How are prop traders at banks paid?

Discussion in 'Professional Trading' started by elitetradesman, Apr 15, 2011.

  1. I believe both commercial and investment banks have proprietary trading arms. Are traders working there called prop traders, too?

    Anyway, how are these traders paid? Do they have base salary and performance bonus, or are they paid only their profit share like those at prop firms?

    How often is performance bonus paid? Monthly or yearly?