I always find all these experts coming here to claim inside knowledge of salaries of AVP/VP/SVP etc in the banking industry dubious. I am not from banking, but let’s think through this logically.

Anyone who can spout with confidence about pay bands, average bonuses of the banking industry has to first have access to hard verifiable data of a large sample size. This means he/she must have worked in HR function that deals with pay in at least a few banks to be able to claim industry pay knowledge.

What are the chances that any of them are on this forum? Close to zero. So what can most people realistically know about banking pay & bonuses?

1. Their own
2. A few close friends

The rest is all unverifiable rumors, bar room bravado BS, recruiters with agenda and casual chit chat with peers [i.e. all not verifiable]

But looking at the people talk here all sound maciam like industry expert on pay, but realistically they can’t know that as they don’t really have a sample size more than 5 that can provide verifiable info.