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by joshuamorton 3048 days ago
Oh I misunderstood the first time reading this comment. Bonus > salary pretty much never ever happens in Tech, until you're in an executive role.

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.

1 comments

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.