Quote:
Originally Posted by Unregistered
LOL you are so completely off base.
A MD in a local bank heading all of wholesale banking will be reporting directly to the CEO. We know from newspaper that the 3 local banking CEOs are paid $9-10 million. And you are saying a MD 1 level below is paid only 15% above 350k i.e. $400k?
It is so obvious you don't even have a clue what you are talking about here.
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MD can be a regional head who reports to global head or head of corporate and investment banking group, who then reports to the COO or CEO. For MD in local bank, salary is definitely more than 400k. But for bulge bracket, MD earns lesser if I am not wrong. Correct me if I am wrong.