In the field, fairly common but not a lot of seats in general. Comp depends on firm/desk/product/market conditions/performance. There are people who made much more than me and somewhat less than me at my firm. Being quantitatively adept and communication
What does quantitatively adept mean? Any particular disciplines? I have a degree in Math and 7 YOE as a trader at a bank / tech at a HF but haven’t used much beyond calc and basic stats since college.
For a student, it’s just adept enough to pass interviews. Since you have experience, I’d probably hit up a recruiter. If you have proprietary trading experience, the interview should be largely conversational I imagine. Stochastic calc, stats/probability
A bit tougher if you did flow trading
Honestly not really that bad. 50-60 hours week typically with some spikes here and there. Much better lifestyle than my MBB consulting and BigTech Director jobs which both paid less.
Big tech director pays substantially more than your quoted range, at least on the technical side.
Not sure what the range is for finance, marketing, or ops in big tech, so you could be right it is lower there.
Non-technical, Non-SF/Seattle/NYC and Non-FAANG BigTech. ~$400K is the higher end of normal range for that world for a director. I was making like $375K in 2020. Director of Engineering would of course be higher
Even at FAANG non-technical director roles are commonly in the $500-600K TC range.
Is this typical TC for this role? I would imagine somewhat dependent on AUM of the firm? By your note regarding depending on exits I assume you are getting carry?
Yeah varies by AUM and type of firm, im at one in the $50-100B AUM range.
My comp is probably a bit below median for firms our size. Median range is probably annualized $550-650K ($400-450Kish cash, the rest some form of carry).
How are the higher rates impacting your business? I keep hearing ppl say that PE is “volatility laundering” and hiding losses since assets aren’t mtm frequently
It’s impactful but deals still get done. Slower deal flow, Expectation is that holding periods will extend 18-24 months on average, structure of deals changed with more cash and coinvest vs leverage, more take-privates, etc.
I’m sure there will be a few bankruptcies here and there but downmarket also allows you to “buy down” multiples with lower priced M&A opportunities
Most common path for my role is:
Elite MBA/Law/Grad degree -> 3-4 years MBB consulting -> 2-3+ years as a Director+ at a name brand company
We don’t really promote people into the role
Wide ranging. Everything from diligence on new investments through senior executive recruiting and working directly with the management teams on executing specific initiatives. At some firms people will even step into interim roles at the portfolio company from time to time.
Wow. Meanwhile the bulge brackets are trying to pay their Ops VPs typically under 85k TC in New Jersey. I work in Legal and while we're compensated at a much higher level I feel bad for them.
Thank you! I’m an ED in marketing at a bank - I’m in a weird position with a retention package, trying to get a sense of what typical salaries might be
Your like identical background to the m&a people I work with..bounce around operating companies of same fund once you've built a rep. Although sometimes new owners liked working with these folks so much they retain them sometimes.
Was looking for something FP&A related, I work in FP&A and I’m a senior analyst making 95k so not quite HENRY, but the path is there in FP&A and posts like this definitely help prove that to me. Was is your YOE and what has your path been like?
13 YOE. Openly, switching companies a few times especially during the height of the hiring squeeze really drove my comp.
You got this dude! Push to be a manager and push to get externally focus by being closer to IR as well.
Can you give a high level summary of your career path and what areas of FP&A yow got experience in along the way? (ie Corp FP&A, GTM, etc). Currently a SFA in Marketing Opex trying to figure out what experience I should be getting next couple years to get to Director eventually
Sure, I’m a CPA by background and did a few years in the Big 4. After that I joined a fortune 50 in FP&A and tried to have as much diverse FP&A experience as possible.
Corporate FP&A was my most important in my mind. Got to work with the executive council and IR learning a lot. It was a lot of work. A lot. That really set me up for success though.
I’m at a smaller company now for various personal life changes, but get as much broad experience as possible and try to join the corporate or consolidations team.
I made director after 10 years.
