Corporate Banking Analyst Salary and Bonus?

Can someone provide a range of salaries and bonuses for Corporate Banking Analyst positions?

corporate banker salary

Generally, at the starting level corporate bankers make the same amount as investment bankers ($85 k in 2018) but the bonus levels will be somewhat lower than it is for investment bankers.

Our users shared their insights below - however, it is important to note that this data was shared in 2014.

B2Banker - Investment Banking Associate:

Corp. banking at a BB typically pays 70k base with 20-30% bonus for a full year. For those starting after graduation in ~June working for 6months would be looking at 10k sign on, 10k stub EOY bonus.

Corp banking at super regionals is 65-70k base also 20-30% year end bonus, sign on 5-10k.

whatnow321:

So, just to be clear, and I know this varies by firm and stuff, but CB and IB Analyst salaries are typically the same for 1st years at MM or BBs, $60-70k... and it's ultimately the bonus that's different for each, right? With CB bonuses at the analyst level being like $20-30k while at IBs its like $30-50k?

User @Morrah shared for recent data from 2015:

Morrah:

Since the increase, an update at Citi is as follows:

  • 1st year Analyst: 10k sign on (same as IB) / 85K Base (same as IB) / 25-40K bonus
  • 2nd year Analyst: 90k base / 45-60k bonus
  • 3rd year Analyst: 95K base / 65-80K bonus (if you stay through full 3rd year - many are promoted to associate in Jan)
  • 1st year Associate: 40k sign on / 125k base / 75-100k bonus
  • 4th year Associate: 165K base / not sure
  • 1st year VP: 175K base / not sure

Want to learn more about corporate banking? Check out the video below.

Read More About Corporate Banking on WSO

Decided to Pursue a Wall Street Career? Learn How to Network like a Master.

Inside the WSO Finance networking guide, you'll get a comprehensive, all-inclusive roadmap for maximizing your networking efforts (and minimizing embarrassing blunders). This info-rich book is packed with 71 pages of detailed strategies to help you get the most of your networking, including cold emailing templates, questions to ask in interviews, and action steps for success in navigating the Wall Street networking process.

Networking Guide

Comments (112)

Jul 5, 2017

Deleted

    • 1
Jul 5, 2017

Deleted

Feb 26, 2014

Corp. banking at a BB typically pays 70k base with 20-30% bonus for a full year. For those starting after graduation in ~June working for 6months would be looking at 10k sign on, 10k stub EOY bonus.

Corp banking at super regionals is 65-70k base also 20-30% year end bonus, sign on 5-10k.

Feb 27, 2014

DO they still follow the same raise structure as IB (70/80/90)? or is it less set in stone?

    • 1
Mar 6, 2014

Yes, they use same raise structure at BB's. Bonus is more. $30kish

Mar 6, 2014

Yes, they use same raise structure at BB's. Bonus is more. $30kish

Mar 6, 2014

What about at Associate level?

Jul 5, 2017

Deleted

Mar 7, 2014

So, just to be clear, and I know this varies by firm and stuff, but CB and IB Analyst salaries are typically the same for 1st years at MM or BBs, $60-70k... and it's ultimately the bonus that's different for each, right? With CB bonuses at the analyst level being like $20-30k while at IBs its like $30-50k?

Mar 7, 2014

65k + 10k sign on for me, off-cycle hire at a super regional.. Know some folks who made over 100k their first year after year end bonus.

Not a bad spot to be in.. Hours are not near as bad as IB and the comp is fairly similar. Granted, the exit opportunities probably aren't as good but it isn't a bad place to start at all

Mar 7, 2014

Holy crap if you use the search function, you will find so many posts about this.

You will be a terrible analyst anywhere if you don't learn to use the google

Mar 26, 2014

At my BB Bank:
Analyst 1-Year: 10k Sign on/70K Salary/25-45K Bonus (depend on Tier)
Analyst 2-Year: 80K Salary/35-55K Bonus
Analyst 3-Year: 90K Salary / 45-65K Bonus
Associate 1-Year: 40K Sign on / 110K Salary / 55-75K Bonus

Pretty good for only working 60 hours a week on avg.

