Let's get a running list of corporate banking pay for Associates and VPs. This is for corporate bankers that operate within an investment bank.
If confirmed, state the following:
Title (with year):
Bank:
Base:
Bonus%:
| +1,056 | Bank of America - Juniors Strike to start Monday May 6th | 128 | 44m | |
| +563 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 73 | 1h | |
| +335 | This is a dark day for Wall Street. | 33 | 4h | |
| +154 | Investment Banking US League Table YTD 2024 (FactSet) | 85 | 10h | |
| +147 | Big Layoff at Barclays - 5/1/24 | 85 | 13h | |
| +90 | “Americans just work harder” | 54 | 9h | |
| +83 | Would comitting to ATL İB be stupid? Please give feedback. | 45 | 3d | |
| +69 | Sleeping on Jefferies??? | 35 | 6h | |
| +60 | What's up with RBC nowadays? | 28 | 7h | |
| +58 | BofA List | 7 | 7h |
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.
Bump
Title: AS1 Bank: BB Canadian, MM US Base: 110 Bonus%: ~30-40%
I work out of Chicago.
Do you know if BMO would be considered a BB in Canada / MM in US?
There are only so many banks in Canada. BMO Capital Markets constantly ranks 2nd place. Or arguably 3rd.
BMO is a BB in Canada same way Macquarie is a BB in Australia. Definitely behind RBC in most aspects though.
Title: AS2 Bank: BBB Base: 150 Bonus%: 50-60%
Source: Work closely with corporate bankers and strongly considering switching from IB.
Title: Assoc 1 Bank: Mid Market Base: 125k Bonus%: 50%
NYC?
Title: AS2 Bank: MM Base: 175k Bonus%: expecting 40-45% but may be higher or lower
This is corporate banking? Nice
Any VPs?
Is there a different base for the stub year out of school?
Does anyone know the bonus percentage or salary at BMO Capital Markets for Corporate Banking?
~50-60%
Do you know what their base salary is in the US?
these numbers for US look insane. corporate bankers are paid only 60-70% that of investment bankers over here where i'm at
What? If they're at 150 base and 50% bonus, they're at 225k. 225/.65 = 350k, which is right around what i bankers make.
So you think 1st / 2nd year associates (most if not all the above data points are coming from Asc 1 or Asc 2's in Corp Banking) in IBD make ~350k?
Title: AS1 Bank: Canadian Big 5 Base: 115k Bonus%: 35-40%
Bump
Bump: Any MM US Analysts?
Bump anyone at BMO?
bump
Houston, Energy Corporate Banking at large European Bank
Here is what I’ve made. Started in 2016.
1Y Analyst - $75k + $40k bonus 2Y Analyst - $82k + $45k bonus 1Y Associate - $110k + $60k bonus
I should also note that my colleagues in New York are the same pay rate. So I got a pretty good deal in Houston
1st year Analyst -------! That's really good for CB. What were the hours like? And I'm assuming CB was housed with IB?
Bump
Ut repellat quos modi rem sunt. Recusandae beatae omnis est. Nemo ut veniam nemo sint. Et qui nihil non numquam.
Eius sed architecto hic culpa aut consectetur neque vel. Quia accusantium dolorem est qui. Quaerat corrupti labore magnam atque.
Recusandae a animi quia cum. Quo consectetur ut autem sit architecto itaque ratione. Sed aut reiciendis omnis earum. Sit tenetur aperiam corrupti molestiae qui. Est veritatis reiciendis qui sed. Ullam enim facilis et quia.
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...
Asperiores qui labore aliquid. Nostrum reprehenderit dolorem et aspernatur magni.