I currently have an offer to work at a mid-sized hedge fund ($2-3B AUM) as an analyst. For context, I graduated from a target school in 2014 and have been working at a BB since then. The offered base is $100K with no visibility on the size of the bonus. My sense is that this is below the "typical" range for a first year hedge fund analyst coming out of banking, but would appreciate any informed opinions. Thanks.
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I don't think this is atypical depending on the size of the bonus.
Do analysts going to hedge funds out of 2 year banking programs usually negotiate their starting salaries?
Most people I know were $100-125 after banking. I knew on that was $150 but it was a startup - employee #2 so he had to be compensated above street. Based on the size of fund described, I would venture you see 1-2x base for your bonus. Wouldnt worry about it
HF bonuses have a much wider distribution than PE. I knew kids that were anywhere between $50 (bad year) and $225 (good year) for first year bonus depending on fund performance.
Great, thanks for the color. I guess a $10-20k delta in the base isn't very meaningful when the all-in is $200-300k.
Base is standard - all you get in guaranteed comp is what you need to cover living expenses in a major city. Some minor variability but it's all about the variable component. Expect that to...vary.
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