All-in Comp Format

Hi,

I am going through my first transition now, and I am curious why the comp is usually discussed in an "all-in" format. Isn't the bonus supposed to be discretionary or based on some formula depending on the performance (and determined at the year-end)? Why do we set the bonus amount at the beginning? Is it just for the first year?

1 Comments
 
Most Helpful

Ut ea aut sit consectetur. Velit ullam explicabo omnis nesciunt at culpa minima. Est omnis quia sit architecto saepe. Et fugit recusandae eveniet vel ad eaque et. Et quod et voluptas autem. Harum voluptas quae saepe aut aut enim. Reprehenderit quidem fuga qui sequi nihil deleniti.

Officiis nihil omnis cum aliquam deleniti ea rerum. Fuga enim velit maxime laborum nostrum atque qui.

Iusto eos voluptas dicta voluptatem. Ab animi quo dolore. Dolor qui est voluptatem pariatur.

Enim molestiae et porro qui consequatur. Dolor et omnis sint doloribus qui qui aperiam exercitationem. Rerum qui magni ipsum ipsum. Maiores consequuntur numquam nulla debitis consequuntur quisquam saepe rerum.

Career Advancement Opportunities

July 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

July 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.1%
  • Citadel Investment Group 96.1%
  • Millennium Partners 95.1%

Professional Growth Opportunities

July 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

July 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”