VP Base Increase?

Looks like most Analyst and Associates have received communication on raises. Anyone know if VPs are getting a bump? Asking as my bank pays VPs and up a flat $250k.

Assuming it wont be going up but wanted to check? Maybe some of the lower VP paying firms like RJ @ $200k for VPs may bump them up to get at least in line with the new Asso3 comp of $225k.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (39)

Aug 12, 2021 - 4:50pm

I doubt it since you're pretty far along the IB track by the time you hit VP and your universe of exit options has narrowed considerably. Not to say that there aren't great exit opps for VPs because I think they do exist, I just don't think banks need to worry about VPs jumping ship for other roles the same way they do about analysts and ASOs

Fortis Fortuna Adiuvat
  • Analyst 2 in IB - Cov
Aug 12, 2021 - 6:23pm

Totally disagree with your conclusion.  While their exit ops are more limited, VPs can easily jump to other IBs paying more.  There is a huge discrepancy in VP pay right now.  I don't know how RayJay can continue to pay so low when others are paying in the mid to high $200s

Aug 12, 2021 - 6:25pm

That's fair, I didn't realize pay wasn't as standardized at the VP level and thought RJ might have just been an outlier based on original post

Fortis Fortuna Adiuvat
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Business School in IB - Cov
Aug 12, 2021 - 6:36pm

If you don't mind, what's your expected all in comp? Is bonus 100-150%? Also, how much could someone in your situation expect in stock vs. cash bonus? Thanks

  • VP in IB - Gen
Aug 12, 2021 - 7:16pm

100% bonus is a good baseline for VP1.  Banks vary with deferral but at my bank, 30% of any bonus above 100k gets deferred over three years.  25% of that deferral pays out the following year, another 25% the year after that, and 50% the final year.  If you've worked at the bank a few years, it's not too bad because you get backfilled from previous years deferred bonuses for what you lose this year.  It does suck your first year though.

Aug 12, 2021 - 7:03pm

I don't think all banks communicated associate bumps and even less did for VP. I think because analyst bonuses are on the summer cycle they addressed those first to kind of keep people from leaving. Since we are on a year end cycle maybe more come around and communicate raises then. Although it would make sense if they raised all around before extending offers to summer associates and stuff. Who knows. 

  • VP in IB - Gen
Aug 12, 2021 - 7:14pm

Think the issue is more that as3 base comp is very close to VP now.  The jump between AS3 and VP comp for banks that didn't bump is the same as the jump from AS2 to AS3 in terms of base.

Most Helpful
Aug 12, 2021 - 9:38pm

Agreed. I'm still adjusting but As3 at $225k is high (not complaining $$). If VPs get a bump over $250k they would need to bump all SRs as from what I know, base doesn't go too much higher than that. Though one MD once complained to me that UBS was paying MDs $400k base which I could tell he envied.

I've always thought most firms have MDs  at a base of $400-500k

have never met somebody envious of UBS either tho

Aug 16, 2021 - 2:07pm

Bumping this. Any info on VP bases being bumped? 

If a few VPs are seeing this, what was your A3 bonus as a % of your base?

Older data points, but most associates I know that got the VP promote were above 110% bonus (vs. base)

  • Analyst 1 in IB - Cov
Oct 24, 2021 - 10:49pm

Nesciunt debitis nesciunt rem aut. Facilis tenetur ad eos sapiente exercitationem labore. Id ab impedit quia atque dolorem. Et sed ut facilis enim. Sit ut nostrum illo animi et nemo. Sed ex deleniti et non aperiam accusantium consectetur. Ut non tempore soluta possimus ea in saepe.

Nov 8, 2021 - 2:17am

Corrupti earum esse quis corporis aut quis explicabo. Ad error animi qui illo. Et illum non similique quae neque rerum.

Velit ducimus vero ea repellat voluptatem aspernatur vel qui. Recusandae incidunt quo deleniti velit aut. Aliquid quasi illo esse enim soluta porro accusantium ipsa. Quia quod et voluptates exercitationem ad enim iste. Blanditiis ad illum aut voluptatem. Perferendis laudantium sequi alias quae sequi. Magni architecto magni dolorum excepturi quia nesciunt.

Veniam ipsam provident nulla eaque neque officiis magnam ad. Temporibus iure voluptatem cumque cupiditate totam ut vel. Qui suscipit et quia similique sit aut a. Sunt beatae et nemo tenetur quia officia.

Dicta perspiciatis enim enim iusto beatae ut sit facere. Possimus sit corrupti iusto autem recusandae voluptas. Nobis atque sunt non esse harum. Eum sed veritatis atque odit expedita libero a debitis.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (236) $235
  • 2nd Year Analyst (145) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (514) $136
  • Intern/Summer Analyst (394) $84