I am thinking about my future career and potential earnings and am curious about different corporate banking groups. W/L balance is very high on my priority list. I have been in a commercial lending role for roughly 8 months now at a smaller shop and would potentially move to Corporate Banking if I received an offer and the W/L was adequate. I would apply for Associate roles, however I am a little concerned about directly asking a recruiter/interviewer "how many hours a week I'd be expected to work." I really don't want to work more than 50 hours a week on average and am wondering if there are any groups out there that work 40-50 hrs per week?
Also, from what I gather, Corporate Bankers who more hours when Corporate Banking is housed with Investment Banking. So my secondary question is which banks have separate groups? I tried googling it last week and couldn't find much on this.
Thank you!
You should probably just stay in commercial banking.
Off topic but can I ask what your comp is like as an Associate in Corporate Banking (assuming first year)? It would be great if you can tell us your compensation history as well.
Different person, but 110 base 20-50 bonus was what I saw at my firm.
$125k base, $50k target bonus (will probably be a bit below that this year). I came from commercial banking so salary history is not useful.
50-60 hours is reasonable in Corporate Banking and it can even hit higher if your group is very active with live transactions and other refi activities.
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