Hedge Fund Interview Course

  • 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
  • 11 Detailed Sample Pitches and 10+ hours of video.
  • Trusted by over 1,000 aspiring hedge fund professionals just like you.

Comments (32)

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Investment Analyst in HF - Other
Mar 29, 2021 - 1:23pm

Similar question to the above, does 4 YOE count as 2017 or 2016 grad? Thanks

  • Intern in S&T - FI
Mar 29, 2021 - 7:22pm

what was your background before your current role? Lev fin, rx or Distressed trading?

  • Research Analyst in AM - Equities
Mar 30, 2021 - 9:13am

It's a 'top bucket' outcome with the way our comp structure works, and some of that vests over a few years, but yeah pretty normal. This was my first year with a 'VP' level title which involved a decent bump vs 2019, but I have no reason to believe it won't be similar next year. Comp is not as closely tied to team P&L as it would be at a standalone HF which means it's much more predictable.

Total comp is much lower than it would be at an equivalent standalone HF with a direct P&L payout structure - we're a tiny team running ~$5bn gross long value (market neutral overall) doing annual P&L of >$500m so you can do the maths on that. Flip side is a) job security, b) work-life balance, c) support resource from the wider organisation d) we'd never be allowed to construct a portfolio like the one we have at a MM platform or a fund with monthly liquidity and tight risk limits.

  • Research Analyst in HF - EquityHedge
Mar 30, 2021 - 2:26am

Analyst at $10bn+ single manager, 5 years of work experience. All in comp $1-3mm per year depending on team and individual performance. Work 50-60 hours a week normally and 70-80 during earnings. Came from Wharton / MF PE analyst and turned down a top tiger fund (e.g. Viking) for this role. 

  • Intern in PE - LBOs
Mar 30, 2021 - 12:37pm

To get a similar role from UMM PE. Would you recommend recruiting now, or lateraling to a MF first? Not sure if MF PE is a hard and fast requirement funds ask headhunters to filter against.

Mar 30, 2021 - 4:41pm

Hey, would you mind sharing your path / trajectory sing UG? We're you Wharton UG or MBA? I am Wharton UG. Would appreciate any advice you can share  i.e your concentration, clubs, first job out if UG etc.. thanks. 

Mar 30, 2021 - 5:07pm

Hi, I am in a very similar situation as you, only I am a senior and will be going into MF PE after graduation. What strategy is your fund, and any reasons for turning down the top tiger offer? I always thought that those seats were the most coveted and paid more than all the other funds. $1-3mm sounds unfathomable to me, how much do the PMs/Partners make at your shop (must be over 10 jeez)? A kid can dream, and I'm sure you're a role model for many kids on this forum-- keep up the good work bro. 

  • Research Analyst in HF - EquityHedge
Apr 2, 2021 - 11:35pm

Hey - replying here.

* no carry or equity in the fund, all compensation is discretionary

* do not recommend lateraling from UMM PE to MF PE. If you know your stuff and are well prepared you can get a good HF job from UMM PE

* Wharton undergrad. My first job out of undergrad was MF PE. Won't share any more on my background for privacy purposes. 

* Choose my fund for people, culture, and investment style. My compensation is very good and more than I will ever need if I continue to do well.

* @hominem - thanks for that. Appreciate your contributions here.

  • Associate 2 in PE - LBOs
Mar 30, 2021 - 11:50am

I'll throw my hat in the ring I guess. I'm 27, working at a Tiger-adjacent fund (i.e. not one of the OG Tiger Cubs, but part of the same family tree) and moved over after 2 years BB IBD + 2 years UMM PE. I honestly kind of hate my job though. I find public mf

  • Associate 2 in PE - LBOs
Mar 30, 2021 - 11:50am

I'll throw my hat in the ring I guess. I'm 27, working at a Tiger-adjacent fund (i.e. not one of the OG Tiger Cubs, but part of the same family tree) and moved over after 2 years BB IBD + 2 years UMM PE. TBD on all in comp but I've been guided to $500k all-in.

I honestly kind of hate my job though. I find public markets to be very boring and I find myself going through the motions, not really digging in or being proactive, and generally sleepwalking through the job. I'm in the office 70-80 hours a week because that's how long the other junior folks are here but I'm probably "working" 50-60 of those and just dicking around on the internet, getting coffee, looking at memes, etc. the rest of the time. I haven't had my first review yet but expect it to be mediocre to meh but not bad enough to get fired, which is fine by me. I'm planning to apply to business school next year to chill for a bit before figuring out what to do with the rest of my life afterward.

Start Discussion

Total Avg Compensation

April 2021 Hedge Fund

  • Vice President (18) $520
  • Director/MD (10) $359
  • NA (4) $325
  • Portfolio Manager (7) $297
  • Manager (4) $282
  • 3rd+ Year Associate (18) $269
  • 2nd Year Associate (26) $251
  • Engineer/Quant (49) $233
  • 1st Year Associate (63) $188
  • Analysts (181) $168
  • Intern/Summer Associate (15) $125
  • Junior Trader (5) $102
  • Intern/Summer Analyst (203) $82