L/S HF new hire compensation

Know a lot of us are going into comp discussions at new firms. Thought it'd be useful to spread numbers here.

Model: MM / SM -- sector specialist / generalist

Location: NYC / Palm Beach / Remote

Seniority: PM, Sector Head / Jr PM, Analyst, Jr Analyst

YoE: # of years of professional experience

Previous buyside experience: # years as PM, analyst

Previous sellside experience: # years of IB / ER / S&T

Deal terms: (if relevant) GMV, % payout, risk parameters

Ancillary terms: signing bonus, moving expenses

Coverage size: # names, sector

Comments (25)

  • Investment Analyst in HF - Other
Jan 23, 2022 - 10:52am

BUMP, OP can you share yours? I can share in a few days or weeks lol

  • Intern in AM - Equities
Jan 27, 2022 - 3:11pm

With coverage size of 50-60 names, in rough terms, what % are actionable/tradeable ideas vs watchlist names? Do you know top 20 cold and the remaining 30-40 you keep a model and up to date on story? Trying to figure out the level of detail one can keep with that many names.

  • Investment Analyst in HF - EquityHedge
Jan 23, 2022 - 5:14pm

Model: SM

Location: East Coast

Seniority: Analyst

YoE: 4 YOE total

Previous buyside experience: 2 years in PE 

Previous sellside experience: 2 years before PE

Deal terms: 450K all-in

Ancillary terms: 10K moving, 20K signing

Coverage size: Generalist

  • Investment Analyst in HF - Other
Jan 23, 2022 - 5:37pm

how big is your fund, and do you get any carry or is bonus completely disc? Also have 4 yoe, just started at my shop (l/s sm, ~$7bn), all in comp will end up at around $425. If your fund does great this year, is your comp capped at 450k (since your new), or do you think you'll see some upside to that? I hope i will lol

  • Research Analyst in HF - Other
Jan 23, 2022 - 5:22pm

Model: MM / specialist

Location: NYC 

Seniority: Senior Analyst/Jr PM with carve-out

YoE: 4

Previous buyside experience: None

Previous sellside experience: 4 years sell side

Deal terms: $150K base, nets out to ~13% PnL with some adjustments.

Ancillary terms: N/A

Coverage size: 20 names in a TMT sector

  • Investment Analyst in HF - Other
Jan 23, 2022 - 5:38pm

curious -- sell side exp in er or ib? sr analyst / jr pm that fast seems impressive good for you. How big, ballpark, is your carve out?

Jan 23, 2022 - 11:43pm
Walker2020, what's your opinion? Comment below:

Model: SM -- generalist

Location: NYC 

Seniority: Jr Analyst

YoE: # 1.5

Previous buyside experience: 0

Previous sellside experience: 1.5

Deal terms: N/A - $125k base

Ancillary terms: N/A

Coverage size: 40-50

  • 1
  • Prospect in HF - EquityHedge
Jan 28, 2022 - 12:04am

Model: SM - Sector Specialist

Location: NYC

Seniority: Analyst

YoE: 4

Previous buyside experience: 4 years PE (MF analyst program)

Deal terms: $500k base

Coverage size: Tech crossovers

Jan 29, 2022 - 6:29am
TheBuellerBanker, what's your opinion? Comment below:

Wow base seems awfully high. Good for you definitely but the first time I've seen a comp like that for base anywhere in high finance..

  • Prospect in HF - Other
Jan 31, 2022 - 2:06pm

Model: SM -- generalist

Location: London

Seniority: Analyst

YoE: 2 

Previous buyside experience: 2

Previous sellside experience: 0

Deal terms: £60k base + discretionary bonus (15-40% of base)

Ancillary terms: na

Coverage size: #41 names - generalist 

Mar 1, 2022 - 6:46am
LeveragedDrunkout_1, what's your opinion? Comment below:

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  • Analyst 2 in ER
May 1, 2022 - 8:32pm

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