500k for a Risk VP?
I was looking over this sheet from 2007 that was talking about the comp for groups at Lehman in 2007, and I noticed that the salaries in the "Risk Solutions Group" were insanely high. Like associates in the risk group were making over 200k a year, and VPs were making over 500k. How can this be real for a non-revenue producing group? Was comp really this high all around pre-2008? I thought Risk VPs made 250k max?
This is likely a front office group selling risk solutions (think interest rate swaps) rather than a credit risk function. A hybrid between markets and IB at most banks and usually integrated with coverage and cap markets in event pitching.
Aliquid earum voluptatem rerum laboriosam inventore. Sed error molestias aut et sint rem. Neque praesentium harum ut nihil quo veritatis repellendus. Ab voluptatem quis eum quia sit. Cum quisquam sunt accusamus in id cumque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...