JPM + BofA Corporate Banking Comp

Based on the most helpful WSO content:

Corporate Banking Compensation for Analysts/Associates at JPM and BofA:

1. JPMorgan (JPM)

   • Base Salary: Comparable to other top corporate banks.
   • Bonus: Generally, JPM is considered to be on the lower end of the bonus spectrum compared to Citi. However, it is still competitive within the industry.

2. Bank of America (BofA)

   • Base Salary: In line with industry standards for corporate banking.
   • Bonus: BofA's corporate credit bonuses are around 20% at the analyst level, with figures like 60/70/80/100 being mentioned. This places BofA's bonuses slightly lower than Citi but still competitive.

Comparison with Citi:

• Citi: Known for paying the highest bonuses among corporate banking roles. For example, a mid-bucket bonus at Citi was $60k on a $110k base, with top bucket bonuses reaching $80-90k.

Summary:

• Citi: Highest bonuses.
• JPM: Competitive base salary, lower bonuses compared to Citi.
• BofA: Competitive base salary, bonuses around 20% at the analyst level, slightly lower than Citi.

For more detailed discussions and insights, you can refer to the following threads: - https://www.wallstreetoasis.com/forum/credit/an-overview-of-corporate-b…</a">An Overview of Corporate Banking - https://www.wallstreetoasis.com/forum/investment-banking/2017-commercia…</a">2017 Commercial/Corporate Banking Bonuses

This information is accurate as of today, Thursday, September 12th, 2024.

Sources: Unpacking Corporate Banking at Citi/BAML?, 2017 Commercial/Corporate Banking Bonuses, 2017 Commercial/Corporate Banking Bonuses, An Overview of Corporate Banking, Why corporate banking instead of investment banking?