Vidur Khanna’s Post

Key Findings Bonuses were down Y-o-Y across almost all levels, mid-level Associates and VPs took the brunt of the hit. Avg Associate 2 bonuses fell by a whopping 35% this year. Avg VP3 bonuses, fell by 36%. The range of bonuses paid out (both between groups and within the same group) was very large. Bankers in regional offices took a 12-15% larger financial haircut than those in NYC or SF. Elite Boutiques paid out the highest Avg Total Comp. Elite Boutiques also had the highest % of Deferred Comp vs. their peers. Bulge Bracket bankers made an Avg of 79 Cents on the Dollar vs Elite Boutique bankers at the same level. Middle Market bankers made an Avg of 73 cents on the dollar. Middle Market Analyst 3s, Associate 1/2s had higher Avg Total Comp vs. Bulge Bracket bankers at the same level.

Starting from the beginning of 2024, there has been a resurgence in demand for credit officers, indicating a positive market outlook for this role. As we move forward, it will be crucial for credit officers to stay informed about market trends and to continue honing their skills to meet the evolving demands of the industry. 📈 Download our report to learn more about market competition: https://lnkd.in/g5Weyj9W #CreditOfficers #AccountingTrend #EmploymentTrend

Senior Research Analyst Bill Jung, CFA weighs in on Fifth Third Bank’s second-quarter earnings report, noting how Fifth Third management continues to navigate the headwinds facing the banking industry relatively well. Bill shared how the demonstrated track record of execution in expense discipline should be helpful in a year of revenue growth challenges. Read the full Cincinnati Business Courier article here: https://lnkd.in/ejsjN8rT #FifthThird #53 #Earnings #BusinessCourier #JohnsonInvestmentCounsel #JICCincinnati Disclaimer: Johnson Investment Counsel cannot promise future results. Any expectations presented here should not be taken as any guarantee or other assurance as to future results. Our opinions are a reflection of our best judgment at the time this material was created, and we disclaim any obligation to update or alter forward-looking statements as a result of new information, future events or otherwise. 

Metz, a Wall Street legend, has bid farewell to banking after dedicating 2.5 decades to the industry. But was it all long work weeks and IPOs? Did he find meaning beyond the grind? As a finance professional, it's crucial to recognize the signs of burnout and reevaluate what truly matters in your career. Metz's departure is a reminder to pause and reflect on our own career paths. #finance #careers #burnout #whatnow

Hey everyone! 👋 It’s Day 2 of our 10-Day Challenge to understand “Investment Banking 101”, and today, we’re diving into the different roles within an investment bank. Yesterday, we figured out what investment banking is, but who are the people making all this happen? Let’s break it down! So, an investment bank isn’t just one big job—there are a bunch of different roles, each with its own focus. Here’s a quick rundown: 1. Analysts & Associates:These are the entry-level roles where most people start. Analysts are the number-crunchers, doing all the research, building financial models, and preparing reports. Associates supervise the analysts and start taking on client-facing roles. Qualifications: A bachelor’s degree in finance, economics, mathematics, or even engineering can get you in. Many analysts go on to get an MBA if they want to climb higher. 2. Vice Presidents (VPs):VPs manage client relationships and oversee the work done by analysts and associates. They’re the go-betweens for the bank and the client, making sure everything is running smoothly. Qualifications: An MBA or a few years of solid experience as an associate usually leads to this role. 3. Directors & Managing Directors: These are the big guns. Directors and Managing Directors are responsible for bringing in new business, closing big deals, and making high-level strategic decisions. They’re the faces of the bank to major clients. Qualifications: Significant experience, a proven track record in closing deals, and often an MBA or other advanced degrees. 4. Traders & Salespeople: Traders buy and sell securities (like stocks and bonds) for the bank or on behalf of clients. Salespeople, on the other hand, are responsible for pitching these securities to investors. Qualifications: A strong understanding of financial markets and a bachelor’s degree in finance or economics is usually needed. Certifications like the Series 7 (in the U.S.) can be required for these roles. 5. Research Analysts: These folks dig deep into specific industries or companies, providing detailed reports that help traders, salespeople, and clients make informed decisions. Qualifications: A degree in finance, economics, or even a specialized field like biotechnology if they focus on a specific sector. Many have an MBA or CFA (Chartered Financial Analyst) designation. 6. Risk Management: These professionals assess and manage the financial risks the bank takes on. They make sure the bank isn’t overexposed to certain investments. Qualifications: A degree in finance, economics, or risk management, often paired with certifications like the FRM (Financial Risk Manager). So, as you can see, there’s a lot of variety in investment banking roles, and depending on what you’re interested in, there’s a spot for you. Tomorrow, we’ll take a closer look at how investment banks make money. Stay tuned! 🚀 #InvestmentBanking #Day2 #CareerExploration #CollegeLife

