Corporate Banking at US BB, comp at senior levels and lifestyle?
Very curious on what comp nowadays looks like for senior CB people (VP, D, MD) at US BBs that have CB with IB. I understand that IB and buy side jobs are better for maximizing wealth, but I’d much rather work a job later that allows me to coast while still getting paid upper 6 figures (maybe even 7 for good MDs?) instead of working much longer and harder for extra money that I wouldn’t really feel. Overall, just curious if CB at US BBs is a compromise that provides good comp and relatively low hours + low stress at the senior levels.
You won’t make anything close to 7 figures a year in corporate banking. Maybe as a group head but I doubt it and even then there’s maybe only like 50 of those top tier seats available in the US. You just don’t generate fees the same way investment bankers do. It’s true that work life balance is generally better than IB but it comes with a haircut in comp for sure.
Agree - I think VPs are low $300s all in and the growth is pretty minimal when moving to D/MD (relative to IB)
there's definitely a hard ceiling on bonus / comp for corporate banking
Group heads in Corporate Banking 100% make 7 figures especially at places where they are under the same umbrella as IB like in Bank of America or Barclays, there are literally MD's making that or close in Corporate Banking why wouldn't the head of the group?
Prob lower/mid seven figures for group heads
Prob mid/high six figures for MDs
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