HF Comp - junior guys

Joined a HF straight out of college. Single manager roughly 4B in assets with a lot of inflows coming. Roughly 10 of us on investment side.What are expectations for junior level comp?Full transparency - I make 100K base and bossman said to expect a 100% bonus year one . Also have bunch of other perks like profit sharing on 401K, co invest in fund, etc.My real question is for those of you in similar spots what's the comp ramp like between say years 1-5?

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Comments (22)

Nov 29, 2021 - 5:08pm

Im curious too

You are getting $40-80mm in mgmt fees alone across 10 investment heads. If you guys do 10% in a year, that should add another ~$80mm of comp

How does that get split up? I always assumed GP would take at least half so $60-80mm across 9 folks? Maybe two PMs that pull $10mm+? That should leave a few million for jr analysts. I guess early 20s and new guys should be comped to banking though given they wont add value for a few years

Nov 29, 2021 - 5:16pm

That's what I was thinking. Banking like comp until you're a real value added and then you can get tied to your P&l. Have some mid level analyst doing like 40-70M in p&l

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  • Intern in HF - EquityHedge
Dec 1, 2021 - 10:39am

It being a family office could mean less comp progression over the long run (generally more stingy with handing out bonuses). But low # of investment professionals could make up for part of that stingyness

  • Intern in S&T - Comm
Dec 1, 2021 - 3:04pm

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