Eu Mbb principals - did you have to cut your overall compensation (salary + bonus) to exit to industry (no pe, tech)? If so by how much?

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From what I heard it somewhat depends on the countries, e.g. cuts were higher in Southern Europe vs. Northern Europe

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It’s possible to leave with minimal cuts in Southern Europe until EM level. After AP level I would say at least a 20% paycut or more

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