I am curious how income varies when the person has a title for example "MD" at Goldman or the same title "MD" at a small hedge fund. I have witnessed people who I think got to MD a lot faster and easier at smaller hedge funds and yet someone is still working very hard to get the same title at Goldman. Does it mean that the first one is most likely financially better off? Can titles be compared at all? I was told smaller hedge funds pay better at junior roles but does it persist across the ladder? What's the point of fighting to become an MD at Goldman then?
Thanks, "your confused" Junior quant.