Re:It's Getting Harder to Tell Banks from Tech Companies
by jnordwick on Thursday February 15, 2018 @07:48PM
(#16389086)
It depends. In a back office role, you will have a more traditional salary plus 20% bonus. Infrastructure at a bank might be have a higher bonus component even at pres level.
On the trading desk, your bonus is often often open ended, or if you are doing strategy work then a percent of pnl.
It happens earlier in banks, but for most banks, it still happens at the level of Director (as opposed to Partner), not VP. I wasn't comparing comp structure to compare seniority. I was using comp structure to guess at seniority within the ladder of BB Banks and then comparing roles.