Senior Corporate Bankers' Comp (VP, Director, MD)
How much do senior bankers in corporate banking make? Before all of you say "just search for it bro, its here" the only ones I find are from 2014-2016, and I can barely see anything past associate comp. In 2021, how much do these guys make at places where corporate banking is under the IB umbrella (Citi, JPM, BMO, RBC, SocGen)? Would it be unreasonable to see a Corporate Banking Director pull in 4-500k in total comp, assuming that IB Directors make around 6-800k?
Bump
bump interested.
Here's what I've heard:
C5 in Canada:
Analyst: 90k + 25% (+40-60% for BAML, Citi, JPM in the US)
Associate: 135K + 40% (+50-70% for BAML, Citi, JPM in the US)
VP: 175K + 50%
Director: 175 - 200K + 50% - 100%
MD: 250K + 100-200%
Heard US pays more at all levels at all banks. Heard US BBs pay more in bonuses relative to base than C5, but at the cost of worse WLB than C5 (they call it investment banking lite whereas C5 can be a 9-6 job with no/limited weekends).
Thank you so much! This is an excellent description! Yes, the base numbers look quite low, but from my research, bonuses seem accurate. I was thinking more like 150k base Associate, 200k base VP, 250k base Director, and 400k base for MD. I saw on one thread that an MD at JPM made a little over $1M in CB as well.
Can't really compare base salary in Canada vs. the US. Pretty sure MDs in investment banking get paid 200 - 250K in base salary at a big 5 in Canada (no insight into bonus).
What the fuck.. why is it so low? This can’t possibly be right..
I only know a couple MDs in Canada and their base is more in the $300-350k range with bonus ~$800k-$1.2mm.
A buddy just left corp banking at one of the bigger firms you mentioned above - he was making ~$300k all in as a VP. Not sure how it all broke down but there was definitely some stock with a multiyear vesting period.
Wow, that sounds great for a 50-60 hour work week. What did he exit to, if you don't mind me asking?
He went to a large tech company where he took a 20-30% cut on comp (and also hours). Probably more upside on the equity piece but IDK for sure. I would note that 50-60 hours a week is a lot different when you are in your 20s vs 30s, and that is a big part of his rationale. 60 hours is 9-7 (basically 8-8 if you count the commute) plus 10 hours on weekends, which is a lot tougher when you have a family vs minimal outside responsibilities as a young grad.
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Nyc or LCOL?
210k all in
At the associate level?
yes. working 50 hours a week. sometimes more, but 50 on avg.
These numbers seem very low, especially if we’re talking about BB CIB comp
What numbers were you expecting?
Base same as IB when firm buckets them together as CIB.
AS bonus around 70%
VP bonus around 85%
US base for analysts are now 100/110/115 for top BB mentioned above
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