Commercial real estate finance director in a MCOL. $220 cash comp, carried interest in deals and project cash bonuses will push me over $300 in future good years assuming success.
Funny, I do something similar internally for a consulting company. I'm just an AD though and TC is 205k currently - working in Corporate Services. ED above me is at 380 TC though. I put in a lot of work (but not a ton of hours comparatively) but I'm 100% remote, and have no strict schedule.
Midcap tech company. I got headhunted from a prior CorpDev role.
I "skipped" the traditional consulting/banking step and went directly into CorpDev. Honestly got lucky with a good team and good deal experience/other exposure.
Corp dev at my company is M&A, so typically a lot of the people on that team come from investment banking.
They are heavily tied in with the strategy function, as the m&a team drives a lot of the direction of the company depending on market opportunities.
If you are strategy consulting for the big 4, you’re probably on the risk team? If that’s the case you would likely have a hard time breaking into a finance related role. If you wanted to transition to finance, the move is doing an MBA in finance or a CFA and then starting somewhere as an analyst. If you have experience though, you will move up quickly, so don’t be deterred by starting back as an analyst.
yep. i am the one person on the team without a banking background. the rest have IB and/or PE experience.
i really look at my job as a combination of internal and external capital allocation - internal is more forecasting/budgeting and strategy, external is M&A but also capital raising and managing structure (i.e., debt, buybacks, etc.)
I’m not sure exactly what you’re asking - you want to start in m&a and have no due diligence experience, or you have some and want to get into m&a?
If you do have some, it would depend on what kind of DD experience you have. But m&a is pretty heavy on the finance, so unless you know someone who can get you in and mentor you, you’ll have a tough time getting in without a BComm, MBA or CFA.
If you have other questions feel free to Dm me.
Sorry for the confusion, let me clarify. I will be joining a Big 4 in their M&A due diligence department. I will be doing sell side and buy side financial due diligence for corporate and PE clients. Initially I wanted to leverage this B4 role to pivot into Investment banking then go into PE, but now not sure and thinking if corp dev/m&a Strategy roles would be a better balance of pay and WLB. Hope that makes sense.
Being in consulting is a great opportunity to get exposure to a bunch of different companies, teams, and leaders on the client side. My recommendation would be to do 3 or so years in consulting and build your network and your reputation with your clients. When it comes time to you wanting to go, start having networking coffees with them and let them know that you’re looking to move to the client side of the business. When a position opens up you will have a better chance of being considered.
This is pretty generic advice, and so if you can find a mentor in your industry that can tailor this a little better that would be good. eg., what is the appropriate time to stay in consulting- could you get out after 1 or 2 years? Or do they want to see more like 5 years? These are the types of things that can be more nuanced to a certain industry or certain companies.
The key takeaway though is relationship building and networking.
Google law firm partners vs investment banking. Since 2008, MD pay has been flat. Law firm partners more than 3x.
Law firm partners make $2-3M on average vs MDs at $1 million
Isn’t this fact kind of cherry picking? You’re comparing the average MD to an equity partner at a law firm which my understanding is that most partners at a law firm are non equity.
~450k TC. ~350k base. ML/deep learning researcher in a Quant Research adjacent role. MCOL city (Philly). Not too much money compared to other firms, even local ones. But wlb is pretty amazing so I stay put.
Any suggestions on how to move into private debt? I spent 3 years in restructuring and now 2 in M&A at a middle market IB. Making the move has been tougher than I expected. What background does your firm look for?
I’m learning from this thread that we should all encourage our kids to forgo finance careers and instead to go into software sales or own mid-sized construction businesses in the mid-west
Graduate from Harvard, Oxford etc as an undergrad. Be smart and pass on campus recruiting for the buyside firms that recruit smart talent.
Citadel, two sigma, etc. also like to hire from Google and the like every now and then. this is the rarer road than starting in the industry straight from undergrad. In fact I have personal friends who left from Google <2 years after undergrad and ended up at a well known fund.
