即使 @ 7数字不足?
So a buddy of mine works at a L/S fund that was up well over 30% last year. Over $5bn AUM, and only like 10-20 IPs. It's a name brand fund a lot of you would know. He's been there for over 4 years, and he made $1.5mm. For a "relatively senior" analyst to only make 1.5 bucks, seems kinda low for this situation, no? I've heard of 3rd year analysts making like double that last year. Dont get me wrong, that's a shit ton of money, just seems like he was underpaid. And he came up with good ideas and did good work, so were not talking about some nutjob here. Bright guy. Maybe explains why he never wants to go out anymore, feel bad.
What do you guys think fair comp should have been? For context, he did $1-1.2mm the year before and the fund was up like 15% or something lower than that...
评论 (25)
From the info you provided I'm not sure if there is enough to know what is fair comp. I think there are people who make careers out of figuring out what is fair comp
Probably depends a lot on his perceived contribution to pnl, no? I heard management at smaller funds often pay you based on the value they believe you add.
去年大声笑
Hard to tell with the info you provided.
要考虑的事情:PNL贡献,基金中其他人的资历(包括合伙人及其裁员),合同(他们同意什么条款?),跨栏(可能不是L/s),基金的费用结构(实际上是收集2/20?)等
Hard to tell if this person is a "relatively senior analyst" with 4 yrs. Hate doing this math, but with 20 investment professionals, 30% return ($1.5bln), 2/20 fees you have $300mm split among everyone.
你为什么关心他的生产?
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354manbetxIf he's questioning he is underpaid he probably is. But most people pause at the second question, can he achieve the same success elsewhere...
记得他并不是唯一一个每个人都在imf薄ks, year1 15% was x, year2 30% was 2x. It could be year3 is 8%, and he gets .8x. He just has not seen year3 yet...
thing is, even if he's underpaid unless he's an absolute rockstar it is going to be quite difficult finding a sustainable seat where he can pull 3-4 million (again, unless he's a total rockstar).
你可能会说,a guy making 8-figures at a fund with $5B AUM and a 30% return is underpaid. You could equivalently make an argument that the return was luck.
想知道这个地方的名字是什么。
最好说他的补偿不足,而不是不足。
Stfu
edit: seriously. Stfu
是的,这就是资本主义的运作方式。资本,不是劳动力捕获企业的绝大多数利润。您的朋友是否辞去了他的赔偿工作?要求更大的削减?资本所有者(合作伙伴)必须给劳动(您的朋友)的动力比保留他或其他具有同等价值的其他人需要多的奖励?
I'm not a communist / socialist but it's always hilarious to me when the people who ardently defend (and benefit heavily most from) capitalism suddenly see its flaws when it negatively affects them or someone they know.
This is such a strange post. How did you go from a guy making $1.5m/year that thinks he's underpaid and turn that into a criticism of capitalism? If making $1.5m and feeling underpaid is the biggest criticism of capitalism then I'll take that every day of the week. Better than being socialist and hungry.
Like really though what was your point in writing that?
Here, let me spell it out for you: OP's friend (labor) believes he delivered significantly more than $1.5mm of value to the company he works at. Unfortunately for him, capital reap the vast majority of the profits in the current system. In that system, he is *not* underpaid - he's being paid exactly what his value is to the owners of capital, rather than the value he's generated for the firm.
OP的朋友的薪水不足,并且受到过于倾斜而倾斜的系统(VS劳动)的伤害,或者他的工资完全正确,无权投诉。这篇文章仅是对资本主义的批评(尽管无意中)才有意义。
Again, I'm not a communist or socialist - I'm a firm believer in capitalism. I just think it's funny when people who most likely will shut down any dialogue by lower earners to get better compensated for their value (i.e. blue collar workers or retail workers) suddenly have some sort of epiphany about the relationship between labor and capital in this country when they feel they themselves are undercompensated.
Anyone working at a high finance shop making seven figures is a massive beneficiary of the capitalist system. They literally are skimming off the capital. This person would be making much less for the same job in a true communist or socialists state (where they would likely be working for a government entity performing the same function).
不管您认为自己薪水不足都没关系。是否有另一家公司可以付钱给您更多的钱。如果有更高的报价,那么,是的,您的薪水不足,然后去做其他工作(或将其用作目前的老板的杠杆作用)。但是,如果没有更高的报价,那么您已经使最大值成为可能了,那么您怎么能说自己的薪水不足呢?
Yup - if his is friend can't leverage his value for higher pay or lateral to another fund that will properly compensate him, him being underpaid only makes sense from the perspective of labor theory of value - which is a Marxist idea. Under capitalism, he is being paid literally exactly the amount he should be.
是的。他的薪水不足。
hard to say what is fair without knowing terms of his comp structure, but overall seems somewhat underpaid. would've expected $2-4mm. $1.5mm is max 60-70bps of the incentive fees, assuming $5b aum, 30% returns, and 15% performance fees. simplifying the math obviously.
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