I was looking over this sheet from 2007 that was talking about the comp for groups at Lehman in 2007, and I noticed that the salaries in the "Risk Solutions Group" were insanely high. Like associates in the risk group were making over 200k a year, and VPs were making over 500k. How can this be real for a non-revenue producing group? Was comp really this high all around pre-2008? I thought Risk VPs made 250k max?
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This is likely a front office group selling risk solutions (think interest rate swaps) rather than a credit risk function. A hybrid between markets and IB at most banks and usually integrated with coverage and cap markets in event pitching.
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