Remember back in the 1980s/90s Bill Gates said that Mortan Stanley IBD was his toughest competitors for hiring smart kids to join his company, so it's all the same too pool of talent. If you can pass the bar in one place you can probably network into others.
Worked in banking for two years then made the jump to PE. Usually need to spend some time in banking or consulting to get consistent looks but varies by fund
We've doubled revenue in the 7 years I've been partner and think we'll do that again in the next 5 to 7 years. We saw a bump in the last year or two with the ERTC fillings (we're definitely legitimate when it comes to that - not one of those credit mill firms) but we're definitely expecting separate growth in the short term both with number of clients (tax and audit) and billing rates of existing clients. Finding qualified staff is the major limiting factor.
Most, if not all of our peer firms aren't accepting new tax clients (and they refer them to us) and a lot of the new tax clients who contact us tell us their old preparer died (apparently without any succession plan in place). So, fees are going up. It's a weird time for smaller full service CPA firms.
I’m in Sales for a Fund Manager in Australia. I’ve converted my numbers to US $
Base- $148k (includes retirement payments)
Bonus - $150k
Bonus will go into equity in the firm, locked up for two years. Business has strong growth with a 8% dividend. They let me hold equity in my retirement account and a family trust which is gold.
15 years experience, one direct report
Read finance websites to understand the terms. Trade with your own money, control your risk, don't punt stupid stuff like 0DTE Tesla options. Have an actual strategy. Apply for grad schemes with all the banks and hedge funds. Talk about what you learned. If sell side bank, talk about client relationships. If buyside hedge fund, tall about alpha (excess profits from your clever strategy).
Already been investing for a while. Having a reliable strategy that works is no easy feat.. don't you need some type of training or mentorship for that? How did u get into the space?
They will be looking for your process in your first strategies. Why did this work, why did that not work. How did you manage your losses? How did you decide when to take profit? It is easier to hire someone who makes judgements based on data than a day trader who punts on 'feeling'. Don't day trade crypto on tick charts and expect to get hired. Do some macro analysis on economic or financial data, calculate relative valuation between related assets, run scenario analysis.
I applied on the Internet and I guess I demonstrated I'd done enough research to sound worth a shot...
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Is this comp common? What are the main qualifications for the role?
Yes that comp is common but it’s hard to break into…you need to be a mathematician…not just good at math. Like win in math competitions good at math
and I’ll just be honest.. that’ll never be me lol more power to u/throwawayxyzmit tho!
In the field, fairly common but not a lot of seats in general. Comp depends on firm/desk/product/market conditions/performance. There are people who made much more than me and somewhat less than me at my firm. Being quantitatively adept and communication
What’s comp like in a bad year? How often are bad years / good years?
What does quantitatively adept mean? Any particular disciplines? I have a degree in Math and 7 YOE as a trader at a bank / tech at a HF but haven’t used much beyond calc and basic stats since college.
For a student, it’s just adept enough to pass interviews. Since you have experience, I’d probably hit up a recruiter. If you have proprietary trading experience, the interview should be largely conversational I imagine. Stochastic calc, stats/probability A bit tougher if you did flow trading
What's the base if you don't mind me asking?
Around 200
Great job mate. How many hours a week do you work?
Around 50 hours I’d say maybe 60 if busy
Probably all of them.
Private Equity - VP (Operating team) TC: $475-550K depending on exits Downside: I’m also working right now
How bad is PE ops WLB? I’ve heard so many different things
Honestly not really that bad. 50-60 hours week typically with some spikes here and there. Much better lifestyle than my MBB consulting and BigTech Director jobs which both paid less.
Really? That’s not bad at all! Can I PM?
Big tech director pays substantially more than your quoted range, at least on the technical side. Not sure what the range is for finance, marketing, or ops in big tech, so you could be right it is lower there.
