Comp structure for Citi front office
Considering a move to Citi, trying to understand compensation structure, particularly wrt base salary, cash bonus, deferred cash/stock awards. Move would be to a Director front office position within ICG / Markets. Trying to get handle on ranges for salary and what % of variable bonus is cash, deferred and for how many years deferred. TC 750k, would be targeting TC 1-1.2mm at Citi Thanks in advance
To be more precise, fixed income sales. I'd think any of the above would have the same comp structure though in terms of salary/cash/stock
The Comp structure would be the same (Base, Bonus with cash and stock), but TC could vary greatly. For example, a Director in FO IB (think Banker), would have a higher base (probably in the range of $500K). Depending on how many deals the banker brought in would greatly effect their bonus. TC can easily exceed $1MM+ A Trader on the other hand would most likely have a base in the low $200's, and depending on their P/L for whatever product/sector they are covering/trade would greatly effect their bonus. TC mostly likely in the range of $500K - $750K. Sales, similar comp to a Trader I would think (maybe mid to upper $200's for the base), but different metrics to measure to determine comp (IE. Net New Revenue/Additions etc). TC mostly likely in the range of $500K - $750K.
What is you current base? And what base are you targeting? Good luck in negotiations 👍
1.2mm 😳🤯🤔🥺
I'm not in your line of work but just curious what are your YOE? I'm a new grad software engineer so seeing these huge numbers on blind are pretty crazy to me lol
Isn’t 1-1.2m a little high for S&T D? Comp structure should be the same as any other public investment bank. Base (at your level likely $250k) + YE bonus (with % deferred in stock). Can’t speak to what that % is or the vesting schedule maybe someone else can chime in.
FO director is not very indicative of role. I'm sure director salesperson vs. trader vs. IB banker are different comps