Commercial Banking 2024 Comp Thread
This really needs an update as the last one i saw was from years ago.
Here's my stats:
100k Salary
15% bonus
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Based on the most helpful WSO content, here are some recent compensation figures for commercial and corporate banking:
2022 Corporate Banking Salary/Bonus Thread:
2021 Corporate Banking Comp/Bonus Thread:
2020/2021 Corporate and Commercial Banking Bonuses:
2018/2019 Commercial/Corporate Banking Bonuses:
2017 Commercial/Corporate Banking Bonuses:
Your stats for 2024: - BB Associate: $100k salary with a 15% bonus.
For a more comprehensive and updated thread, it would be beneficial to gather more recent data from peers in the industry.
Sources: 2017 Commercial/Corporate Banking Bonuses, 2017 Commercial/Corporate Banking Bonuses, 2018 /2019 Commercial/Corporate Banking Bonuses, 2021 Corporate Banking Comp/Bonus Thread, 2018 /2019 Commercial/Corporate Banking Bonuses
I agree this information needs to be updated. I think adding City Tier and Hours Worked per Week would be a beneficial addition.
Community Bank in Tier III city
VP Relationship Manager
Base - $102k
10% Target Bonus
We don't do any proactive selling / client acquisition so my numbers are lower.
would you happen to know what compensation looks like for a entry level credit analyst at a big 5 bank in HCOL?
Sorry I don't. I'm guessing you can get a decent idea scouring other posts on WSO.
~80k usually
Work 10-25 hours a week.
Seems like a great gig, Do you have any remote working capabilities?
Yes - 100% remote. I have considered moving roles to make more money, with the downside of going into the office 3x / week, but just can't pull the trigger.
hey i have an interview coming up in commercial banking, was wondering if you have any insights on what i should be covering from a technical point of view?
as an analyst? the basics of how the financial statements interact is honestly going to be enough. I assume analysts know nothing. Basic finance is more than enough.
Thanks man , got the offer last week
really want to convert into a full time job - any prep u recommend to do before internship starts ?
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