Hey guys, currently am in a development program in corporate banking (underwriter role) with rotation to a more sales type role (relationship management) right now pay for me is around 73k plus 10k bonus & this was entry level. started in July 2021. hardly ever work more than 45 hours a week. However the work is pretty dry.. I hear lots of associates go the RM route after two years where base salary is 100k but more potential for big bonuses.Thoughts on CB or should I try to find IB/PE roles?

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As an IB analyst who is planning to hopefully settle down a bit more when I’m an associate, I’d say the $180k out of undergrad for the suffering and long hours and volatile schedule is worth it. As the years go on, I make more, and can delegate down a bit more. I don’t mind building wealth now and then being able to travel and do things I enjoy 2 years. IB can be tough, but depending on the firm and group, I would say I still have decent WLB for an industry known to have terrible WLB. Just avoid tech coverage and you’ll be moderately better off.

Oh and I’m probably pulling 75-90 hours a week on average. 100-110 on a bad week. And 60-75 on a really chill week. So I still have my sanity and my health :)

If you are already bored and finding the work dry. Just start applying to different roles and see what traction you get and then re evaluate your opportunities as they present themselves. I can easily switch to corporate FP&A at a tech firm or some F500 company and still make 6 figures+ with substantially better hours. But the grind and golden handcuffs of IB keep me here

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Thanks for this, this helps a lot

I’m an RM. Yes it’s boring but the work is easy and we get paid well. Depends on what your priorities are. RM role is good pay, decent hours, mediocre exit options. IB pay is better, more hours, better exit options.

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I did an associates program as well. Healthcare coverage. Feel free to DM me if you have specific questions.

How much do you value your free time???

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I enjoy the free time and able to travel quite a bit. I most likely would not want to work more than 60 hours a week on average but that’s not realistic in IB. However if the pay is double or significantly more than maybe wouldn’t mind being in the industry for 2-3 years while I’m young with no kids or wife

You need solid credit experience and generally more time on resume to get a VP- RM role. You can’t go far as an associate on a RM team, it’s a dead end.

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There’s usually groups that cover specific industries within CB- Oil and Gas, Aerospace, Hospitality, Food Group, etc.

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