Private Banking-Private Client Services Compensation?
Anyone up to date on how the total compensation for an analyst in Private Banking compares to an analyst in S & T or CF?
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Lower? I think my mom said something along the lines of the pay food chain going like this (at least at Citi):
Traders (that do well) get paid the most, then investment bankers, then private banking, then backoffice.
She worked in citi private banking for 12 years.
depends on what types of clients you bring in and how many accounts you handle. you'll make a nice chunk of your money from commission.
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