Compensation: Experienced Sell Side Associate to 1st Year HF Associate NYCSubscribe
What does comp look like on the buyside HF for a 1st year associate? It is a single manager fund with a 2 senior members and me, the sole associate. Roughly 150MM AUM fund that is just starting. I am 5 Years post MBA, with a med school background and 4 years sell side experience.
Any guidance will be helpful. It is a dream job for me and I will take the offer regardless of comp but just want to know what average comp is for the first year on a hedge fund role. Do I ask about equity or points? As a startup there is a lot of risk but this can scale up quickly and I want to ask the right questions regarding comp so I share in the reward given the risk. I have secondary offers for banking at an elite bank (think Moelis/Centerview and Sell Side research at a bulge (think Goldman/JP Morgan).