Depends a ton on if you're joining a product team or leading a team. Generally, size will depend on the fund's aggregate and product liquidity. A volatility crew at a billion-dollar fund might run a $100 million book. Hitting your target/benchmark bonus will usually start at 10%. If it's an area Barclay's has a benchmark metric, it's pretty easy. Beating the target benchmark and the sky is the limit in terms of bonuses. The numbers are pretty much the same for family offices. Many, not all, houses may give a small allocation to run yourself. A split there is commonly 50/50. Performance is generally net of an expense allocation and be careful here as to overall expense allocation. A lot of demand right now is vol. books, convert books, and index books. Some teams will run close 24/6 depending on the product. Bigger shops may also run correlation or dispersion teams. Base in a big metro area between 125K or 200K. Your bonus is often paid out over 2 to 3 years as golden handcuffs.