| CamaroLover,
Managing Directors focus mostly on client relationship/management unlike analysts and associates who are essentially grunts.
Managing Directors make the bulk of their compensation from the bonus.
The base salary typically ranges from 200 to 350k. Including bonus, the typical yearly compensation ranges from $1.5 to $3 million for a NORMAL MD.
Now when you start thinking about MDs that are Group Heads or Division Heads, note that the compensation can increase astronomically from that typical compensation.
The ability to make it to MD is virtually based on the value added to the firm (i.e. your performance). It is highly unlikely that anyone will care where you graduated or what you majored in if you're bringing in large revenues for the firm. |