    • 1
Mar 26, 2014
Morrah:

At my BB Bank:

Analyst 1-Year: 10k Sign on/70K Salary/25-45K Bonus (depend on Tier)

Analyst 2-Year: 80K Salary/35-55K Bonus

Analyst 3-Year: 90K Salary / 45-65K Bonus

Associate 1-Year: 40K Sign on / 110K Salary / 55-75K Bonus

Pretty good for only working 60 hours a week on avg.

you workin' with Jamie?

Mar 31, 2014

Nope

Mar 31, 2015

What about VP/ED level? thanks

Mar 26, 2014

How hard is it to transition from Corp. Banking to IB , or Corp. Banking to HF though ? I imagine it would be extremely difficult.. but i genuinely want to know

Mar 26, 2014

Not hard. I know someone who did CB SA and leveraged that during FT recruiting for IB at the same BB. He busted his ass all summer and had others vouch for him.

Mar 26, 2014

thanks

Apr 19, 2014
basherdasher:

How hard is it to transition from Corp. Banking to IB , or Corp. Banking to HF though ? I imagine it would be extremely difficult.. but i genuinely want to know

It's really not hard, it definitely helps if you are coming from BB. The issue is that some "Corporate Banking" groups at large regional banks deal with the type of clients the "Middle Market" group at a BB would work with so the experience can be vastly different depending on the type of analysis you would be doing (which in turn depends on size of client). For instance, if you are working with clients in the ~500MM range at a large regional bank, the number of publicly traded clients in your book will be very small. The other issue you come across is leading syndicated transactions vs. being a participant as the lead will do all heavy lifting in regards to the structure and you are merely underwriting at the participant level to see if your bank is ok with "taking" the terms put forth. With that said you do see some of the larger regional banks being involved in plenty of syndicated transactions, they just will not be leading the majority of the time. You might also end up doing a lot of bilateral (2 party) deals depending on the exposure.

Easiest transition is when you are coming from an industry specific Corp. Banking group and making a move to same IBD industry group (i.e. going from Energy CB to Energy IBD). It will also be easier to make an internal move within your BB after networking than say going to GS/MS. In short it is quite possible you just need to make sure you target the right opportunities. Exit opps are good as well and you have the ability to stay in corp. banking long term which gets more lucrative over time, you just see a lot less of the PE/HF exits (usually will happen after moving into IBD first) unless you are going to a credit fund (though Lev. Fin. experience is more desirable for moving into those roles). With that said, you can also exit to Lev. Fin or DCM roles after CB. Early on after undergrad, your exit opps are very broad and are also based in part on where you went to school and your stats there, working at a solid BB and getting good experience helps out a lot, you just need to have a good story...with that in mind definitely need to have the stats you would in UG when applying to these roles entry level (target/semi-target with good GPA+experience).

    • 1
Mar 31, 2014

Can confirm 65k salary, 10k sign-on at a MM regional.

Jan 30, 2015

Very recently salaries are beginning to push up, following the trend in IB. Going into CB at BB and it's $80k. Friend at another BB for CB about to make $85k.

Feb 11, 2015

banana_boss any sense of what bonus is like for CB analyst?

Feb 12, 2015
whatnow321:

banana_boss any sense of what bonus is like for CB analyst?

Sorry I dont. Wondering the same thing myself.

Feb 27, 2015

I think there is confusion about BB Corporate Banking when CB is segmented with the Investment Bank, compared to BB Corporate Banking and the CB is separate. For example, I know at Citi the two are generally together and they pay the same salary as IB and just get 50% the bonus IB guys get. I know two guys in the latter, are 2nd year analysts and just busted $70k with their year end bonus. I suspect JPM/Citi are the former and Wells/BofA are the latter.

Oct 29, 2015
not1cuckaroo:

I think there is confusion about BB Corporate Banking when CB is segmented with the Investment Bank, compared to BB Corporate Banking and the CB is separate. For example, I know at Citi the two are generally together and they pay the same salary as IB and just get 50% the bonus IB guys get. I know two guys in the latter, are 2nd year analysts and just busted $70k with their year end bonus. I suspect JPM/Citi are the former and Wells/BofA are the latter.

