Comp growth and upside is lacking compared to other top shops. Compensation grows by a fixed percentage every year rather than a meritocratic model based on performance. There is a very small personal/team performance metric; it is much smaller than any other top shop. The benefit here is that people/teams are hedged on bad years. Large mismatch between compensation for lateral hires versus traders who joined as new grads. Lateral hires are often over-compensated. Home-grown traders comp almost always lags behind even if both people have the same YOE. A lot of inexperienced and incompetent managers who are often hired laterally. Complete bozos running some desks.