Bonus structure for back office ops
I'm considering accepting a higher level back office operations role at a small hedge fund (~2B AUM) and am curious how firms generally structure their bonuses for roles that don't directly impact fund performance. Is the bonus tied to your performance through some kind of rubric or tied to fund performance? If so, what might be a reasonable expectation for bonus as a % of whatever bonus I'm eligible for? I've also heard of guaranteed bonuses but am not sure how common those might be.
I would ask for some general guidance on bonus before accepting the offer. It is mostly fund performance driven for non revenue generating roles, 20-30% on the low end for a junior, 75-100% for more senior non-CFO level. Barring 2008 situation bonuses should not be volatile for an ops position for a fund this size
I would not go back office at a HF…I mean, I wouldn’t go back office anywhere tbh because it is low-paying and not my style. But especially at a HF because I think most would just take back-office to try to work into front office, and at a HF I still have not seen or heard a single story of that happening.
That being said, you should ask for further clarification. But also consider the exposure - since the business is all about credibility/track record and name on the street, a smaller fund with a more prominent role may be highly positive (like say Blankfein breaking into GS hierarchy or Dimon’s trajectory through Wall Street). Essentially, weigh up the big fish in small pond vs small fish in ocean kinda thing
You’re a fucking moron
Idk what you read, but the poster asked about BO bonus structures, not your opinion on working in BO.
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