CIT - Standard compensation package?

Interested as well

They lost me a fuckload of money during the crisis....nothing on comp though.

Bump!

I have heard that they pay inline with starting analysts at other bbs, but the comp with vary a lot in bonus. I do not know what groups are strong anymoer as a ton of people have been blown out/left.

So 70 plus 10 as an analyst in trade finance sounds reasonable?

a place I interned for a few yrs ago made some serious bank buying their debt for WAY below par

I do not know. All of my views were based on prebankruptcy. Not sure what they are doing now, but I know that they pay well.

Trade finance provides inventory loans, ABLs, purchase order financing, receivables factoring etc and will likely be below street in terms of all-in comp, it is more analagous to a mid-market commercial lending group than a Wall Street banking group. Making these types of loans is very labor-intensive and the credit analysis will often be more focused on transaction cycle, asset liquidation value, etc versus cash-flow based/enterprise value analysis that you'd see in a standard lending group.

In general CIT's corporate finance group will be far closer to "typical" banking than their specialty lending groups (trade, vehicle, leasing, etc)