Promotion and Bonus Time for "Those Guys"

We all know "those guys." They send you emails saying that you're coming in too late(even then they don't get in until well after you), they don't sell work, they don't do work, and they couldn't tell PowerPoint from Excel. The most important thing that sets them apart is that they keep moving up the ladder while others get shit on repeatedly. My firm just announced bonuses and promotions. All-in comp this year is downright atrocious, yet somehow this guy keeps moving up. Everyone around him can see he is an absolute tool.

My question to you:
In an environment where support staff are being slashed because we dont want to spend the extra $20 per hour, how do these people continue to eat up a larger portion of the compensation pool? Is ass kissing really THAT powerful?

 

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Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

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  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

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  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
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