How Much Do MD's/Partners at a BB/EB in BO Roles Make? How much would a partner in Compliance, HR at GS make? Not interested in pursuing those roles but I bet it would trigger most of the forum if they pull north of $600k.
How much do you think they make?
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They almost certainly make more than $600K.
I can only tell you anecdotally, but I know that one of the HR partners at JPM lives in a sprawling mega mansion, as she holds a BBQ every year with her staff. I worked with someone and her partner worked in HR at JP, and they went every year.
Other than that, my old COO was around ~42, had a mansion, sent his kids to a top private school, sent his kids to tonnes of private sports lessons, hired out yachts in summer. His background was fund accounting, now he's got carry in a few deals, and heavily involved in fund raising.
Head of ops at my current joint, supposedly just a bought a really nice large house, he's about ~35. His superior, who I'd say is about 44 lives in a 3-4 million GBP house. I always look the houses up online as I need their addresses for some things.
In comparison the PMs at my last shop (with 20+ years exp) were only in 1-2 million GBP houses for some reason. The founder of that fund manager owned a 6m GBP house in notting hill, villa in Italy, two houses in US, he's obviously not pure BO, all he really did was fund raise. Obviously lots of factors but the calibre of housing is the only proxy I have other than outright asking how much someone gets paid.
Really depends what role they do. Obviously they earn a lot more on the buy-side. I've seen the head of compliance at hedge funds and asset managers involved in investment committees and providing guidance on certain investments, so probably very different from BB equivalent.
A lot of people are content to make $200k p/a and not push further than that. After 10, 15, 20 Years of making $200k+, I'd imagine you'd be doing not bad at all.
Whoops didn’t read your post properly. No idea what BO senior folks make, but it certainly ain’t bad
Contrarian take incoming
I would hope it doesn't trigger folks in this forum if BO people make money. Imagine your senior Compliance MD making less than a front office VP. Trust me, one adds more value than another, and it's not the person in my current role. Bankers complain about back office pay and then also complain why the IT sucks so much at their bank... bro. Everyone can get paid and we can have a quality team.
I agree, but the majority of people here probably don't
All of the examples that are being provided are of people at the top of their game in their respective roles who are also not 100% BO. A mediocre employee in a truly BO role will make nowhere near an equally mediocre employee in a FO one.
I worked in BO/MO at a top BB a few years ago. I think the figures here are overstated. Sure, you might know some people from your last place that had a nice house, but I don’t think your average BO/MO MD is making anywhere near $600k.
Not sure who hit me with MS, not that I give a crap, but it's already standardized that Goldman Sachs partners make $950k in base salary...
How many Goldman partners in Ops are there? Less than 20...
Salt Lake City MD (not partner level) makes $250-400k.
I mean if you're a partner at GS in a corporate function or MO/BO division, you're basically a functional executive (at the global / regional level) at that point. And we all know how much execs can make.
A regular MD / ED is probably closer to $250-750k ish - similar to F500 Director / VP comp. Technology division might be a bit higher.
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