Comments (45)

Dec 11, 2018

Pretty confident they are both 85k base for first year. Maybe 30% bonus?

Dec 11, 2018

Can confirm Citi 85k base

    • 1
Dec 11, 2018

A user in an older thread about Corp Banking comp mentioned that as of 2015, Citi is paying 85 base with a 25-40k bonus for 1st years

Don't confuse motion with progress. You can run in place all day, doesn't mean you'll be moving forward.

Dec 11, 2018

Do a search.. Loads of information about CIB corporate banking gigs on here.

Dec 11, 2018

85k base with 25-40k bonus sounds way too high for first year analyst. I will say 65k-75k, 5k signing bonus with 10k-20k annual bonus. Salary is pretty much the same across all cities as far as BB is concerned.

    • 1
    • 4
Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Dec 12, 2018

It's 85 + 5 + 20-25

Source: old coworker who's a 1st yr in CB at Citi

Dec 11, 2018

Can't post the link, but search "Corporate Banking Analyst Salary And Bonus" and you''ll find the thread from 2014 stating that comp. I do agree 40k sounds high, was just stating what I read from that thread and the user did mention it depends on tier. Can confirm Citi pays 85 base (have a friend there) and JPM does too fwiw. Bonus is around 30-40% (translating to ~ 25 to 34k) from other threads i've read regarding Corp. Banking pay. You'll find more threads regarding this by searching, hope that helps OP

Don't confuse motion with progress. You can run in place all day, doesn't mean you'll be moving forward.

Dec 12, 2018

Corporate banking pays the same base as IB but a smaller bonus - this has been the case at every bank I know.

Dec 12, 2018

This sounds about right. At least for the more junior levels. I reckon if you break it down to the hour the corp banking grads have a better deal.

Dec 11, 2018

commercial banking =/= corporate banking in a CIB org.

Dec 14, 2018

Wrong. Interned at a BB in S&T and a close friend worked in Corp Banking. Believe it or not CB, S&T, and IB all start out at $85k base. Sign on might have been lower. However, he mentioned bonus was 25% to 50% of base.

Dec 19, 2018

Have a couple of friends in BB corporate banking roles and they confirmed first years start off with $85K base and 25-30% bonus (consistent with my bank too)..not too shabby for a 9-6 gig

Jan 9, 2019
Debtbanker:

Have a couple of friends in BB corporate banking roles and they confirmed first years start off with $85K base and 25-30% bonus (consistent with my bank too)..not too shabby for a 9-6 gig

You sure it's only 9-6? I was under the impression that CB can be 60-70 hours quite easy. I'm sure some lower deal flow groups are more 9-6ish tho

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Jan 8, 2019

Currently a first year analyst in CB. Base is $85K as others have mentioned. Top bucket CB bonus is typically higher than a low IB bonus, which translates to a range of $30 - 50K. During busy times hours are almost the same as IB, but with fewer weekends and better predictability on project timelines which also means fewer all nighters. Anecdotally, the second year analysts I've asked have made closer to the $50K end of the spectrum.

    • 3
Jan 8, 2019

Just accepted a CB position at a BB. Mind if I send you a PM with some questions regarding hours and such?

Jan 8, 2019

I think it could be helpful to others have the info listed in the thread, but if you have any questions that could be sensitive for whatever reason feel free to PM.

Jan 12, 2019

What were corporate banking bonuses looking like at the associate level this year?

Jan 13, 2019

Should absolutely be noted that the 85k base/20-25k bonus at year one only applies to some BB's (and maybe Suntrust for some reason...). At Wells, BAML, and anything smaller, starting pay is 70k + 10-15% bonus. That first comp range is more applicable to first year associates at non-bb's. Also, 60-70 hours is a little high. Would say it's more like 45-60. But I'm also honest about hours, whereas some people like to overinflate for some reason.

Source: was an Analyst and Associate at Wells/BAML CB

    • 1
Jan 13, 2019

New York office?

Jan 13, 2019

No, south east. I know NYC comp was a couple K higher, not much

Jan 13, 2019
Comment
    • 2
Jan 13, 2019