As an anecdote, I’ve gone to NYC several times to visit my friends from grad school and a few from high school up there. We’ll be out at the bars at 1 am on Thurs / Fri and we’ll be like did anyone call yyyyyyy? Everytime they’ve been at work while we were out actually living in the city. I did get the one banker to come out briefly one night a month after he’d moved to NYC and started his job, he said it was the first time he’d been out to a bar since he’d moved there.
numi Wrote:
——————————————————-
>
> AlphaSeeker and higgmond, are you guys in the
> investment management / hedge fund space? If so do
> you mind dropping me an e-mail? Have a couple
> questions about full-time recruiting post-MBA as
> far as skill-building, salary negotiation, among
> other things. I still have four more weeks in my
> internship and I want to make sure I’m picking up
> the most value-added skills that I can get. Happy
> to communicate more via e-mail at
> porcupines@gmail.com.
No, I’m b-val. Compensation is probably not at the level you’re looking for (less than the vice president with 16 years experience), but work/life balance is good and that is more important to me.
@Higg, If you don’t mind me asking? Do you work for a Financial Advisory? Investment banking? or Consulting firm? Or a firm that does some combination? Thanks.
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
1. CFA
2. MFE
3. 100% variable. partner at hedge fund, no salary but no cap either, all % of profit. expecting to grow to level of low six figs in 2012 which is sustainable for me.. barely broke even last year. at former firm left with $200k/year after 3 years exp. hopefully we grow faster… a $1mm yearly comp is foreseeable in 2-4 years.
4. 7 years
5. <<<< most important is happiness. I am at 9/10 on happy scale. I love what I do >>>>
Zesty Wrote:
——————————————————-
> @Higg, If you don’t mind me asking? Do you work
> for a Financial Advisory? Investment banking? or
> Consulting firm? Or a firm that does some
> combination? Thanks.
Median CFA salary: 113.5k
Median CFA yrs of experience: 6 yrs
Median Non-CFA finance salary: 95k
Median Non-CFA finance yrs of experience: 4.0 yrs
Draw what conclusions you may.
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
hobbes928, can you explain your thought process when deciding between hedge funds vs. asset management (long-only)? How interested were you in the short side of investing?
Zesty Wrote:
——————————————————-
> Results to date:
>
> Median CFA salary: 113.5k
> Median CFA yrs of experience: 6 yrs
>
> Median Non-CFA finance salary: 95k
> Median Non-CFA finance yrs of experience: 4.0 yrs
>
>
> Draw what conclusions you may.
What this says to me is that so far there’s no difference CFA or no-CFA
Because while the CFA salary is higher, it also has 2 years more experience. 2 years more in FO can easily get you 18.5k boost
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
Might be interesting to put all this information into a spreadsheet and do a regression like:
salary=a+b*bin_CFA+c*bin_graduatedegree+d*experience+e*experienced_squared
numi Wrote:
——————————————————-
> hobbes928, can you explain your thought process
> when deciding between hedge funds vs. asset
> management (long-only)? How interested were you in
> the short side of investing?
Numi, I was getting really tired of the sellside grind and given buyside jobs were very scarce, I would have gladly taken any buyside job available. Luckily however, I ended up at my #1 choice shop. The thought procress and what made it my top choice was the work life balance, great group of people I’d be working with and because there are a lot of travel opportunities that I can do at my own pace.
That said, if I had to choose to work at another AM or HF, I would choose AM because I have kids and a work-life balance is the single most important thing to me.
If I did not have kids and I was a little younger, I’d be more inclined to work at a HF.
To generalize,
Buyside AM = steady pay (but generally less than HF) + great work balance
HF = salary more volatile (can make millions but get fired next day if you suck) + hours tend to be longer
numi Wrote:
——————————————————-
> Thanks hobbes. Can I send you a few follow-up
> questions off-line? If so, please drop me an
> e-mail at numi.advisory@gmail.com. Thank you.
As an anecdote, I’ve gone to NYC several times to visit my friends from grad school and a few from high school up there. We’ll be out at the bars at 1 am on Thurs / Fri and we’ll be like did anyone call yyyyyyy? Everytime they’ve been at work while we were out actually living in the city. I did get the one banker to come out briefly one night a month after he’d moved to NYC and started his job, he said it was the first time he’d been out to a bar since he’d moved there.
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
numi Wrote:
——————————————————-
>
> AlphaSeeker and higgmond, are you guys in the
> investment management / hedge fund space? If so do
> you mind dropping me an e-mail? Have a couple
> questions about full-time recruiting post-MBA as
> far as skill-building, salary negotiation, among
> other things. I still have four more weeks in my
> internship and I want to make sure I’m picking up
> the most value-added skills that I can get. Happy
> to communicate more via e-mail at
> porcupines@gmail.com.
