Offer from Bridgewater
Hi,
Someone I know from college did his MBA at Columbia, and just today got an offer from Bridgewater Associates as a trading associate. He was rejected by DE Shaw and RenTech, though. He hasn't gotten his offer yet, but he promised to let me know the details ASAP. What are your guesses as to total comp for that position?
I'll go ahead with my guess: 130 base + 220 bonus = 350 all-in
I will post the numbers when I get them.
Cheers,
B.
What did he do before college that made him stand out as a candidate?
He worked as a credit derivatives trader at Lehman for 2,5 years. Promoted to Associate after 2 years, always got highest bonus bracket. He was market-making, not prop trading. Attended a non- or semi-target school in Europe. Excellent interviewer (that's his self-assessment though).
Class of 2006 200K base 200K min. bonus not sure on signing Oh, also got a fruit basket- not kidding.
I know Bridgewater analysts are making 6 figure base directly out of undergrad this year, so I assume his base post-MBA is well over $200.
yeah it has to be over 350 right? I mean thats how much an ibanking/pre-mba PE associate make at some firms.
Ok, I got the numbers ten minutes ago:
For a guy in the 1st year out of B-School:
base = 195k
bonus = guaranteed minimum of 190k; average bonus projected to be around 270k
signing bonus = 15k
no mention of relocation bonus.
That's it. And that is a hell of a lot more than one can make as a trader at a BB (at least from what I have read and heard).
Damn thats a lot of money
Jesus christ!
I had no idea Bridgewater paid this well. I probably should've given a second look to their offer. Oh well.
Just to point out the obvious: You never received an offer from Bridgewater.
Yea... and they don't even have to deal with the high cost of living of NY either, making it even more attractive.
granted that is a ton of cash, traders at B-water have zero discretion/input into making trading decisions. it is purely execution trading
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