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.

Comments (72)

Aug 12, 2021 - 4:50pm
Lion1754, what's your opinion? Comment below:

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

  • 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

  • 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
conyak, what's your opinion? Comment below:

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
high hopes, what's your opinion? Comment below:

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

Oct 18, 2021 - 12:44pm
PeRmAnEnTiNtErN, what's your opinion? Comment below:

From what I have heard.  MD, Directors and VPs (sometimes) really start to get their comp from their bonuses not their bases.  

Aug 16, 2021 - 2:07pm
high hopes, what's your opinion? Comment below:

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)

Aug 17, 2021 - 12:54pm
NPV, what's your opinion? Comment below:

Believe BofA is now $275 base and Wells is now $250

  • 1
Feb 1, 2022 - 3:28am
EBITduhhh, what's your opinion? Comment below:

Does Jefferies still does that cash bonus clawed back if you leave within a year? I've read on this forum before but I never quite understood that entirely - doesn't that mean you always lose your last year's cash bonus if you leave banking (deferred was always meant to be paid out in future so you'd obviously forego that part)? 

Would appreciate if someone could help me understand that!

  • VP in IB - Gen
Dec 12, 2021 - 1:30pm

think some banks who have VP base go up by year don't necessarily start VP1 at $275k

Mar 30, 2022 - 12:37pm
PeRmAnEnTiNtErN, what's your opinion? Comment below:

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  • Associate 2 in IB - Gen
Mar 29, 2022 - 4:45pm

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