Since the increase, an update at Citi is as follows:
1st year Analyst: 10k sign on (same as IB) / 85K Base (same as IB) / 25-40K bonus
2nd year Analyst: 90k base / 45-60k bonus
3rd year Analyst: 95K base / 65-80K bonus (if you stay through full 3rd year - many are promoted to associate in Jan)
1st year Associate: 40k sign on / 125k base / 75-100k bonus
4th year Associate: 165K base / not sure
1st year VP: 175K base / not sure

    • 2
Oct 29, 2015

If you can't figure that out on your own, you are asking the wrong questions.

    • 1
    • 2
Oct 29, 2015

What the, man? I can't figure that out if someone didn't tell me... I bet you magically knew everything when you were born.

    • 1
Oct 29, 2015

Same as investment banking

Oct 29, 2015

I know what salary they offered obviously, but I can't find any info in terms of what the end of year bonus ranges will be. I am expecting it to be lower than the GIB but I am hoping it is still at least 20-60 grand.

Oct 29, 2015

First Year Salary/Bonus: $55K / $10k - $25K
Second Year Salary/Bonus: $60K / $15K - $35K
Third Year Salary/Bonus: $65K / $25K - $40K

First Year Associate: $35K - $50K

This info was confirmed by a JPM recruiter

    • 1
Oct 29, 2015

This shit is posted on like every other day. If you can't use your own resources to answer questions for yourself, then you are going to fail in finance. Its all about due diligence.

    • 2
Oct 29, 2015

Actually I tried to search under "Corporate Banking Salary" and I didn't find the results I was looking for. If you don't like the "shit" thats posted don't waste your time or mine by responding. And I think I'll be ok in finance but thank you sincerely for your concern.

Oct 29, 2015

corporate banking salary info is not prevalent on these forums....and as you can see from my post above, there is a disparity. FYI, expect to earn about $5K more in both salary and bonus at other firms such as BofA and Citigroup. JPM is at the lower end...which sucks considering their corporate bankers spend half of their time pitching M&A and subordinated capital solutions. Frankly, I would hope corporate banking salaries would get bumped up over the next few years.

Oct 29, 2015

thanks monopolisf for your help. i appreciate you providing this information. although JPM mid corp banking is paid lower i feel this is definately a good group to get my feet. from my understanding it can open a lot of doors in different groups. thanks again for your help. ill keep hoping there is a salary bump.

    • 1
Oct 29, 2015

You will work very closely with capital markets professionals in NYC as well as the M&A folks. Build a good rep and eventually you will be able to move anywhere you want to go within the organization.

Oct 29, 2015

Does anyone have any updates on this topic? What are the salary and hours like at Corporate Banking in Citi, JP?

Oct 29, 2015

I believe base CB salary in Citi is on par with IB (1st year 70, 2nd year 80, 3rd year 90) but bonuses will be less than IB for sure, I'm guessing 50-75% in each bucket range. Hours are way better, you will definitely have weekends sometimes and it's rare you're staying past midnight every day.

Oct 29, 2015

2010 numbers for corporate banking in Toronto (all confirmed), for first year analyst, and associates. Base/bonus.

RBC Capital Markets: Global Credit - only hire at associate level - 90k/30k
BMO Capital Markets: LPG 70k/20k, 90k/30k
TD Securities: Only hire associates - 90k/30k
CIBC WM: CCP - 80k/15k, 100k/25k
Scotia Capital: 70k/15k, 85k/25k
JP Morgan: Mid Corp Banking - 70k/25k, Not sure about associates
HSBC: Only hire associates starting at 90k + bonus.

Oct 29, 2015
canadiangraduate:

2010 numbers for corporate banking in Toronto (all confirmed), for first year analyst, and associates. Base/bonus.