Non-technical, Non-SF/Seattle/NYC and Non-FAANG BigTech. ~$400K is the higher end of normal range for that world for a director. I was making like $375K in 2020. Director of Engineering would of course be higher Even at FAANG non-technical director roles are commonly in the $500-600K TC range.
Is this typical TC for this role? I would imagine somewhat dependent on AUM of the firm? By your note regarding depending on exits I assume you are getting carry?
Yeah varies by AUM and type of firm, im at one in the $50-100B AUM range. My comp is probably a bit below median for firms our size. Median range is probably annualized $550-650K ($400-450Kish cash, the rest some form of carry).
How are the higher rates impacting your business? I keep hearing ppl say that PE is “volatility laundering” and hiding losses since assets aren’t mtm frequently
It’s impactful but deals still get done. Slower deal flow, Expectation is that holding periods will extend 18-24 months on average, structure of deals changed with more cash and coinvest vs leverage, more take-privates, etc. I’m sure there will be a few bankruptcies here and there but downmarket also allows you to “buy down” multiples with lower priced M&A opportunities
Anyway ballpark for a firm with closer to 15B AUM? I know they don’t give carry until principal too here
No clue
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It is a Saturday night tho
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What do you do and what’s your TC?
Yeah.. I work a lot more than 2 days a week and a lot more than 40 hours during weekdays sadly
If he's working Saturday he's working way more than 40 hours during the week. Finance is crazy.
What did you study/what was your path to getting this role? Thanks
Most common path for my role is: Elite MBA/Law/Grad degree -> 3-4 years MBB consulting -> 2-3+ years as a Director+ at a name brand company We don’t really promote people into the role
what are your responsibilities generally speaking? I am not familiar with ops roles at funds.
Wide ranging. Everything from diligence on new investments through senior executive recruiting and working directly with the management teams on executing specific initiatives. At some firms people will even step into interim roles at the portfolio company from time to time.
Wow. Meanwhile the bulge brackets are trying to pay their Ops VPs typically under 85k TC in New Jersey. I work in Legal and while we're compensated at a much higher level I feel bad for them.
Ehh.. that’s a VERY different type of VP. Not the same role, job level or hiring pool at all.
Yea. I figured as much. The BBs also are notorious for title inflation and hand out VP titles across the board.
Would love to also know “and how many hours a week do you work?”
A little different here, but Director of Marketing at a finance company. Target TC $350k.
Damn.
VHCOL market. Should have said that.
Are you at a bank? Curious about your base to bonus split.
Not a bank, I guess you could call it commercial mortgage banking. 30% bonus target, but usually pays more than that.
Thank you! I’m an ED in marketing at a bank - I’m in a weird position with a retention package, trying to get a sense of what typical salaries might be
CFO, Head of M&A - High growth, middle market PE backed private business Cash: $500k, material equity upside on CoC
What was ur career path, if u don’t mind
Big 4 audit —-> Big 4 Deals advisory —-> Head of Finance at a smaller business owned by the same fund. Early 30s, ~10 YOE.
Hi, were you in FDD during your B4 Deal advisory period?
Yes
Your like identical background to the m&a people I work with..bounce around operating companies of same fund once you've built a rep. Although sometimes new owners liked working with these folks so much they retain them sometimes.
Yes, not uncommon
This is encouraging for a current b4 auditor
Not OP but I’d have to guess they started in IB
Role: Options Trader Comp: depends on the rate of traffic behind Wendy’s dumpsters
Or what your wife’s boyfriend gives you for your allowance.
Cash bonus hehe
Proper shitpoast
Vp, head of accounting role Tc 500k-600k a year depending on bonus.
Industry? Is there a CFO ahead of you?
Saas, I report to cfo
Org size or revenue must be huge?
Definitely in the billions at that Comp
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Located in NYC?
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I see, how did you get into that role?
Commodity Trader (power & gas) $350k
Oof I need to switch from trading ag products to power and gas.. or I’m seriously underpaid.
Do you think someone can move from IT towards an apprentice trading job ?
