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
Model: SM / generalist
Location: NYC
Seniority: Analyst
YoE: 4
Previous buyside experience: 2 (PE)
Previous sellside experience: 2 years sell side
Deal terms: $150K base, $500k all-in
Ancillary terms: leveraged co-invest
Coverage size: ~5-7 situations at any given time
Just want to say that this is will be an extremely helpful thread for many if it continues with this level of detail. Good idea OP.