Will be intern at a top 10 commercial bank starting salary is 75k. Not too sure as to what bonus is. I’ve seen people hit more 200k at the age of 30 if their on the sales side
I don't know about the CB side, but I worked in Aerospace/Defense. Salaries are lower than market, the industry is heavily regulated, and progression seems to be slower (though the industry is older, so they will see a ton of retirements in the next 5-10 years and that might create a vacuum which spurs quick growth). For context on the regulation piece, A&D companies feel like they are run by the government. I moved to the utilities space, which is also regulated, but this company feels like a startup in comparison.
Here is the salary progression. These are not guesses- In one of my roles I had access to detailed salary info by title and location.
Analyst I: $50k-60k depending on where you are located (I saw 47k for super low COL, 60k for high COL).
Analyst II: $60-65k
SFA: 70k-80k (obviously higher if you've been there for 20 years, but this is the starting SFA range.)
Real bonuses don't start til the Director level. Before that it was just profit sharing.. which was anywhere from 2% to a whopping 5% on a (rare) breakout year. Best I ever got was 3.4%. The good side of A&D is that your job is nearly 100% secure, very laid back, and you most likely can be on the 9/80 schedule (which means you work 80 hours in 9 business days and take the 10th day off. Long weekends every other week). If you are industry agnostic and are looking for the best possible experience for the most growth, I would stay away. Most finance roles in A&D would be called "Cost Accounting" everywhere else. If you want security, decent benefits, and a ton of W/L balance, or if you have a passion for A&D, then go for it.
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Will be intern at a top 10 commercial bank starting salary is 75k. Not too sure as to what bonus is. I’ve seen people hit more 200k at the age of 30 if their on the sales side
bump also curious. I’ve heard Boeing FP&A salary is trash tho. never worked there so I can’t verify
^Can verify that it is trash. Starting is between 55-60K with very little progression.
What type of bank is it with? JPM/Wells is much better than a regional bank.
Nah not for commercial banking 10k difference between JP and large regional with Large regional paying more.
At the entry level pay isn't the primary consideration it's exit opps. Would you take a job with a large regional over JPM?
Do mid tier banks still pay pretty well?
Yes sometimes better than bb they do it to attract talent
I don't know about the CB side, but I worked in Aerospace/Defense. Salaries are lower than market, the industry is heavily regulated, and progression seems to be slower (though the industry is older, so they will see a ton of retirements in the next 5-10 years and that might create a vacuum which spurs quick growth). For context on the regulation piece, A&D companies feel like they are run by the government. I moved to the utilities space, which is also regulated, but this company feels like a startup in comparison.
Here is the salary progression. These are not guesses- In one of my roles I had access to detailed salary info by title and location.
Analyst I: $50k-60k depending on where you are located (I saw 47k for super low COL, 60k for high COL).
Analyst II: $60-65k
SFA: 70k-80k (obviously higher if you've been there for 20 years, but this is the starting SFA range.)
Manager I: 90k-100k
Manager II: 110-130k
Sr. Manager: 140k-160k
Director: 200k+
Real bonuses don't start til the Director level. Before that it was just profit sharing.. which was anywhere from 2% to a whopping 5% on a (rare) breakout year. Best I ever got was 3.4%. The good side of A&D is that your job is nearly 100% secure, very laid back, and you most likely can be on the 9/80 schedule (which means you work 80 hours in 9 business days and take the 10th day off. Long weekends every other week). If you are industry agnostic and are looking for the best possible experience for the most growth, I would stay away. Most finance roles in A&D would be called "Cost Accounting" everywhere else. If you want security, decent benefits, and a ton of W/L balance, or if you have a passion for A&D, then go for it.
Et dolores impedit commodi pariatur enim aut aut. Impedit error aperiam sit. Cumque perspiciatis velit facilis provident rerum sint temporibus sint.
Sit omnis et et eos amet. Nam nesciunt dolore illum consequatur. Praesentium aut et qui sequi explicabo.
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