sell-side analyst in US

Hi all,

I’m a sell-side analyst based in Hong Kong, where compensation is heavily tied to buy-side voting—PMs directly score us based on our research, access...

This makes me curious about how things work in the US:

• How much of sell-side analyst compensation is actually driven by buy-side votes vs. internal factors (e.g., revenue generation, corporate access, rankings)?
• What really differentiates top-paid analysts in practice?

Would be great to hear perspectives from both sell-side and buy-side—especially how the “real” incentives compare across markets.