# Professor Roy Smith discusses how compensation structures in investment banking have changed

1 Faculty News October 10, 2018 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](https://www.ft.com/content/05d0fea6-ca52-11e8-9fe5-24ad351828ab) -- "'Compensation in the old investment banking partnerships was based on low salaries with no guarantees, but a healthy bonus for individuals who were seen to be pulling their own weight,' he says."

[Read more](https://www.ft.com/content/05d0fea6-ca52-11e8-9fe5-24ad351828ab)