What would be a market comp package for an analyst at a single manager:
-AUM: between $500M and $1Bn
-Current headcount: 2 (I would be 1st new hire to make it 3)
-Location: South-East
-Strategy: Concentrated, long-bias
-Background: 6 YoE, last 3 have been in PE
What should I generally expect for base/bonus? Would I likely get a PnL cut or formulaic bonus calc? What would be reasonable to ask?
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Based on the most helpful WSO content, here's what you need to know:
Market Comp Package for an Analyst at a Single Manager Hedge Fund
General Expectations:
Base Salary:
Bonus:
PnL Cut or Formulaic Bonus Calculation:
PnL Cut:
Formulaic Bonus Calculation:
Reasonable Requests:
Additional Considerations:
By focusing on these elements, you can better position yourself to negotiate a fair and competitive compensation package.
Sources: base/bonus 1st year analyst at HF, What to pay attention to when signing a contract?, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, Citadel Equities analyst terms, 2019/2020 Corporate/Commercial Banking Compensation
300-450k. I’d go for 200k base plus 2-3% of the fund.
basically this, heard a couple others get around the same as early hires
Interested
I’m at a bigger SM, 1 YOE previously in banking, and received an offer representing 475 all-in my first year.
Can you pm
Going to a SM HF in that size range. Did 2 years IB + 2 years PE; expecting range of $300-$400k first year which is fully discretionary but in non-NYC city.
Comp various significantly dependent on a ton of different factors, but would make sure PM is generous with the other person working there. Comp structure various as well. The larger, more established SMs will pay $450k+ first year.
Bump
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