Considering an offer from Citadel with a target bonus written into contract. What’s the typical split when bonus is paid in terms cash bonus vs deferred cash payment? How does the deferred payment work? #buyside #citadel #citadeloffer #bonus #finance
Anything over 400k TC is deferred
A portion of anything over 400 is deferred
A comp of 400k will have 60k deferred. So either blow 400k or much more than 400k.
^^ (And anything under 400k is paid in cash)
The fraction deferred varies based on how much your total comp is. The higher, the more deferred. The deferred amount gets invested in the funds so it basically lets you invest in the hedge fund and get the returns from that. It stays in there for 3-4 years and is then paid out.
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