Coatue worth it?
Sounds like culture can be tough, but returns/rep/connections/comp must be enough to compensate? Feels very rare for someone to turn an offer down there and trajectory is good if you can move up
Sounds like culture can be tough, but returns/rep/connections/comp must be enough to compensate? Feels very rare for someone to turn an offer down there and trajectory is good if you can move up
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What is this point of this post? What are you a fucking college student?
this guy claims to be on the buyside but drops pretty ridiculous statements on wso daily
Very good seat. Would put them at the bottom of the big tiger cubs (Tiger, Lone Pine, Viking, D1) on stability / reputation / culture, but that’s not really a huge knock against them.
They don’t pay people well, it’s a terrible culture, and therefore have a hard time holding onto people. Just the truth
also agree with the above - OP why do you care? You've been on WSO for 12 years. You're an event driven PM. Why does it matter??
They pay 2+2 $1mm guarantees. Where else is better?
you're not thinking about comp when you're a senior analyst / older than 27...
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.
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.
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
Depends on alternatives (of course) but hopefully the answer is no
if you want be walking on eggshells 24/7 and are fine with getting screamed at on a whim, then go for it.
Pay is great at entry, like people have mentioned, but it doesn't scale at all as you move up the ladder (both for privates and publics). Why do you think there's been a mass exodus of senior people from the firm... lol
Anyone got current thoughts on D1 pay
Yes it's $800k out of PE / 1.2mm / then scales
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