How much would an MD in private banking make at one of the top American banks? JPM, Citi, etc. HCOL if that helps.

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Are you talking about commercial banking or consumer ?

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An ED makes around 250k base so an MD would make around 275k+ depending on YOE and book of business. A former MD of mine was making 350k base and bonus based on book of business

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Depends on your specific role of course, and what KPIs drive your bonus target, but you should expect to be between 400-500k total comp, and possibly more depending on how senior of an MD you are and the scope of your role.

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Easily over $500k

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Yet they are the last to go during layoffs. They should take pay cuts to save their people from being devastated after a lay off.

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In consumer where you’re dealing with fancier HELOCS and personal loans - I would say $200k-$300k all in seems reasonable in HCOL city.

Commercial banking where you’re dealing with real multi million dollar businesses, $500k+

In nyc is around 500k plus bonus

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Good day!

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IG: Burnoutcoachcarlo

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