MS Comp Day
Hearing terrible numbers this year. Exodus coming?
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Comp day was today globally
Citi comp day was very good. Same as last year.
For everyone that made fun of Citi on this forum the past couple years, we still paid top of street BB wise.
MS numbers are an absolute trainwreck.
MS will lose lots of their staff to this and rightly so.
The mood music is dreadful.
What were you expecting, deal flow down by 50 percent. No one is leaving
I don’t get the “deal flow is down” argument. Junior bankers don’t get comp’d based on deal flow like senior bankers do. Hence why Junior banker comp is supposed to be less variable YoY. If business is down, this should be a MD/D problem. Am I missing something?
That's weird. For some reason, I didn't hear anyone making the same argument last year or the year before when dealflow was up. I wonder why that is?
Except MS didn’t get outsized comp in 2021 like GS/JPM did.
Sounds pretty sensible what MS did
protect their senior producers and top 25% of everyone else.
it sounds cruel but mid bucket associates at a bulge bracket firm are just not worth 400-500k in a buyers market
also doesn’t look the layoffs are that bad
Ok Mr. MD.
I was zeroed once. Totally political. It completely sucks, and there’s no two ways about it. I’m still working on the ruination of the individual responsible. Get back on your feet and get revenge.