Anyone in Corporate Banking? What is typical compensation (base / bonus) for a 1st year VP? What are your hours like?
3
Anyone in Corporate Banking? What is typical compensation (base / bonus) for a 1st year VP? What are your hours like?
I’m curious how people think about loyalty now. Companies talk a lot about retention, but employees have learned not to assume stability. Do you still believe in staying long-term at one company?
While travlng for work, I got sick & had to miss a planned excursion. Later, at dinner, I was eating bread because my stomach was still upset. A coworker joked in front of the group that maybe I had drank too much. The comment bothered me because it wasn’t true, & it felt dismissive. This isn’t the first time this person has made teasing comments, but this one felt different because I was clearly not feeling well. How have you handled coworkers whose humor comes at someone else’s expense?
What are the first 5 things you should do when you get put on a PIP? Just learned about it this morning. I didn't see it coming. Planning on working on the resume later, but I'm spiraling a bit right now.
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’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.
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!