Hi all, as the title lays out I’m trying to gauge if a role in FoF or some sort of allocator role right after two years in banking could potentially pay at least $200K all in with like 40-50 hours a week. Let me know if i’m totally off base and crazy here
| +26 | Early career insurance AM - should I just thug it out? | 7 | 19h |
| +24 | Are the Markets Actually Broken? | 4 | 4h |
| +7 | Dodge & Cox perception, reputation in industry the industry? | 11 | 13h |
| +3 | Asset allocation / FO head hunters? | 1 | 22h |
| +3 | Headhunters - Europe | 1 | 1w |
| +3 | ARES - culture, WLB | 1 | 1w |
| +1 | Canadian AM Comp (Big 5/Pension/Boutque) | 4 | 1d |
| 0 | BlackRock increasing SA comp? | 3 | 3w |
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.
All in comp won’t be 200k for a FoF or allocator role after 2 years of IB. The Ivy League endowments still hire guys at 100k/110k base with a small bonus for analyst level
especially if you’re not at a top bank or in NYC
Just wanted to add my 2c here. First-year analyst at a top allocator out of undergrad in a HCOL city. I am at a total comp of >150k with really strong benefits. Of course, I think this is at the top of the spectrum, but I would assume that near 200k compensation is definitely possible for someone coming in at the senior analyst or associate level.
Dang nice, is this a large FoF? And are you guys hiring…
It's a private E/F. Unfortunately, it only hires directly out of undergrad. BUT, If you look into co-investment roles at top OCIO platforms like Partners Capital, Jasper Ridge, etc., you could definitely find roles that have very attractive pay. If you want to target more E/F opportunities, then look into your undergrad investment office and work hard to network, because it's a really small space!
Completed 2 years at a BB in IB and am now at an external manager, handling primaries and co-investments, with $220k TC as an associate. Higher comp will not be working directly at an endowment / pension but at an external manager.
How’d you get this opportunity? What are hours like?
Standard HH process. Hours flex depending on deal flow, but 50/60 hours max.
There's an open associate role at the Gordon and Betty Moore Foundation with a base salary of 160k, so I would assume total comp would be over 200k, if anyone is interested! There's a handful of people on LinkedIn who aggregate open allocator positions that could be useful to follow!
What's so appealing about FoF work-wise? Genuine question.
Eos nam ab eligendi similique. Nostrum beatae quae labore numquam facere ut. Magnam iure animi suscipit voluptates. Ullam libero dolore aut earum quis similique quia.
Ut fugit ut et explicabo perferendis. Exercitationem veniam sed voluptas ratione qui architecto incidunt iusto. Est nostrum rerum aut natus autem quaerat. Rerum ut minus sed minima rerum. Quod non ut sed culpa eum. Sit sequi ab a optio et molestiae voluptas.
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...