Have any of you HF folks made 7 figures?

To the HF analysts/PMs -- have any of you guys made 7 figures? Care to share your story, the type of fund you're at/AUM, and how long you've been in this business? Thanks!!

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Comments (53)

  • Intern in IB - Cov
Jun 9, 2021 - 1:17am

Man you need to chill with the WSO posts. You've posted extremely identifying details about both of your parents jobs … You literally posted where they both work and job titles as well as the exact high school that you go to. I was able to find both of them with a two minute Linkedin search.

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Jun 9, 2021 - 3:18am

Some of my investors did. Two of them went straight to HF after IB but I think the other did a few other things in between as he made his money in the early/mid 00s.

  • Analyst 1 in IB - Gen
Jun 9, 2021 - 8:40pm

Wow man, nice!! Few questions:

1. L/S? Also what sector?

2. How much did you lose to uncle sam in taxes (% wise)

3. Thoughts on comp upside @ SM vs MM? Could you have pulled down 7 figs in a SM with similar performance?

Jun 9, 2021 - 11:56pm

Can answer #2 for ya haha. Unless there was a deferred portion it was definitely about half 

  • Analyst 3+ in HF - EquityHedge
Jun 11, 2021 - 9:28am

Yeah it's L/S and was a TMT book

I'm in NYC and paid approximately 51% effective tax. Not fun

Unfortunately I have no idea how to compare it to a SM but I would imagine analysts at large funds with similar amount of work experience probably pulled down similar. Whether I would have succeeded in that model and made as much for myself, I really don't know. 

Jun 9, 2021 - 11:55pm

Have two friends at HFs (one SM and one MM) who one made just above 1M and the other about 750K two years into their seats after joining from ER seats. Both were very sector specific. The one who made above 1M was at the SM and said a substantial portion was surprisingly deferred cash comp while the MM guy got it upfront.

  • 2
  • Analyst 1 in Research - Other
Jun 13, 2021 - 7:15pm

Would love to hear more about the firm/ any information about your path?  Super interested as I am entering sell side credit research and want to eventually move over to a hedge fund

  • Principal in HF - Event
Jun 14, 2021 - 10:21am

Restructuring banking -> current fund, late 20s. Plenty of hires coming from private equity or other buyside roles too. Have also hired analysts from sell side distressed trading desks before, although there is some perception that you're not doing as deep work in that role. 

Jun 22, 2021 - 5:34pm

Congrats! Few questions for ya

  1. I'm assuming you lose about half to uncle sammy. Living in NYC, what percent of post-tax income do you end up saving?
  1. Your profile says you're a PM- how long have you been in that seat, and was it for the 3 years you've cracked 7 sticks?
  1. How expensive of a house would you feel comfortable buying in NYC on 7 figure income, especially with it being highly variable as a MM pm?
  1. Do you fit the late 20s mid 30s age range? Any tips for aspiring HF folks here?
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