He was probably pulling mid-7 figures for the last 3 years, so at this point I’d guess he just has 3 chickens in the backyard of his palace so that he has something to put on his LinkedIn profile.
Nah, big finance has super overinflated titles since the 08 crisis. Regulators wanted a higher up to aign off on certain stuff so they made everyone a higher up.
I was in IT at Morgan Stanley and MSCI, and it’s basically junior to mid level dev is Associate, senior dev to team lead is VP, senior team leads are executive directors, the 5 remaining layers up are all managing directors.
You can be a VP at Morgan Stanley, pull an 80k salary and have no reports.
Not true in the finance departments. An MD at any Banking (Corporate, Private, Investment) is making low to mid 7 figures, while fresh Junior Analysts are at mid 100k. Research stuff not so much, but even then there’s no one making less than 100k
He was probably pulling mid-7 figures for the last 3 years, so at this point I’d guess he just has 3 chickens in the backyard of his palace so that he has something to put on his LinkedIn profile.
Nah, big finance has super overinflated titles since the 08 crisis. Regulators wanted a higher up to aign off on certain stuff so they made everyone a higher up.
I was in IT at Morgan Stanley and MSCI, and it’s basically junior to mid level dev is Associate, senior dev to team lead is VP, senior team leads are executive directors, the 5 remaining layers up are all managing directors.
You can be a VP at Morgan Stanley, pull an 80k salary and have no reports.
Not true in the finance departments. An MD at any Banking (Corporate, Private, Investment) is making low to mid 7 figures, while fresh Junior Analysts are at mid 100k. Research stuff not so much, but even then there’s no one making less than 100k