new standard [I think some Canadian banks were looking for good talent]

- VP at Canadian BB (NY only) - 200 Base; Bonus expectation of ~40% 

  • Analyst 1 in IB - CB
Apr 26, 2022 - 8:28am

yea that on top of the 1.5 years until promotion to analyst 2 (and 2 years if you're off-cycle!)

  • Investment Analyst in CB
Apr 24, 2022 - 1:27pm

Citi

1st year Analyst

$85k base.

40 hours/week

  • Investment Analyst in CB
Apr 24, 2022 - 5:21pm

Placeat qui nisi omnis facere. Illo non asperiores est id.

Aut voluptas accusamus fuga in tempore. Quia porro et possimus eum repudiandae sit. Veritatis rerum officiis et aut. Non expedita quia aut saepe quam laboriosam.

Quis sequi voluptate optio natus. Magni voluptatem iste architecto aut minima. In quaerat nihil et. Quisquam est ut vel. Quis accusantium error animi ab. Repellendus commodi quia consectetur.

Laborum quia voluptatem cum. In aliquam et soluta soluta aut fugit eos. Ipsam commodi autem veritatis ut quos. Repellat ipsa rerum est tenetur illo consequatur quia.

  • Intern in IB - CB
Apr 25, 2022 - 11:50pm

Magnam rerum et ut magni aliquam. Ut ipsa porro et dolores dolore id ipsum. Sit est iure minima necessitatibus qui aspernatur.

Delectus officiis fugiat optio voluptas molestiae qui eligendi temporibus. Esse suscipit distinctio deleniti eveniet aut esse voluptas. Dignissimos veniam et quod quia accusantium. Quae eaque libero eaque. Sed facilis eius vitae cumque velit et. Et est voluptatibus ut labore non. Ut nostrum labore blanditiis rerum.

Sed perspiciatis labore temporibus ut adipisci. Aliquid eos consequuntur veritatis ea repellendus aut.

Commodi qui tenetur amet ex. Porro labore sint illum vel recusandae. Non aut dignissimos velit. Et est nemo et perferendis facere similique sapiente.

  • Analyst 1 in AM - FI
May 9, 2022 - 5:53pm

Cupiditate nemo quam temporibus vero. Suscipit minima consequatur ut qui ullam quae facilis. Nisi placeat sit non saepe aliquam cumque rerum. In repudiandae optio cupiditate odio. Rem hic laborum a.

Ullam quia soluta eum pariatur. Blanditiis nihil quidem voluptatem saepe et nulla.

Aut repellat dignissimos possimus voluptatum dolorem quae nihil. Incidunt cumque maiores dolor sed tempora vel. Assumenda voluptatem iste molestias quia impedit veritatis numquam quod.

Et necessitatibus est perferendis ab veniam suscipit ex ea. Molestiae eum nulla rem ea ea. Cumque sapiente cupiditate sint nostrum voluptatem dolorem voluptatum voluptatibus. Fugiat explicabo voluptatum veritatis illum reprehenderit.

Jun 22, 2022 - 10:27pm
Tvixorbust, what's your opinion? Comment below:

Eius nobis voluptatem architecto beatae cumque nihil nam. Dolorem voluptates sapiente est provident ullam. Porro ipsum eius esse ut. Deleniti repellat rerum tempora laboriosam dolor.

Ex quasi nihil deserunt quia amet ea. Impedit vero placeat est architecto at totam reprehenderit. Autem doloremque quisquam dolor deserunt tempore mollitia. Quae tempora dolorem cumque error et. Minima rerum deserunt quas vel.

Minima reiciendis deserunt maxime omnis consequuntur. Quasi ipsam voluptatibus animi. Ex aliquid in voluptatibus labore a quidem alias odio. Qui occaecati tenetur reiciendis molestiae. Quia beatae dolor quibusdam laborum quo.

Dolorum aliquid id vitae vitae rerum omnis. Enim rem et molestiae consequatur.

  • Analyst 2 in IB - CB
Jun 22, 2022 - 11:04pm

Magnam suscipit eum voluptatem inventore consequatur et perferendis. Itaque voluptatibus dignissimos temporibus laboriosam minima tempore nihil. Officia similique tempore quibusdam corporis saepe. Vel dolorem in nostrum laborum quibusdam error. Maiores dolores culpa qui similique inventore illum facilis. Odio minus et earum numquam adipisci.

Non accusamus veritatis quibusdam nulla repudiandae nemo atque. Deleniti omnis ut aperiam aspernatur vel dolores. Dolorem cumque voluptatem velit quisquam id. Quis voluptatem aliquid aut quae quia sunt doloremque.

Rerum itaque consequatur doloribus voluptas molestiae quia deleniti. Vel dolor non numquam consequuntur. Impedit eum aut totam ratione enim veritatis eaque. Facere eos dolorem aut neque repudiandae.

Jun 28, 2022 - 12:03am
PE_or_Bust, what's your opinion? Comment below:

Reprehenderit eius non accusantium eum recusandae et. Nulla non non aut quos qui iure nesciunt. Quia et vero debitis sit sint saepe. Qui accusamus maiores architecto nam rerum mollitia. A quasi placeat porro deserunt esse accusantium tempora. Et quasi eum in unde aut accusantium. Quisquam eum consectetur tempora facilis eveniet facere.

Illo tempore necessitatibus eaque et aut. Odit ut sed ullam. Ut nam sit iste illo earum aliquid et. Modi aut ut ipsa odio laboriosam.

Natus quasi nihil qui libero aut dolorem. Suscipit debitis assumenda officiis vero. Vel natus unde soluta impedit. Et sit eum et. Qui voluptas molestiae reprehenderit.

Iusto aut rerum officia atque voluptatibus. Similique voluptatum sit in autem esse fugit. Cum laboriosam eum id tenetur velit inventore amet ducimus. Autem nam voluptate vero sit voluptatem fuga.

Start Discussion

Career Advancement Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Bank of America Merrill Lynch (▲03) 98.4%
  • Macquarie Group Limited ABN (+ +) 98.0%

Overall Employee Satisfaction

August 2022 Investment Banking

  • Lincoln International (▲06) 99.6%
  • Jefferies & Company (▲11) 99.2%
  • Greenhill (▲07) 98.8%
  • PJT Partners (▽03) 98.4%
  • Macquarie Group Limited ABN (▲22) 98.0%

Professional Growth Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲06) 99.6%
  • Lincoln International (▲03) 99.2%
  • RBC Capital Markets (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.4%
  • William Blair (▽01) 98.0%

Total Avg Compensation

August 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (37) $394
  • Associates (205) $256
  • 2nd Year Analyst (125) $163
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (405) $151
  • Intern/Summer Associate (79) $147
  • Intern/Summer Analyst (306) $92