From my understanding of MMs, one major way they attract MDs from more reputable banks is to provide better economics to them in a deal. But I feel like MDs still make more at a BB even if the bank takes a bigger cut. I think it's understated how much a banks reputation has a factor in an MDs success and you can see this with the CS guys who moved over to MMs having a hard time pulling the same size and caliber of deals over which leads to less fee $ to go around. I feel the ones who can truly source deals without BB backing would join EBs/Boutiques. So do MDs at MMs with better economics really bring home more than their BB counterparts?
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its not the rule that this is true but there are definetly circumstances where excatly what you said is true.
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