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Every other person is a VP at a bank. Got an offer for 120
Depends on experience...
140-160k base ; assuming ~10 years of experience
Yes... base is not very high. They usually match your current salary
Bonus is totally dependent on LOB you join into.
0-50k
P1 is right on point on the bonus and base. Have seen similar numbers at jp tech side. Btw everyone or most of the people you interact will be a VP!
VP in IBD is loosely equivalent to EM in consulting
@P1 - is the base really that low for banking VP? What's the bonus structure like?
@P1 - thank you... That's super interesting! I've read reports online where investment banking VPs make something crazy like $350k - $600k all included.
It's interesting that they make roughly the same as a project manager in consulting - that's not what I usually hear.
(I'm assuming VP is 2 years out of MBA, correct?)
IBD VPs are not compensated the same as VPs on tech side. You may have the same title but your comp structure as a middle office/back office VP is completely different.
@P1. Thanks! I suspected it’d be around $140k base. Though I’ve heard bonuses at a lot of the banks can be pretty dismal (at least on the tech side).
What role?? Front office middle or back office? If not front office you're not gonna see more than like 135-140