Those in hedge funds / trading houses, what was your compensation progression?
Would appreciate some insights into comp progression for roles:
Base/Bonus/Variable Comp
| +20 | Best Non RX Sell Side seat for Opportunistic exits? | 13 | 1d |
| +19 | Post HBS hedge fund opportunities | 4 | 2d |
| +18 | Left industry… can i return? | 5 | 36m |
| +10 | MF to Smallish HF? | 2 | 5d |
| +10 | How would you transition a long-only book into L/S? | 1 | 2d |
| +10 | Headhunters for SF HFs | 2 | 23h |
| +8 | Brain fog and feeling overwhelmed in HF land | 5 | 16h |
| +7 | Thoughts on situational awareness | 3 | 6d |
| +6 | How to Learn Programming? | 2 | 5d |
| +2 | hbs vs gsb | 3 | 1d |
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Y1: $56k/6k = $62k
Y2: $58k/7k = $65k
Y3: $97k/25k = $122k (switched jobs)
Y4: $102k/34k = $136k
Y5: $105k/55k = $160k
Y6: $105k/$150k = $255k (switched jobs)
Trader
He asked for "high-finance"
12 yoe, 10 yoe buyside
Total comp
Yr 1-4 = $250-600k
Yr 5-8 = $1-3m
Yr 9-10 = $7m / $300k
Year 9 was top decile year. Year 10 was terrible.
As you can see, wasn’t in a HF early on…
Yr1: $45k
Yr2: $55k
Yr3: $75k
Yr4: $105k (switched jobs)
Yr5: $125k
Yr6: $160k
Yr7: $250k
Yr8: $375k
Yr9: $600k
Yr10: $850k
Yr11: $1.4mm (moved to a lot more PnL based)
Yr12: $2.2mm
Yr13: $1.8mm
Yr14: $5.5mm
It’s a combo of luck and skills (although I do believe you can make your own luck in a way). As you can see, my career was a bit of a grind and I didn’t get to the big $$ until later. Outside of being good at your job (obvious…) when I was breaking in I 1) always asked questions and tried to learn as much as possible 2) never had a job that was “beneath me”, I jumped at almost every opportunity possible and 3) I found mentors that were going to help me (and show me where I was struggling) but also advocate for me and give me the opportunities I wanted. Honestly, having struggled early on made me much more driven but also didn’t make me scared to fail, and I think that helped.
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Ops at Credit Suisse
bro is warren buffet