Ruane, Cunniff and Golfarb Rep/Comp
Thoughts on Ruane, Cunniff and Golfarb for an internship and full time analyst position? Their investor day shows they invest through the main Sequoia fund in addition to 2 other hedge funds. Wondering what the reputation of this firm is like, especially after Valeant. Since they only charge a 1% mgmt fee on the sequoia fund and run it like a mutual fund(roughly $12 bill aum), what would be a new analyst’s comp? Looks like most of their employees end up working at the firm for a very long time.
did you apply and hear back for their internship program?
Great shop if you are into pure equity investing. Pay is very good and you should not be concerned about that at all. Very low turnover style which means culture/hours are amazing. It also means that things can be slow and don't expect to get names in to the book early. Overall, I would say one of the best opportunities out of undergrad IF you are truly interested in investing.
It is a great shop, not concerned about their style as it aligns with mine. Wondering how you know about the culture/hours/pay if none of that information is available.
Roughly how much is total comp and pay progression?
Young ones - get the job first and the rest will follow. No sense masturbating about comp and pay progression at this point. Trust me, anyone with a modicum of real interest in equities value investing would know RCG and not care about the details. Know that you will be taken care of. People would work there for free to learn. There's a reason turnover is so low and its not cuz people are making $200k at 35....
I dunno why you got MS. If I get RCG, I work for free and get the knowledge.
Yep exactly - but these interns are butthurt cuz all they want to do is jack off to theoretical comp trajectory numbers instead of actually focusing on the reality, and I’m not helping them get their rocks off, so that’s why MS.
Plz, theoretical comp trajectory doesn't make you rich, real performance / skill / good mentorship do.
I guess life is about growing up and becoming less clueless.
both of you sound like massive tools
"i would suck dick to work at RCG for free because i think that makes me a cool hardo"
real brainwashed...and you complain about other people being masturbatory...the lack of self awareness is astounding, even by wall street standards
What are you even talking about dude? No one gives a shit about rep and being a hardo - it's about becoming an actual better investor, and if you're in equity investing which it seems you are, you're a fucking idiot if you think it makes a modicum of sense to worry about RCG's comp trajectory vs. focusing on getting the internship and not giving a shit about comp. I can’t help you if you concur with the intern’s viewpoints, no ones changing anyone here if you think RCG is shit and we’re all brainwashed. Look to each their own, value investing is clearly not your style, go back to calling quarters at your pod shop cuz you sure as fuck aren’t at a value SM
lmfao thank you for this
Any comp data points? Would appreciate some color at varying levels -- analyst fresh out of school, then 5-10 years out. Thanks!!
Good luck finding comp data here lol
Would be curious to hear what angle people are coming from. My understanding is that although Ruane is an amazing firm and great branding, it’s not a great learning experience if you’re joining out of undergrad. Little structure with a lot of self-directed research, which isn’t a bad thing. But, if you’re completely new to investing (not counting anything in college as true investing), I’m not sure it’s worthwhile to be doing compartmentalized industry deep dives. I agree with everyone’s else points on culture - seems like they have great people.
From what I've heard, the type of students that are drawn to Ruane and what they select for in interviews are those that are extremely passionate and self-driven about public equities investing. The type that is more likely to be empowered by autonomy/less structure and see it as a pro, not fear it. That said, mentorship is of course a good thing. Given how tight-knit the firm is and alleged good culture, I'm sure people driven to seek out collaboration and mentorship from those more experienced can find a way.
Agree with the passion for public investing comment, but along with it comes a passion for learning. If you don’t feel like you’re learning at even the most branded of funds, then you’re going to leave.
From friends that have left RCG, I’ve also heard there’s some concern about fund underperformance over the last 5-10 years. Of course it’s nowhere near some other funds, but I’m sure LPs are aware of it and that’s something to note in today’s markets. My sense is that there’s broadly less tolerance for worse returns.
RCG HR got their alerts set huh
$2-4mm at junior level and $30-50mm at the mid level (late 20s) ?
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