only seen a few instances of this, but many times the writing is on the wall so MDs want out anyways (e.g. CS tech)
in some other situations a big incentive is getting your vesting stock cashed out immediately as lots of BBs have comp tied to company equity – know a group head that got poached (albeit by an elite boutique) because his BB stock was paid out and got a more lucrative package all-in
Follow up not to hijack but what happens when they are duds? What is avg guarantee? 2 years? We’ve been hiring a lot of senior bankers all with solid CVs and some have been a flop and are just diluting the bonus pool at this point.
What happens if they are duds? My firm was on a hiring spree and some of them are really not doing well…how long does it take for them to get the axe typically?
Sometimes low ranking banks or bottom top 10 in league tables go all out to offer MDs at say the top 5 spots with a deal. So it could be ofc cash, equity plus bring their own team etc. I also think it depends on the bank culture and if the MDs are not moving up in the org or they are fed up or they love the bank and no chance they leave.
I know there is a quiet period when they leave the firm and some limitations on prior client contact etc.
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Bump. Curious about this
only seen a few instances of this, but many times the writing is on the wall so MDs want out anyways (e.g. CS tech)
in some other situations a big incentive is getting your vesting stock cashed out immediately as lots of BBs have comp tied to company equity – know a group head that got poached (albeit by an elite boutique) because his BB stock was paid out and got a more lucrative package all-in
Follow up not to hijack but what happens when they are duds? What is avg guarantee? 2 years? We’ve been hiring a lot of senior bankers all with solid CVs and some have been a flop and are just diluting the bonus pool at this point.
Money, my man, money.
A lot of the deferred is replaced with new deferred at the current shop.
If Bank B is trying to poach from Bank A then they offer a ~2 year guarantee on total comp. Might also offer "Head of Subvertical X" title.
What happens if they are duds? My firm was on a hiring spree and some of them are really not doing well…how long does it take for them to get the axe typically?
after the guarantee
Sometimes low ranking banks or bottom top 10 in league tables go all out to offer MDs at say the top 5 spots with a deal. So it could be ofc cash, equity plus bring their own team etc. I also think it depends on the bank culture and if the MDs are not moving up in the org or they are fed up or they love the bank and no chance they leave.
I know there is a quiet period when they leave the firm and some limitations on prior client contact etc.
Quasi a commodi delectus quidem debitis velit eos. Sint facere consequatur eaque adipisci qui aut molestias. Provident perspiciatis culpa aut magnam nulla. Id necessitatibus nisi quos ex aut cupiditate. Eaque vel inventore aut magni nobis ut.
Numquam quod at in voluptatem aut nesciunt quae. Quaerat eaque soluta est consectetur deserunt rerum rerum. Consequatur est ut debitis harum.
Sit dolorem nam eaque facilis in rerum aspernatur. Omnis praesentium id numquam. Quis enim est provident recusandae beatae consectetur soluta. Laborum vel nostrum omnis provident unde nobis. Explicabo eius deleniti similique voluptatem.
Unde aperiam suscipit quo enim sit vel sint et. Libero itaque sit sit cum voluptatum.
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