After hearing speculation last week that Green-dotters were getting froze out, we got some potential details on the lucky few of you in the Northeast:
Get the scoop, after the jump
I’ve been told by a reliable source that merit increases will be available for 1s and 2s, but not for the majority of 3s and def not for 4s or 5s. On the AIP (bonus) side of the house, >50% of 3s and all 1s and 2s will get them. Of course, the actual amount will be smaller, I’ve also heard ~2% pool.
So, if you find yourself lucky enough to be on the good side of a particularly well connected senior partner, you might see a bump for all your trouble. Since performance rating cuts are all the rage these days, sources tell us the number of 1 and 2 will be scarce. We’d advise serious ass kissing but at this point you’re probably just getting the jump on next year (if you’re around).
Hahahahahahaha…..this is INCREDIBLY HILARIOUS….HAHAHAHAHAHHAHH
Still trying to come up with a reason and not laugh.
LOL it’s true though. You’re basically signing up for poverty. If you’re a strong investor, you can actually end up making less comprehensive income as a Manager because your independence rules are way stricter once you hit Manager. Senior Associate + Ability to Invest > Manager + Pretty Much Zero Ability to Invest Freely