Hi, this is a very broad question, and the WSO database has some excellent information for this topic along with Glassdoor. However, I thought I’d post this question here for you all here to gather your input.
For a given title (e.g AVP, VP, Director) - across the enterprise support functions (Finance, Risk, Technology, Back Office Operations, Middle Office Operations) what are expected base and bonus targets?
I understand this is a very broad question - but many are unable to break into front office S&T or IB and who work supporting CIB banking, these are the jobs that they have to pursue for their livelihood and/or to break into the front office.
I’ll start out with Middle Office Operations. A single contributor VP may have a bonus target of 20% with a base around $130k-140k. A middle office director with a fair number of direct reports (10+) could have a bonus target from 40%-60%.
Risk management is a little tougher to gauge, along with Finance and Technology. Some banks pay great bonuses - while other lousy bonuses. I want to broach a conversation with this thread to talk broadly about enterprise support functions for at least CIB and expected compensation targets.
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