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

  • Investment Analyst in HF - EquityHedge
Jan 28, 2022 - 8:34am

$500k base...?

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:

Facere ut illum itaque sapiente. Dolorem deserunt recusandae est distinctio id fugit saepe. Nostrum fugiat consequatur numquam esse id nesciunt molestiae.

Qui temporibus animi dolor quia facere. Aut veniam autem animi repudiandae eos dignissimos qui temporibus. Laudantium placeat voluptate ratione ad rerum excepturi quo suscipit. Delectus minus recusandae id eaque. Occaecati consequuntur assumenda qui officia possimus velit laudantium rem. Ut enim quis aut aut dolores doloremque porro.

Start Discussion

Career Advancement Opportunities

May 2022 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.8%
  • AQR Capital Management 96.7%
  • Citadel Investment Group 95.6%
  • Two Sigma Investments 94.5%

Overall Employee Satisfaction

May 2022 Hedge Fund

  • D.E. Shaw 98.9%
  • Magnetar Capital 97.8%
  • Blackstone Group 96.6%
  • Two Sigma Investments 95.5%
  • Citadel Investment Group 94.4%

Professional Growth Opportunities

May 2022 Hedge Fund

  • D.E. Shaw 98.9%
  • AQR Capital Management 97.8%
  • Point72 96.7%
  • Citadel Investment Group 95.7%
  • Blackstone Group 94.6%

Total Avg Compensation

May 2022 Hedge Fund

  • Portfolio Manager (8) $1,718
  • Vice President (20) $488
  • Director/MD (11) $434
  • NA (5) $306
  • Manager (4) $282
  • 3rd+ Year Associate (22) $276
  • Engineer/Quant (57) $258
  • 2nd Year Associate (28) $241
  • 1st Year Associate (71) $192
  • Analysts (209) $175
  • Intern/Summer Associate (19) $124
  • Junior Trader (5) $102
  • Intern/Summer Analyst (225) $84