Where is it still possibly to make 7 figures?
Senior analyst roles across the HF industry and AM. Where would you go if you really wanted the chance to make it big during this recession.
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Most big SMs
MMs
Co founder startup fund
Could you provide more color on big SMs — what size / strategy / and AUM per head are we talking?
Also, at these funds do PMs / sr analysts get points in the GP or are they just paid discretionarily?
Are these still “attractive” seats (my definition: senior person making low 7 figures in bad year off mgmt fees and then playing for material upside — $10-20mm+ in great years) given high watermarks?
No one gets paid 7 figures in a bad year lol - you get your base and deferred comp and that’s it. Unless you are superstar threatening to leave and even then expect mid 6 figures max. I swear these super outlier hypotheticals give me cancer. There are like a collective 75-100 seats in total in the world at these large SMs that can offer 8 figure paydays on the regular and designing your career on these super tail outcomes is silly. Work hard to get a good seat at a fund you like and grind to get where you want and you should be comped ok- people expecting 8 figure comp days don’t need to ask on WSO.
Citadel, MLP, BAM, 72
You can make 7 figs anywhere
Banking
Consulting
PE
VC
Law
Entrepreneurship
You just have to be good at it. If you suck at whatever you do and are mid level forever you won't make the money. But if you hustle and are skilled and smart and networked you'll do great.
Yes 7 figs isn’t that rare for semi senior levels in any finance discipline.
The question should be if you’re good and driven, where can you make multi 7 figures or beyond. And then the answer within finance is partner at an at-scale SM, a successful PM at tier 1 MM, or of course director level or above at a PE with nice carry.
Each path requires different skillsets and chracter traits to be successful.
I don’t think so. I think a lot stagnate are 600-800k.
Not at Tiger Global.
Everything is possibly, if, you believe.
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