HF Comp Out of IB - Current Figures
Does anyone have numbers on current base / bonus rates for HF analysts out of IB programs (1-2 years out of college)?
Since HF pay is less uniform than banking / PE gigs, it'd be useful to collect some data points.
Given the variability in HF pay, it would be great if you could include AUM / fund size as well as a description of the fund if possible (single vs multi manager, long vs long/short, etc) so we can get a sense of what the current figures are like across the board.
Bumping this - anyone have any input?
I am not currently on the public side, but interviewing for public side roles. I'm going to be honest, I've reached out to a lot of friends at HFs and the ranges are absurd. Did my best below:
SALARY
BONUS
All of this is through informal conversations with friends and varies with geographic location, fund size, and most importantly fund performance. I hope somebody in the industry, especially with a few years of experience, will chime in to add some thoughts. Hope this helps!
Very helpful, thanks for the input!
Does anyone know if the tiger cubs / top l/s funds follow bonus structure 1 and 2? Or would 3 be more common
Anyone have numbers for roles after 1 year of banking?
Just a reminder that we have a Hedge Fund industry report with hundreds of data points (actually thousands now) of HF compensation...
And you don't have to pay or get WSO Premium to access it...all you have to do is contribute to the database (salary from an internship or interview insight from any interviews you had) and you get 1 week (for intern submissions) to 1 month (for all others).
Good luck! Patrick
i would read sumzero comp report. if you worked at an elite bank (e.g., like Laz / evercore / ms M&A) then assume you get 80-95% percentile on the report or above. so first year, you should make $200k for 80th percentile and maybe 300-400k for 95th percentile.
First year Probablt in line With PE. Second uear more variable. If you’re at a 10bn fund that’s up 30% you’ll probably make 1mm. If up 10%, maybe you’ll make 400-500k…again in line with PE. So downside is PE or slight discount to PE, and upside is many many multiples, and upside goes up a lot as you become more senior. This is for the best funds, though.
Lol 10% up is not the downside case. Tons of good HFs are barely up or negative this year. And few will pay a 2nd year out of banking 1MM. Only the best shops and only if either you or the firm totally crushes it.
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