BB S&T Compensation
I've been reading a lot on this board about the problems UBS is facing, but I also know that UBS is a major player in FX and to a lesser extend equities. My question is how much does compensation in trading depend on the overall health of the firm and how much does it depend on what desk a trader is on. Disregarding individual performance, would a UBS FX trader be paid a comparable amount to a trader at a respectable desk at other healthier BBs?
When you work on wall street (the sellside at least) you'll come to find out that when your desk/you do very well but the firm/economy does poorly, the latter is used as an excuse to fuk you over with pay. And if you do awfully while everything else does well, then clearly you won't get shit.
That's just how it is. That's why a bull market is great for EVERYONE and why people made so much from 2002-2006
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