Private Equity Pay Shows Improvement, But Lacks Big Gains

The video discusses a new report on pay and investing, highlighting stagnant pay expectations last year and a slight increase in bonus and base pay. It examines pay trends in private equity compared to banking, noting that only a few in private equity become very wealthy. The discussion critiques the financial industry's ostentatious pay and contrasts it with the wealth of top billionaires, highlighting that not many are financial professionals. The video concludes by exploring the mix of wealth in private equity and financial industries, noting they earn more than banking but not as much as big tech.

What are the implications of stagnant pay expectations in the context of the financial industry?

In what ways does the speaker suggest that the financial industry is criticized for its pay structure?