2019/2020 Corporate/Commercial Banking Compensation
Role(Analyst, associate, etc) :
Bank type (regional,BB, etc):
Salary:
Bonus:
Years of experience:
Commercial or Corporate Banking?
Looking for some insight*
*
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Corporate Banking, Non BB (foreign BB), NY/Chi
Analyst 1 Base: 70 Analyst 1 Bonus: I would ballpark it at 18-30, depends on your group obviously. (You also get your sign on bonus so add 5to this figure if you want to consider that).
Analyst 2 Base: 80 Analyst 2 Bonus: I would ballpark it at 20-40, depends on your group obviously. (You also get your associate promo bonus at the same time as your year end comp, +10).
Associate 1 Base: 115 Associate 1 Bonus: 30-50
NOTE: This is banking, so obviously your bonus figures are heavily dependent on the revenue generated by your group and by the IB partners. I’ve seen some people getting the bottom range of my estimate and I’ve also seen people getting 100% bonus at the analyst/associate level. More often than not it is within the bonus buckets I gave
Hours per week: 45-50 for my group. Other groups are more around 60 for their average week.
Exit opps: nothing like IB. I’ve witnessed one associate make their way to a debt fund, but that is rare.
(Typing this on my phone, excuse the typos/wording).
What's the typical timeline like to go from analyst 1 > analyst 2 > associate 1?
We’re on a mid year cycle. You get promoted every year as long as you don’t underperform. Vast majority of analysts will make associate after two years. So if you join out of undergrad you will be associate two years after you start. If there are any low performers they usually get nudged out during the year instead of being skipped for promotion.
you mention no Bb and then mention foreign BB ? what does this mean haha ?
Not a US BB, just a large foreign bank that has a Corp Banking team in the US.
BMO?
Let's add "hours/wk" in here too out of curiosity.
Role(Analyst, associate, etc) : Associate (Houston) Bank type (regional,BB, etc): Regional Salary: $65k Bonus: $10k Years of experience: About 2 Commercial or Corporate Banking? Commercial Hours: Live deal maybe 45, but for the most part exactly 40...while really working maybe 20 hours per week.
Could you give a list of names of what type of bank this is ? What was your starting I feel like it’s on the lower side?
It is a Regional Commercial Bank in Houston, the general public probably does not know these banks. If you would like additional details, PM me.
Honestly, I'm in a similar boat in a different industry and I HATE having so much free time. I feel like it's going to bite me 5 years down the road. I'm looking for an exit path now...hope to have it mapped out within a month and executed within the next 15. How do you like your role?
I enjoy it...for the most part it is easy, and my team is great. The downside is I wish I was busier modeling etc. Sometimes I am swamped with stuff, but even then it is like a 45 hour work week. Most weeks I take a longer lunch, go play ping pong etc.
$60-75B in AUM
You fly west of Colorado for training(sorry can’t send PMs yet)
Directly West, yes lol.
Anybody have insight on how Insurance private placement investment groups pay versus Corp. banking?
Good question
I can't really find anything on the topic throughout WSO.
Good Question
Bump
Analyst Regional Commercial Bank Salary/Bonus: 65k/8k 1 yr of experience Commercial Bank
Hope this helps!
Associate 1 - Corporate Banking (Corporate Banking sits in our Commercial Bank) Rank: BB Base: 120k Bonus: 50k Hours: ~45-50 Loc: Tier 1 (NYC, SF, Chicago)
I work in product (think syndicated finance, ABL, Trade, ESOP). Work directly with clients, coverage bankers, risk, legal, etc. Most exit to become coverage bankers themselves. Really is a solid gig given the hours.
Have you been with the same bank since you graduated undergrad? And how did you get this role?
I worked at a smaller bank as a Commercial rotational analyst the first three years after graduating undergrad. Knew I wanted to be working in Corporate Banking at a BB so just networked my ass off till I got an interview.
Role: Analyst Bank type (regional,BB, etc): Regional Salary: $60k Bonus:$2.5k (just to clarify, I'm not a low performer either. Everyone in my analyst class got this) Years of experience: 1 Commercial or Corporate Banking? Corporate Banking Location: Tier 1 City
Feel very underpaid, 50-60 work week.
Yeah that is real low - especially for being in Corporate Banking in a tier 1 city,
definitely and the bank has a pretty high turnover because of it. Great culture, but they dont seem to pay fairly imo
Can you list comparable banks? In my opinion, this HAS to be commercial.
Source: I was in commercial prior to corporate. My salary and bonus was nearly the exact same as yours in commercial. Analysts in true corporate banking are hitting $90k-100k+ all-in first year easily.
Lol, I'm in a true corporate banking role. But we're paid the same as commercial. Comparable banks: USB, PNC, Cap. One.
I think people need to realise that the differentiator is whether the Corp Banking org sits alongside Investment Banking or whether it sits alongside Commercial Banking at a firm. Comp curve is drastically different for either case.
Middle Market m(we call ourselves corporate but really aren’t) Work week- 35-50 hours Associate(3rd year out of college) Base:70,000 Bonus: 5,000 This was my last bonus not linked to group/individual performance, had it been linked would’ve been 10,000. Based on our current path(even with rona) would be looking close to 15,000 City: Houston but minimal energy
A lot of these numbers are commercial. I have a confirmed # from my bank. Think rbc td bmo cibc
Associate 2 - CB sits in IBD Base: 125k Bonus: 65k
Role: Analyst 2 - Corporate Banking (our CB sits with IB within the bank) Bank type: Large US Regional Salary: Base $85K Bonus: $30K-$45K (estimated based off last years but interest to see how this shakes out in the coming weeks) Years of experience: 2 Hours: ~60 hours on average (45-50 when light, 70-80 when busy)
My A1 was $80K base, $27K bonus with $12K signing bonus
Following up after getting my bonus number which was $42.5K for A2. Good thread for people trying to figure out CB and how it can vary bank to bank depending on where CB sits. Some banks call it CB but it’s really more commercially
Role- Analyst Bank type: Large Community (close to regional) Salary: 47k Bonus: 1k but it’s bank wide Loc: Rural town Hours: Norm is 35 but occasionally closer to 50, very rare
Given cost of living and benefits (6% match, 100% vested from day 1), get to work on largest transactions bank wide, and I get a window office with a door I’m extremely happy where I’m at
this is a great thread and fills a giant gap in this site. good post OP
Does anyone know what to expect at Analyst/Associate levels for Corporate Banking at Scotiabank? I understand it also sits in the IB arm.
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