I know this may sound like a really stupid question to some of you, but I was wondering what the difference between a md and a department head is. What is the salary difference? Which one takes longer to become? Thanks a lot.
| +266 | UBS Tech MD hires Son (from no-name college) as an Intern | 48 | 7h |
| +166 | WTF IS THIS COMPETITON | 59 | 13h |
| +161 | Mayday, Mayday: Key UBS Leaders (Former Barclays MDs) Abandoning Ship | 28 | 3d |
| +118 | Is banking in the south more sustainable? | 28 | 9h |
| +94 | The Intern Starter Pack | 16 | 5m |
| +75 | Current State of the League Tables | 28 | 14h |
| +51 | [Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits) | 9 | 8h |
| +49 | Perella Weinberg to Cut 10% of Workforce, Including Partners | 31 | 1d |
| +40 | UBS Groups Ranked by Future Outlook | 20 | 1d |
| +32 | PWP Layoffs????? | 18 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Department Head >> MD
www.ibankingoasis.com/node/141
This thread breaks down the salary difference between regular MD and Department Head.
thanks a lot gqbanker15..do u know how long it usually takes to become a md? department head? i know many ibankers will not reach this level, but I was just wondering. Thanks in advance.
I'm not exactly sure how long it takes. There is usually only one (two co-heads in some cases). I assume you have to be a stellar MD bringing in a shitload of revenue for the bank.
Thanks a lot. I was just wondering because there is a huge difference in salary between the md and department head!
why is there such a big difference in salary between the two?
anaylst 120
assoc 400
A to a: 30%
md 3mm head 15mm
m to head: 20%
Dont be an idiot.
From my experience, group heads are not making $15mm/yr.
Isn't the group head the highest level in an IB (short of corporate officers like Head of IBD, etc.)?
If even group heads are not making $15mm, then there is a huge gap between what the top traders at a bank make, and what the top bankers make..
Are there MDs in a group that make more than their group heads?
The heads of the A-list groups on the street probably come close (i.e., the top 10 or so bankers at GS, LEH, ML, CS) and the top bankers at Blackstone, Evercore, Lazard are
Nobody else.
I have no idea what my MDs or Group Head makes.
Wow, that's surprising. For some reason, I was under the wrong impression and thought group heads made insane amounts of money..
What would an average MD at an NYC BB (or top boutique) make? Is the income range (low-high) for an IBD MD pretty close together?
No, the disparity between top quartile and bottom quartile gets larger as you get higher on the ladder.
Culpa voluptas nulla est et facilis temporibus aliquam. Eius alias quo natus sit libero. Qui consequatur sint est dolorem. Dolores saepe mollitia blanditiis voluptas et.
Ut excepturi veniam excepturi facilis laudantium ratione. Consequatur at aliquam consequatur quasi sit dolores. Consequatur quod repudiandae et rerum cupiditate.
Magnam itaque non porro provident maxime ipsam id. Pariatur ut ut tempora nostrum et mollitia. Repellat accusantium corrupti quia debitis porro nihil esse tenetur. Maxime quae dolorem eum reprehenderit neque molestiae. Voluptatibus aperiam ducimus aut quia optio quidem. Impedit similique maiores omnis omnis molestias iste assumenda. Ut laboriosam facere ut laboriosam modi sint.
Voluptates aut beatae sed sed ipsam. Consequatur autem voluptatem ratione quisquam pariatur dicta. Alias fugiat odio aliquam vitae ut distinctio. Omnis consequatur qui ut culpa pariatur nesciunt qui iusto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...