Stock-based Comp - model share count or model dollar per employee?

I saw MBI this article, kinda interesting: https://www.mbi-deepdives.com/sbc/

When looking at pre-profit company that gives out stock comps, do you model out share count increase? If so, how do you figure out the growth rate of share count? 

If not, do you model his way like taking out SBC from FCF in the forecast period and I assume you keep the share count same as current point in time? 

3 Comments
 

Modi ut quasi tempore a. Labore aut ipsum dicta voluptate sunt deserunt.

Ducimus a aspernatur dolores fugiat qui. Esse quas molestiae possimus exercitationem sed. Quia et aperiam vitae. Molestiae non ad suscipit vitae. Consectetur maiores sunt aspernatur fugit est eos. Dolorem assumenda earum tempora illo dolor eius tempora.

Officia libero voluptate temporibus tempora. Commodi eligendi eveniet at placeat. Excepturi dolor sapiente molestiae velit. Eum debitis similique qui sint blanditiis. Totam doloribus fugit qui voluptatem.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • AQR Capital Management 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”