Joined a HF straight out of college. Single manager roughly 4B in assets with a lot of inflows coming. Roughly 10 of us on investment side.What are expectations for junior level comp?Full transparency - I make 100K base and bossman said to expect a 100% bonus year one . Also have bunch of other perks like profit sharing on 401K, co invest in fund, etc.My real question is for those of you in similar spots what's the comp ramp like between say years 1-5?
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Hi Investment Analyst in HF - EquityHedge, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
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How’d you get this cool gig?
Im curious too
You are getting $40-80mm in mgmt fees alone across 10 investment heads. If you guys do 10% in a year, that should add another ~$80mm of comp
How does that get split up? I always assumed GP would take at least half so $60-80mm across 9 folks? Maybe two PMs that pull $10mm+? That should leave a few million for jr analysts. I guess early 20s and new guys should be comped to banking though given they wont add value for a few years
That's what I was thinking. Banking like comp until you're a real value added and then you can get tied to your P&l. Have some mid level analyst doing like 40-70M in p&l
Are you at a multi-manager? I assume then between the multi-manager cut and the PM cut you are down to 25% of the P&L
I think usually you can get a few shadow points as an analyst if youre good but with a PM and multi those are probably skinny
Expect bare minimum to keep you until you've proven to be a consistent value-add and profit generator at your fund (aka you've shown you can consistently generate profitable ideas)
Any more details on your shop?
West Coast fund, 4Bish, been up good amount past few years, 10-12 people in total including trading and back ops, family office of a extreme HNW person. L/s
It being a family office could mean less comp progression over the long run (generally more stingy with handing out bonuses). But low # of investment professionals could make up for part of that stingyness
sansome partners?
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