Commercial Banking Comp and Roles
With all the data coming in from Developers and REPE shops. I wonder what the comp is for bankers, who have a great work and life balance at 40-50 hours a week. Now I am referring to the balance sheet groups at JPM and what the difference for smaller and more regional banks as well. How much does these bankers get paid for the lifestyle, and how much is it based on fess(bps) on the balance sheet.
E.g. a $1bn balance sheet that brings in 200bps in spread in aggregate. How much is profit to the bank, and how goes to salaries or bonus.
My buddy works at JPM CRE lending and he makes 85k base with about 20% bonus, but working like 60 hours a week. Don’t know much about how fees work there.
How many years in/title.
1st year analyst, fresh out of school. West coast office in HCOL area
1.5 years into analyst position underwriting for originators. 80k base w/ 12k bonus. In LCOL area. About 35hrs a week.
To compete for talent, banks will need to still pay well. The product you are selling is the different. A commercial real estate banker at a firm like JPM, BAML, Wells Fargo, etc., while selling commercial loans and growing their book, is also selling the different bank products to institutions. Whether that be deposit accounts (property operating accounts) or revolving loans, etc. Youll get paid based on a mix of the profitability of your book and how much you can grow the business of the clients you cover (as in, you have a client in your book with 1 loan for $100MM and you grow that client to 3 loans for $275MM). Generally speaking, bankers will have good WLB and good pay. An originator could make $400-$750, maybe even more if they have a huge book of business.
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