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
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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
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