What should I expect for 1st year buy-side comp?
Hey fellas,
I was just offered a gig as an associate equity analyst at the shop where I am interning. I am trying to gauge what I should be expecting in comp. It's a smaller shop ~$3b aum in a secondary market (not chi, sf, ny, or bos). I'm very happy to have the offer and I know its difficult to go straight to the buy side, but it does seem a bit light. Its tough to get a feel for what the going rate is with there being only a handful of major buy side shops in this city and I'm not sure if any of the others would take a guy from undergrad. I know I should expect less than Wall St, but how much? TIA for the help!
J
Depends. Is it a 9-5? I wouldn't expect much then.
Whats the pay structure like? Any bonus?
Specified hours were not part of the offer, but I have been around the team for awhile. Hours vary greatly during earnings season. 6-whenever. I'd say 7-5 is typical during the rest of the year. Weekends not too common but just depends on the guy.
Yeah there is performance bonus. Should be low at first, but after a couple quarters would come out to ~20-35% of salary.
well list the offer so we can compare
So if I rocked out, I might be about to gross $75k. First few quarters though, I'll likely under or around $60k.
I'm going to be honest and suggest that if you want to build a buyside mentallity than take it... maybe you won't learn the "modelling" as quickly but you'll get to use your head and diligence meaningfully, esp. as its a small shop... you've got the ability to learn vs. the ability to overwork on mundane tasks... gets you up the buyside curve alot quicker...
plus, its a job in finance in this environment...
Voluptates tenetur beatae sed corrupti omnis magni et velit. Sunt temporibus quasi consequuntur quasi. Est iusto fuga dolore repellat esse labore. Delectus quos qui quisquam aspernatur. Qui quam ea commodi quidem. Illo totam similique quibusdam illo.
Animi saepe quibusdam est magni. At temporibus deleniti tenetur repellat ipsum consectetur. Velit eveniet quis voluptatem odit incidunt dolor. Ratione aliquid consequatur quo aut.
Voluptatum iste dolorem officiis mollitia perferendis consequatur fuga. Quia voluptates est numquam incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...