Hey everyone, as a 3rd yr Associate I have been getting calls from various other firms looking to hire VPs. Does anyone know what the going rate is for VP salary after all of the base adjustments that were made over the past year?
Thanks
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Believe a 1st year VP is around $175K base now. Not sure on total comp.
Brother's friend is a first year Citi VP in London. His base is 100K GBP. He also got a 220K GBP bonus this year.
BB VP Comp (Originally Posted: 12/11/2015)
I've researched this and seen lots of conflicting data. What are typical base salaries and range of bonuses for upper BB VPs?
bump
Stop bumping every fucking thread on this site
bump
So....
bump
If you absolutely need this info you absolutely know other means to get it than this forum.
200-250 base + 200-300 bonus
That is accurate. $250k is the new VP base at the bulges.
Mid-Market M&A firm VP compensation (Originally Posted: 02/13/2007)
I've been offered a job with a mid-market M&A firm as a VP. This is straight out of undergrad. They've offered a 25% take on the firm's commission for deals which I lead. Comission only.
I'd like to know what the standard mid-market VP compensation rate is, if anyone is familiar with it.
Really.. That makes a lot of no sense.
are these just feeble attempt to boost post count?
are the analysts still in middle school then?
Was anyone who actually has a clue what i was asking going to answer the question?
What's standard VP compensation rate at a mid-market M&A firm
Because you sound like a fucking idiot. Call a recruiter or head hunter like a real banker if you're curious, dumbshit.
You might not be getting answers because no one believes that a undergrad is being offered a VP spot. Unless by M&A you mean telemarketing?
Edit the post, take out undergrad and you'll get answers
Either that or you are going to be a VP at J.T.Marlin where everyone is a VP
It's probably something like $500,000 all in after a good year. By the way you don't need to make up fake stories to get answers for questions you may have.
Agree with Seanc. The top VP at the boutique I worked at last summer pulled in around $625,000 (all-in).
I suspect it is probably higher for VPs at BBs.
But since you claim it is bonus only, it will be purely dependent on the deals you are on.
For the record, I also call bullshit. There is no way some bank would be stupid enough make a 22 year old a VP. In the off chance that you are telling the truth, I really wouldn't want to work at a place that is willing to give up the VP title that easily.
Thanks to Salam and Streetluck for answers.
Clarification: You mentioned VP's may pull in 500K. Is this usually done via standard bonus rate, or is it heavily tied into revenue?
What I'd like to know is if 25% of my company's profits is a decent deal. Thanks
bonuses are tied to performance and host of other factors as there is a very structured review program in place at all banks that helps determine bonuses.
id also like to say that your story is bs or your going to work for a chop-shop. there is no mid-market m&a firm that will make u vp out of bschool much less undergrad.
Dear Mr. Butch Armstrong,
You're a moron. Do not insult middle market banks by making the claim that they are going to hire someone as a VP who has never written a book, never opened a model, never negotiated terms of a deal, and never managed anything other than his homework and bating schedule. In your world of make believe, a VP of Copying and Pasting would probably earn his weight in color laser printer paper. Assuming a ream of paper costs $10 and weighs 5lbs the average professional would earn $320 and maybe a bonus for the weight of his crap.
For fun, let's take some shrooms and pretend they hired you as a VP out of undergrad. Are you reporting to an MD or directly to the super-duper MD? Please advise.
1st Year VP Base Salary (Originally Posted: 10/26/2007)
Hey all
What's the base salary range for a 1st year VP in a bulge bracket? Thanks
Like 110k or so.
Really? You'd think they'd get paid more. I mean first year associates start at like $95k-$100k base....
I'd estimate the range at $130-150k. A lot depends on where you're based.
Base salary only goes up about 10k per year. So you figure 95 as a first-year associate, say 3 years or so to VP, so a first-year VP probably gets around 130K.
You clearly have no idea what you are talking about.
Who doesn't?
VP @ Bulge Bracket Comp (Originally Posted: 10/02/2012)
Just wondering what you'd expect a VP at a BB (GS, MS, JPM) in IBD (DCM) would expect in terms of salary and bonus?
http://www.wallstreetoasis.com/wso-company-database
Around $175K base and $225K bonus for a first year VP.
Comp Question VP Level (Originally Posted: 01/25/2016)
Recently promoted into an acquisitions officer role at a small to mid sized industrial REPE fund series (1- 2 billion AUM). I'll be relocating to a major city and opening the office there, to be staffed by myself and an analyst initially and more over time. We'll cover roughly 1/3 of the country with responsibility for sourcing / closing new deals.
This is a fairly big step up for me and I'm trying to get a sense for what the comp range should be. In something of a trial phase now but performing well in my and my manager's opinion and we discussed a comp "correction" once I complete the relocation. I'm asking for what seems like an appropriate range of sal + bonus (+ potentially equity?) and what other resources I might look into. The only good recruiter contact I know is the one who placed me at the company originally (as a senior analyst a couple years ago), who still does a lot of work at the junior level for us. I would feel like I'd be putting him in a bit of an awkward position by asking him to opine, and I don't know if it's acceptable to ask someone I don't know as well / haven't worked with in the past.
Any advice is greatly appreciated.
$125,000-175,000 plus 25%-40% bonus....maybe more, maybe less depending on which city and how much experience you have.
Base + bonus might be around $300,000-$350,000 on average. I assume you'll also get some carry as well.
There is certainly some responsibility with this new role. I see you being above $150k base but way below the $300k mentioned above. My gut says $150k+ with bonus of 40-50%. As your staff grows you could obtain Director title rather quickly and your base pay could then jump up significantly to the $225k range. Still same bonus structure. carry on deals would be great.
There's been an implication of carry on deals done. I'd imagine that has an effect on initial base / bonus numbers but I have no way to quantify or guess as to what the carry or effect will be. Being real estate I'm sure there's a range of flex but anyone's gut is helpful as a data point.
PacNumber do you have any opinion on the etiquette of reaching out to known or less known recruiters?
Thanks for the help thus far.
Depends on where your market is. My struggle with recruiters is this, you have to meet exactly the job description posted. So if you have 9yrs experience but the job posted for Associate level is 5-7 yrs. They'll just flat out tell you they won't make a case for you. This is good and bad. Their loyalty is to the employer. They work for them, not you.
At the VP level I would have to think you would be offered some carry, based on conversations I've had with other VP's at similar firms.
I didn't articulate my question very well, and I sympathize with general recruiter/recruitee relationships as an aside.
I was thinking about contacting one recruiter I know very well, who placed me at the firm originally, to get his gut on the pay range. I would obviously not bring his name up in the discussion with the employer, but I didn't know if even asking put him in too awkward of a position or if that kind of call would be a welcome relationship builder from his point of view. There are also a handful of other recruiters in the past I've kept fairly warm relations with but don't know as well as the first. Wondering if it would be perceived as rude to ask them the question of "What should the comp range be for a position with X responsibilities and Y experience" if there wasn't much I could promise them in the near term.
Probably a personal question for my own tolerances but always like to get input when I can.
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