I have a job post I am being considered for at a bank for a VP position and in the description, it says the salary is New York - $170,00 $240,000 $280,000. And then this is supposed to be base salary, bonus and LTI component. I am not sure if this is a cumulative salary or in addition the base, you can get $240K in bonus…etc ? Anyone have any thoughts? I will probably ask, but thought to check in case anyone had a similar situation

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Unless you’re in trading or in IB you are not getting a bonus that is larger than your base.

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Thank you!!

Ditto on the trading/IB bonus. Other things to note are YOE and area.

We have 6 YOE VPs and 16 YOE VPs, the pay is different.

Also, I get 50% more in this area as a product VP role vs my tech VP role.

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It’s a cumulative build up.

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Thank you!!

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If it's VP in a front office IB role than 200K in bonus is doable. I've seen directors get their salary as bonus but again that's only front office. If it's not front office then it's probably together (base+bonus). But as a VP I would as for a base close to 200K.

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That sounds like just the base salary. TC should be 1.5-2x that depending on the role.

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