RICHMOND, Va. — There’s no need to feel so sorry for Eric Cantor, the U.S. House majority leader from Virginia who fell spectacularly in a June primary to a little-known college professor.

Those 13 years in Congress paid off.

Cantor, who enjoyed close ties to Wall Street during his time on Capitol Hill, will join New York investment bank Moelis & Company as vice chairman, to the tune of a $400,000 base salary, an initial $400,000 in cash and $1 million in restricted stock units, the company disclosed in a Securities and Exchange Commission filing this week.