pay during downtime
when the economy is bad, does IBD pay decrease significantly ? Does anybody here see another market downtime is coming ?
when the economy is bad, does IBD pay decrease significantly ? Does anybody here see another market downtime is coming ?
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Most banks tag compensation at 45-50% of revenue, so total firm revenue has some bearing. Banks still need to keep their analysts though, so one cycle of sub-Street analyst bonuses can cause mass exodus at the lower levels, which no firm wants.
To answer your question, the market will never ever go down again. The DOW will reach 20,000 by year end and the S&P will reach 2,000. No one will ever lose money in stocks again, ever. Word on the street is that KKR is taking China private for 14 trillion dollars - financing provided by Citi.
Imagine the M&A rankings after that!
I think low all-in comp for 1st years was in 2002 and 2003... bonuses dropped to 25k, and base was 55k so 80k all-in.
That is if you haven't been laid-off yet, right?
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