I am interested in learning about corporate banking compensation for analysts. What is the typical base salary and bonus at large groups like jpm, bofa etc?
How does this change at the associate and vice president positions?
| +355 | Evercore Intern Seizure | 54 | 7h |
| +67 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 6h |
| +58 | Is DCM actually underrated ? | 24 | 17h |
| +50 | How do I understand vs. just memorizing? | 5 | 16h |
| +48 | Losing my personality in Banking | 9 | 17h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It’s a cushy gig from my experience
Base salary is 105k with 50k bonus working usually 8:30 - 6:30. No weekend work. People are nice and super flexible. Lots of PTO, haven’t worked past midnight, never been yelled at, group encourages people to take their vacation days.
The work is kind of boring though. A lot of administrative tasks.
What type of bank?
Currently at JPM/BofA/Citi - don’t know the exact comp number for analysts but from what I’ve heard it’s similar to yours - not entirely sure. Hours are higher though, prob doing 9 to 9 with some late-nighters during live deals. Still, little to no weekend work.
What level? I worked 100 hour weeks last year for 100K total comp at my bank lmao
Not bad - anyone have comp details for associates or vp?
I’m at Citi
Base for Analyst 1 is $110. Bonuses last Aug for 1st years were $35-$55k. Hours are not bad
I heard new base for AN1 is moving to 125K. Is that true?
I have not heard that. An 2 is $125k
Mind if you PM me? Have some questions (currently AN1 at another BB)
What are your hours like?
Bump
A vp2 in my group made 350k last year, works 9-5
I'd imagine you're planning to stay in your group given those comp numbers + hours
Corporate banking analysts are making IB pay at half the hours
Prob only at BBs where hours are much closer to 60-70 than 40-50 (Still lower than IB though)
.
Ehh I think it’s boring tbh long term no way I would want to stay in CB. Pay is decent all things considered but Im trying to make a move to IB coverage. The work is just a little too dry for me personally.
It’s a career gig where you can pull 350k or so over the long term working 9-5. Juniors are way overpaid for the intensity and hours worked with 100k base and 20-50k bonus. there are some days you’ll have no real work if not on a live deal, just known tasks with known deadlines and other days where you might work till midnight or 1 on a live deal. It’s a solid place to start a career then try to jump to investment banking or MBA
You ever thought maybe CB juniors aren’t overpaid but IB juniors are overworked? That’s a far more probable assessment
As a CB junior, I have never worked 9-5.
Are private banking numbers in a similar range to CB salaries at the big banks quoted here?
Should be comparable on the base, but corporate banking should have a higher year-end bonus than private banking
Corporate banking analysts make more than I did when I was an ib analyst ..
How about at other corporate banking groups? Is that standardized across all groups?
At large euro balance sheet bank based in the US
An1-3 : 100-110 (max bonus UP to 50%)
Assoc: 125-150
VP: 175-225
MD: 240+
Work pretty much to 7 everyday, can honestly finish at 6 but just hang out that last hour. Very rare weekend work unless live deal. Lot of admin work, which is boring as fuck but whatever. Like others im trying to lateral, me personally to DCM as I’ve heard WLB is similar with better pay and more interesting work imo.
If wlb is extremely important to you (which to me it is) CB is an excellent gig/career path. Lot of bullshit boring shit at junior levels, but honestly the MDs command a lot of respect at my bank bc they essentially own and run the broader relationship.
Happy to answer any questions
Completely agree the work is boring but it’s a WLB gig. Have many friends who are trying to lateral into true IB… it’s tough in this market of course but not impossible.
Yea same. Seems like everyone I know is trying to lateral into IB, which mostly means coverage or M&A/levfin.
Sometimes I feel like I’m the only one who doesn’t give a fuck or has no interest in IB, and the hours I read about on here totoslyl turn me off to the prospect of attempting to later. Cognizant DCM is IB but as mentioned Wlb is better and it’s more capital markets focused
What's the bonus look like for associates and up?
Higher than William Blair
An1 at Bofa/Citi/JPM
Base:
$110k An1, $125k An2, $135k An3
$175k Aso1+, $200k Aso3+
225k VP unsure above that
Last year highest An1 had a $75k bonus bottom was $35k (granted this year is gonna be shit)
Work in a sweatier group but bonus reflects it according to team members
Directors & MDs are heavily respected as they control the relationship and intro IB to the client. ASO to VP is toughest gig imo but as an analyst I have had some great projects on the desk for 8 months.
That’s good comp
How does corporate banking bonus correlate with deal flow?
Sorry didn't see these replies. CB assists on live deals if a company is refinancing its revolver on top of a bonds issuance or loans etc etc. So we will be on the capital approval process and helping out with different processes. Our day to day work is very different if we are on versus off of a "live deal". We are kind of the manager (at the senior level) of the client and keep those core relationships. We try to loop IB in on meetings when we think there are strategic opportunities.
JPM? Curious on what GCB comp is there
Bump
Tryna keep anonymity but those 3 listed above have pretty cushy comp for CB. Teams do a lot of work but it really does vary at my firm.
Architecto hic quia sint esse impedit error. Non perspiciatis aliquid repellat itaque beatae.
Dolores suscipit in cumque est dolorem rerum id. Exercitationem expedita non accusamus repudiandae aut. Pariatur reprehenderit facere at. Ipsam non quos nulla omnis fugiat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Doloremque quod similique ut facilis labore. Id voluptate illo fugit in dicta aut hic. Ipsa voluptatibus voluptatum dolorem facere veritatis.
Non debitis explicabo corporis voluptas ex. Consequatur architecto veritatis necessitatibus aut deleniti optio cupiditate. Dicta nisi fugit et sit sit.