I am expecting an offer from a hedge fund. They are not a public company so RSUs are not an option. Other than salary, is bonus the only additional compensation they offer? The salary data for PM roles at hedge funds is non-existant. If you have any insights please share. YoE: 12 TC: $275k (yes pathetic)
TC is great against all measures except for people who lie on Blind. Don’t sell yourself short.
yes
Sometimes deferred compensation as a part of the fund, but that’s usually taken from the bonus
How does it work?
some % of your bonus is withheld then the nominal $s of that %age is invested into the fund for some period of time (e.g. 3 years)
this app can be toxic. 275k is not pathetic, jesus man
Yup, especially when ones in east coast.
275 is pathetic? Seriously man?
Glad to see that even Blind agrees how absurd it is to call 275k "pathetic"
Very interesting that you tagged both Bridgewater and Two Sigma. Because culture wise, those two are about as different as you could possibly get...Are you going to one of those companies? Obviously any given company is "not for everyone" but Bridgewater is **really** "not for everyone". They openly admit that over 25% of people quit in the first 18 months ( https://www.businessinsider.com/biggest-challenges-new-bridgewater-employees-face-2016-3 ) which is extremely high for this industry. If you're thinking about going there, then ok, but make sure you've googled their "radical transparency" and read about the dots baseball card app and understand whether that culture is the right place for you. That firm is incredible polarizing. I know at least five former employees who say working there was literally the worst career decision of their life. I mean, watch the employee videos on Bridgewater's own webpage were employees talk about how they felt so humiliated that they were nearly crying but now they're happy because it made them stronger, etc. Two Sigma, on the other hand, may or may not be the right place for you, but even if you don't like it, you probably won't hate it. The culture there is extremely different.
Probably just base and large bonuses. But the bonuses can be pretty insane, 50-100% of base.
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Wtf 275 is not pathetic.
For 12 YoE as Associate Director of Product Mgmt?
It's still not bad, but could be better.