ECM book comp?
What kind of comp is expected for someone just managing the ECM book capturing free money from IPO allocations/placements, monetizing firm relationships and commish spend?
Trending Content - Hedge Fund Forum
| +73 | How much of success in this career is just luck | 14 | 1d |
| +28 | Would you work at this distressed fund? | 6 | 5d |
| +25 | Choosing a Seat in an AI World | 18 | 1d |
| +21 | At what point is it no longer luck | 16 | 6h |
| +13 | IB -> HF | 3 | 2d |
| +12 | Hedge Fund Sector Advice | 5 | 2d |
| +10 | Data science at SM | 5 | 4d |
| +10 | MF to Smallish HF? | 2 | 10h |
| +9 | How to pivot into HF, L/S | 2 | 2d |
| +7 | Covering less deployed sector | 2 | 5d |
Career Resources
Based on the most helpful WSO content, compensation in ECM (Equity Capital Markets) varies by role and seniority. For someone managing the ECM book, likely at a senior level (e.g., VP+), the compensation structure typically includes a base salary and a significant bonus component tied to performance metrics like deal flow, IPO allocations, and client relationships.
Here’s a breakdown of average total compensation for ECM roles:
These figures include both base salary and bonuses. Bonuses in ECM are often influenced by the success of IPOs, placements, and the ability to monetize firm relationships effectively. While the "free money" from IPO allocations and commissions can be lucrative, the actual payout depends on the firm's performance, deal volume, and individual contribution to the book's success.
Sources: Investment Banking vs. Capital Markets - How different are they?, Investment Banking vs. Capital Markets - How different are they?, How are JPM PE exits, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii, ECM Exit Opportunities
There’s no such thing as a “book” lmao. Maybe for shitty comanager roles with 1-2% econs that are simply a mechanism for corporates to pay their banks. You have to pitch for IPOs. That’s a lot of work
whay are you talking about
theres ECM books at all funds thats what OP is asking about
Darling he isn’t talking about an investment banking operation you noob lol. He’s asking about ECM HF strat
Yes! Anyone?
Eos facere quia et et et. Ut voluptatibus quam qui aut et. Quibusdam et eligendi quo. Occaecati a facere quo sed in amet.
Qui delectus provident ullam autem sint. Maiores praesentium aut voluptates sunt. Est et nam id. A earum numquam ex eos in vitae in esse. Eius ut sapiente minima sint autem quis est. Sit asperiores rerum dicta voluptates occaecati dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...