For investment associate (or even IE, which seems comparable)
Looks like the internship pays about 50k, so maybe around ~300 TC for first year? If it scales similarly? Just curious on some color, deciding between a few offers
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You have an offer from them and they’re not giving you a year end ballpark?
Seems he got an internship offer
400 tc y1
they say it scales faster than prop tho who knows if that’s true
source? i don't think i put much stock into this figure. from my peers, IE is around 250tc y1. i don't think IA would be that much higher than IE, though i do think it would be higher
ie/ia is identical; last year was 250 but they significantly increased it
I started this week
higher than most MF PE ASO2...damn
Lmao it’s not 400. U guys wish lol
400 isn't even above market vs prop
this year’s interns got 400k
More interested on the comp ceiling at a place like Bridgewater compared to the 1st year salary. If you aren't directly impacting investment decisions are there even terminal positions there or are you shuffled out.
There are terminal positions there. Depends on your path (investment vs tech). You are shuffled out at the earlier levels but at a certain point you can’t just have “superstars” at every positions (you need people doing all sorts of work). This isn’t a pod shop, so there are many people who will be “mid level” researchers and stay for a while.
The range at the top is extremely wide and very fund performance dependent (especially in the investment roles).
What’s the top end, heard from alumn they really cap your comp but they also aren’t near the top.
Not wanting to get into specifics; but for average/good you get capped. If you make it to “great” (running large teams, senior investor with big portfolio responsibilities) it gets pretty high and lucrative ($3mm+) with a lot of variability.
Though their "great" asset class lead role is akin to running a business unit at a platform, where comp looks more like $10mm+ (with potential for a lot more with variability). The concentration of CIO take rate on total economics is definitely a lot higher at bridgewater than other firms.
Their strategy from the start has been hire unique folks that are unlikely to look elsewhere, make them sign aggressive non-competes and trade secret agreements relative to their actual IP exposure, silo people in the investment process, and then use it as a tool to pay less long run.
The interns and first years are correct to think the higher cash upfront is a trap...
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