Currently at a Roku. TC 450 Im in talks with a small hedge fund (Im sure none of you know their name) for a Quant Researcher position. They are ready to offer first year guaranteed TC 400. (all cash) From second year, it is going to be 200 + bonus Im still in negotiation phase, but they say this is the industry highest for a new comer to Finance. It is a small fund (<5 people including Portfolio Manager) I really want to try a Hedge fund because of the huge upside in comp. Im confident I can be a top performer. They say the comp progression is going to be much better than Tech. Can anyone with industry experience tell me if this is true? Do you think it is worth it to take a first year paycut to go to a Hedge Fund? What should be the TC at which i should switch?
“they say this is the industry highest for a new comer to Finance.” That’s not true. Maybe interview for other companies too.
They will say what they have to say doesn’t mean that information is accurate and 100% true.
Thank you. I agree with you. That is why I’m asking for advice from people on blind who have direct knowledge.
why they want u ? what do u do at roku
I’m an MLE. I know the funds managers through personal network.
Personally I would take the job just because it sounds like an exciting (and risky) opportunity to help build a company from the ground up. The TC difference isn’t that big and if you’re successful I wouldn’t be surprised if you quickly make 2x your old TC. This depends on how much you trust this HF though. Do they seem like honest and reliable people?
How come ur tc is 450k with 2-3yoe? Is that due to stock appreciation?
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Worried that our top performer is an attrition risk. How do managers handle this?
Why would you go to a hedge fund for less money?
I guess the chance to earn 7 digit TC in a few years?
OP, just FYI: average life span of hf is abt 18 months