Does any monkey out there know if analyst positions at BB and MBB offices in SSAfrica and Latin America less competitive than in the states?
Also does comp take a huge hit compared to American offices?
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i work at a BB in NY. our latam coverage bankers (i.e. based in santiago, lima, panama etc) have 30-50% of NY comp with 90% of the hours.
so yes, its less competitive
If those countries are ~50% cheaper doesn’t it balance out
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