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July 31, 2026
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For what level position and are we talking BB or regional bank?
First year RM should be 120-130k base with ~20-30% bonus. It's a slow(er) progression upwards however I've heard of RMs with 7+ years of experience clearing 400k at the larger banks.
Out of curiosity, why are you leaving debt brokerage? Ignoring work like balance, I always thought a good debt brokerage team can be A LOT more lucrative than banking.
It is for a Sr. RM position at a large regional bank.
Burned out on brokerage. Obviously a very lucrative path for top performers but basically everyone you deal with hates you. Developers resent the fees and lenders (other than agencies) resent your existence. And I hate schmoozing. Obviously there is some of that in bank sales roles but much less and work life balance is much better.
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