Anyone in Corporate Banking? What is typical compensation (base / bonus) for a 1st year VP? What are your hours like?
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Anyone in Corporate Banking? What is typical compensation (base / bonus) for a 1st year VP? What are your hours like?
I’m curious—what evidence are you seeing that men are experiencing reverse discrimination? In financial services, it still seems like most senior leadership positions are held by men. I’m at a conference and overheard a conversation at the next table.
Tomorrow is Juneteenth and the markets will be closed. Out of curiosity, how do you feel about the relatively new market holiday? • Strongly support it • Neutral — a day off is a day off • Prefer the markets remain open • Doesn’t impact my business either way For those who have been in the industry a long time, has Juneteenth become just another market holiday, or do you still see mixed opinions among advisors, clients, and firms? Me, I like the day off.
I got a nice review recently, but no change in comp or scope, and it made me wonder how much praise matters without action behind it. Kind words are great, but they don’t pay rent. Do you value recognition if it doesn’t come with tangible reward?
I was just separated from my company this morning. After being put on a PIP plan (which btw came as a surprise). Never not once was I told that I’m doing something wrong. In the end, I think I was put on this ridiculous plan because one of the executives stopped liking me. Ever since then, I’ve been targeted up until this point. What do I do?
Leadership question: When a supervisor asks for your honest opinion about a coworker, how candid should you be? Do you give your unfiltered assessment if you believe the person is underperforming or relying too heavily on others, or do you focus only on objective facts and let management draw its own conclusions? Curious how others have handled this situation.
135 base 25k bonus 45 hours NYC
I'd second it.. previously worked at another international Bank... VP in corporate banking base around 160-200 (they had internal levels within VP)... Bonus varies on target and group performance but I heard anywhere from 20% - 50%
Total comp. VP base for investment banking at BAML is $250k. Not sure what corporate banking VP is, I would guess around $200k
^ ouch, really??
That’s way too low
That’s so far off it’s not even funny. I would say closer to 80% of investment bankers at the associate level, probably lower the higher you get, and around 65-70 hours a week. Less weekend work than investment banking but it still occurs
@Baml 2 - do you mean 80% of IB on the bonus portion? Or total comp? Is VP base really $135k?
I think Corp VP 1 base at my firm is 180, maybe 200 at VP 2. Don’t know bonus amount
Thanks BAML 2!