Effort of Compensation: Always go for the biggest Brand Name
I've worked for institutional shops in brokerage and principal side. I've also worked for smaller companies. What I've found is that why does every company regardless of how much they pay you want you to put in a ridiculous amount of effort. To rephrase that, I'm at a small company AUM wise, but LOTS of money to be spent, could get to $1+B AUM in 2 years. It's not like I'm making top or middle of the Rhodes survey from 2016, but I'm expected to put in effort like I'm being paid top bucket.
Not sure what you're looking for in the comments, but the brand names don't always pay top dollar. It's really team/MD dependent. I've made more money working at a Walker/Greystone type than I did at CBRE. But I have also worked for a smaller company (debt fund, ~40 employees) and I will never be going back to a small firm again, unless it's my own.
Yeah, I'm at a place with no-oversight...which is great. Small shop 40 people. I work hard but I can get away with doing my own schedule. GYM at 11am or 3pm, nobody is watching me. As long as I get my work done, during the day or at night, I'm fine. But comp is starting to lag. Basically if comp can get close to $200k, I'm in a great spot, for what they pay me now, not really.
I guess, I want to find out why owners operators want the most for the least amount of money. FYI, I'm here for the growth, no way they are paying anyone with my experience the amount the amount they currently pay me.
Smaller shops generally also pay less because there are less fees to go around. There are small shops that do pay market though. Generally I’ve found those are the firms that are rapidly growing and founded by ex institutional people.
Is this a real question? You are legitimately asking why employers want to get the maximum possible output for the minimum possible salary?
You make your employer a certain amount of money. If they pay you more than that, then why bother hiring you in the first place? The bigger that delta, the more profitable they are.
My experience is that the big firms (GS, CBRE, LaSalle, etc.) often pay *less* because they know they can trade the brand-name for comp. Smaller shops that are legit typically out-pay these larger firms because they want top talent and as you said work you to the bone.
I have a friend who does IB for Goldman and she said there is very much a "GS Prestige" discount, there can be real value down the line with the name on your resume. It can open doors with people impressed by it or who are ex-GS themselves.
You sound like a fucking retard
Not sure what to make this post, but have you (the OP) tried sitting down with your manager and explaining the situation? Perhaps you could get Fridays off!
In all seriousness, firms hire you to give (cheesy statement alert)... 100%! If your 100% = $150k, $250k, or even $2.5m per year is a function of you and your value. They aren't hiring you for 40 hrs, they are hiring you to do your job. If you think your value is higher elsewhere, there is a free market to see if can happen.
In fairness to OP, there is a lot of truth in that the real justification for analysts at "top bucket" making up to $200k in certain large PE and IB shops is in large part due to the expectation of them working nearly unhuman hours. I.e. you are not 2x as good (I'd say $200k is probably double the median analyst all-in pay), just being as to work 2x+ the hours. When you are really 2x good (as measured by market, not yourself sadly), then you can make 2x the pay for the same hours (ironically, hard to make 4x the pay for being 2x and good and working 2x the hours, go figure!).
In the long run, the labor market is far more efficient in this world than we like to admit. Preferences matter, some want to do what it takes (i.e. not sleep or have personal life) to make tons of extra $$$$ some don't. But so long as there is someone willing to do what you do (hours and all) for that pay (I suspect many on WSO may trade), then you are making the market.
Nesciunt beatae et asperiores praesentium qui possimus odit. Et similique culpa et pariatur aut modi. Reiciendis minima architecto quasi. Amet veritatis eum et minima deleniti.
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...