In a high cost city (sf, nyc, etc.) This role is for a strategy role for the consumer bank. Anyone know how much I should ask for? I’m not sure if they can match my current comp considering I am on the younger side. Current TC: 160k
Non front office VP / consumer - $150-$175 base + 10-20% bonus
This is more like it.. 125-175 is the range. 20% bonus is way too rare in back office
Thank you! This is helpful. Curious on thoughts of how this role is perceived. It’s not a “front office” role, but it’s not quite “back office”. It’s a strategy role to increase revenues. I assume the classification of front, middle, back don’t always apply?
Consumer bank outside NY/SF range is 90-130 base, likely higher in NY/SF, bonus structure is different from IB (I.e. way less)
I saw on another post that a C13 VP in a Zone 1 city is max $175 base.
I can confirm this is false. Ive seen higher base for exactly this
there are VP making way more than that
Max base for vp in New York maxes out 180k ish. This is for ICG roles incl front office, tech and risk
In NYC VP base in front office markets is 175-225k and VP for sure can get TC > $500k for high performer on a good team
Not when OP had indicated he is young with limited experience
OP’s job isn’t front office or markets so my data point isn’t relevant to them. I’m just giving factual data, mostly in response to a comment above saying VP TC is 350k max even in front office without 15 yrs experience.
Thanks all for the input!
What was the offer they gave you?
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If it’s anything considered “front office/IB” I think the comp scale goes something like this: Analyst 1-3 years 85k - 95k base $120- $190 TC Associate 3-6 years $150k-200k base $250k-350k TC VP ~5 years+ $250k base $350 - 600k+ TC Wall Street oasis is probably a better forum for this question too.
nothing like this for consumer
These ranges are for IB VPs