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Back in 2008 / 2009, Harris Williams paid its analysts full bonuses (down slightly from 2007) despite the market going to absolute hell. Analysts across Wall Street were just happy to keep their jobs (and if lucky, land a spot in PE) … while HW&Co. laid off I believe 1 analyst across all its offices. They took the philosophy that analysts don’t really get the upside that senior professionals get and therefore should be resistant to the downside as well. It doesn’t surprise me one bit that the firm is paying huge bonuses to ensure their junior talent is treated properly. Maybe it is the ‘Southern’ values embedded in the firm… who knows - but it is a fantastic place to work despite not getting as much love / attention as a lot of other banks on this forum.

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