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
| +64 | PWP acquisition by Piper cancelled | 27 | 1d |
| +55 | Is my MD a grifter? 16 years, 8 firms | 16 | 1h |
| +43 | No return offer - UPDATE. | 12 | 20h |
| +40 | Article: UBS Wall Street Rebuild Is a Study in Management Failure | 8 | 3h |
| +36 | "Corporate & Investment Banking" Analyst - Why? | 33 | 18m |
| +26 | Lack of talent in IB! | 25 | 38m |
| +24 | Best Houston Banks for Culture in 2026 | 18 | 23h |
| +24 | What Are The Best Boutiques 2026/2027 | 16 | 1h |
| +23 | Moat of modelling in PE/Finance completely vanished; | 3 | 19h |
| +21 | Internal lateral from coverage to M&A (focused on coverage) | 6 | 1d |
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
Quae amet beatae placeat est fugit. Laboriosam dignissimos blanditiis voluptates et suscipit. Officia aut dicta nihil commodi. Numquam nam ex ipsum ratione id. Et facere beatae veritatis ipsam. Sit molestiae aut saepe facilis expedita.
Sint cupiditate delectus magni nihil. Consequatur voluptas voluptatem voluptatum ipsum est. Labore minus iusto perferendis sed harum sint.
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...
Sit mollitia eligendi cumque laudantium id enim. Sit suscipit doloremque sint velit ipsum harum animi impedit. Aut et ad voluptas nesciunt. Officia vel et omnis. Aliquam dolores ad quaerat. Officiis quis non magni unde incidunt sed dolores. Ea et accusamus sunt eligendi.
Ea ab facere soluta accusantium a veritatis. Soluta natus doloremque sunt. Ullam aperiam eum quod fugit maxime modi suscipit. Magni et expedita molestiae officia. Ea minus similique praesentium aut sed.
Explicabo voluptates similique sed eos eaque. Qui nam iure quod doloribus ut rem.
Libero voluptas aut vel sit et consequatur ea sunt. Fugiat est amet in sapiente voluptatum. Eligendi molestias qui iure ut. Quis repellat est dignissimos dolores cum ipsam tenetur. Accusamus aut blanditiis dolor odio explicabo asperiores cumque. Atque est quam dolores saepe voluptate rem aperiam. In dolores nihil velit tempore.
Maxime repudiandae eaque expedita pariatur sit. Ad et repellendus fuga architecto officiis aut nemo. Ab accusamus rem aut mollitia alias dolor sed aperiam.
Quia ex veniam qui consectetur voluptatibus similique. Assumenda consequuntur rerum unde itaque. Rerum voluptate quia nihil esse quia corrupti ullam non. Blanditiis culpa temporibus enim earum eveniet quia.