Fixed Income Capital Markets Sales Compensation
Hey, I'm interning at a fixed income capital markets firm and saw one of the VP's profit sheets. I'm pretty sure it was for a day and it was a shitload of money. How much of that listed # actually goes into their pocket?
So far, the internship is great and I can see myself doing this in the future. In general, how much do VP, SVP, and MD's in sales make (base salary) and whats the avg bonus look like?
From what I've heard, starting salaries for first year-analysts are around the same for whatever division you're in (ib, sales, or trading). Is this true? And if so, how much do you think next year's salary will be?
edit corrected the post edit
This post is so naive it's cute. And a little scary.
I didn't know people entered this field with so little of a clue as to how much anyone in it earns.
...ok. Instead of making a comment like that, why don't you just fill me in with what you know.
First of all, wtf is a "fixed-income DCM firm?" I've never heard of a firm that only did origination...provide some more details because what you wrote is vague and seems contradictory (never heard of a firm that specialized in origination, which is what DCM is...).
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