MORGAN STANLEY SECOND PAY BUMP to $110K
Thank you Daddy Gorman. Bloomberg article here:
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Why the fuck would anyone take EB offers besides EVR and CV over BB anymore when comp is the same?
“mOrE rEspOnsiBiLiTy” ie just getting absolutely rammed on deals
Uncertain group placement, RX, smaller class/office (personal preference), earlier recruiting timeline, bonus
The reasons are still the same, and it comes down to individual preference. When I was recruiting, I wanted to do EB RX and I got my offer the March/April of my sophomore year. Imo the average PE/HF placement is also better than most BBs. Didnt really care much about “brand recognition” by the general public/non finance people because I knew I wanted to go MF PE (ignore current title)
are you happy with your EB RX?
Because EB pays higher bonus pool
I bet MS bonuses will continue to suck like they did this year
Bonuses tend to be fairly higher. BB bonus is usually 50-80% of base in a normal year, while EB is usually 90-110%.
will other banks that already did a previous bump follow suit? prob not
To be fair I think they will especially with GS/MS at $110k. There will defo be upwards pressure
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