Are MDs really incentivized by better economics at a MM
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?
its not the rule that this is true but there are definetly circumstances where excatly what you said is true.
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