Help Urgent - Offer

Hi fellow monkeys,

Received an offer in CB (housed with IB) with a large European Bank - my base is on par with IB but obviously bonuses will be lower. Was curious to see if anyone has any insights into what bonuses are like for CB in NYC (Not BB).

Thanks

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Comments (15)

  • Analyst 2 in IB-M&A
Jan 28, 2020 - 8:10pm

Would love to know as well, I am actually currently debating whether or not to transfer to CB as CB counterparts at my bank make a decent amount of money with much better hours.

  • Intern in _none
Jan 29, 2020 - 1:58pm

prob 30%-40% of ib bonus, coming from a us bb, unsure about european large bank ( assuming the likes of Barclays, societe generale, hsbc)

Jan 29, 2020 - 2:02pm

are your chances of getting an ib offer good within the timeframe you have to accept? if not, take the offer.

might not be your no.1 preferred choice, but times are tough atm - don't fuck yourself unnecessarily.

good luck.

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  • Prospect in IB - CB
Jan 29, 2020 - 9:27pm

No other offer at hand rn but at the same time dont wanna trap myself in CB with no exit. Will only consider if bonus is moderately good

Jan 29, 2020 - 10:04pm

employment in finance > employment outside of finance > unemployment.

Thank you for your interest in the 2020 Investment Banking Full-time Analyst Programme (London) at JPMorgan Chase. After a thorough review of your application, we regret to inform you that we are unable to move forward with your candidacy at this time.
  • 1
Jan 29, 2020 - 2:13pm

Given that pay is less standardized in "Corporate Banking," which can mean very different things at different banks, is it really out of bounds to reach out directly to the company and ask what guidance they can offer on bonus expectations? Obviously you acknowledge that you're aware there are no guarantees and everything is contingent on individual and company performance - but would this really receive a negative reaction?

  • Prospect in IB - CB
Jan 29, 2020 - 9:26pm

Thanks Couldn't get an answer from HR, all they said was varaible and coul not gimme a range - did not press too hard since I dont have any other offer atm

Most Helpful
  • Analyst 2 in IB - CB
Feb 7, 2020 - 5:56pm

Work in CB for a large foreign bank (not Europe) in the US (not NY). But hopefully these figures are helpful.

Base is a small knock off of IB (think 10k less at Analyst/Assoc) and bonuses are around 30%-40% of base at analyst/associate.

As stated, I've seen them way higher. Some of our NY CB analysts/associates received ~100% bonuses in the past years.

I work 8:30-6 when there isn't a pressing deal. Solid gig in my opinion. But yes, obv exit opps are much better in IB. Some of our more active CB groups are close to the low end of IB hours (8:30-9 with a Saturday).

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