Corporate Banking Street Pay 2021
There's not much info out there about corporate banking on this forum. I'm curious to see if CB got a part of the recent wave of pay bumps.
Please state:
Title (with year):
Bank:
Base:
Bonus%:
There's not much info out there about corporate banking on this forum. I'm curious to see if CB got a part of the recent wave of pay bumps.
Please state:
Title (with year):
Bank:
Base:
Bonus%:
+151 | How to stop feeling like shit for not making it in IB? | 57 | 34m | |
+113 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 55 | 11m | |
+70 | Updated LA Banking Scene (2024) | 52 | 1h | |
+38 | Ranking banks that went under | 20 | 5h | |
+34 | Burnt Out M&A ASO | 18 | 2h | |
+32 | A strategy for SA applicants late to the game like myself | 15 | 10h | |
+29 | Relevance of A-Levels for U.K. London recruiting | 21 | 17h | |
+26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
+25 | Intern Ettiquette | 4 | 12h | |
+23 | What are hours like at BBs in London? | 47 | 12h |
Career Resources
Analyst 2
MM
95k
~20-30%
is this BMO
No. Do you have BMO info?
Start next year:
AN1
85K
10K (sign-on)
lmaooo corporate banking pays like absolute shit compared to IB. First years making 200K+ VPs earning $600K+ while we get $100K as analysts and VPs $250K for almost the same amount of work.
Yeah but you have no life
As long as you’re working at a CB that’s seated with the IB (like JPM/Citi/ maybe BofA) you’ll be clearing 100k base not including your 10k signing. Only divergence is YE bonus, but if you’re at a good shop/group. You’ll pull 40-50% bonus while IB might pull 50-70%. You’ll still work at least 60-70 hrs a week early on, with some weeks easily being more. And it ramps up over time definitely as you get to the end of your first year/ second year.
Why are you working that much? You need to change banks
I got into the office at 10 and left at 4 this Tuesday. This was the designated “in office” day. I check emails and will respond when off but I’m not glued to my phone. Don’t work weekends.
I think pay to WLB in CB is as good as it gets for a career in finance. At my BB the pay differential between CB and IB is minimal up until VP assuming you are top rated. My An1 compensation was $160k and given not in NYC that goes a long way. Plus with recent base pay increases, especially at the associate level, comp is better than ever.
Just have to make sure you are at a bank where CB is grouped with IB and they’re not notorious cheap asses like BMO.
Which banks in Canada pay that high for CB?
Can’t comment on Canada unfortunately. At my BB the Toronto office got pay rises in-line with the US (new An1 base 100k).
Bunp
If you’re working anything close to IB hours in CB you’re at the wrong bank.
I’ve worked in both groups at the same bank (CB and IB) and the Analyst/Associates in CB would work 50-60 hrs, whereas IB Analyst/Associates would be working 80 hrs, if not more during a busy period.
What type of bank? What was your pay across your roles?
Start during Summer 2022
LCOL city
AN1: 85k
Sign on: 7k
Target bonus: 10-15%
Sunt illo est accusamus error et rem. Voluptate recusandae in eos. Inventore sapiente velit qui illum quia.
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...