There are plenty of terms to describe Wall Street power brokers — but none of them matters quite so much right now as the simple phrase "managing director."
Wealth management, which has been an area for growth across Wall Street, may prove an exception.
"Two years ago, everybody was in the war for talent," said Alan Johnson, a Wall Street compensation expert at Johnson & Associates.
Getting a promotion to managing director is tremendously important for the people who are vying for the role.
"Once you become an MD, you're going to be making a lot more money.
Persons:
Goldman Sachs, Morgan Stanley, Banks, Alan Johnson, Wall, Jeanne Branthover, Johnson, Goldman, it's, Lloyd Blankfein, Justin Tuck, Branthover, might've, You'd, you'll
Organizations:
Wall, Citigroup, Jefferies, Bank of America, JPMorgan, Johnson & Associates, DHR International, NY Giants
Locations:
Wall