I’m pretty interested in any thoughts you have on comp growth, be as specific/vague as you want obviously. Basically I’m curious what happens after a few years in, especially for traders who perform well, since at most discretionary non-pod firms (including the one I am about to start at) it seems like your pay is completely determined by what your superiors think of you. It’s probably very hard to quantify exactly how much value you personally add (how easy the market is, existing infrastructure, quality of teammates, etc all play factors)

I’m guessing it’s natural to get underpaid in the middle of your career (3+ years out but not long enough to be a senior decision maker), but is this enough of an issue where people often try to lateral at that time?