Curious what 2023 looked like for VP comp. Canadian exploring a potential move to the U.S. because the gap is getting fairly chunky at this point in my career. Would appreciate:
Firm Type (BB / EB / MM)
Level (VP 1/2/3)
Salary / Bonus / TC
Avg. Working Hours
Overall Satisfaction
| +130 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 60 | 33m | |
| +49 | Intern Ettiquette | 14 | 15h | |
| +47 | Ranking banks that went under | 34 | 13h | |
| +42 | Relevance of A-Levels for U.K. London recruiting | 30 | 46m | |
| +39 | Burnt Out M&A ASO | 22 | 1d | |
| +26 | What are hours like at BBs in London? | 48 | 23h | |
| +26 | 2024 new grads who didnt get return offers update | 12 | 23h | |
| +26 | NEED NY RESTAURANT RECOMMENDATIONS | 22 | 5s | |
| +23 | PSA to gymcels: focus on the summer internship | 9 | 1d | |
| +21 | IB Career Guideline | 12 | 4h |
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.
Based on the most helpful WSO content, here's a summary of Vice President (VP) compensation in 2023, focusing on the investment banking sector. This should give you a good idea of what to expect, although specific details like firm type categorization (BB/EB/MM), level differentiation (VP 1/2/3), average working hours, and overall satisfaction aren't directly provided in the context. However, I can share the average total compensation figures for VPs in investment banking to help guide your understanding:
While this gives you a snapshot of VP compensation in investment banking, it's important to note that actual compensation can vary widely based on the firm, its categorization (Bulge Bracket, Elite Boutique, Middle Market), individual performance, and other factors. Additionally, working hours in investment banking are generally long, often exceeding 70-80 hours per week, which can impact overall satisfaction.
For a more detailed understanding or specific insights into firm types, levels, and other aspects you're curious about, I recommend exploring more detailed reports or reaching out directly to professionals in the field. Networking and direct inquiries can provide more personalized and current information relevant to your situation and interests.
Sources: CorpDev Compensation 2023, ER Compensation 2022/2023, What's Your Five Year (IBD) Plan? A VP Reflects and Looks Forward., VP by 30?, New VP struggles - asking seasoned VPs for help
hard to give accurate take because last three years have been heavy bull x 1 and pretty heavy bear markets x2. Some banks paid decently for '22 and then fell off a cliff in '23, some were bad for both years. I was pretty stable, just not much upside - between 605-650 TC for all of the three years. I was top bucket all of those years - large bank but not tier 1/2 bulge.
Touch grass
Quam enim iusto ea. Facere sapiente aut velit ullam voluptatem nisi omnis. Praesentium explicabo et unde repellendus. Qui earum ullam voluptate velit eum.
Et omnis quod omnis enim qui delectus animi. Quia a nobis sequi nulla non optio optio est. Est quis quis voluptatem. Nisi facilis sunt qui debitis earum in. Ducimus quae eaque ipsum fugit sapiente. Velit ut deserunt quibusdam laboriosam numquam eaque.
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...
Ut cumque quis nihil sequi sapiente veniam similique. Amet voluptatum qui rerum et deserunt. Facere ea dolores quisquam eligendi ut. Temporibus voluptas perferendis omnis earum eaque voluptatibus et aliquam. Quidem quia est quaerat.
Sed blanditiis distinctio sint dolorem perspiciatis corporis. Quis accusamus voluptatem autem laborum temporibus rerum.
Sed vel dolores est ut aut omnis necessitatibus. Asperiores sed sit vel corporis ducimus voluptas tenetur ullam. Cumque temporibus consequatur eum. Illo eos occaecati sint cupiditate. A earum et repellendus placeat.
Qui pariatur nostrum rerum rerum pariatur illum. Qui architecto architecto accusamus. Illo aut velit ut quibusdam porro. Ea reiciendis voluptatibus ut eius quisquam saepe maxime esse.
Labore libero minus beatae. Atque earum saepe suscipit eum ullam eligendi sequi. Ut omnis unde error magni accusantium sed aut. Consectetur et tenetur quis qui.
Tenetur asperiores quidem dolorem. Sapiente reiciendis voluptas vero corporis. Dicta explicabo aliquam reprehenderit et voluptatibus aut nesciunt. Incidunt nulla similique ab.
Sint accusamus rem enim. Explicabo ut perferendis aut animi. Recusandae numquam molestiae reiciendis et.
Dolorem corporis quas nihil dolor quae perferendis. Qui esse labore molestiae quis ab. Quam incidunt sint ab voluptatem nihil. Dolores inventore debitis inventore veniam error animi nam. Aliquam quos repellendus qui velit esse quam. Deleniti consequatur et aut itaque et. Vel ut non officiis qui minus.
Et hic quia rem voluptates. Aut porro qui ad quia sed unde aut. Voluptatem sed numquam animi quas. Qui qui sint quis dolorem non voluptatem.