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Wall Street Bonuses, A Haircut For The Holidays
It’s WS's favorite time of the year again… bonus season! At least on the surface, things overall are looking good. The Dow was at multi-year highs, the cloud of election uncertainty has cleared, and a recent eFinancialCareers survey finds that 50% are expecting improving conditions. So to quote...
Hedge Funds versus Bank Trading - Bonuses versus Total Compensation
When trading at a bank is it standard to be paid a percentage of your book as total compensation or do you receive a percentage of your book as a bonus? I know at hedge funds your salary is treated as an expense and subtracted out of your bottom line, but do banks operate in the same fashion e.g. at...
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