How often do late 20s/early 30s analysts or PMs make low 8 figures in the HF industry? Obviously 2020 was an outlier with strong performance, but is this something that happens reasonably often in the industry (either MM or very large AUM SM)? This is assuming strong performance for both the analyst and the fund of course
Feb 16, 2021Feb 16, 2021
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Comments (11)
Lol no
The few who do you'll hear rumors about hear and there. Not frequent at all.
Not 8 figures, but I heard a 31 year old at my firm pulled down 5 bucks this year. 8 figures happens but not too often--low 7 figures happens quite a bit but is definitely far from the norm.
5 bucks?
Means $5 million, as anyone that has worked in the industry would know.
Analysts, it rounds down to never. PMs, it's very rare but not entirely unheard of.
Low 7 figures possible if you're at sizeable fund w/ good performance like 2020. Definitely have not heard of low 8 for analysts.
Extremely rare. Does happen but you hear the rumors because of how few people do it. 7 figures (2-5mm) is pretty solid/top of what you'll see at that tenure.
Right combo of big enough trade plus fund large enough to really move P&L it's possible. Say you're at a single manager single PM type shop with $10b+ AUM. If you originate a $500m+ trade that triples in a year, I could see them allocating 8 figs to you. But like posters above me said, very few and very far between.
It happens frequently and if you are joining a HF you should count on it
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