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ideating
pandaNo, investment bank starting salaries are 60K-65K. Some big hedge funds such as Bridgewater do have 100K base salaries though (lower bonuses though).

The HF bonus range for large HFs, analyst out of undergrad, is around 50-70 (so around banking bonus range).

Unless the numbers changed drastically due to the credit meltdown, you're wrong. I know for a fact that D.E. Shaw pays $90k base (at least, they did two years ago). Also, enough people have floated the $100k for Bridgewater that I believe it.

 
LondonE11Ive heard in the past Bridgewater base is 100k with bi-annual bonus.

That is pretty diesel if its true.

It's called "Semi-annual"

The confusion between bi- and semi- occurs because both prefixes are related to the concept of two. But bi- means something that happens every other (week, month...), or every two (weeks, months...), while semi- indicates something that happens twice every (week, month) or every half (week, month).

Eventus stultorum magister.
 

Poor guys in the US with the weak dollar...

I'm offshore... First year analyst base equivalent to c.US$85k and bonus of 110%...

 
curiousmonkeyIf you're working in the UK and are converting to USD. I think starting salaries are in the 50-60K pounds range? Or am I mistaken?

You are mistaken. Think more in the range of 35-40K UKP base.

 
boredom
curiousmonkeyIf you're working in the UK and are converting to USD. I think starting salaries are in the 50-60K pounds range? Or am I mistaken?

You are mistaken. Think more in the range of 35-40K UKP base.

£35-40k base if you start the grad scheme at a big firm, sure. But if you have a MA/MSc (so 4yrs at university) Credit Suisse and some others start youon 2nd year analyst pay £45k ie $90k. And the M&A boutique houses like Greenhill and Gleacher can be £45-50k.

Poor US guys with your weak dollar, to the point where UK bonuses in £ are similar to what NYCers get in $. London, Moscow, Dubai, Frankfurt, Singapore etc all give you a shedload more right now - both in absolute and PPP terms.

 
Don't forget that working at that kind of price when the dollar is so weak- its pretty sweet. i have no doubt that the dollar will rebound when iraq is over and bernacke is gone (well at least the latter). THerefore if you can survive these years then its equivalent to a lot more in the future.

So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession

Reality hits you hard, bro...
 

A Credit Suisse spin-off HF I know pays 100k base straight out of UG. I'd assume the bonus isn't spectacular though as a result. Not unheard of, just not common, and it usually balances out. Nobody is going to pay you better than someone else if they don't absolutely have to.

 

Same goes for a quant/fundamental hybrid PE/HF fund I know, they recruit UGs and pay 100k base. They have a pretty hardcore hiring policy though. I do reckon the bonus isn't that great. Then again, those guys don't work 60hr+ a week on average.

DYEL
 

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