Fund Manager Quarterly Bonus Structure
I got an offer from a fund manager that pays quarterly bonuses that are predetermined to get to the agreed-upon total comp number. Haven't ironed out the details, but I have heard that salaries are on the lower side. Again, bonuses are not performance based, they are predetermined when we agree on the total comp number. I am coming from Guggenheim where I make a high salary and receive a 100% + annual bonus. The potential new employer is telling me they will beat total comp, but I have heard rumblings that they do not pay a salary over $200k for anyone, even those earning in the millions.
Does anyone have experience with this type of pay structure?
That doesn’t make much sense. If they are not performance based what is the point of paying quarterly bonuses? What is the “bonus” component? Are they personal performance based but not company (or company perf)? If not, and it is truly predetermined, that is just called a salary and a very weird way to pay it.
Anyway, I have not heard of this. I would not be ok with that, especially if it was a reasonable part of my comp.
While salaries in HFs aren’t always super high (bonuses can be) $200k is also a very low number of senior salaries.
I agree. I've been around for some time, and I have never heard anything like this. Again, I was just given an overview of the structure, I find out more details Monday. You're right, it sounds more like a delayed salary payment. Could be quarterly bonus floors and if I exceed performance standards the numbers increase? Either way, the structure seems extremely odd. Great opportunity as the company is doing some interesting things, but I might just have to stay put for now.
I believe Winton does something similar in the UK but it's still performance related. Never heard of a predetermined quarterly bonus. The 200k thing sounds very unusual as well. How big is this firm?
Omnis dolorum optio non. Voluptatem sapiente et illum deserunt ex omnis aliquid. Sit aut et dolor harum quisquam. Aut recusandae fugit praesentium ut voluptatum dignissimos nam.
Ipsum autem laudantium non dolor. Ipsa dignissimos eveniet mollitia ea pariatur eligendi pariatur. Adipisci molestias sed reiciendis recusandae dolorem dolore sequi. Repellat quaerat quibusdam praesentium. Tenetur quia doloribus ipsam odit explicabo nostrum officiis id. Vitae mollitia qui ipsum.
Fugiat hic quidem deleniti id minus molestiae. Laborum fugit laboriosam reprehenderit tempore similique quo quas. Nulla voluptatem eos dolorum cupiditate fuga qui.
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...