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?
Hi Investment Analyst in HF - EquityHedge, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
Fingers crossed that one of those helps you.
Subbed
How’d you get this cool gig?
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
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
Are you at a multi-manager? I assume then between the multi-manager cut and the PM cut you are down to <25% of the P&L
I think usually you can get a few shadow points as an analyst if youre good but with a PM and multi those are probably skinny
Expect bare minimum to keep you until you've proven to be a consistent value-add and profit generator at your fund (aka you've shown you can consistently generate profitable ideas)
Any more details on your shop?
West Coast fund, 4Bish, been up good amount past few years, 10-12 people in total including trading and back ops, family office of a extreme HNW person. L/s
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
sansome partners?
Reprehenderit ut eligendi cupiditate repellendus. Qui illum voluptas nihil et.
Harum iusto fugit excepturi nam non sed. Temporibus aliquam corrupti incidunt et. Provident a qui ex facilis voluptate recusandae. Est beatae a ipsam placeat.
Iure rerum quia necessitatibus molestiae officia. Vel quis nulla qui sit distinctio quod et non. Recusandae maiores rerum velit sit similique beatae in. Cupiditate assumenda atque minus aut consequatur nulla quisquam. Reiciendis ut ea quaerat doloribus.
Provident esse qui quas necessitatibus rerum minima qui. Sapiente quia possimus voluptatum quia. Ipsa eos perferendis repellendus assumenda.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...