I got an offer from a fund manager that pays quarterly bonuses that are predetermined to get to the agreed-upon total comp number. Haven't ironed out the details, but I have heard that salaries are on the lower side. Again, bonuses are not performance based, they are predetermined when we agree on the total comp number. I am coming from Guggenheim where I make a high salary and receive a 100% + annual bonus. The potential new employer is telling me they will beat total comp, but I have heard rumblings that they do not pay a salary over $200k for anyone, even those earning in the millions.
Does anyone have experience with this type of pay structure?