Got an offer from a Top-5 mutual fund to cover Consumer after 6 years in LO HF. Did 2 years of IB before going to HF, and have been covering Consumer my entire career all in an LO strategy. I have no idea whether my offer is fair or not, but would love some input from experienced folks here. 401K, benefits, etc. Thanks in advance!
| +38 | Strategy to asset allocation | 10 | 3w |
| +36 | Q&A | Research Associate, Long-Only | (0 years in DCM/IB/consulting) | 12 | 3d |
| +17 | Working for Endowment? | 8 | 2w |
| +14 | Early career insurance AM - should I just thug it out? | 3 | 1w |
| +8 | Bridgepoint Acq Kayne Anderson RE | 2 | 2w |
| +7 | CPP Early Investor Program (Summer 2027) Check | 5 | 5d |
| +6 | Goldman Sachs Operations? | 1 | 2w |
| +6 | MBB to Banking Career | 1 | 2w |
| 0 | BlackRock increasing SA comp? | 3 | 1w |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
What’s the offer
Offer is:
Base of $225,000
Target bonus of 50%
Full medical, dental, vision
$30,000 relocation
And 10% 401K match
I think there are a lot more variables to the comp like location (are you in HCOL/LCOL), your definition of a top 5 fund… I dont have much to add beyond a single data point that senior RAs could make as much (if not slightly lower) all in at the LO I work at.
Edit - agree with comments below.. if the target bonuses rises over time then it’s a good offer I think (or at least I’d have less pushback)
If the target bonus is expected to scale materially with time then this is roughly right for a first year package.
If the target bonus is expected to scale materially with time then this is roughly right for a first year package.
Ut nisi quod expedita vero sed. Rerum voluptas iure enim ea ut. Enim excepturi a veritatis veritatis quia et. Dolores molestias quisquam qui sunt repellendus.
Odio aut maxime vero expedita. Ea numquam voluptates quam rerum odit cum. Qui laudantium enim aut eveniet molestias. Et magni veniam sed inventore excepturi et voluptatem accusantium. Qui aut voluptatem consequatur est maxime pariatur saepe.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...