:eek: Good work if you can get it. Beats trying to eke a living from making a few points on the ES or swinging in the jungles of the forex trying to make several babypips. http://finance.yahoo.com/news/industry-entry-level-salary-335-080215392.html Hedge fund professionals have seen higher compensation for the third consecutive year, with the average pay for an entry-level analyst at a mid-performing hedge fund totaling $335,000 in 2013, an industry report has found. Portfolio managers at large hedge funds should also be smiling right now, given that average compensation has reached $2.2 million, the 2014 Glocap Hedge Fund Compensation report, released Thursday found. The hike in compensation levels was largely the result of an increase in bonuses rather than base salary rates, the report found. "Hedge funds' bonus pools were fueled in 2013 by the combination of increased performance fees and additional management fees generated on an increase in investor capital allocations," said Anthony Keizner, head of Glocap's hedge fund practice. "These larger bonus pools will be passed through this year as higher compensation for key staff," he added. Entry-level analysts at large firms saw a rise in bonuses between 0 to 10 percent in 2013, while portfolio managers and other senior professionals at large firms saw bonuses ranging from a decrease of 5 percent to an increase of 20 percent. The burgeoning pay packets are testament to the thriving global hedge fund industry which the report said had reached record levels of investor capital in 2013, with $2.51 trillion as of the end of the third quarter. Average compensation across the industry rose between 5 and 10 percent in 2013, the report said, with portfolio managers, senior analysts and risk managers at top performing funds seeing the highest relative increases. Meanwhile the Hedge Fund Research Weighted Composite Index - an index designed to represent the whole hedge fund industry - rose 5.5 percent year to date, while the percentage of hedge funds which reached their high watermarks - a set performance level a manager must reach before receiving a bonus - rose to 62 percent year-to-date through to September, compared with 48.4 percent last year. Hiring was also increasing, the report found, and as a result qualified candidates more frequently received multiple offers and the duration of job searches (from posting to filling the role) had become shorter. There was a trend among large hedge funds of hiring managers who had experience managing portfolios during the crisis periods of 2008 and 2011, to show they can weather market downturns. In addition, hiring managers were also more likely to require candidates to show an ability to generate performance without overexposure to risk, as risk limits continue to tighten, the report said. Factors which impinged on further pay increases in the hedge fund industry were a decline in compensation levels in the banking industry and a flat compensation environment in private equity. The report was compiled by executive search firm Glocap and data provider Hedge Fund Research.
Disagree ! Who wants to work for the man, be told what to do, work 60 hours a week, beg for time off, etc when you can consistantly grab 2 points per day in the ES.
I work for the government from 4pm - 12am. I know all about these 'benefits'. Talk about a rat in a rat race, lol.
A rat in a rat race with a "guaranteed" piece of cheese not stuck in some rat trap that's waiting to snap its metal springs on you.
ahah you are dreaming with 60 hours a week. Try 80-100 hours a week. Entry level guys are doing all the grunt work. If you can get it I would say you have to take it though, but...only for a year, 2 max. Especially if you can grind out 2 points a day on the ES. My friend works at a firm as a entry level analyst---started 2.5 years ago. Only 10% more money then when he started, and has been working 80 hour average weeks for 2.5 years. A few weeks in september he worked 100 hours, I couldnt even get a beer with him on a saturday afternoon because he was working. The money is better, but your quality of life is much worse on the other side of the coin. Also, I doubt that you enter into firm making 335k, it is much less...around 200k in NYC if you are lucky., other cities probably around 150k,
200K in NYC is like 70-80K in Des Moines. Much much more stress in daily life too. There was a thread on ET which said 300K in Manhattan was having tough time making ends meet. Go figure !!
Making money in the downturn while doing fundamental and taking only long positions............... very very tough and more so when dealing with a large portfolio and risk parameters are always tapping you on the head for caution.
you gotta wonder what a person is doing with his 300k. Spending 2k a day in the hamptons all summer? 300k is plenty to live on in NYC as long as u doint lose your mind and start burning money just because you make 10k every paycheck. My brother lives in Brooklyn on about 40k...Rent, Food, Papst Blue Ribbon beer and weed. Obviously he doesnt have a family or started saving money yet, but I doubt entry level analysts are doing much more then doing coke and chasing tail around the city.
2 pts = 100$ per day., 10 contracts = 1000$ per day. Close to hedge fund analyst salary. PLUS free time to do whatever you want or discover and implement new edges. doesn't sound bad. Make it 20 contracts, and you are looking at close to double the hedge fund salary