BB S&T Managing Director comp?

Dec 20, 2020 16 Comments

Super curious, what is the range for these positions?

I know in IB MD is the crazy high salaries. I couldn’t find much on trading though. Wall Street oasis only had a few data points, and the Goldman Sachs trading MD there was at 750, CS at 700

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TOP 16 Comments
  • Highly depended on area of work, politics, and most importantly revenue. 5-10% of your pnl or revenues is a good estimate: the percentage gets lower the more your produce(and the more replaceable you are). Nowadays if you’re a decent producer all-in comp should be $1m-$2m assuming you’re bringing in $20-30m in revenues to the bank. Actual base salary probably tops off at $350k at best, rest would be bonus paid as cash and company stock and typically BOTH the cash and stock parts of your bonus pay vest over 3-4 years
    Dec 21, 2020 5
    • Ah i see. Thanks all; that makes more sense. Yeah I was trying to think about it in tech terms - tech is always annual terms

      When you join a company you get a phat grant, then refreshers. But the grant is where the money at since it’s all at one price (and price can rise)

      Sounds like here, it’s like getting a new grant every year (at least when you do well), and then they stack up

      Maybe in the WSO entries, it was first few years of MD hood and they hadn’t stacked. Or they had pretty uneven years
      Dec 22, 2020
    • Expedia Group / Product
      produxtBrah

      Go to company page Expedia Group Product

      produxtBrah
      In Finance and in Corporate Exec positions, your yearly awarded comp is different from your cash flow. Sundar for example might get $100m awarded comp but his cash flow is really stacked deferred comp tranches from other comp years + base. An MD or HF guy or AM PM w/ deferred comp might get awarded 2m bonus but their cash flow is the stacked deferred comp tranches from prior years.

      As a regular tech employee w/ RSUs your comp is based on what's targeted to vest in a given year because RSUs can be converted to cash on vest - there is no further deferral. And on-hire grants aren't awarded every year so those aren't "comp" rather mechanisms to create "comp".

      Carry works slightly differently because you earn into your carry grant every year as it vests but only get cash flow a few years into the future when divestments happen. Carry in this regard is similar to private RSUs of late stage companies - you earn the RSUs every year but the liquidity only comes later.
      Jun 29, 2021
  • Generally base comp starts at 300k and caps out at 550k based on range of management at the BB I worked at (JPM/GS/MS). At the firm I was at the base comp for all execs(CEO directs) besides CEO capped at 750k. Bonus is extremely variable though I’ve seen anywhere from 200k-2M. It’s generally dependent on your PnL.
    Dec 21, 2020 1
  • Visa
    fWcT33

    Go to company page Visa

    fWcT33
    X by trading revenue. If bbt snt revenue is 1/3 of bb then adjust your salary by 1/3
    Dec 21, 2020 0
  • It really depends on what your desk makes. I would expect an MD to make no less than 1M TC. I’ve known of MDs making it rain and making 8 figures as well.
    Dec 21, 2020 3
    • It’s anecdotal, but Personally I’m friends with a VP trader who did $800k last year. So I can’t imagine there’s MDs making less than him
      Dec 21, 2020
    • Shit. That would be dope haha.

      I guess maybe the asset type matters - equities VP vs like mortgage / asset backed securities MD

      From everting I’ve heard it sounds like if you are an MD and you stay for like 5 years eventually you’re bonuses are gonna stack on top of each other and then the yearly total comp will get pretty monumental
      Dec 22, 2020
  • Speedway / Eng
    Hank Hill

    Go to company page Speedway Eng

    PRE
    AIR, Amazon, JPMorgan Chase & Co.
    Hank Hill
    (P-L)*0.1+300,000 or Rev*0.05+300,000
    Dec 22, 2020 2