All-in VP Comp
Anybody have insight into recent VP comp (Salary+cash+non-cash) at BBs? NYC specifically, but interested in general. Also, M&A vs. coverage?
Anybody have insight into recent VP comp (Salary+cash+non-cash) at BBs? NYC specifically, but interested in general. Also, M&A vs. coverage?
| +171 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 29 | 18h |
| +163 | UBS Tech layoff | 52 | 2d |
| +149 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 31 | 1d |
| +121 | Leaked Interview Questions to Recruiting Services | 59 | 22m |
| +65 | How do YOU manage networking requests? | 20 | 14h |
| +60 | Are target prospects getting dumber? | 27 | 1d |
| +34 | MBB Pay Raises | 26 | 2d |
| +22 | US 2027 SA IB worried about background check | 8 | 58m |
| +21 | Earliest you can get fired | 7 | 12h |
| +20 | Career Crossroads | 4 | 42m |
Career Resources
About tree fiddy
Should be far higher - typically base salary is too fiddy
That's not a BB VP, that's the Loch Ness Monster!!!
Gave him a dollar last week, no wonder he keeps coming back!
Analyst Base: 85-95 Associate Base: 125-175 VP Base: 250-350
Assuming bonuses for Analysts somewhere between 50-80%, Associates 60-80%, VP 60-100%. You can do the math.
Sounds about right - caveat is that at the VP level a meaningful part of total comp will be deferred / stock-based.
At this level the % of non-cash comp goes up every year, so practically speaking your 'golden handcuffs' get larger and heavier every year.
May I ask how much will be non cash comp? Percentages?
Thanks.
***
sounds like you married wrong
You pay 60% in taxes?
think here...what's 0.4/0.7.
but I believe janky is in Cali, so it wouldn't shock me if net of deferred comp, 401k, healthcare, taxes, it approaches 55%
Look at the bright side, at least it's "we earn" and not "I earn"
Savage
***
Stock based comp awarded this year deserves an extra haircut. Bank stocks have been on a freaking tear. Could it be higher when it comes out of lockup? Sure, maybe. But more likely it will be lower.
Oh, and if your firm's stock ever tanks prior to bonus time, they won't give you much of it, and won't replace it with cash either...
This is from a 2016 WSO Thread:
AS 1 - $225k - $275k AS 2 - $325k - $400k AS 3 - $350k - $430k VP 1 - $375k - $515k VP 2 - $450k - $575k VP 3 - $500k - $650k
Thoughts on if this is still accurate today?
I would say generally true.
Ut dolorem ullam voluptas soluta ab. Impedit laudantium culpa iste dolorem ut. Suscipit eveniet quidem ipsam placeat voluptas in cum. Est animi est atque nemo eum molestiae.
Soluta a quibusdam architecto saepe et ut temporibus. Quidem et aut corrupti. Cumque occaecati fugiat quas ut soluta. Temporibus ab et incidunt ratione hic omnis.
Voluptas sunt inventore minima sapiente. Ullam in corporis cupiditate. Cumque et optio repellendus dolores qui velit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...