RBC Capital Markets: Global Credit - only hire at associate level - 90k/30k
BMO Capital Markets: LPG 70k/20k, 90k/30k
TD Securities: Only hire associates - 90k/30k
CIBC WM: CCP - 80k/15k, 100k/25k
Scotia Capital: 70k/15k, 85k/25k
JP Morgan: Mid Corp Banking - 70k/25k, Not sure about associates
HSBC: Only hire associates starting at 90k + bonus.

surprised by this. when i was doing corp banking in 2006/2007, bonuses for 1st yr analysts were 40-75 w/ 60 base

Oct 29, 2015

Thanks for the input! I'm a third year at a target school in Canada but I've been bouncing around with a bunch of options
I was wondering what the process was like for corp banking recruiting (esp compared to IB)
However, I landed an corporate finance internship, and have experience with the federal tax authorities in audit.
Do you have any hints on marketability when recruiting (primarily for corp banking)? Anything you did specifically to stand out and grab the offer(s)?

Oct 29, 2015

What's your source canadiangraduate?

Oct 29, 2015

That's higher than I would have expected.

Oct 29, 2015

Intern at two of them, accepted one of them full time last year. Rest of them are from direct friends.

Oct 29, 2015

Whats your school/background if you don't mind me asking?

Oct 29, 2015

I did a double degree (business and math) at the University of Waterloo and Laurier.

Oct 29, 2015

canadiangraduate: can you elaborate a bit more about corporate banking and what all it entails? There seems to be a dearth of info on the site about what corporate banking is, so if you can shed some light on that, I think it would be of great use to us all.

Pretty women make us BUY beer. Ugly women make us DRINK beer.

Oct 29, 2015

Depends from bank to bank, some have it as a completely separate group and others have it side by side with the IB group. There are different groups among CB, like trading room credit in which you help manage a portfolio of clients that trading facilities (i.e. contingent/uncommitted) to accommodate the exposure of derivative (foreign exchange forwards, interest rate swaps, credit derivatives, etc.), securities lending, repo transactions etc. This group works closely with the trading floor and usually manages the relationship. There are also the normal industry groups most people work for, like mining, real estate etc. These groups lend to corp clients through revolvers, term loans, bridge & acquisition financing, project finance, synthetic leases etc. There is also the syndications team and sometimes the leverage finance team.
Hours are normally 55-65/week with some occasional late nights and weekends. You spend half your time working on new transactions, and the other half doing annual reviews on your existing portfolio of clients. A lot of wining and dining, since its more of relationship management rather than a one time transaction. Downside is you do minimal financial modeling, and have much fewer exit opps than IB. Most people end up working for 5-10+ years since they don't burn out as easy.
Apologize for the poor grammar, just rushed this. Hope it helps.

Oct 29, 2015
canadiangraduate:

Depends from bank to bank, some have it as a completely separate group and others have it side by side with the IB group. There are different groups among CB, like trading room credit in which you help manage a portfolio of clients that trading facilities (i.e. contingent/uncommitted) to accommodate the exposure of derivative (foreign exchange forwards, interest rate swaps, credit derivatives, etc.), securities lending, repo transactions etc. This group works closely with the trading floor and usually manages the relationship. There are also the normal industry groups most people work for, like mining, real estate etc. These groups lend to corp clients through revolvers, term loans, bridge & acquisition financing, project finance, synthetic leases etc. There is also the syndications team and sometimes the leverage finance team.
Hours are normally 55-65/week with some occasional late nights and weekends. You spend half your time working on new transactions, and the other half doing annual reviews on your existing portfolio of clients. A lot of wining and dining, since its more of relationship management rather than a one time transaction. Downside is you do minimal financial modeling, and have much fewer exit opps than IB. Most people end up working for 5-10+ years since they don't burn out as easy.
Apologize for the poor grammar, just rushed this. Hope it helps.

Thanks for this, very helpful!

