Typical Large Fund Long short Comp after 2 as analyst?

So forgive my naiveness - I’m new to finance from medicine. My goal is to go to a HF.

Why would these seemingly smart and rational people make this kind of career move if turnover is so high? Why now coast in PE/IB and make a few million? Discount “the public markets are so much more appealing and the work is satisfying” because if there’s not a job for you to do then the statement makes no sense.

Some SMs before 2022 had insane comp trajectory. Know a couple of people personally who went to a cub, made atleast 8 figures (some 9) by the time they are 30ish then retired to do angel investing

ofc some pods can pay a lot of money, but thats not the majority - majority get fired after 3 tries and are doing some random IR/ corporate job at 30.
A close friend of mine is at one of the large platforms, and mentioned that the top ~10 books contribute 90% of the firms yearly p&l. This also means that the rest of the books contribute no substantial value (basically netting each other out). Just shows how rare a good seat at a pod really is

Which SM paid 9 figures to under 30 analysts?

You have to understand, the exact same rarity exists in pods - there are young 30s PMs that made mid 8 figures last year. But I struggle to see your 9 figure claim thru. And there are massive differences b/w C / MLP / Pt / Baly. My experience is C (and sometimes MLP) has the big young comp outliers

Those days of mid 7 low 8 SM analyst comp are over man (unless you can get into Pershing). I literally cannot think of any SM other than Pershing (yes even the household tiger names we all think of — long story short you’ve been lied to about those funds) where the economics are more compelling than at a pod where YOU generate real pnl $s and get an outsized cut of said $s because of pass thru. I can’t tell u how many friends I have who chased SM comp in L2Y and told me “nope, trust and watch, Scottie said I’ll be making $5m soon” and now they work for a soon to be FO. No one’s paying u for beta anymore. U all should expect MASSIVE revisions to LP expects AND PM expects of analysts

Lol the people monkey sitting the apollo guy has no clue how insane comp used to be at some of these places and yes there are people that have made 9 figures by the time they were 30 at some of the cubs. Not in a year ofcourse but over the time they were there

Jeez. 1m as the target comp, not an outlier year of performance for the fund?

Yea target comp. Know at least 3 firms that do $1M target.