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46. Wall Street Compensation 101: How to Get PAID

The Wall Street Skinny

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Compensation Structure and Bonuses on Wall Street

This chapter discusses the concept of bonuses on Wall Street and how they function as performance-based compensation. It explains the composition of total pay, the difference in compensation structure between junior and senior employees, and the preference for cash over stock. The chapter also mentions the impact of the collapse of Lehman Brothers on Wall Street and provides insights into the negotiation process for analyst and associate positions.

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