Oct 29, 2015

Not to nag or be annoying but I really couldn't help and ask. I noticed you wen't to Laurier and Waterloo for Bussiness&Math which is w/o doubt a respectable degree in both fields - that being said, coming out of either school it seems as if the hype between the big four(Queens, Rotman, Ivey, and Shulich) is pretty much irrelevant considering you didn't go to neither of the four. You wouldn't mind me ask from experience what advice you'd give to someone in the hopes of breaking into banking? Sorry if I got off-topic with the thread, it's just I'm really worried I didn't get into Rotman and kind of stressed that I have to take Economics under Social Science (BA) in attempt to transfer after first year to Rotman (Bcomm). Thanks in advance man!

J.Dough

Oct 29, 2015

I had previous offers at RBC Cap Markets for base $110 bonus 110% of salary - THIS WAS CORPORATE BANKING

Also: TD Securities $125 Base and bonus 30%-100%

Associate position

Oct 29, 2015

Can anyone comment on the validity of the above numbers? I thought most Corporate Banking analyst salaries were around 60k total.

  • Anonymous Monkey
  •  Oct 29, 2015

Those salaries are probably accurate. Remember that the CAD is weaker than the USD

Oct 29, 2015

bump!

Oct 29, 2015

Vilma, any chance you interviewed earlier today?

Either way, WF is highly negotiable. Ranges from 60-75k base for first year analyst, plus 10%ish bonus and a signing bonus

Oct 29, 2015

Thanks for the info! Was that number specifically for Wells Fargo?

Oct 29, 2015

I'm a first year at one of the large, Japanese banks doing CB. Base is 75k, no idea what bonus will be and everyone I worked with was 30+ so they're not very good proxies. I'm expecting 10-20k though.

Oct 29, 2015

Do you mind if I ask which Japanese bank you work for? I am currently interning at one..

Oct 29, 2015

bump

Oct 29, 2015

Would be keen to get an update on this?

Oct 29, 2015

Right now salaries are ranging from 60-70/70-80/80-90 for 1st-3rd year analysts depending on the bank you work for.

Not sure how many received the 25% pay bump, I am guessing every bank that has CB and IBD side by side did. Any monkeys able to chime in?

Oct 29, 2015

Not sure if this thread is dead but throwing out for reference that BBs bumped CB along with IB salaries this year

Oct 29, 2015

Same base as IB (85/90/95), bonuses vary but at my bank it ranged from 50-70k (analyst 1-3).

Oct 29, 2015

you're being very generous in the bonus department.

you should know that corporate banking generates relatively little revenue. while base can very from bank to bank (although 55k is a good ballpark) you should expect a bonus of ~5k.

Oct 29, 2015

agreed with the above, i had a friend that accepted an offer with one of the banks you mention and the sign-on wasn't even that high

Oct 29, 2015

You cannot compare corporate banking at BAML and Citi with JPM. JPM is in a league of its own. One of the hallmarks of JPM's platform is the strong partnership between the Investment Bank and Corporate Banking. The latter generally adds significant value with respect to winning capital markets/financing fees for tier 2 clients.

JPM Corporate Banking analyst bonuses range from ~$15k for middle-rank 1st year analysts to ~$40K for top-20% 3rd year analysts. Salary is in line with the broader corporate banking market. Unfortunately, I don't have any insight regarding signing bonuses.

Good Luck!

Oct 29, 2015

ANYONE HAVE UPDATES ON THIS? 2010 CORPORATE BANKING FIGURES?

Oct 29, 2015

im going to try and revive this thread, anyone got any 2013 data?

Oct 29, 2015

You have a shot at the larger firms but Corporate Banking is underrated. If you can break into BB corp banking the pay is great. Work long hours early on but eventually your job becomes flying around the country for dinners, golf, and fishing. The pay is 200+ by age 35. Def not as much as the big boys in IB, but not a bad life!

Oct 29, 2015

Is this still accurate today? How exactly do you break into BB corporate banking?
Still interested in this as I am expanding my options.

Oct 29, 2015

I interviewed with PNC also for a first round in corp. banking/capital markets and they told me that their summer intern interviews would take place mid-late Feb. When was your super-day?

Oct 29, 2015

I had a friend do corporate banking SA for a BB for one summer and applied for IB analyst and got the job in the fall.