No, I’m b-val. Compensation is probably not at the level you’re looking for (less than the vice president with 16 years experience), but work/life balance is good and that is more important to me.
You can fondle the cube, but it will not respond.
@Higg, If you don’t mind me asking? Do you work for a Financial Advisory? Investment banking? or Consulting firm? Or a firm that does some combination? Thanks.
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
CFA
PhD
Last year’s W2 shows 247K but I live in a company-owned “guest house” ( Socal) and have an undisclosed under the table arrangement.
11 years
If I was willing to be miserable again in order to make money Id just sell heroin. IB is for greedy soulless geeks.
1. No
2. No
3. 70-80k (75k is prob what it will end up as)
4. 3 months….chicago…still living with my parents
just graduated…first big kid job
Many people do IB to lock in down on the resume for 2 years, with the intention to moving out.
Many to the buy-side.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
1. CFA
2. MFE
3. 100% variable. partner at hedge fund, no salary but no cap either, all % of profit. expecting to grow to level of low six figs in 2012 which is sustainable for me.. barely broke even last year. at former firm left with $200k/year after 3 years exp. hopefully we grow faster… a $1mm yearly comp is foreseeable in 2-4 years.
4. 7 years
5. <<<< most important is happiness. I am at 9/10 on happy scale. I love what I do >>>>
1. No
2. No
3. 115-120k
4. 1.75 years.
5. Male
1. no
2. no
3. 80 k
4. 0 years, since im not working in the industry yet.
5. male
1. Yes
2. No
3. >200k
4. 10 years
aut viam inveniam aut faciam
Zesty Wrote:
——————————————————-
> @Higg, If you don’t mind me asking? Do you work
> for a Financial Advisory? Investment banking? or
> Consulting firm? Or a firm that does some
> combination? Thanks.
A national valuation firm.
You can fondle the cube, but it will not respond.
Results to date:
Median CFA salary: 113.5k
Median CFA yrs of experience: 6 yrs
Median Non-CFA finance salary: 95k
Median Non-CFA finance yrs of experience: 4.0 yrs
Draw what conclusions you may.
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
Black Swan Wrote:
——————————————————-
> Alpha and Hobbes, what fields are you in?
Buyside AM
hobbes928, can you explain your thought process when deciding between hedge funds vs. asset management (long-only)? How interested were you in the short side of investing?
Career Coach -- www.linkedin.com/in/numicareerconsulting
How to Break Into Equity Research -- www.mergersandinquisitions.com/equity-research-recruiting
Zesty Wrote:
——————————————————-
> Results to date:
>
> Median CFA salary: 113.5k
> Median CFA yrs of experience: 6 yrs
>
> Median Non-CFA finance salary: 95k
> Median Non-CFA finance yrs of experience: 4.0 yrs
>
>
> Draw what conclusions you may.
What this says to me is that so far there’s no difference CFA or no-CFA
Because while the CFA salary is higher, it also has 2 years more experience. 2 years more in FO can easily get you 18.5k boost
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
Might be interesting to put all this information into a spreadsheet and do a regression like:
salary=a+b*bin_CFA+c*bin_graduatedegree+d*experience+e*experienced_squared
numi Wrote:
——————————————————-
> hobbes928, can you explain your thought process
> when deciding between hedge funds vs. asset
> management (long-only)? How interested were you in
> the short side of investing?
Numi, I was getting really tired of the sellside grind and given buyside jobs were very scarce, I would have gladly taken any buyside job available. Luckily however, I ended up at my #1 choice shop. The thought procress and what made it my top choice was the work life balance, great group of people I’d be working with and because there are a lot of travel opportunities that I can do at my own pace.
That said, if I had to choose to work at another AM or HF, I would choose AM because I have kids and a work-life balance is the single most important thing to me.
If I did not have kids and I was a little younger, I’d be more inclined to work at a HF.
To generalize,
Buyside AM = steady pay (but generally less than HF) + great work balance
HF = salary more volatile (can make millions but get fired next day if you suck) + hours tend to be longer
Thanks hobbes. Can I send you a few follow-up questions off-line? If so, please drop me an e-mail at numi.advisory@gmail.com. Thank you.
Career Coach -- www.linkedin.com/in/numicareerconsulting
How to Break Into Equity Research -- www.mergersandinquisitions.com/equity-research-recruiting
numi Wrote:
——————————————————-
> Thanks hobbes. Can I send you a few follow-up
> questions off-line? If so, please drop me an
> e-mail at numi.advisory@gmail.com. Thank you.
will send you an email later tonight.
Pages