I know there was a previous thread about this but almost every single BB and MM has raised their base salary. Are we going to see any movement from EBs?? Comp is one of their major pros so it’s a bit wild that almost every one is now paying the same/lower base than most other banks.
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Yeah I don't think our CEO is keen on paying me what I deserve
Not an EB per se but is often considered to pay closer to them at least compared to larger banks that lend, is Jefferies in the mix here? Not sure who they are benchmarking comp against since it's always difficult to bucket Jefferies in any traditional category but currently they pay below direct MM competitors like Baird (110k A1), RBC (95k), direct BB and EB competitors like UBS (100k), DB (100k), PWP (on an all in basis), less than upstream competitors they are specifically targeting to take market share from, Barclays (105k), CS (90k, for now). Are they waiting on the EB's to move? If anyone has any more info and can chime in here, but I can't possibly see them not raising comp soon since they have traditionally paid above BB but below top EB. People will lateral out in this market otherwise.
Did you just say PWP is a competitor with Jefferies, DB, and UBS? Did you see the 1st half league tables? PWP had larger m&a deal volume (by total market value) than MOCO and PJT combined.
Agree, I don’t understand al the PWP disrespect on this forum.
Strongly agree here. PWP is in a different league than the other banks you mentioned