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The issue is that the same argument made for programmers can be made for back office & middle office as well, which when added up are much more than 1000 progra
by DMac87 10y ago
The issue is that the same argument made for programmers can be made for back office & middle office as well, which when added up are much more than 1000 programmers. I agree that the bonus:salary ratio should increase drastically for trading/sales vs other roles, but for corporate culture/uniformity and practical business (need to quickly reduce costs) reasons it's done this way to some degree.
- kchoudhu 10y agoI have extreme views about the existence of middle and back office personnel at banks as well. But that's another discussion for another day.