Does anyone know what the process is for how groups get junior banker headcount allocated to them?
For example:
-- Do a certain number get allocated to groups them based on the # of MDs in the group (i.e. X analysts/associates per MD)?
-- Is it based on projected revenue or deal count (i.e. this group is projected to do $X million in fees and/or Y number of deals this year so we give them Z analysts/associates)?
-- Do groups get a budget and can have whatever combination of bankers at various levels they can afford to pay (i.e. 2 VPs at $400, 3 Associates @ $300 and 4 Analysts @ $200 vs. some other combination like 4 VPs @ $400, 1 Associate @ $300 and 3 analysts @ $200)?
-- Some combination of the above or something totally different?
I have no idea which, if any, of these approaches are used. Any insight would be greatly appreciated.
Thanks!
