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 whether people would accept slightly lower pay for a genuinely healthier culture. A bad environment can make good compensation feel less valuable. What would you trade for peace of mind at work?
How are you guys filtering out the fake job listings? I’ve applied to 20 different recruiter postings this month that look absolutely perfect, only to find out the roles don't actually exist. It turns out a lot of these agencies are just farming resumes to pad their databases and look active while hiring freezes are taking effect. It’s incredibly exhausting to tailor your resume and write cover letters for phantom positions that will never be filled.
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.
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?
💭 How/when do you disclose that you were let go from your last job in an interview?
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!