Compensation at Long Only Fund
I wanted to gauge what the compensation would be like at a long only fund. I couldn't find information anywhere for this particular fund, but I'll say that they do hire undergrad on occasion. I have a little over a year of experience at a non-Asset Management finance role at an institution that would be considered prestigious, but not a traditional bank. Internship experience in the alternative investment space.
The fund is located in Asia with an AUM of ~5Billion USD--15 to 20 Analysts and sector specific. The fee structure is a bit unique as well. My compensation was in the $65-75k range in total and I should come up with a number soon when the question pops up. Any help would be fantastic. Thanks!
x-post from reddit from today even
"i work at a long only shop, about $1B under management. i'm the junior guy here, my comp is mid 100k's. the two senior analysts make mid 300k's. bonus adds to that, and is really dependent on our performance relative to our benchmark."
Damn I'm too new can't post links yet. I need bananas. head over to /r/finance and the title of the post is "Expected compensation for long-only financial analyst?"
Thanks for the reference, I found the post. Knowing my previous salary, and the fact that I'm not coming from IBD, is the jump to low 100s all in (say $120k) unreasonable?
Reddit is a source of finance data now too? What in the what.
If we wanted data from Reddit, we would be on Reddit and not WSO, gtfo of here with your weak anecdotal evidence
Yeah the reason WSO is so popular is because all statements made here are given by experts, with statistically significant sample sizes and cited sources. Who would ever take advice from an anonymous internet website like Reddit?
Have to be real, the average level of intelligence on the Reddit value investing sub is quite a bit higher than on WSO.
Compensation for Long Only Fund (Originally Posted: 02/13/2015)
I wanted to gauge what the compensation would be like at a long only fund. I couldn't find information anywhere for this particular fund, but I'll say that they do hire undergrad on occasion. I have a little over a year of experience at a non-Asset Management finance role at an institution that would be considered prestigious, but not a traditional bank. Internship experience in the alternative investment space.
The fund is located in Asia with an AUM of ~5Billion USD--15 to 20 Analysts and sector specific. The fee structure is a bit unique as well. My compensation was in the $65-75k range in total and I should come up with a number soon when the question pops up. Any help would be fantastic. Thanks!
When I started on the buy side straight out of undergrad my comp was 60k salary + 10k performance bonus + 5k relocation + ~10k profit share, so 85k. That was a few years ago though so probably higher now adjusted for inflation. I was in the U.S. so not sure how these figures would translate to Asia.
@"models_and_bottles" Can you give us an idea of how your comp has changed over time?
Made 85k my first year, in my fourth year made 125k. My sense is I was starting to be significantly underpaid in my fourth year (I received superior performance reviews for 3 of the years and was getting a lot of recruiter calls). Had I stayed at the same firm for a 5th year my comp would have been 150-160k, but I elected to get my MBA instead.
Thanks for the info @"models_and_bottles" - very helpful. Was this nyc or another market? Did you interview at all to see what kind of opportunities were out there when around the same time you went back for MBA? Are you in school now or back in industry?
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