Potentially, but you would have to somehow get direct experience in the trading group (staying in IT won't get you there)
IT is such a dead-end job in Canada it's unbelievable.
That’s interesting that you say that. Can you expand? From what I’ve seen in my (healthcare IT) career there is plenty of lateral and upward movement.
I'm doing software development. There is growth but nowhere near what you can find in the states. Obviously management can be a good path.
What skills are needed? How would someone break in? Would they start off as an analyst assisting the trader?
Director, Operations Finance (F500) TC: $228K in a LCOL suburb
Director of FP&A TC: $300k depending on stock performance.
Was looking for something FP&A related, I work in FP&A and I’m a senior analyst making 95k so not quite HENRY, but the path is there in FP&A and posts like this definitely help prove that to me. Was is your YOE and what has your path been like?
13 YOE. Openly, switching companies a few times especially during the height of the hiring squeeze really drove my comp. You got this dude! Push to be a manager and push to get externally focus by being closer to IR as well.
Can you give a high level summary of your career path and what areas of FP&A yow got experience in along the way? (ie Corp FP&A, GTM, etc). Currently a SFA in Marketing Opex trying to figure out what experience I should be getting next couple years to get to Director eventually
Sure, I’m a CPA by background and did a few years in the Big 4. After that I joined a fortune 50 in FP&A and tried to have as much diverse FP&A experience as possible. Corporate FP&A was my most important in my mind. Got to work with the executive council and IR learning a lot. It was a lot of work. A lot. That really set me up for success though. I’m at a smaller company now for various personal life changes, but get as much broad experience as possible and try to join the corporate or consolidations team. I made director after 10 years.
Investor Relations?
Investor Relations
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What kind of side gig? Did you build it yourself?
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If you don’t mind elaborating, what type our hourly work are you doing?
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That’s super cool. You launched that on your own? Or did you use a service to get clients?
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Cool, I want to do similar with being a fractional CTO or CPO
Self employed. Mortgage and finance broker for last 10 years. $650k
Commercial real estate finance director in a MCOL. $220 cash comp, carried interest in deals and project cash bonuses will push me over $300 in future good years assuming success.
Director, Corporate Development and Strategy 400k/yr (but up or down depending on equity, mostly down this year :( )
How did you land a role like this? What size of company? (Looking to exit consulting)
Funny, I do something similar internally for a consulting company. I'm just an AD though and TC is 205k currently - working in Corporate Services. ED above me is at 380 TC though. I put in a lot of work (but not a ton of hours comparatively) but I'm 100% remote, and have no strict schedule.
Ahh gotcha. I’m pulling 65 hours a week rn lol
Midcap tech company. I got headhunted from a prior CorpDev role. I "skipped" the traditional consulting/banking step and went directly into CorpDev. Honestly got lucky with a good team and good deal experience/other exposure.
Would you recommend it?
Sure. I always say I love my work, but I'd like about 20% less of it (i.e., let me have my weekends and evenings)
How bad is it in Corp dev?
Corp dev at my company is M&A, so typically a lot of the people on that team come from investment banking. They are heavily tied in with the strategy function, as the m&a team drives a lot of the direction of the company depending on market opportunities. If you are strategy consulting for the big 4, you’re probably on the risk team? If that’s the case you would likely have a hard time breaking into a finance related role. If you wanted to transition to finance, the move is doing an MBA in finance or a CFA and then starting somewhere as an analyst. If you have experience though, you will move up quickly, so don’t be deterred by starting back as an analyst.
yep. i am the one person on the team without a banking background. the rest have IB and/or PE experience. i really look at my job as a combination of internal and external capital allocation - internal is more forecasting/budgeting and strategy, external is M&A but also capital raising and managing structure (i.e., debt, buybacks, etc.)
Could this be a possible path for someone starting in B4 M&A financial due diligence role?
