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?
The older I get, the more I realize that career advice from successful people can sometimes be really unhelpful because their path depended on timing, luck, or a very specific environment. Has any common career advice stopped making sense to you?
Two things I want to eliminate from my life this fall: Driving Running errands I’m going to sell my car this summer and only use Waymo, Uber, and Lyft. I’m done. Sick of it. The future is here, so why not take advantage of the perks.
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?
How many of your PTO days do you typically take?
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?
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!