When a managing director resigns, the vice presidents and associates who worked most closely with them often wonder whether they will be asked to follow. In many cases they are not, and even when they are, whether they can make the move depends on factors largely...
Lateral candidates often talk about “my clawback” when they think about what it would cost to leave. Usually, what is holding them in place isn’t a clawback at all. It is deferred comp. The difference matters, because hiring banks treat the two very...
Wall Street’s biggest banks reported third-quarter results on October 13 and 14. Investment banking fees rose at most of them, led by Goldman Sachs at 21%, while Bank of America’s fell 11%. Compensation grew faster than headcount, and pay per employee rose...
More banks are building real capacity outside Manhattan. Here is how to tell whether a regional offer is a true deal seat, what the pay looks like once you adjust for where you live, and how the move shapes your next one. For most of the last fifty years, the career...
New York’s securities industry earned $45.9 billion in the first half of 2026, up 51.3% from a year earlier, and is on pace to top $90 billion for the year. State Comptroller Thomas DiNapoli expects Wall Street bonuses to rise from last year’s record. Here...
What Investment Bankers Can Actually Expect to Earn in 2026 | Prospect Rock Partners Record bank earnings and the biggest bonus upgrade in years tell one story. A wave of headcount cuts and a boutique that just posted a 91% net income drop in a boom quarter tell...
