CCR - Counterparty Credit Risk Salaries
I know this isn't IBD, but there is no risk forum (there should be).
I'm wondering what are the salaries like for London/NYC for CCR. I have an offer for one of the top 3 banks and the base if £55k and based on Glassdoor looks like bonus is about £20k (40% of base in the past) which is about $100k. The role also sounds pretty interesting and I like the team. I'm wondering how does salary scale? I've heard that the base follows IB very closely but the bonus is generally 20-40% of base, unlike IBD. I'm interested in knowing Analyst/associate/VP/Director/MD salaries (roughly).
Also out of curiosity, what would the top dogs of risk be getting i.e. the Head of CCR, the Chief Risk Officer etc. Chief anything in the banks generally get fat stacks I thought.
Final question is about exit opps. I've read the past posts on credit risk and it seems like treasury, corporate finance, leveraged finance and possibly some credit hedge funds? I'm not too sure about this and would appreciate some insight on how possible is the transfer from a credit risk team to lev fin for example.
Thanks!
Any other forum I should post this in?
Anyone? Bueller, bueller, anyone?
Nobody knows? This entire site is FO only? Damn
I worked in Credit Risk in Salt Lake City and salary was about 50k for Analyst 1. Not sure they adjusted it with inflation much, haven't kept up with anyone at the office. I don't have particularly fond memories there. NYC people were getting about 80k, but never confirmed this, only got secondary sources.
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