Risk Mgmt Bonuses at BB
Any idea what a mid-level credit risk bonuses are at BB firms? Recognize it varies, but trying to get a sense for what a VP middle office credit officer type pulls in for salary and bonus?
Any idea what a mid-level credit risk bonuses are at BB firms? Recognize it varies, but trying to get a sense for what a VP middle office credit officer type pulls in for salary and bonus?
+1,722 | Bank of America - Juniors Strike to start Monday May 6th | 198 | 3s | |
+605 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 69 | 9h | |
+417 | This is a dark day for Wall Street. | 24 | 7m | |
+154 | Investment Banking US League Table YTD 2024 (FactSet) | 85 | 19h | |
+150 | Big Layoff at Barclays - 5/1/24 | 86 | 3h | |
+93 | “Americans just work harder” | 54 | 16h | |
+72 | Sleeping on Jefferies??? | 35 | 17h | |
+71 | Shame on you, BofA. But also, the industry needs to change. | 11 | 42m | |
+69 | Analyst at Bofa FIG-Thoughts | 7 | 2m | |
+67 | BofA List | 7 | 15h |
Career Resources
Hey do you happen to know what it's like at the analyst level? and how difficult it is to make it to the VP level?
From what I hear it's generally same base as IBD analyst, but much less hours and small bonus. Not sure how hard to get to VP and not sure what it's worth when you get there. Hence my original question. What are the mid-level risk guys getting? Seem to have pretty good work / life balance compared to IBD
"From what I hear it's generally same base as IBD analyst, but much less hours and small bonus."
Credit risk VP = IBD analyst base and smaller bonus?
What planet are you from?
I was referring to IBD Analyst vs. CRM Analyst Obv. Well maybe not so obv, judging from your post
Any VP at BB in true middle office role (risk, treasury etc, NOT ops, compliance, tech, other back office) makes at least 100+100, and probably more.
.
A former colleague of mine is a director in RBC Capital Markets credit risk group in Toronto. He makes close to 500K. 150K base plus 200% bonus. I got this info from a friend who works for him. My friend makes 90K base with a 30-40% bonus. He's at the senior analyst level. Don't know for VP, but 120K base plus 60-80% bonus would be my best guess.
The Director is a physics PhD, and my friend has an MFE, so it probably doesn't make much sense to compare with an IBD analyst.
I have two friends in risk management at two different BB banks and they have AVP titles though they are only two years out of school. At their banks at least AVP (and VP) are much more junior than investment banking VPs.
Consequatur soluta autem voluptas ea qui aut. Molestias velit quidem fugiat doloremque reiciendis accusantium. Quia vel eum magni quibusdam. Mollitia deserunt sunt aut ipsa quos mollitia est.
Voluptatem mollitia consequatur rerum at hic. Eum minima et ipsum pariatur. Repellat dolore sequi nesciunt maiores. At consectetur suscipit doloribus in.
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...