KKR/APO/BX vs. Tiger Global

Alright given the fact that there is minimal information on here regarding this topic, I think there should be a thread started to provide a bit more color regarding the top MF (APO/BX/KKR) and the top SM (Tiger Global). Why is it that so many associates leave the aforementioned MFs for Tiger Global? Given the fact that APO is the highest paying firm out there and there is a clear path to partner, are the economics at Tiger Global really that absurd that associates are leaving? Like what is the comp trajectory at Tiger? I keep hearing that they pay their late 20 year old/30 year old analysts eight figures. Is this true or simply merely rumors? 

Comments (46)

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  • Analyst 3+ in HF - Other
6d

Yeah. The economics are so fucking good man. Like if you're down >50% on the year, you're getting paid $10m. Amazing right? My buddy lost >10% on big notional at another big SM and got fired but now he moved to tiger and holy shit he's getting paid 50x more than he did anywhere else. And he's losing even more money. It's like a utopia where you get paid to exist no matter returns right? What an awesome place this holy grail called Tiger.

Seriously- are people so fucking detached from reality into thinking 7 fig comp comes so easily?   

5d
megafucks123, what's your opinion? Comment below:

I mean based upon management fees alone, they manage 125bn across public and private strategies so you can see how the economics works out for 7 figure payouts in down years. Is this shop just single handedly the outright ticket to unfathomable wealth??

  • Intern in IB - Cov
3d

I don't think they're eligible for the management fee until they hit their highwater mark

  • Associate 3 in PE - LBOs
5d

here are rough numbers

You go through 3 year bx analyst program or do 2+2 ending with apollo associate 

then get golden ticket to tiger

first year = 500k-700k

Generally over next few years +50/100k 

after 2-3 years and you start making public pnl or running substantial deal processes on privates then you will see 750-1mm range and are mid/ late 20s

by the point you have worked 5-7years and become a partner / early 30s - there is pnl linkage and sky is the limit. You can do 1mm - 10mm+ depending on where rates go

  • Research Analyst in HF - EquityHedge
4d

here are rough numbers

You go through 3 year bx analyst program or do 2+2 ending with apollo associate 

then get golden ticket to tiger

first year = 500k-700k

Generally over next few years +50/100k 

after 2-3 years and you start making public pnl or running substantial deal processes on privates then you will see 750-1mm range and are mid/ late 20s

by the point you have worked 5-7years and become a partner / early 30s - there is pnl linkage and sky is the limit. You can do 1mm - 10mm+ depending on where rates go

I turned down an offer from there. These numbers are not correct. 2019-2021 were abnormal years, but comp was much higher. 

  • PM in Non-profit
3d

What would you turn down TG for today? Would appreciate some names, thanks!

Also could you comment on relative comp levels and how it's structured at analyst vs PM/partner at these funds?

  • VP in PE - LBOs
3d

Any idea how big two sigma and shaw's fundamental teams are (aum-wise)? Surprised to hear they're attractive, would imagine that they're miniscule efforts compared to (and take a back seat to) the firms' bread-and-butter systematic/quant teams.

No clue but if helpful none from my firm have gone there yet, only interviewed. Agree with your overall assessment but I think brand name matters a lot to ex-PE colleagues looking for better work-life balance. Even if it's not front and center to the quants. Long-only shops are usually good spots too but I'm guessing seats are limited given the current macro now for the likes of Fidelity, Capital Group, and Wellington.

  • Analyst 3+ in HF - Other
2d

I don't know about two sigma but Shaw is no more just a quant shop. Their AUM is spread  across so many discretionary strategies and l/s is just one of them. That's aum. Maybe the returns all come from the quants and everything else sucks cause I've never seen PE guys shooting to work for them. but I come from the "tiger is god" days.

  • Associate 2 in PE - LBOs
3d

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  • Associate 2 in PE - Other
11h

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