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 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?
I’ve started blocking focus time on my calendar and protecting it like a meeting. It felt awkward at first, but it’s helping. What’s one small productivity habit that actually works for you?
Question for advisors: A client passes away. The account is relatively small, and there’s a good chance the surviving spouse will move the assets elsewhere. From a practice-management standpoint, there may be little economic incentive to spend money on flowers, memorial donations, etc. Do you send flowers, make a donation, send a handwritten card, call the family, or simply handle the paperwork professionally? Where do you draw the line between being a business owner and being a human being?
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?
💭 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!