Is it me or is the purported meritocracy on a trading desk just really BS?

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On a sell side sales trading desk, it can be hit or miss (especially in the more sales-y roles). On a buy side desk or a market making/prop desk, it’s generally for real - you live and die by your PNL, Sharpe, and other measures of profitability and best ex

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Second the above^ been both sell and am now buy side and your P&L is the only thing that determines your standing. They have limited rules and near unlimited tolerance for behaviour as long as you’re making top $

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I spent all of my career in finTech & finServ as an implementation engineer. I think that I have been an above average performer throughout my career. Here's the short version of salary history:

Job0 - yr0 - intern - $18/hr
Job1 - Yr1 - $52k base + 10% bonus
Job2 - Yr5 - $100k base + bonus, upto 100%
Job3 - Yr6 - $120k base + bonus, upto 30%
Job4 - Yr8 - $140k base + $100k equity
Job5 - Yr13 - $180k base + bonus, upto 30%
Job6 - Yr18 - $197k base + 27% bonus + stock option

Your thoughts?

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