Market check on compensation

I work at a long-biased fund that gets paid on relative performance to a benchmark. Because job is somewhat more stable, total pay is correspondingly lower vs hedge fund peers. About 6-7 years of work experience, few years on the buyside. Would love to get a sense for what others are getting paid or if there is a compensation report, guess everyone is feeling a little underpaid right now but would love to get a sense for the market + whether I should be looking

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See below with the following survey characteristics:

  • 55% respondents with 5+ years buyside experience / ~15% 4-yrs / 10% 3-yrs / 9% 2-yrs / 11% 1-yr
  • 70% SM vs. 30% MM
  • 43% L/S equity / 24% distressed / 16% LO / 9% event / 8% activist & other
  • 42% >10b / 12% 5-10b / 26% 1-5b / 8% 500m-1b / 11% 500m
  • 43% of respondents had some deferred percentage of bonuses, with the median being 25% deferred

2021 total comp by years of experience (25th / Median / 75th)

  • 1-yr: 283k / 350k / 443k
  • 2-yr: 291k / 400k / 514k
  • 3-yr: 317k / 458k / 641k
  • 4-yr: 350k / 534k / 905k
  • 5-yr+: 525k / 815k / 1.5m

2021 total comp by AUM (25th / Median / 75th)

  • 500m: 325k / 525k / 888k
  • 500m-1b: 300k / 500k / 750k
  • 1-5b: 350k / 565k / 1.0m
  • 5-10b: 375k / 675k / 1.35m
  • 10b+: 422k / 645k / 1.02m
 

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