Will big BB coverage groups pay Directors total comp of $1mm+ without originating on their own but still highly rated / regarded?
Asking since Director this year and total comp as a VP3 was $800k last year. The bank, the IB division and the IB coverage group are all having way better year than last year and have significant revenue tied to my name (did not originate solo but helped execute - mostly tied to a couple big deals). Have about $2.5mm of revenue tied to my name as sole originator.
Will group really think about paying a Director $1mm+ total comp? I can easily extrapolate from last year but then I worry I’m getting way too bullish and should temper my expectations. I am not some rainmaker Director lol but group head likes me and well regarded for most part.
Any thoughts of people that have been around the block?
Realize rambling post with no right answer but wondering perspectives from others experiences.
TY
Ignore title I’m around your level. What are your hours like? I think $1mm is definitely possible if you were at $800 last year. A lot will be in stock though…
Def a lot will be in stock - I actually hit the higher % stock threshold with my previous year bonus. But you also get that stock vesting now from the previous 4 years :)
Prob 60 hours a week if being honest. Can flex up or down dramatically based on what going on.
Hours are fine, the constant paranoia that I’m not doing enough and will get clipped in 2 years is a new ongoing feeling
I have the same fear…I thought it was just me…it sucks because corp dev money is so much worse… unrelated, but seeing a lot of M&A director gigs at our level…thoughts? Much more execution focused which seems like it would suck.
You mean M&A execution banking groups? I think would suck tbh, I don’t want to be in execution mode all the time. Personally would rather go down market to other banks than be an execution M&A guy. Maybe I’m off on that but that’s my perception right now
The way I think about it is post stock and post tax, $200k is like $50k difference in any year
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What did this say / why’d you delete your comment lol
Vp1 at my MM in NYC coverage made 650
Associate 3 made 550
And my firm is not elite by any means
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