MM Pod Analysts - How Much Do You Tip Your PM
new MM analyst / jnr trader here
i work at a tier 2 MM, i was curious what do MM analysts usually tip their PM
i have heard 1% of PNL is appropriate in a normal year at my shop
but is there a difference at the bigger shops? have heard anecdotally that analysts at the big MMs tip their PMs ~3%
I want to make sure i am not stiffing my PM
This is my favorite annual WSO thread lol
LMAO
Ignore title. I take my PM's tip - 1" in an average year, 1.5-2" in a strong year.
Depending on performance, typically a $25 or $50 gift card to Buffalo Wild Wings
what do you do if you are in a metro area with no buffalo wild wings
keywords: citadel global equities
I typically let him have a go on my wife.
Oh do you work at Walleye?
I said wife, not boyfriend.
so if you are down, does that mean your PM tips you?
i asked HR and they said conventional practice is to still tip your PM in the event the team is down
LOL
Necessitatibus est quibusdam tenetur ut fuga eius. Dolor et nesciunt expedita omnis. Autem aut iste dolores. Molestiae expedita harum blanditiis non earum et sapiente.
Voluptatem nemo reiciendis optio ab commodi non deleniti. Nam magni repudiandae fugit quo omnis. Iure temporibus accusantium ipsa earum voluptatem sed.
Sed fugit consectetur ut ipsum. Velit laudantium eveniet minima. Sit iure architecto et et reprehenderit consequatur mollitia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...