It's that time of the year to get a sense of what the comp number should be. I currently work for a small SM HF ($250mm AUM with 1/10 structure). What should the comp be for an analyst if the fund's performance for the year is 10% (pretty shitty, i know)? If it helps, I have 1 year of prior buyside experience.
EDIT: Number of Employees = 5 and PnL on my names covered = $3mm
Thanks!
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How many employees? What was the PnL of your names covered? Too many variables missing
I mean it'll depend on headcount as well -- total revenue for this year would be 2.5M in management fees and 2.5M in performance. Subtract out whatever overhead exists and then the PM will take a large cut and whatever else is left will be distributed among the analysts. If this is a 3 person shop, you're probably doing pretty well and could clear 500k this year. If this shop has 7-8 people of varying seniority covering 250M in AUM then you're going to make a lot less as the junior most member at the firm.
this is way too optimistic
2.5m management fee should all be eaten up by fixed costs. the base salary (50k? 100k? 150k tops comes from here)
10% on his 3m PnL is 300k. PM takes most of it, leaves 50k for him. 100k of PM is really generous.
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