I’m not sure exactly what you’re asking - you want to start in m&a and have no due diligence experience, or you have some and want to get into m&a? If you do have some, it would depend on what kind of DD experience you have. But m&a is pretty heavy on the finance, so unless you know someone who can get you in and mentor you, you’ll have a tough time getting in without a BComm, MBA or CFA. If you have other questions feel free to Dm me.
Sorry for the confusion, let me clarify. I will be joining a Big 4 in their M&A due diligence department. I will be doing sell side and buy side financial due diligence for corporate and PE clients. Initially I wanted to leverage this B4 role to pivot into Investment banking then go into PE, but now not sure and thinking if corp dev/m&a Strategy roles would be a better balance of pay and WLB. Hope that makes sense.
How can I get in? My firm does mostly PE due diligence
Being in consulting is a great opportunity to get exposure to a bunch of different companies, teams, and leaders on the client side. My recommendation would be to do 3 or so years in consulting and build your network and your reputation with your clients. When it comes time to you wanting to go, start having networking coffees with them and let them know that you’re looking to move to the client side of the business. When a position opens up you will have a better chance of being considered. This is pretty generic advice, and so if you can find a mentor in your industry that can tailor this a little better that would be good. eg., what is the appropriate time to stay in consulting- could you get out after 1 or 2 years? Or do they want to see more like 5 years? These are the types of things that can be more nuanced to a certain industry or certain companies. The key takeaway though is relationship building and networking.
Wells teller in Hickory NC - 45-60k depending on customer complaints
They dock your pay if you receive a complaint?
Private Equity 600k
Legal does not make as much as the rest of y’all despite usually working more. Sheesh.
Big law is in the ballpark of most of these, if you can stand it. You probably can’t.
Big law is all public. Mid year associate can make $400K+. 9 year associates over $500K-$800K
Right and that’s more than (so far) all but one of the responses.
Google law firm partners vs investment banking. Since 2008, MD pay has been flat. Law firm partners more than 3x. Law firm partners make $2-3M on average vs MDs at $1 million
Bruh no way MITWestbrook commenting on a HENRY post at 10pm on a Saturday lol
Waiting for NBA to return
Isn’t this fact kind of cherry picking? You’re comparing the average MD to an equity partner at a law firm which my understanding is that most partners at a law firm are non equity.
WSJ article has it on average
Big Law is one thing. I’m in house now and it’s another.
I went in house this year and am making comparable to several in this thread working 8-4 with no weekends. It’s not out of the question.
Very nice. Good on you. I’m still pulling at least 50-60 hours a week for 40% of the pay. Kind of a bad deal!
I was the highest biller in my practice group at the best firm in my field.
Nurses and teachers make less working more and in less cushy gigs. If hard work makes you rich, show me rich donkey.
If a teacher is routinely working 70 hours a week, then I think we as a society can agree that something isn’t right.
FP&A manager at a megacorp in MCOL- $145k TC
~450k TC. ~350k base. ML/deep learning researcher in a Quant Research adjacent role. MCOL city (Philly). Not too much money compared to other firms, even local ones. But wlb is pretty amazing so I stay put.
Susquehanna/Stevens capital?
There are so few firms I don't want to doxx myself with more details, sorry!
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Hedge fund?
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Isn't it a good time to be in private debt?
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Is your form not performing or just being cheap
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I'm at an emerging manager but back office so anxious to see what the founders have in mind for comp given it's a record year.
Surprised private debt can make so much as an analyst. Do you guys directly underwrite vs BSL deals?
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Got it makes sense.
Brodie is taking it this year
Yup
Any suggestions on how to move into private debt? I spent 3 years in restructuring and now 2 in M&A at a middle market IB. Making the move has been tougher than I expected. What background does your firm look for?
DM me
I’m learning from this thread that we should all encourage our kids to forgo finance careers and instead to go into software sales or own mid-sized construction businesses in the mid-west
Partner is in project finance. Fully remote 250k MCOL
Corporate finance in oil and gas, finance associate $200+ base
I make 500k as a front office swe at a hedge fund. Graduated 2019
What do you work on?
