2022 Bonus / Comp Thread
Guess it's almost that time of year where #'s are getting communicated. Share below (if possible in below format). I'll get it started:
YoE (since Grad / on Buyside): 8 / 6
Strategy: Credit/Event
Total 2022 Comp (Base + Bonus): 750k (150 / 600)
Total 2021 Comp: 1.1M
Notes: fund exp to be down 5-10% this year
Please do also report the country. I guess you are US, but for the London guys, would be good to know also Bonus
YOE buyside: 13
strategy: multi asset/quant
2022 comp: $5.5mm ($500k base / $5mm bonus)
Honestly, I’d recommend you enjoy college and make sure you use that time to study the things you are passionate about (and take the weird classes/seminars that sound interesting that you may not get a chance to do later in life). And also enjoy the social aspect, you are surrounded by people your age, there are so many great opportunities to take advantage of in college, don’t waste that time worrying about what’ll get you in a HF down the road, most of that stuff won’t matter (you’ll learn a lot on the job).
I never set out to work at a HF out of school (barely knew how they worked), so I can’t say my advice is any good. But I’ve had most of my success when finding the things I’m passionate about and working hard at them. A few things:
1) follow your passions: when I set out the quant space wasn’t that big, the technical skills weren’t valued as much, but I enjoyed it. I focused on being the best at that
2) focus on learning: too often people are focused on being the best or being “right” without focusing on actually learning content. A big difference between a HF and school is that there isn’t a “right” answer, you need to be creative and see things others don’t
3) don’t be afraid to fail: so many people I’ve met come from impressive backgrounds, have always been the “best”, they don’t know how to fail and learn and they are so afraid of it
4) take all the opportunities presented to you (to a degree): don’t stress about things being “beneath” you, work hard and every opportunity is an opportunity to learn and advance.
that’s all I have for now
YOE (total / buyside): 3/1
Strategy: LO
Total Comp: 420k (180 base + 240 bonus)
Going to be honest - was totally oblivious to how well LO could comp if this is legit
Don't let this thread skew your perception. For every post that's $1.1M in comp there's 20 untold stories ranging from "got fired" to $400k all-in.
wheres all the fund closed down/fired/0 bonus datapoints? don't be shy guys
that's what I'm thinking. the market has been atrocious this year. funds are going bust. layoffs everywhere. and people in here are all like "fund down 5%, comp mil+". one guy even posted that he made 5.5mil. that's what Olivier Giroud is making - one of the top goal scorers in the World Cup, leading goal scorer in French history, the man who brought France to the World Cup final. and then somebody who lost 5% of somebody else's money is getting paid the same. ridiculous.
I’m the person who posted the $5.5mm and we didn’t lose 5%. We are up a fair bit this year. Also, many football players get paid a lot more (you are cherry picking an example) but on the other side there aren’t many people at funds that make this either (so you are comparing a good players to a senior person at a “top” fund). It isn’t crazy, both are people who are excelling in a competitive field.
You were calling for someone with a shitty year, here I am
YOE: 4 / 4
Strategy: L/S Equity and HY
2022 Comp: $120k + $30k
Notes: fund expected to be down around 25% for the year. Based in Europe.
YOE: 5-7 / 5-7
Strategy: L/S Equity
2022 Comp: $100k + $0k
Notes: fund expected to be down around mid-teens for the year. Made a lot of investment errors this year, will bounce back next year hopefully. Based in US.
Jesus bro do u need go fund me
For you london lads:
YoE (since Grad / on Buyside): 2 / 1
Strategy: Quant Alternative
Total 2022 Comp (Base + Bonus): ~£290k (~95 + ~195)
Notes: dogshit first half of the year, crazy good second half.
3 years out of college. 1.5 on buyside. 125k base; 350k bonus. 475k total comp. Pod at mm.
Depends on the team really. The stressful part about the job isn’t really the hours. You’ll end up thinking about the stocks, ideas and themes way beyond the hours you spend at the desk..
For my specific case, my actual hours at the desk look something like 7:30am to 5:30pm. Extend that a little bit during earnings. Some teams spend all their time building very detailed models which can mean they spend more time at the desk. Again, hours worked not really the main driver of wellbeing on the job I’d say.
Team performed in line with overall fund so pretty normal year.
If you trade equities, your bonus was keeping your job
11/11
PM L/S
13mm
32mm
Household name MM