Of all the many curious things about investment banking, the titles it gives people are not the least. “Managing directors” who are not directors of any company and don’t manage anything. “Vice-presidents” who carry bags and take minutes. “Executive directors” who are mid-level bureaucrats. But perhaps the weirdest of all is the profusion of “co-heads”. Since the MD and VP titles are almost meaningless, you might think that global co-head is also either a vanity title or a piece of marketing. That’s not quite true. “Head of X”, in investment banking contexts, is often a vanity title; it just indicates there’s nobody more senior in the X business for that bank, which might not mean much. However, “co-head” at least implies that being head of X is sufficiently important that more than one person wanted it. And banks love their co-head structures. Or at least, they love to hate them; Citigroup is currently in the middle of a big project to remove layers of management, and Goldman Sachs recently had quite a nasty internal conflict partly driven by a situation in which one co-head was appointed to an important committee and the other wasn’t. Craig Coben has detailed the carefully calibrated decorum required for it to function (ish) https://lnkd.in/dc64ZQ2e

Working in the credit field brings a unique blend of challenges and rewards that make each day fulfilling. There's a certain joy in analyzing financial data, assessing creditworthiness, and developing strategies that help clients achieve their financial goals. One of the most gratifying aspects is the ability to influence positive financial outcomes. Whether it's guiding individuals through financial decisions or supporting businesses in their growth, every task contributes to a bigger picture of financial well-being. The dynamic nature of the credit field means there’s always something new to learn and adapt to. It’s exciting to stay ahead of trends, implement innovative solutions, and continuously improve processes. Plus, building strong relationships with clients and colleagues adds a personal touch to the technical side of things. I’m passionate about the work we do and eager to see where this journey takes me. Each day brings new opportunities for growth and discovery, and I look forward to continuing to make a positive impact in the world of credit! #CreditField #Finance #Innovation #ClientSuccess #ContinuousImprovement

Most aspiring IB analysts underestimate the complexity of Citi's bank Online Assessment, known as the Plum Assessment. Today, we're sharing exclusive insights into this sophisticated talent identification tool used by one of the world's leading financial institutions. The Plum Assessment is far from your typical online test. It's a multidimensional evaluation designed to spot top talent for Citi, going well beyond traditional metrics. If you not sure how to tackle this crucial hurdle in your journey to join Citi? You should if you're serious about launching your career in global finance. Our team has compiled a comprehensive guide based on this year's assessment, revealing key focus areas and effective strategies for each question type. To get your hands on our exclusive Citi Plum Assessment preparation guide (full set of officials questions and games included), all you need to do is: ➡️ Follow my page, Thomas Dussud and The Banking Vault ➡️ Comment your email address below this post and we will send you the guide 📢 Join our community of over 9,500 finance aspirants in our free Telegram channel (insert link here) where we share last-minute interview tips, assessment strategies, and support each other in breaking into top financial institutions. Hope this helps, and I'll see you in the next one!

Lenders, TransUnion experts recently shared key takeaways from our Q4 Credit Industry Insights Report in this now on-demand webinar. Check it out to get the inside track on emerging consumer credit trends. https://lnkd.in/env7xcpd

Lenders, TransUnion experts recently shared key takeaways from our Q4 Credit Industry Insights Report in this now on-demand webinar. Check it out to get the inside track on emerging consumer credit trends. https://lnkd.in/edHtgPTd