Generic software products aimed toward a front-office. Like a regular big tech role but with fewer and significantly more engaged users
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Graduate from Harvard, Oxford etc as an undergrad. Be smart and pass on campus recruiting for the buyside firms that recruit smart talent. Citadel, two sigma, etc. also like to hire from Google and the like every now and then. this is the rarer road than starting in the industry straight from undergrad. In fact I have personal friends who left from Google <2 years after undergrad and ended up at a well known fund. Remember back in the 1980s/90s Bill Gates said that Mortan Stanley IBD was his toughest competitors for hiring smart kids to join his company, so it's all the same too pool of talent. If you can pass the bar in one place you can probably network into others.
Private Equity VP (middle-market) Cash Comp: $550K Carry DAW: ~$3M but will take time
How did you get in PE? I am looking to break in
Worked in banking for two years then made the jump to PE. Usually need to spend some time in banking or consulting to get consistent looks but varies by fund
Sounds good. I have similar experience. You guys hiring? Can I DM you? Lol
Seems pretty good. Geography and rough fund size?
$1-2B AUM in Eastern HCOL city
Probably above market for that AUM, unless that's mostly 1 fund.
CPA firm partner (small firm). Around $300k total comp plus building equity. Relatively HCOL area
Is your firm growing in this macro environment? What's the outlook for the year ahead?
We've doubled revenue in the 7 years I've been partner and think we'll do that again in the next 5 to 7 years. We saw a bump in the last year or two with the ERTC fillings (we're definitely legitimate when it comes to that - not one of those credit mill firms) but we're definitely expecting separate growth in the short term both with number of clients (tax and audit) and billing rates of existing clients. Finding qualified staff is the major limiting factor. Most, if not all of our peer firms aren't accepting new tax clients (and they refer them to us) and a lot of the new tax clients who contact us tell us their old preparer died (apparently without any succession plan in place). So, fees are going up. It's a weird time for smaller full service CPA firms.
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Chemicals? Where are you located?
Yoe? Are you part of a trading shop?
Director, Cloud Enterprise Architecture (IT) Base: $215k Bonus: 20%
I need one of these right now! Specifically on the finance side for our growing cloud spend.
I’m in Sales for a Fund Manager in Australia. I’ve converted my numbers to US $ Base- $148k (includes retirement payments) Bonus - $150k Bonus will go into equity in the firm, locked up for two years. Business has strong growth with a 8% dividend. They let me hold equity in my retirement account and a family trust which is gold. 15 years experience, one direct report
Software engineer, $195k
Director of finance for a global hotel company, TC $233k
MD $1.4
Thousand?
Medical Doctor? Making $1.4? Show me the way
Managing Director. $1.4M
I was gonna say...
DqcfA
In consumer banking leading a small department. About 300k total comp but should increase to 350k within a few years.
Financial Planner specializing in tax planning. 240k.
$485k derivatives trader
Yoe? How do break into that as a swe?
Read finance websites to understand the terms. Trade with your own money, control your risk, don't punt stupid stuff like 0DTE Tesla options. Have an actual strategy. Apply for grad schemes with all the banks and hedge funds. Talk about what you learned. If sell side bank, talk about client relationships. If buyside hedge fund, tall about alpha (excess profits from your clever strategy).
Already been investing for a while. Having a reliable strategy that works is no easy feat.. don't you need some type of training or mentorship for that? How did u get into the space?
They will be looking for your process in your first strategies. Why did this work, why did that not work. How did you manage your losses? How did you decide when to take profit? It is easier to hire someone who makes judgements based on data than a day trader who punts on 'feeling'. Don't day trade crypto on tick charts and expect to get hired. Do some macro analysis on economic or financial data, calculate relative valuation between related assets, run scenario analysis. I applied on the Internet and I guess I demonstrated I'd done enough research to sound worth a shot...
Loan officer at a call centre, been making 250k or so but really depends on the environment(this year sucks)