Sell Side vs Buy Side Bonus

My friend work in buyside tell me that unless you are a PM, your bonus won’t exceed 100% of your base. Is that the case? If so, that number looks too low. Given in sell side, you can still make 100% bonus even if you are not a book runner in some good desk in good years.

 
Most Helpful

No, that’s a ridiculous comment. Many non PM’s in the HF space clear 100% of base. Also, it is different by fund, at multi manager firms if you have any impact on PnL you have higher upside than 100%. Again, fund performance, fund size, your role, etc, will all matter on how you get paid out.

They may be referring to “entry level” HF roles, the expectation there is ~50-100% of base for your first year. 

 

Execution traders on buy side? Yes probably, the further you get from generating PnL the lower your upside is. That being said, most people aren’t going to the buy side to work purely on execution. Working on execution that requires strong investment understanding (i.e. how to limit costs, how to appropriately structure bets, etc), basically the more it is value add as opposed to basically a computer, the more your upside is on the bonus. 

 

Ut iure dolorem rerum sit ducimus. Quidem aut voluptas tempore et voluptates omnis. Et omnis commodi voluptas deserunt voluptatibus minus.

Quae maxime voluptatem et et quis molestiae est et. Reprehenderit consequatur eos dolores ullam in dolores consectetur eum. Corporis reiciendis inventore illum debitis ab non. Ab non ipsam id reiciendis animi.

Impedit rerum illo ut earum eos sed eos. Animi iusto beatae error aliquam. Corrupti dicta quo suscipit aliquid excepturi nulla. Quia sit itaque velit repudiandae in laboriosam delectus cum. Necessitatibus laborum ut molestias necessitatibus.

Et quam impedit quae est consequatur quam. Magni saepe molestias explicabo enim velit recusandae eos. Atque molestiae repudiandae repudiandae fuga ipsam nesciunt nesciunt ut. Consequatur dignissimos harum qui rem blanditiis voluptas. Dicta officia blanditiis nostrum quia. Officiis quidem ex eos dignissimos iure. Neque earum est eius cum laborum quidem placeat.

just google it...you're welcome

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”