To all you freshmen HF comp fanatic losers...
Go grab your lotion & tissues, this is gonna be a good one! The highest paying HF seats are where there's the highest AUM to IP ratio. In other words, high AUM low people. It's no surprise that the giant Tiger cubs are the one's with the highest ratios, but I'm pretty sure Tiger Global is like damn near $3bn per IP. None of you guys will be working there, BUT...WAIT FOR IT...the analysts who do work there in a good year probably make what your net worth will be when your 50, but in a single year. Average person on this forum will probably be worth $4-5mm by the time they're 50 considering inflation, plus were talking the world of HiGh fInANcE...
From what I've seen, comp is proportional to AUM:IP. Probably $2-3mm for analysts for the sub 1bn-500mm ratio funds, and then less and less as the ratio decreases. Comments, questions, concerns? Hope that satisfied all the freshmen on here...NOW PLEASE STOP ASKING ABOUT COMP EVERYDAY
Alternatively, you choose to click on those threads knowing what they're about. Would be the same as if you clicked on the "rank BBs/EBs" threads or the linkedin posts thanking people for the opportunity to apply. At that point, if you click on it and get pissed, its because you're looking to get pissed on purpose.
People like this are going to be around no matter what stage of your career you're in. Think about all the analysts in your class who were like "oh it'd be totally sick to work at x fund, the founder is such a legend of the industry" and the guy has no idea what this fund does. Think about all the Rx kids (and even MF guys) who exist to go to a distressed fund and then flame out after a year at Silver Point when they finally realize that these funds are not as badass as WSO makes them seem. At some point you just have to ignore and focus on yourself right.
I mean shit, I know MDs who borderline fetishize their clients in private, when they're not even in front of them.
"Yeah dude, these are guys are so sharp and just crazy smart" "Yeah dude, these guys are absolute animals"
Yeah dude, these animals have averaged negative returns over the last 5 years and haven't hired you in that period.
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Indigenous Persons. It is a key ESG criterium for many LPs.
How much do you think a partner at Tiger global makes?
bout tree fiddy
Currently starting out in the industry and am not nieve enough to think that I'll be making 7-8 figures in the next 5-10 years. I'm curious as to what a reasonable comp expectation would be for credit funds with $1-5 Bn AUM.
My expectations are to be sub $200k for the first 1-3 years (potentially sub $100k in years 1 and 2), maybe be at $200-250 in years 4-5, and then anywhere from $250-500k for years 6-10. After 10 years I'd like to think I'd have a shot of pulling in more than $500k but am not sure whether even getting to $500k in comp is realistic for 40-50% of people in the industry.
Are these unreasonable assumptions?
Your expectation is more or less spot on if you are doing "well" for the first 10 years. If you survive past 10 years, you'll have a chance at over $500k. If you are still in the business at that point, you are almost certainly in a risk taking or decision making role at a fund.