Compensation Feedback

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goodbudfox

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Hoping for feedback on a compensation package recently offered. I am a CFA charterholder on the West Coast with a few (< 5) years of experience.

Base: 70-80
Bonus: 20-40%
Firm: Mutual fund with > $ 5 Bn AUM, good record, good people

I've made (substantially) more before but like the firm ... is this a market package at least? Am I stupid for taking this offer, when I might make much more elsewhere?

Thanks.
 
goodbudfox, you might get "chewed up" by the participants on this borad for asking such a question at such a time! Brace yourself!!
 
if you are making substantially more, then why are u moving?
Seems like quite a step down if your current pay is substantially higher.
 
A "troll" as in trolling for comp figures from posters?

Is it just me, or do quant jocks get all the respect these days, with $100k+ starting salaries?
 
You don't know who bud fox is. He is only the reason why gordon gecho's demise occured.
 
bud fox would be trolling for insider information. he would not be trolling around about his comp package.
 
goodbudfox - what type of a position is this? a junior pm? if it's not on a desk i would be weary.
 
I'm not sure what you mean by "not on a desk".

It's a buyside firm with a lot of AUM. Decisions are made effectively by someone else, but I would be an integral an part of the due diligence process. I would probably leave after a couple years if not offered equity; the firm's name would be good on the resume.
 
goodbudfox Wrote:
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> I've made (substantially) more before but like the
> firm ...

Why do you even consider offers which do not represent improvement over what you make now?
If you are a good professional (and you seem to be the one, with the charter and experience), you should have been sought for by employers, and you may negotiate some terms (to the extent, of course, but improvement over current earnings is something that should be granted
 
Where is the job based?

Why are you looking for a job that pays less than you are earning now?
 
West Coast
They have a good name and big AUM that will pad the resume
The people are professionals with excellent records
Should be able to hop to another job after with better comp
They are inflexible with compensation
I think I will learn more with them than with many other firms I've spoken with
 
West Coast of US or Canada?

If the firm is big enough and will give you a good career progression, it may be worth taking a sideways step and getting the resume boost for better long term prospects.......good luck with the job
 
If this job better positions you to reach your long-term goal (say, PM), then I wouldn't sweat it.

I walked away from a good career to a fixed income job. I would be making more now in my old job. But in my new career, I actually like the work, and I'm positioning myself for the job I really want. And, in the end, I'll make as much or more than I would have in my old career...doing something I enjoy!

Again, if it positions you better for that job you really want (your terminal job), then I'd go for it.

And, as with all advice, posted on these boards, take my words with a grain of salt.
 
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