QuoteOriginally posted by: twofish Risk is where the power is, and it's where the money is, and it's likely to stay that way for a few years at least.Power, maybe to some degree, but money, absolutely no, it's not, by any stretch of the imagination. Even power can vary dramatically from one bank to another. In my former shop RM was a weak-ass operation with a dozen hierarchical levels, where all the decisions were made by the CRO or one level below at most, and everyone else was ordered to just blindly execute.In my current shop the function has a strong mandate by the business' senior managers themselves to analyse the business in depth, engage the trading desk at all levels and bring as much challenge as needed. That said, it doesn't mean you're going to be paid well. You're in a bonus pool which is not great to begin with and typically very top heavy - much more so than in any revenue-generating function. So, even if you're a star performer, either you continuously demand more and establish a permanent perception of a "retention problem", and even in that case you're not going to see anywhere near seven figures before you're MD, or indeed you try to move to greener pastures. So, RM doesn't necessarily mean a POS dead-end job, but anyone who thinks that a gig in RM is a better career proposition than any revenue-generating function is delusional.