The name “Citibank” calls up a lot of bad memories in the financial world.
One that stands out is Chuck Prince, Citi’s former head, telling the Financial Times in the summer of 2007 that the emerging financial crisis wasn’t going to upset his bank’s business.
“As long as the music is playing, you’ve got to get up and dance,” he said. “We’re still dancing.”
Citi promptly faced $US45 billion in writedowns and a long saga of bailouts, prompting a spin out of a holdings company with especially terrible assets.
Fast forward to today.
According to the self-reported salaries and bonuses listed on Glassdoor, the job reviewing site, you can pull in over $US750,000 if you make it up to executive director.
As is the case with other financial institutions, investment banking positions at Citi see their compensation numbers swell with bonuses.
The base salary for an investment banking associate, for example, stands at an average of $US116,984. It nearly doubles after bonuses, vaulting to $US210,869.
Here’s the combined compensation — annual salary and bonus — for 15 positions at Citi, according to Glassdoor:
1. Technical Specialist:$US123,988
2. Project Manager:$US125,579
3. Vice President — Marketing:$US139,559
4. Vice President — IT Project Leader:$US142,631
5. Vice President Finance:$US145,756
6. Vice President — Technology:$US147,970
7. Vice President: $US159,010
8. Product Manager:$US177,663
9. Senior Vice President — Technology:$US181,655
10. Senior Vice President Finance: $US198,393
11. Senior Vice President:$US200,160
12. Senior Vice President — Program Director: $US201,965
13. Investment Banking Associate: $US210,869
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