Pay: substantially smaller initially as well as down the line in AM vs a HF. Lifestyle: from what my friends in AM say, no real stress and no more than 8-9 hour days. HF is 9 on a really lucky day, closer to 10-12 hour days. Culture is very dependent on the group.

Also, do your research. SAC has been out of business for quite some time.

 

Most analysts at larger AM funds will top out around $700-$1mm. There are a few notable exceptions. PM's are a totally different story. Probably (I'm guessing here) starts around $1mm and goes up from there depending on AUM/performance/flows etc. note that there are very few PM seats that open up since no one ever leaves, so there are no guarantees that good analysts will ever get a crack at running a fund.

 

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