It doesn’t make sense sales & trading get paid so well yet rest of banks are struggling.
Sales and Trading did well because of unsustainable market volatility not because of their merits.
Trader bonus should be cut to help rest of the bank.
8 replies (most recent on top)
@srlf+18XLD8Dz profit/loss monitoring for each trader... simple
@OP+18XLD8Dz
How can you tell if someone is really a top talent or "it's not you, it's the seat"?
Reality check time... Traders won’t be getting paid any less, outside of in down years for the market, no matter how much you all wish for it. Being a trader in 2021 requires skills like coding, advanced mathematics, etc. This isn’t the Wall Street of 1980, where trading was a fraternity and full of jocks. There are a lot less trading jobs now then there ever have been, so to retain top talent, you have to pay for it, pretty simple. Branch staff can be easily replaced, no matter your contribution, including being on the “front line”.
The comment about D&I , you are disgusting. Stop talking about your fellow coworkers like that . Wish I knew who you were so an HR report could be filed.
The major banks didn’t receive government assistance for COVID.
Agree. It won’t be appropriate to pay trader huge bonus when bank receive COVID government relief. In fact, sales trading pay is unreasonable since platform instead of individual merits are driving revenue.
I support lower trader pay and raise pay for branch workers. I think BofA is doing great and will eventually lead entire Wall Street to pay trader less which is more reasonable.
Maybe the bank should pay black people for working 30min days as part of D&I. Oh wait they already do.
Haha okay Sandy Cortez