HF SM Analyst Comp ($2-3B AUM)
Recently was fortunate enough to receive an offer from a $2-3B SM that I’m really excited about. However was slightly disappointed to find out that total comp is ~$275K, which is a huge haircut from UMM / MF PE. Was wondering if this was typically for funds of this size or whether I should / could negotiate? Want to do public markets but not sure that it justifies leaving $75-100K on the table
How many YOE including PE / IB?
Wrapping up 2 years in IB, so comparing this to IB or PE associate pay
I don’t think it’s that bad then as you’re likely giving up some immediate cash for a faster ramp if you do well. MF / UMM PE scales linearly through the Associate years so no real upside opportunity for a higher baseline.
As a datapoint, PE associates (2-4 years of experience after 2 years of IB) get anywhere from $400-800 at bigger HFs for their first years so you’ll get to those levels in a couple years.
Well you haven’t done PE yet and similar to what the other guy said, think about what your comp might be 2 years down the line instead of now. If you like the PM and strategy I’d take it, I don’t think it’s very easy to land the type of seat you have in the current market.
That's reasonable for year 1 comp on the buy side. I'm gonna pay my associate (also y1 buy side) about that much on my MM team. Year 1 comp is completely irrelevant to your career earnings if you are good at the job.
Agree for MM, but plenty of SMs have a fungible layer of juniors that have no real path to increasing comp or seniority and that works because people underwrite Year 3+ and so you can get 2 good years out of people before expectations correct. Not all funds, just some. If it’s a solid rep with low turnover and former analysts have landed at credible places should be fine.
I'm more into the MM world, but I know a buddy of mine got $250k total comp at a similarly sized SM after 1.5 years in IB
that's pretty much market for 2 YOE, range is $250k-325k. they'll probably throw another $25k if fund has a decent year
Does the fund churn junior analyst model monkeys? Or is there reasonable line of sight that performers grow? It seems low - but OTOH you’ll be ramping that year and probably a cost center
Magnam laboriosam sunt minus error. Earum laboriosam voluptas reiciendis magni nostrum. Ea dicta aut recusandae eum. Illum odit sed aut fuga autem commodi.
Asperiores sint nihil voluptas inventore sed. Nulla quaerat voluptatibus tempora eum. Sit voluptas dicta perspiciatis commodi quia eaque sit doloribus. Temporibus nisi sapiente inventore eos fuga. Et rerum quisquam iusto voluptatum quis aperiam sit. Quaerat itaque omnis consequuntur suscipit dolorum culpa. Deleniti harum quam voluptatem et vero ducimus ipsum.
Omnis sunt non voluptates. Voluptates accusamus incidunt molestias.
Earum ducimus suscipit dicta dolorem dolore quos autem sunt. Accusantium et dolorum aut. Explicabo nihil animi quas quo. Vitae officiis sed voluptas vitae. Voluptas consequatur soluta magnam nihil impedit.
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...