Am I off base, or does the comp seem insanely low. $250k for the CFO of one of the largest and most well known family offices?
Check out this job at Soros Fund Management: https://www.linkedin.com/jobs/view/4256573272
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Based on the most helpful WSO content, compensation for CFOs in family offices can vary significantly depending on the size, structure, and specific responsibilities of the role. While $250k might seem low for a CFO at a high-profile family office like Soros Fund Management, it's important to consider the broader compensation package. Family offices often include additional perks such as profit sharing, co-investment opportunities, carried interest, phantom equity, and other deferred compensation plans. These extras can significantly enhance the total compensation over time.
For example, in family offices, it's not uncommon for compensation to be structured to align with the family's long-term goals, which might include unique benefits like low-interest loans for investments or participation in the family's portfolio performance. If the $250k figure is just the base salary, the total package could be much more competitive when these elements are factored in.
Sources: Family Office vs. Traditional LP Career Path, Would you work for a family office?, Are we in a new Family Office bubble?, Q&A: Endowments & Foundations, Q&A - Analyst at $1.5B Endowment Fund
It looks to be primarily an accounting role, which is much easier than CFO at an opco. Obviously, being involved in capital raises is not needed…the best paid CFOs that I know spend a lot of their time on that.
The part about educating the family was interesting.
I’d also guess that this is a highly bonus-driven role.
It is common for base at HFs to be low.
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