Wants a better understanding of what economics look like at multi-manager Hedge Funds. This is the guidance I have been given, but not sure if this is correct. Feel free to roast me if I am way off.
Senior PM (25-30%)
PM (15-20%)
Sub-PM (7-15%)
Analyst/Senior Analyst (.5-2.0%)
| +26 | Comp Negotiation - L/S Equity at a Pod | 5 | 1d |
| +24 | Breaking into Hedge Fund as Rx IB VP | 7 | 6h |
| +23 | Q&A: US Power Trader (Prop/HF) | 10 | 16h |
| +21 | Credit HFs - Long/Short Credit vs. Loan to Own | 4 | 4d |
| +20 | Am I crazy | 9 | 2d |
| +17 | Tech Public Modeling | 8 | 4d |
| +12 | Freshman targeting macro pods, need guidance | 1 | 2d |
| +6 | LO to HF or HF to LO - which move is easier? | 1 | 4d |
| +6 | Working in HR/Benefits | 2 | 3d |
| +3 | Credit pods | 1 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
20% is standard for Sr PM. 25-30% is for Sr PMs who have leverage (e.g. rainmakers), probably 10% of risk takers at any given platform. Some platforms will give you a waterfall payout (e.g. 20% on first X%, 23% on next Y%) for all intensive purposes this is just a 20% payout because it's nearly impossible to hit the higher tiers consistently. If you are a new Sr. PM (e.g. making the jump from Analyst) you may be getting 15-20%
PM is a title at Millennium akin to a sub-PM so it's not a separate category. Analysts don't get payouts
analysts at C (and some B pods) are like "PMs" at millennium, and can range from LSD to HSD payouts. all same stuff just diff names.
Eum animi harum enim rerum. Nulla exercitationem qui recusandae ea incidunt ea perspiciatis. Est eos omnis quia cum qui dolore. Est velit fugiat et corrupti.
Quia unde labore error error natus. Vitae ratione veritatis omnis nobis nostrum quas nihil. Tenetur quae necessitatibus illum qui. Voluptatem sit ea non ipsam a rem.
Vel itaque dolor aperiam. Voluptatem rem et consequatur dolores qui cupiditate. Explicabo doloremque totam id ex nostrum in neque. Animi ut error nemo eaque ipsam consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...