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Not from what I saw. I worked at a very large Manhattan-based investment bank and we paid the research quants way more than the rating agencies. There was a bra
by mediaman 17y ago
Not from what I saw. I worked at a very large Manhattan-based investment bank and we paid the research quants way more than the rating agencies. There was a brain drain from rating agencies to the bulge bracket firms. There's a lot more money in making the right trades (for yourself or for clients) than in writing reports.
- yummyfajitas 17y agoThe quants who figure out the right trades are front office quants. Back office quants (risk management, finance, operations) are not paid nearly as well, even in investment banks. Ratings is back office work, and is paid commensurately.