How much does a VP of Morgan Stanley investment banking make?
The average Investment Banking Vice President base salary at Morgan Stanley is $199K per year. The average additional pay is $121K per year, which could include cash bonus, stock, commission, profit sharing or tips.
Average Morgan Stanley Vice President yearly pay in California is approximately $208,940, which is 41% above the national average.
At the VP level, the base compensation is typically between $250,000 and $300,000. Regarding the variable bonus portion, on average, bonuses range from $200,000 to $400,000 at bulge bracket investment banks and elite boutiques.
$347K (Median Total Pay)
The estimated total pay for a Investment Banking Vice President is $345,026 per year in the United States area, with an average salary of $192,541 per year.
The estimated total pay range for a Vice President at Morgan Stanley is $170K–$238K per year, which includes base salary and additional pay. The average Vice President base salary at Morgan Stanley is $175K per year.
In Morgan Stanley, the title/promotion hierarchy is associate -> vice president -> executive director -> managing director. You can get VP within 5 years or so. I work for a Fortune 150 company where VP is definitely a mid-level management job.
$302K (Median Total Pay)
The average Investment Banking Vice President base salary at J.P. Morgan is $218K per year. The average additional pay is $85K per year, which could include cash bonus, stock, commission, profit sharing or tips.
They're responsible for things like managing client relationships or overseeing those who manage the relationships, and identifying prospective clients. Home Office is responsible for running the business and enabling the Financial Advisors to best service our clients.
Promotion Time: If you perform well, it might take 3-4 years to reach the next level of Vice President. However, it's harder to get promoted to VP because the bank might not need another VP right away, or it might be skeptical of your ability to become a rainmaker eventually.
What does a VP earn at Goldman Sachs?
Get feedback on your pay or offer
The estimated total pay range for a Vice President at Goldman Sachs is $207K–$304K per year, which includes base salary and additional pay. The average Vice President base salary at Goldman Sachs is $189K per year.
At what point (years of experience) does Goldman Sachs promote an associate to vice president? It's typical for most investment banks to promote associates to vice president after 3 years or so at the associate level (or 5–6 years after starting out, for those who joined directly from college).
$233K (Median Total Pay)
The estimated total pay range for a Vice President Credit Risk at Goldman Sachs is $184K–$299K per year, which includes base salary and additional pay.
The hierarchy at Morgan Stanley was: managing director, principal, vice president, associate, analyst, secretary. There was no senior/junior distinction among vice presidents or associates.
As of Apr 5, 2024, the average annual pay for a Vice President Jpmorgan in New York City is $172,320 a year. Just in case you need a simple salary calculator, that works out to be approximately $82.85 an hour. This is the equivalent of $3,313/week or $14,360/month.
The estimated total pay range for a Vice President Investment Banking at Wells Fargo is $289K–$505K per year, which includes base salary and additional pay.
Instead, you start as an Analyst or Associate and get promoted by performing well and proving that you can work well with clients. 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.
$232K (Median Total Pay)
The estimated total pay range for a Vice President at J.P. Morgan is $186K–$293K per year, which includes base salary and additional pay.
The estimated total pay range for a Vice President at Chase is $142K–$218K per year, which includes base salary and additional pay. The average Vice President base salary at Chase is $152K per year. The average additional pay is $23K per year, which could include cash bonus, stock, commission, profit sharing or tips.
Managing Director
The Managing Director sits at the highest level of the investment bank hierarchy, and he/she is responsible for the profitability of the bank.
What does a VP do in investment banking?
The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. Neither of these is an easy transition, especially for associates who have mastered the analytical side but do not have the requisite social graces.
It might be because careers in banking have always been quite short – meaning that banks had to tempt juniors with seniority to stay (or at least apparent seniority). It might be because VPs are the earliest stage at which bankers start meeting clients, who also feel the need to talk with someone senior. So…
Different banks have different title structures. But in general, the level of VP is not a particularly senior designation. Usually, professionals will be promoted to VP after about 5–6 years (whether those years were accumulated in that firm or in a comparable role in another organization).
As of Apr 14, 2024, the average annual pay for a Vice President Jpmorgan in Texas is $134,873 a year. Just in case you need a simple salary calculator, that works out to be approximately $64.84 an hour. This is the equivalent of $2,593/week or $11,239/month.
$232K (Median Total Pay)
The average Vice President base salary at J.P. Morgan Asset Management is $178K per year.
