Does anyone happen to know what a bulge bracket MD in a group like TMT can be expected to make all in on an average/below average year?
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highly variable but 75% will fall between $1 and $3mm. A good but not exceptional MD in a good group will be around $2mm.
Thanks! Is it safe to assume a minimum of total comp $800K (assuming base of 400-500K)?
No, the bottom tier of MDs in any given year will make less than some strong Ds. there's still an element of downside protection to the bonus that isn't there with MDs....
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