Macro Analyst Salary at a Platform
Hey everyone
I was hoping someone could give me a salary range for an analyst role for a macro strategy at one of the platform HFs, i.e. Graham, Millennium, Caxton, etc. I have worked at small macro firm for past two years and am pretty close to accepting an analyst job at a large macro platform. They are asking what my desired salary and full year comp are and I want to just be in the right range.
Responsibilities would include fundamental macro analysis at the country level, asset class specific research some econometric research and modeling. Any help is very much appreciated. Kind regards.
Sounds like a pretty sick job. I'd say 150 base 0% - 200% bonus depending on firm-wide performance and the PNL agreement that the PM has struck with the management company....
Hey KevinNYC,
Thanks for your reply, that really helps. If anyone else agrees/disagrees with these figures, would also appreciate the feedback.
I can't help you, but I will be very interested by the salary they offer you. 150 base is huge ! What is your background ? Phd or just a Msc in econ ?
I dont think 150k base is close to right. I work at a large multi-manager macro fund and we pay analysts who are out of undergrad BELOW what the street pays sell-side analysts. Same goes for analysts with limited experience (ie they werent senior people at their previous jobs). If you have two years experience I would expect to be paid in-ine with a second year analyst on the street, maybe less or maybe more depending on whether they actually value your experience. And as an analyst at one of these places prepare to jump into the shark tank my son..
I didn't even know that well-known macro funds hire undergrads.
I work at one and they do. If the OP has been to graduate school and has 4 years of experience as opposed to two then I think the 150k figure sounds right.
Bondarb, is it as bad as that? Better to work on the sell side for a few years and then jump in as a PM rather than duke it out with the other analysts?
He's had two years of experience at a small fund.. What's your base right now? All in comp? 130 sounds right...
Thank you Bondarb and all,
I really appreciate the feedback. Just to clarify, I worked in corporate finance for two years, then went to graduate school for economics at an Ivy leage and then worked for a small macro fund for two years.
The small macro fund paid me 100 but no bonus despite having some sound macro calls that were timed very well. Of the eight calls (i.e. writing an official macro research report to the PMs and suggesting a specific financial instrument to express the thesis) seven of them offered great risk adjusted returns (10% to 50% before taking trade off, usually one to three month horizon) and the eighth was simply flat (an RV ETF trade). I suppose this underlies why I am looking at other roles, because I have confidence in my abilities and wanted a share in the upside (or simply a bonus) as opposed to just base.
Thanks again for your feedback.
Yeah at least 120 with your background.
Understood. Thanks again everyone for your feedback. I really appreciate it.
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