Risky Business

Without Bonuses, Investment Banking Doesn't Work

The issue is not bonuses, the issue is "total compensation". For years, banks have told employees to views things in terms of "total compensation", the bonus aspect is more of a year end retention distribution. Recent events are quickly putting peoples focus back on base comp - that's your salary and a bonus is gravy. Bankers are mercenaries, it's not an issue of getting them, it's an issue of keeping them.