2020 bonuses
Lots of other forums have one, figured might as well do one here.
Base/bonus
Year of experience/seniority
Anything you want to share about fund performance or whatever.
---
EDIT:
Will update periodically with a summary
200 + 200/next year start
80 + 50/1 year
120 + 180/1 year
250 + 100/1 year, 1/6th stub
125 + 125/2 year
150 + 1500/2 year
125 + 2250/3 year
200 + 250/5 year
150 + 350/5 year
150 + 400/5 year
150 + 100/?
200 + 500/?
base/bonus 200K/250K (450 all in)
5 years, including this year
fund did insanely well
generally was pissed, expected much higher comp .. i think normal this year for a similar person would be 400-700K
know two friends that got $1M+ this year with similar experience
Is this why you've been angryposting in this forum so much recently?
i prefer to call it truthposting, but i suppose yes
hf
As a person who decides bonuses, your experience can definitely cap your bonus and set a range, but it's more about your personal contributions. So either there was a perception that the stuff you worked on was not directly linked to the pnl or your boss is just unfair.
As a rule of thumb I think the buckets are: 300k, 300-500, 500-750, 750-1mm, 1mm, 3mm, 10mm+. Getting over 1mm basically means formulaic contributions and running strategies that you developed on your own and not firm IP.
So it's worth asking why u were in the bucket u were vs the other guys.
300: junior analyst couple years at fund with upside. No upside or bad attitude for team and you're out the door.
300-500: either senior quant without direct pnl ties or like 3-5 year experience analyst in normal years and normal contribution. Most are in this bucket.
500-750: Need direct pnl ties. 5y+ average analyst or 3 years in a great year and significant contributions
750-1mm: 5y+ experience significant contributions good year but not direct risk.
1mm: Jr PM with risk in decent year and formulaic payout or experienced analyst in big year
3mm: average tenured PM without scale
10mm+: senior PM with scale and capable of putting up 50mm+ net
That's basically the hierarchy and how to think about it. Note this is TOTAL COMP, not bonus.
What are you going to do with the money? How old are you? How much money do you have currently total?
chill the fuck out
Unemployed 5 years experience
invested own $, made about $1.5mm in gains (good year in the market and growth stonks)
Gloria?