Oct 29, 2015

You don't get paid quite as much in Corp Banking as you do in IB, base salaries are the same though (in most BB), but salary varies. 1 year is between 20-45K for analysts, going up by 10k per year for the other two (salary goes up by 10k as well per year). You work on avg about 60 hours a week, so all in, the work life balance is unbeatable for the pay. People tend to stay in CB, because exit ops aren't as good as IB, although some go on to Mezz funds or Credit Funds, or Corp Treasury. If you stay in it, you'll be making the same base salary as any IB VP, Dir, or MD, but your bonus is still smaller. MDs make $400K base, with bonus around 300K. Pretty good for only working 9-5:30 M-F, with travel in between.

Oct 29, 2015

I'd like to know as well.

Oct 29, 2015

70k + 10k + bonus

some people from corporate banking move to ibd (if they network) or to F500 companies

Oct 29, 2015

one of my friends at a BB just switched from ibd to corporate banking after her first year. she is super excited as she is just getting a 40k bonus rather than ibd 1st bucket but is going to be working much less (relatively)

Oct 29, 2015

would corp banking or corp fin (f500 non-rotational) provide better exit opps/growth?

Oct 29, 2015

hey sherminator, whats the average corp banking bonus. so your friend would be earning 80k+40k?

Oct 29, 2015

Not as much as some say... ~20k max split between signing and 1st year

Oct 29, 2015

Doesn't that seem a bit low given that signing alone is 10k?

Oct 29, 2015

Yes but let's be honest it's not investment banking, you're not working 80+ hour weeks you're working 50-60 hours weeks. You're not earnings multi-million dollar fees on each transaction, you're earning multi-thousand dollar fees and the interest on each loan (which is not free, you only really make the spread).

Oct 29, 2015
Texas Tea:

Yes but let's be honest it's not investment banking, you're not working 80+ hour weeks you're working 50-60 hours weeks. You're not earnings multi-million dollar fees on each transaction, you're earning multi-thousand dollar fees and the interest on each loan (which is not free, you only really make the spread).

def cuz every ib transaction you receive millions in fees
CB fees are pretty good 2

ignorant statement

speed boost blaze

Oct 29, 2015

This isn't true at all. JPM CB first years work 70-80 hours a week on average. Bonuses 15-30k not including sign-on. I'm sure other BBs are right on par with this.

Oct 29, 2015

I know of some people in CB working hours not too far from bankers. Could depend on the firm..

Oct 29, 2015

I speak from experience in BB corporate banking, maybe I was just at the wrong bank. Didn't know anyone in the same position at other banks so maybe you're correct.

Oct 29, 2015

interested as well

Aug 12, 2016

bump

Oct 1, 2016

Can someone give me an idea where this role would fall in the structure salary wise? It is a Portfolio Manager 2 role with Wells. Is this an Associate level role or AVP etc?

For Citi but if had to guess for Wells where would it fall here?
1st year Analyst: 10k sign on (same as IB) / 85K Base (same as IB) / 25-40K bonus
2nd year Analyst: 90k base / 45-60k bonus
3rd year Analyst: 95K base / 65-80K bonus (if you stay through full 3rd year - many are promoted to associate in Jan)
1st year Associate: 40k sign on / 125k base / 75-100k bonus
4th year Associate: 165K base / not sure
1st year VP: 175K base / not sure

The Corporate Banking Portfolio Manager 2 will focus on structuring and executing transactions and support more senior staff with financial/credit analysis for corporate customers. Duties may include: representing the bank in developing and maintaining client relationships with smaller/less complex clients; actively participating with more senior staff in the completion of transactions for the most important clients; reviewing and interpreting credit policies and procedures and incorporating requirements into credit analysis, observations and lending recommendations. In support of more senior staff, performs or guides credit underwriting work of more junior staff in accounting for all risk factors and providing risk rating recommendations. Responsible for developing presentation materials for client meetings and internal discussions; may take ownership of and lead follow-up items with a client after a call; sees items through to resolution to support broader deal team/organization. May direct junior members of team to help with client meeting material preparation.

