HF Analyst 1- Need perspective
Not sure what I am searching for...perspective? a sanity check? slap in the face?
Here is the situation: 3 years of sell side and then moved to a different country to pursue other opportunities. Essentially wanted to get into a hedge fund, of which there are almost none in my home country. Found a job and started a year ago. The shop is a L/S fundamental started by a PM with an excellent background. Performance hasn't been great so raising money is challenging. Fund AUM is somewhere between $100-250M for reference. The team itself is great, all incredibly driven, nice, easy to work with, hours, etc. The experience I am getting is also fantastic. In a risk taking seat at awith a well respected PM. From my understanding the type of work I am doing is pretty rare for a first year (going into my second) analyst.
The problem is of course the pay. I am getting paid way below market. Not 10%, more like 25% below market value for base with no prospect of a bonus in 2022 as of yet (founder has to pay himself back fees required to launch fund). I'm mid/late 20s with very little savings and living pay cheque to pay cheque. That being said its a small team and will remain such even if the PM can raise a lot more money so the upside is huge.
I know I am incredibly lucky to have this opportunity and there are folks who would take my seat for less. However it is frustrating seeing others make way more. Am I crazy for continuing to stay at the fund? Money is locked up for a couple more years so it won't shut down but I do worry about my own financial situation. Do I ride it out and collect another year of great experience and then jump ship if there's no more $$ raised? Do I leave now to get a higher pay cheque and some bonus certainty for a worse situation (culture, hours, quality of work)? Curious to hear what others would do on this forum.