Does MD carry the same meaning across all investment banking firms?
It seems like some firms (Centerview, Evercore, PWP, Goldman) skip the D/ED step between VP and MD. And they have a Partner title. Does the MD title carry less weight?
In most cases, yes. However, as you note, some banks seem to skip ED/D. Also, I've seen different levels of responsibility for an ED. There are some banks were the ED basically doesn't say a word at meetings and there are some banks where they are effectively MDs drumming up their own business and leading meetings.
In addition, have seen a weird bank of two with "Senior MD" and MD which is really dumb in my opinion. Don't think I understand the distinction there.
that's Gugg - MD really means D and SMD means actual MD. however they still pay their 'MD's like actual MDs at bulge brackets lol
Same with Evercore?
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