Not in need of some motivation, just interested to hear some success stories. How well were you compensated during your best year to date? Additionally, what's the biggest bonus you personally know someone received in this space?
Role: Analyst at L/S equity pod (recent hire)
Location: NYC
Bonus: $130k
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$110k as a 2nd year associate in pe.
$300k
225k as a 3rd year at a macro fund after 2 years of s&t - pretty sure the head of my desk made $5MM+ that year
What does MM stand for? Some use Mn, some use m, and others use MM. I never understood the logic behind MM. Thoughts?
It is just the preferred style within a few fields:
a thousand thousands, so a million (not 2000 as MM would imply).
Seems like macro funds are where it's at.
My boss told me "good work" one time. Felt pretty good, not gonna lie.
I got a “Thanks looks great. Couple of comments:” today
A good step up from "thx, gd"
Highest I've heard is $6m for a senior analyst at a tiger cub
If this year closes out as expected, should be $2 - $3M
How many years of experience?
4th year analyst at my fund. 3 years experience in IB and PE before that.
How big is your cock?
Average.
Ok fine. Slightly below average, but it works!
How large is your fund? Single manager or MM? Team size? And what kind of returns are you generating for that?
I also really want to know these things
At what kinds of HF can you achieve this type of return?
Would you mind sharing things like AUM, if you guys were up 30%+, how lean etc? Also could you have made that bonus as a 2nd year?
MM or SM? If MM, how big is your sleeve / how high returns did you have to put up to get paid that?
Lmao we’re not even 1/2 way through the year
$300K as second year associate at midcap activist HF
Background? 2 Year IBD and 2 Year PE?
hey can you PM me? :)
$250k end of year bonus as credit analyst after working 2.5 years at particular mutual fund
How is the work life balance of mutual fund? Would you be able to give a few comparable firms?
I think like 600k, a couple of years ago? Probably like 300 this year, which has been horrible. Average should be 600 or so at this point.
Background? Type of fund?
.
https://i.insider.com/5ddc336bfd9db244c913783d?width=400&format=gif
All in paper comp (including deferred) 4.4mln
Congrats. How much experience? Are you an analyst or pm?
This was in 2014 (based on 2013 performance). At the time I was a partner at the fund (sr analyst but had trade authority) with 3 years at the fund. Prior to that I had 1 year at a family office and prior to that was 2+2 banking/pe.
In 2009 (2008 bonus conversation), my boss told me "i got good news and I got bad news - the good news is that you made a lot of money for the firm".
Thought you’re going to say “you still have a seat.
Not a bonus but received a 150k commission on a huge life insurance sale (just my piece, the actual broker got about 500k) several yrs ago. 3 50M policies on a buy/sell succession plan. Was a yr in the making.
Here's the reality and I imagine bonuses in IB, HF, PE etc. feel the same way. Initially (ahead of doing all the work) I felt "wow we are way overpaid for this stuff" and a yr later after dealing with all the lawyers and CPAs and bankers and underwriters I switched my thinking to "wow we are way underpaid for this stuff." Probably 20 different starts and stops and countless times it came close to unraveling.
But it was a nice day.
Personally, I know of someone receiving a 300k+ bonus, but that was after a few years.
The craziest number I heard was a senior analyst at tiger cub that got $30m bonus. no joke
Why must you intoxicate my mind with fantasies of riches!? How old was this guy?
upper 20s.
There are always guys at the MM/LMM banks that stay there because the firm has agreed to pay them in cash because they are such rainmakers. My old boss (head of a coverage group at a MM) made 10m+ one year. I got 90k that year as a third-year IB analyst...
These numbers are insane. Truly mind-boggling for someone not in Banking.
I'm a resident physician and exactly 0 attending physicians get a bonus. People on here are bitching about making more in bonus ($90k) than my annual salary ($60k) as a hard working professional. Basic numbers here matching or exceeding the average yearly numbers for a full-time surgeon ($300s).
I had been trying to escape Medicine for Banking but then freaking COVID delayed that a bit. Can't wait to make some real money.
You are seeing a few data points and these are outliers.
If you are great and can stay at a HF for a while (and get a cut of PnL) then you can have huge bonuses. The number of people that get to that level is extremely limited.
Have you considered equity research in biopharma? Bonuses are lower, but the base salary is higher than what you cited.
Biotech specifically is a growing sector and always looking for candidates with advanced life sciences/medical backgrounds. ER recruitment also doesn’t seem to be too impacted due to COVID since I’ve had a fair share of friends secure offers (though they were already in the industry). If you’re set on banking, it may also be easier to lateral from ER if you’re in, too.
If you do invasive cardiology or invasive radiology you will make around $600k a year every year for the rest of your life which is what the average hedge fund and PE guy and banker makes but you will take far less risk and volatility and have far more job security
Lol. You make it sound like making $600k is a walk in the park for a physician. That's a top 5% salary. Funny enough I'm in Interventional Radiology and the salaries you cited are not correct. Mid 300s is more accurate. Someone in the middle of nowhere can crush it, yes, but not for people who want to live in a metro. Listen that's not a bad salary but you dont start making that until mid-30s and with often $300k+ of student debt. That's precisely why I am transitioning careers and also will push my son into banking.
Read about this guy when I was in college...similar to some others in HF land, wish I'd just read about the stable and still pretty good money at PE lol
https://www.wallstreetoasis.com/forums/28-year-old-morgan-stanley-trader
1.95 MM, half immediately half deferred 1 yr.
Gonna be more like 450k this yr, unless we have a miracle in the back half. Really depends on fund performance.
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