Typical Large Fund Long short Comp after 2 as analyst?
What are some data points on pay after 2 years? Think Darsana, Coatue, Baupost type funds for someone out of banking or a PE analyst program.
Trending Content - Hedge Fund Forum
Career Resources
Caught up with a bunch of the guys lately, every single one who went pod route out of PE / banking made more than the guys who went to funds you mentioned (or similar). Pods pay a lot more (obviously with the variable being comp is tied to perf which is tied to PM skill), but those SMs don’t pay nearly as well as everyone thinks / founder and very sr partners control basically all the economics
You’ve all been painted a very incorrect picture w/ SM comp lol
Every single person that went the pod route out of my banking / PE class is now out of a job / decided to go corporate after bouncing around. It goes both ways
So forgive my naiveness - I’m new to finance from medicine. My goal is to go to a HF.
Why would these seemingly smart and rational people make this kind of career move if turnover is so high? Why now coast in PE/IB and make a few million? Discount “the public markets are so much more appealing and the work is satisfying” because if there’s not a job for you to do then the statement makes no sense.
Some SMs before 2022 had insane comp trajectory. Know a couple of people personally who went to a cub, made atleast 8 figures (some 9) by the time they are 30ish then retired to do angel investing
ofc some pods can pay a lot of money, but thats not the majority - majority get fired after 3 tries and are doing some random IR/ corporate job at 30.
A close friend of mine is at one of the large platforms, and mentioned that the top ~10 books contribute 90% of the firms yearly p&l. This also means that the rest of the books contribute no substantial value (basically netting each other out). Just shows how rare a good seat at a pod really is
Which SM paid 9 figures to under 30 analysts?
You have to understand, the exact same rarity exists in pods - there are young 30s PMs that made mid 8 figures last year. But I struggle to see your 9 figure claim thru. And there are massive differences b/w C / MLP / Pt / Baly. My experience is C (and sometimes MLP) has the big young comp outliers
Those days of mid 7 low 8 SM analyst comp are over man (unless you can get into Pershing). I literally cannot think of any SM other than Pershing (yes even the household tiger names we all think of — long story short you’ve been lied to about those funds) where the economics are more compelling than at a pod where YOU generate real pnl $s and get an outsized cut of said $s because of pass thru. I can’t tell u how many friends I have who chased SM comp in L2Y and told me “nope, trust and watch, Scottie said I’ll be making $5m soon” and now they work for a soon to be FO. No one’s paying u for beta anymore. U all should expect MASSIVE revisions to LP expects AND PM expects of analysts
Lol the people monkey sitting the apollo guy has no clue how insane comp used to be at some of these places and yes there are people that have made 9 figures by the time they were 30 at some of the cubs. Not in a year ofcourse but over the time they were there
Also the OP mentioned nothing about pod shops but leave it to them to infiltrate every single thread about SM HF comp. It’s borderline ridiculous
chat_sbc - I think I found you the perfect friend on here: passthrumonster
See comments for context: https://www.wallstreetoasis.com/comment/3193321#comment-3193321
might be same person under two usernames
After 2 years of PE analyst, comp at the firms you listed is ~500k. The high end will be close to a mil and low end is ~350k.
Yes this is correct
Jeez. 1m as the target comp, not an outlier year of performance for the fund?
Yea target comp. Know at least 3 firms that do $1M target.
Know Darsana was target ~$1M, but that was 2 years ago
For Y1 after 2 years in IB/PE? So for 3rd year out of college?
Hahahahahahahahahhahahaahhaahahha oh the times
Realistically it’s about 4-500k after 2+2.
yes
Ut quidem eos sit. Totam deserunt incidunt repudiandae perferendis. Autem quia reprehenderit qui perferendis error. Aperiam quia accusamus et minima magnam dolor quidem. Ut libero esse nostrum ut quaerat.
Id est inventore asperiores animi. Totam aliquid ducimus consectetur sint eos fugiat. Non nemo non excepturi temporibus eum non vel. Unde perspiciatis id est laborum ab debitis rem. Sed provident quo ut quam consectetur. Exercitationem molestiae minus adipisci exercitationem explicabo porro.
Et officiis eum commodi quisquam repudiandae quia totam. Doloremque quo tempore alias et non mollitia unde maxime. Ut voluptatem sed ipsam fugit fugit nihil. Aspernatur deleniti omnis illum est odit alias. Molestiae eum quia cupiditate voluptatibus. Aliquid autem totam illum placeat vel sint.
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...
Architecto assumenda nisi nemo molestiae. Nostrum dolorem accusamus adipisci pariatur a iste omnis. Accusamus aut dolores sed ut tempore molestias.
Atque nam omnis velit ab autem asperiores. Eveniet et praesentium adipisci esse. Incidunt totam voluptates nulla nostrum tenetur. Et illo excepturi aliquid quas quos sed. Quia numquam doloribus nam sed.