Top Fund of Hedge Funds - Compensation, Lifestyle and Career Path?
Any data points on 1st year associate compensation for top fund of hedge funds (GS HFS, KKR Prisma, BAAM, GCM Grosvenor?)
Currently an analyst at a Top BB in AM. What type of backgrounds are these funds looking for? I'm thinking of lateraling after my 2nd year. Also, any idea of what compensation might be at the MD or Partner level?
Thanks all
Bump
Look, the best advice I can give you -- before you focus too much on "compensation...at the MD or Partner level", first ask yourself what percentage of analysts will ever make it to that level. Then ask yourself, "yes, I'm smart and hard-working, but so is everyone else in my class, so what makes me so sure I'm going to be the one to beat the odds?"
Partners and MDs make a lot, but even if I told you the average paycheck, surely you must know that average number is almost meaningless cause the standard deviation is EXTREMELY wide depending on all kinds of factors (product area you focus on, how well your firm is doing, how well your team is doing, whether you negotiated a low-volatility/low-return compensation package or a high-volatility/high-return one, etc etc etc).
Just focus on the fact that every career path on wall street can potentially lead to huge money if you're lucky. But even if it happens for you, it's 15-20 years away and you really don't have enough information to plan for it. In the meantime, just pick whatever option compensates you well now.
Or rather which job you'd like to do for the foreseeable future.
FoHF Risk offer -- accept or wait? (Originally Posted: 01/28/2014)
I got an offer to join a FoHF of a private equity firm for risk due diligence.
The work seems okay, but the environment seemed a bit too muted for my tastes. I much rather prefer the high-energy environments of tech companies, which is really my passion. Also, am not sure how good this is for B-school down the line or future career opps.
Currently am in financial consulting, but not sure how to proceed. Stay in the role, and pursue a job I love, or go for the prestigious name. What would you do?
Ehhh it's due diligence. You're going to lose a lot of sleep in that job, so you have to really love it or be really good at it to be happy there.
I'd lean towards turning it down. But you should get some advice from folks who work for the FOHFs.
I got an offer for a FoHF too. I turned it down because from my understanding it is very difficult to move from the fund of funds role to a direct investing one; which is what I wanted to do. I'd stay with your current job and keep searching.
Fund of Hedgefund Internship (Originally Posted: 06/06/2016)
Hello guys, my first post on here.
I have recently received an internship offer for a Hedge fund of fund. I was wondering if anyone could give me some insights into the role and how transferable the skill sets are into other financial roles? My long term career aspiration is private equity and have a few final rounds for these types of firms but I am in a situation where i'll take whatever I can get really.
(Just graduated from top 5 uni in UK, job is in london).
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