| Topic Name: |
Investment Banking Experience |
| Message Name: |
... |
| Date Posted: |
02/03/2006 |
| In Reply To: |
This is amazing. 1/4 at any level surely cannot retain many people.
Why do people still stay at the bank, given such poor rewards?
Also, I guess bonus abroad like Asia/US will have the same comp structure?
Which team has the (potentially) biggest bonus over there?
Thanks for the input. |
| Message: |
Not sure who will stay and for how long. For some they just arrived....at least at the associate level they've come from accounting firms, i-banks of a similar level where a move to HSBC seemed alright given the possible uptake, and in the case of colleagues from the graduate in-take...frankly some I know are too lazy to look into market opportunities or placate themselves, which is why they make better employees than me ; ). To be fair some bonuses are more than others depending on the sector, deals, etc...
Biggest bonus in M&A ? maybe Energy & Utilities, they're more consistent in terms of deals and the team itself. Hope this all helps.
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