small hedge fund 1st year salary
O
Tags:
(Senior Chimp, 29
Points)
on 3/5/10 at 6:19pm
How much would a 1st year at a $1.5B aum hedge fund with about 20 guys expect to make?





Out of undergrad? No idea, I
Out of undergrad? No idea, I don't know why a hedge fund would hire an undergrad. Normal hiring (at least 2-3 years of experience) I would think base salary around $100k with a bonus dependent on performance, if you are up 10% I would think maybe $100k bonus IF you have 2/20 economics. Above 10% returns for the year and your bonus probably can grow pretty large but it all depends on what kind of economics the fund has and your annual return. By the way, I'm not sure who told you $1.5 billion is a small hedge fund, in the hedge fund world no one would call that small.
if you're getting 100+100 out
if you're getting 100+100 out of undergrad you should be VERY happy. what kind of role is it? if it's non FO, maybe 55-65 + up to 100%. FO maybe 70+70 is realistic. i agree 1.5b is not small.
I was suggesting 100+100 With
I was suggesting 100+100 With experience. I've never heard of anyone making 100+100 straight out of school.
actually, there's a hedge
actually, there's a hedge fund recruiting at Harvard college with a BASE of $240k.
You mean undergrad? I think
You mean undergrad? I think that isn't true and is probably a typo. If it is true that is the greatest job in the history of finance.
hey guys, thanks for the
hey guys, thanks for the replies. this is for straight out of undergrad. the firm's been around for 5 years or so, and they've annualized 25%+ returns for the past three. assume a trading/quant analysis position. anyway, assuming a 2/20 fee structure, there seems to be plenty of money to go around. that's why i was wondering about the comp structure.
thanks
2 years into the job my
2 years into the job my friend at a 1B fund was making 400K+ net (don't know his first year, but the escalator is quick if you prove that you're good)
Learn Financial Modeling
Interview Guides
WSO Resume Review
hmm they need anyone else?
hmm they need anyone else? seriously, email me. hehe.
based on the added info, i would revise my estimate upwards. ultimately it comes down to the partners' philosophy. some guys will never pay a young guy a lot money. some believe in paying top dollar to get top talent. also, with numbers like that I wouldn't worry much about what they pay you.
Lord wrote: actually, there's
actually, there's a hedge fund recruiting at Harvard college with a BASE of $240k.
Do you mind telling us which hedge fund this is? I know it's not de shaw, citadel, or AQR.
it is totally variable..ive
it is totally variable..ive seen analysts at top tier funds make as low as 50-60k base salaries and i guess someplace above is paying $240k to a harvard grad, so it could be anything.
BTW 1.5BN is not a small hedge fund.
I think that 240k thing is
I think that 240k thing is bullshit. Some fund called "Spark" is always advertising that at HYPS (including for their HR and IT people), which I find nearly impossible to believe.
I wouldn't get your hopes up. While a couple fund managers may be extremely generous and pay a lot, most will not pay you more than they must to keep you, assuming you're good. I would expect 70 base + between 30 and 60 bonus.
hey if someone with access to
hey if someone with access to that 240k post would care to PM the text of it to me, I would enjoy reading it out of curiosity. you can redact the relevant contact info if you're concerned
edit: in return I could exchange a bit of color I just dug up
CashCow wrote: I think that
I think that 240k thing is bullshit. Some fund called "Spark" is always advertising that at HYPS (including for their HR and IT people), which I find nearly impossible to believe.
I've seen this company too. They put a 200k+ in the title of all their job postings (even "technology recruiter"!). Based on what I read, they seem like a quant fund. Anyways, here's their Company Description from my college's job postings:
Company Description
We are the next-generation hedge fund. For over a decade, our outstanding people, many of whom have PhDs, have been developing the next generation of technologies, ideas, and strategies, three to four years ahead of our competitors. We have been highly successful because of both our technically superior strategies and our brilliant people, a close-knit group of alumni from Harvard, MIT, Cornell, and other such elite schools. This lucrative synthesis of human and machine cognition in an intellectually rich, supportive environment is at the core of our firm. We support high performance real-time systems in a Linux environment.
ohhh that one ... that's
ohhh that one ... that's funny. I had seen that post before elsewhere and had immediately pegged them as DE Shaw due to the overwhelming pomposity. (next gen, brilliant phds, please.) i say it's funny because my intel revealed that they are a spin off from DE Shaw ... so I guess it makes sense.
anyway sorry for the semi threadjack, OP's fund sounds more interesting
My friend is in a "small" 2.2
My friend is in a "small" 2.2 billion aum hedge fund out of undergrad, but the portfolio manager that he is under only manages 300 million of that 2.2 billion.
His pay is $60,000+ 50%- 100% of salary as bonus..
He is a 1st year analyst (non trading role) . He works about 60 hours a week give or take. Not too bad for a recent college undergraduate
Compensation will vary greatly on how much money your pm manages.
Expect $60-$80K fresh out of
Learn Financial Modeling
Interview Guides
Resumes
forexcrazed: does one have to
Street base, 50-100% bonus is