Investment Banking Vice Presidents through Directors (AKA Senior VPs) earn base salaries ranging from$200K to $300K,with bonuses worth 120% 鈥?150% of base salaries. Total compensation ranges from ~$450K up to ~$700K.
People also ask
What is the salary of an investment banking vice president?
Investment banking Vice Presidents are the next step after associate and before director in the investment banking career path and earn base compensation of $225,000 鈥?$250,000, with bonuses ranging from $200,000 to $400,000 at the large investment banks and elite boutiques. The all in comp for 1st year VPs comes to around $400,000-$600,000.
How long does it take to become a VP at a bank?
If you start as an Analyst, it might take 2-3 years to become an Associate, and it might then take another 3-4 years to become a VP. Most banks will promote you to VP only if they believe you鈥檙e capable of eventually becoming an MD.
Why would you want to become a VP in investment banking?
You could cite 鈥渢he money,鈥?or 鈥渨anting to work on exciting deals,鈥?but there is only one reason that you鈥檇 want to become a VP in investment banking: Because you want to make a long-term career out of investment banking and advance to the Managing Director position eventually.
How do investment bankers get paid?
Investment banking professionals are paid based on two components of compensation: salary and bonus. The bonus is a large part of a banker鈥檚 total income across all positions, but especially at the more senior levels, where a bonus can be several times the base investment banker salary.