Where is the pay ceiling in Corporate Banking?
How much money is there to be made at the higher levels of corporate banking (at a BB)? At the Relationship Manager level? Group Head level?
That's a good question. Most of the non BB RMs I know of live in the $250M - $400M a year all in range depending on performance/bonus. This is a tier 1 cost city (Think SF, NYC, Boston, LA).
ahh the old Non-target-->Corporate banking-->$400 million/year track
He's just trying to be a hardo by using "M" in place of "k" like a normal individual would.
Who the hell uses M for K? Never heard of that.
Anecdotally I remember hearing ~$600-800k as the range most CorpBanking MDs shakeout to. Seems to make sense considering banking MDs average $1-2m.
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