Recently got a non-front office offer from Citi in NY. The base is decent but I was quite surprised by how low the variable comp is vs other banks. Almost no upside opportunity (stock options, warrants). Is this common for universal money center banks?

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What was the offer?

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That’s bette than zero. Guess technology group doesn’t get paid as much lol.

I think Citi has lower in general pay than some of the other banks like JPM, but an overall more relaxed culture (obviously department dependent)

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What function? “Non-front office” comp can vary wildly, with Ops being among the lowest on the ladder but quants programming trading algos often being among the highest paid people at the bank.

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Risk management group

You’ll have to share the numbers for others to opine on

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