Required qualificiatons:
2+ years of experience in one or a combination of the following: underwriting, credit, relationship management, or portfolio management; or successful completion of Wholesale Credit Management Training Program

Nov 10, 2016

Bonus season is nearing.. overall, was it a good year for you corporate bankers out there?

Banker and blogger @ thecorporatebanker.com

Nov 10, 2016

Looking at these responses I am in shock. I got offered 60k +5k sign on and ~5-10% EOY bonus with the BB I interned at. Guess it varies between banks.

Dec 25, 2016

2nd year analyst at big 5 Canadian bank in the US - 80k base (flat base salary for 1st to 3rd year analysts), 35k bonus. 60 hour work weeks, very few work weekends, so can't complain.

Array

Jan 24, 2017

Going to revive this topic... at the AVP level at a BB bank in Credit within Corporate and Investment Banking group. Currently make $100k base with 20-25% bonus. Have an opportunity to move into Corporate Banking within the bank... before I attempt to go down the rabbit hole I have a couple questions.

1) Currently an AVP/Associate, what will I likely go to in Corporate Banking? Will I remain at that level or drop to a 2nd or 3rd year analyst?

2) What will the pay difference be between what I am making now and what I should expect to make? From reading this thread, seems like if I come on as AVP, should expect somewhere between $160 and $200 all-in? What about 3rd year analyst? I am not at JPM, one of the other BB.

Jan 28, 2017

A lot of this thread is in regards to BB Corporate Banking. Does anyone have insight into pay/hours of middle market corporate banking?

Feb 3, 2017

JPM pays off cycle from IB analysts but after an initial stub period and 10k stub bonus, base for 1st yr analyst is 85, 2nd yr is 90. Sign on 10.

Feb 3, 2017
banana_boss:

JPM pays off cycle from IB analysts but after an initial stub period and 10k stub bonus, base for 1st yr analyst is 85, 2nd yr is 90. Sign on 10.

Thanks for the response banana.

Best Response
Apr 10, 2018

BB Corporate Banking Compensation Update (at least at my firm):
* 1st Yr Analyst: 10K sign-on / 85K base / 25-40 bonus
* 2nd Yr Analyst: 90k base / 30-45 bonus
* 3rd Yr Analyst: 95K base / 35-50 bonus
* 1st Yr Associate: 40k sign-on / 125K base / 50-60 bonus
* 2nd Yr Associate: 140K base / 50-60 bonus
* 3rd Yr Associate: 150K base / 55-75 bonus
* 4th Yr Associate: 165 base / 60-80 bonus
* VP: 175K+ base / 80-110 bonus
* Director: 225K+ base / 125K+ bonus
* MD: 400K base / 300K+ bonus

These are confirmed, but of course vary from firm to firm. This is for one of the highest paid BB CB firms on the street (this is not commercial banking salaries).

Would encourage those who are interested to give BB Corporate Banking a shot. IB is not for everyone. With all the turnover that IB has, I've had more than a few offers over the years to switch to our IB group on our floor, but have chosen to stay where I am. Not everyone in CB is trying to get into IB. CB is a lifestyle banking career path, which means you may not get paid quite as much as the guys in IB sitting on the same floor as you, but you are also averaging leaving the office between 8-9pm every night as an analyst (sometimes very late nights), and rarely do you HAVE to work on the weekends if you are efficient with your time and have a good group. I did 3 all-nighters as an analyst - that's it.

If you want to go to private equity, go to IB. But don't come on these boards and bash CB because they aren't IB and don't have the same exit ops - just like I wouldn't buy a sports car and bash people who prefer trucks and assume that everyone wants a sports car. That's the point, they are different for a reason. For someone who actually wants a life and to see their friends and family, I couldn't think of a better career path for ME. I get to travel internationally, attend very interesting client meetings with senior execs, work on a ton of interesting transactions, and get paid well. Works for me.

    • 7
Apr 11, 2018
Comment
Apr 12, 2018
Apr 12, 2018
Apr 11, 2018
Apr 11, 2018
Apr 12, 2018