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Side note: The reason people make a lot of money in any case is because they can eliminate the information asymmetry associated with them delivering value. In
by wtvanhest 10y ago
Side note:
The reason people make a lot of money in any case is because they can eliminate the information asymmetry associated with them delivering value.
In finance the people that are paid well are the ones who can show with clarity that they delivered dollars to the bottom line. Investment bankers show it through the huge fees they earn by winning contracts with companies IPOing etc.
Portfolio managers show it through pointing to their measured performance and showing their AUM gains. AUM x Fees = revenue.
People in big corp have a much harder time showing how their individual production helped the bottom line. Engineers have a REALLY REALLY hard time with this. Those engineers that do are making ridiculous money because of the scale that they can add value.