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.
I am 63 years old and have 30 years of Collections management experience working in banks . I currently have an individual contributor role job making $110,000 per year . Our office is only 5 people. I report to the owner . I've been here 3 years. I recently received a job offer of $110,000 for a Collections Manager for a Debt Collection law firm. They have a 401K plan but no match. My current job is very low stress , casual dress, and a very easy job. Is this new job worth the move ?
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.
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?
Hi all. I have yrs of experience in finance, never fired. Took an opportunity presented to me by a recruiter that seemed. like a good career move and was terminated after six weeks for “performance“. I was still onboarding and did not yet have full access to all systems. There was no PIP. I was still in training. After 8 years and working for a regulator for 3 I am blindsided. Can anyone advise?
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!