Corporate banking bonuses at BB’s

Based on the most helpful WSO content:

Corporate Banking Bonuses at BBs:

• Bonuses: Corporate banking bonuses can vary significantly across different banks. For example, one user mentioned that being top bucket in corporate banking allowed them to receive a better bonus than the vast majority of their IB colleagues with the same base salary. However, specific percentages or amounts were not detailed in the provided context.

Importance of Previous Bank in CB Recruiting:

• Previous Bank: The importance of your previous bank in corporate banking (CB) recruiting can be somewhat similar to investment banking (IB). While the context does not provide a direct comparison, it suggests that the prestige and experience from your previous bank can influence your chances. For instance, having experience in a well-structured CB role where your bank actively leads transactions can be beneficial.

Additional Insights:

• Work Hours and Compensation: In some banks, the hours in CB can be better than IB but are by no means cushy (e.g., 60-70 hours with a modest discount to IB pay). In other shops, hours could be closer to 50 hours with analysts making between $80-100k from A1-A3.
• Career Progression: If you aim to move to private equity (PE) or other high-demand roles, IB might offer a better platform due to the well-established pipeline.

For more detailed and specific information, you might want to explore further discussions on WSO or consult with professionals in the field.

Sources: Unpacking Corporate Banking at Citi/BAML?, Is Corporate Banking that much worse than IB?, Corporate Banking?, Why corporate banking instead of investment banking?, Why are IB analysts so butthurt over CB?