@ Ashu,

Agreed.  Let's not ignore the trend though.  Most bulge bracket bankers eventually start their own BD (including myself).  The reason is only one: more money.  We are about 40 in our firm and we all come from bulge bracket.  When asked why we chose to leave JPMorgan, Goldman...the answer is same, more money.  Even a struggling ibanker makes more money than anyone else could possibly fathom.  Capital market is not known to everyone.  Even in US, only the corporate development, capital market and few others know what ibankers do.  I have failed to educate my dad what ibankers do.  Since he lives in Nepal, for him banking is all about deposits and money.  ibanking is all about advising at least to micro cap companies.

Good to have your feedback though.