26 Comments
 
Funniest

What is this point of this post? What are you a fucking college student?

 

Okay so a few genuine questions, both at a place like Coatue but also more broadly when thinking about seats - 1) why would that comp at Coatue not also scale? E.g., if it pays the best at entry level why would it also not pay the best in year 3, 5, etc.? surprised to see people say it doesn't scale or have good long term EV. Is this true at other places that pay well at entry level (e.g., all the classic 'top' funds people talk about on this site)?  2) If you could take an entry level job at a fund with good AUM / durability that pays ~1/2 of that and you know you can have job stability, would you take that over a place with double the initial pay like Coatue but no real stability? Assume you are holding other variables outside of stability constant like investing style / responsbilities etc.

 
Most Helpful
  1. Yes 95% of the firms you’re thinking of put a ceiling on your comp. A CIO with 25 years of experience doesn’t set up a SM to pay some 2+2 kid millions. Most SM CIOs would puke at the thought of paying a senior analyst $4M. The value accrues to them, not you. You haven’t met these people during bonus time. There is absolutely a ceiling on your pay, no matter what PnL you think generated. And the vast majority of CIOs are starting to pay people on alpha attribution, if they didn’t already - there are a million ways CIOs can justify paying you less than whatever you think you deserve. Very common scenario: you have a great year/put up a ton of PnL, fund does really well, you expect an 8 figure bonus yet end up with $3m for myriad of reasons. This is why you see tons of folks moving to seats with more structured payouts and direct alpha attribution. It’s not what you think it is, at all. Why won’t it scale? Because your a cog that can make a model and fancy memo. You’re replaceable. You have no track record. No carved out coverage. No sleeve. No PnL record. You signed up to be an analyst/do research/an idea generator, not an alpha generator. CIO will pay you as such (which by the way, is advantageous to you in bad/down years…)

  2. You’re not thinking about this the right way. I’d take a job working for someone that has truly mastered their coverage and has demonstrated success (by way of PnL and former analysts they’ve trained). Once you have a process / know what you’re doing / are ready to run risk, don’t waste time, go to a seat where you get paid formulaically.
 

You're an idiot if you think the firm with highest entry level comp = the best seat/highest LTV seat. I can name 50 funds that pay $600k-1m to juniors. No one cares and that's not a proxy for good vs bad seat. 

Ok since we're name calling I'll play. You're a fool if you think a junior can do much better on average starting at a fund without the capital scale & resources that Coatue has. Worst case you suck at picking stocks, pick up $1mm annually as a junior, and learn names quickly to try again at the pod model. Best case you realize you are underpaid for the P&L you can generate and go to Citadel to scale a sleeve into a $1-2bn book and then really get paid. If you think you can do better at a long only and work 15 years for a $1mm pay day, go do that. If you think you can earn 10% at a market neutral pod go swing for it. But most likely you'll get blown up and eat $200k base while the Coatue analyst is hireable with a better pedigree at Surveyor. You'd be a fool to think about reward without appreciating the downside risk that the SM model provides here... Coatue in particular given $1mm is quite generous for a fresh junior. Also, go ahead and name even 10 funds that pay $1mm. There are not 50.

 

You get a fancy Partner title in a few years if you're in the private side

 

if you want be walking on eggshells 24/7 and are fine with getting screamed at on a whim, then go for it.

 

Voluptate autem aut unde culpa aut. Alias placeat non voluptatem quo provident aut et. Numquam rerum sapiente soluta ipsum.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 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

June 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 (76) $192
  • Analysts (242) $181
  • Intern/Summer Associate (28) $146
  • 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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”