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macrocephalopod's profile
macrocephalopod
macrocephalopod
macrocephalopod
@macrocephalopod

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macrocephalopod

@macrocephalopod

Paul Allen, Vice President M&A, Pierce & Pierce (Sie/Hir) | Vegan | Silence is Violence | Women’s Rights Are Human Rights | ACAB (Assigned Cephalopod At Birth)

Joined December 2020

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    Two-way (sending and receiving) short codes:

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    1. Jim Greco‏ @jgreco 10 Sep 2021

      Jim Greco Retweeted Jim Greco

      I’ve received an odd amount of push back on this point. I think people are not quite aware what VPs get paid at banks in NY. That number is kind of a floor and wasn’t meant to exaggerate.https://twitter.com/jgreco/status/1436094244628934657 …

      Jim Greco added,

      Jim Greco @jgreco
      Lets do some math. Say you’re a 28 year old VP in trading (plug in your own numbers for asset management). Your comp is $500k+ (and hopefully much higher). That means your time is worth at least $250+ an hour.
      Show this thread
      2 replies 1 retweet 13 likes
      Show this thread
    2. Quantian‏ @quantian1 10 Sep 2021
      Replying to @jgreco

      unless you are a desk head at 28 now i don't think anybody is making 500k base at a bank. with bonus in a good to great year, maybe that's the all-in number, but you shouldn't benchmark your total comp to an hourly rate.

      1 reply 0 retweets 13 likes
    3. Jim Greco‏ @jgreco 10 Sep 2021
      Replying to @quantian1

      That was an all-in number. 250/250 base/bonus is what we used to guarantee for laterals. Opportunity much higher of course.

      2 replies 0 retweets 3 likes
    4. Alex Gerko‏ @AlexanderGerko 10 Sep 2021
      Replying to @jgreco @quantian1

      Here I am, peaking at 200k GBP TC after 5 years in DB, aged 29. I guess I am just not good at that bank thing

      3 replies 0 retweets 16 likes
    5. David H‏ @dhorsb 10 Sep 2021
      Replying to @AlexanderGerko @jgreco @quantian1

      US comp is always going to be a bit more. I’d say 20-30% as a rule, more if they’ve got batshit profit share agreements (much more common there). Europe also has comp regs, and generally margins are a bit lower. At least cost of living in London is much less… oh wait.

      1 reply 0 retweets 4 likes
      macrocephalopod‏ @macrocephalopod 10 Sep 2021
      Replying to @dhorsb @AlexanderGerko and

      Nah I think Alex is just bad at trading.

      10:17 AM - 10 Sep 2021
      • 7 Likes
      • emily godeo flunk Veronica Humble Benn "DJ D-Vol" Eifert bob David H Jim Greco
      1 reply 0 retweets 7 likes
        1. New conversation
        2. Alex Gerko‏ @AlexanderGerko 10 Sep 2021
          Replying to @macrocephalopod @jgreco @quantian1

          this is why I am on twitter now

          1 reply 0 retweets 9 likes
        3. David H‏ @dhorsb 10 Sep 2021
          Replying to @AlexanderGerko @macrocephalopod and

          Move to the buy side.pic.twitter.com/cP1pCTt06V

          1 reply 0 retweets 1 like
        4. Show replies

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