Corp Banking Raises 2022?

Seeing raises in IB for An/As (Litquidity page), any word on if this applies to corporate banking groups too?

Comments (86)

1y 
high hopes, what's your opinion? Comment below:

What's the new range for Associates?

Bump - curious for CB Associate 

1y 
corporatebanker123, what's your opinion? Comment below:

if corp banking is part of the investment bank, yes

  • 1
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  • VP in PE - LBOs
1y 

That's worth telling HR to fuck off pre 2021 raises. No sarcasm.

  • 2
1y 
high hopes, what's your opinion? Comment below:

tell me whats street so I can tell HR to go fuck themselves for paying 115 base to CB associates

Pretty sure JPM / C / RBC all pay at least 160k base for CB associate 

  • Analyst 1 in IB - CB
1y 

Wells is still 85, 90, 95 for analysts.

Heard they bumped AS1 base to 150 though

11mo 
HarrisonWells, what's your opinion? Comment below:

If given 2 offers: one is CB at JPM/C/BOA and the other is IB at BMO. I'm not really interested in PE at the moment but I think I will not be able to find exit opportunities in CB. CB seems like good money and wlb but I don't see how those skills may help me outside of finance. Any opinions?

11mo 
Big Banker Brand, what's your opinion? Comment below:

You're right. The skills from CB are not marketable for much. No direct exits outside of some sort of debt fund. PE is not likely. Maybe if you spin something sector/market specific that you have experience with, then some nuanced corporate finance/capital markets gigs or VC/startup roles are possible. If you land anything besides Private Credit it will be solely based off your grit/interest/determination rather than it being a direct fit with the skills you got from CB

Array

  • Analyst 1 in IB - CB
11mo 

Unreal... Does anyone know if they plan to meet street? I doubt they'll be able to keep juniors past a year.

  • 1
  • Analyst 1 in IB - CB
10mo 

Is anyone know if there was any development about increasing the base pay at Wells Fargo in today's Q&A?

  • Analyst 1 in IB - CB
10mo 

Nope. It was mainly about how we need to be back in the office.

  • Analyst 1 in IB - CB
10mo 

I wonder what they're waiting to start bumping base. They keep mentioning about talent war, but aren't doing anything really compare to competitors.

10mo 
BCBguy, what's your opinion? Comment below:

Heard BMO is raising bases again. Anyone know any specific numbers?

10mo 
BCBguy, what's your opinion? Comment below:

Weird someone told me management is coming up with new numbers and that they haven't approved anything yet but are talking.

  • Analyst 1 in IB - CB
10mo 

Wondering when Wells Fargo will decide to do the same.

  • Analyst 1 in IB - CB
10mo 

I think it is officially official that Wells has no intention to increase base salary anytime soon. They didn't even open up Q&A session. No mention of bump whatsoever! Probably time to jump ship.

  • Analyst 1 in IB - CB
10mo 

They just said that it's important to be in the office for LeArNinG OpPoRtUnItiEs and the CFO wants to poach us.

10mo 
BCBguy, what's your opinion? Comment below:

Agreed this would be great

  • Analyst 1 in IB - CB
10mo 

That's a perfect idea! Hoping it will trigger some changes.

  • Analyst 1 in IB - CB
10mo 

I get that M&A, coverage and levfin get paid the most. But how do ECM/DCM bankers get paid more than us? Seems these bankers get paid the same as any other investment bankers when they don't even do modeling for any analysis. 

10mo 
high hopes, what's your opinion? Comment below:

I get that M&A, coverage and levfin get paid the most. But how do ECM/DCM bankers get paid more than us? Seems these bankers get paid the same as any other investment bankers when they don't even do modeling for any analysis. 

They generate more fees. How is this a question lol 

  • Analyst 1 in IB - CB
10mo 

Wondering if it is only Wells Fargo that is paying lower across CIB compare to its BB competitors right now! If so, I wonder how CIB employees are feeling about that because at the end of the day we're in this industry to make money.

7mo 
WallStreet69, what's your opinion? Comment below:

Analyst III (Senior Analyst)

Spanish Bank

NYC

2021 Base & Bonus: N/A since I was in a middle office role back then. My salary in the middle office role was 90k and bonus 10k

2022 Base: 105k; Bonus: TBD; (This comp is in a Corporate & Investment Banking front office team)

Typical Hours: TBD since my start date isn't till next month

In the process of taking over the world
10mo 
analystanonymous, what's your opinion? Comment below:

Ended up putting together a survey for comp...would be helpful if everyone can fill out. Will share the share result once there's enough responses. Responses are anonymous. 

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

Array

  • 6
  • Analyst 1 in IB - CB
10mo 

Hoping many people will put in their numbers.

9mo 
litap, what's your opinion? Comment below:

Do you have results? 

  • Analyst 1 in Consulting
9mo 

Bump

anyone know if BAML has cb within investment bank ?

Any idea what the comp is ?

9mo 
high hopes, what's your opinion? Comment below:
Bump anyone know if BAML has cb within investment bank ? Any idea what the comp is ?

yes they do, and it's same base as IB at AN level and bonus of 40-70%

So first years around $140k?

  • Intern in IB - CB
9mo 

Anybody have current figures for JPM CIB? Analysts/associates base + bonus.

  • Analyst 1 in IB - CB
5mo 

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  • Associate 1 in IB - Gen
5mo 

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  • Intern in IB - CB
5mo 

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