What pays more at the partner level? MBB or LMM PE? I know it's a no contest in favor of PE for MF and UMM. Wondering how lucrative LMM is.

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Cash comp I’d guess MBB hands down but at LMM more variability from the carry component. So depending on returns you may come out ahead on after tax basis at LMM. Also depends just how LMM we’re talking.

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MBB for sure, but that payment comes with some awful hours. But then again, everything in this industry does...

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With carry, LMM. On an annual cash basis, MBB

There’s more….

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