$335,000 for entry-level hedge fund analyst

[cmb]

if you can average 1R per day (2 pts, with 1pt stop). lets say 25R a month profit average (probably to the low end for a guy like DBfpheonix. I would ask myself why I would work for the man, the answer would be to put it on my resume.

ES is so liquid you can scalp 10-15 contracts easily starting at 4am and ending at 4pm (liquidity drops at market close.)

you risk unit is $1500 x 25 average = 37500 a month before comissions sitting in your underwear.

Or you could choose to work 100 hours a week for maybe a little more money.....like I said, only to put it on the resume, not for anything else

 

[toc]

Quote from cmb:

you gotta wonder what a person is doing with his 300k. Spending 2k a day in the hamptons all summer?

300k is plenty to live on in NYC as long as u doint lose your mind and start burning money just because you make 10k every paycheck.

My brother lives in Brooklyn on about 40k...Rent, Food, Papst Blue Ribbon beer and weed.
Obviously he doesnt have a family or started saving money yet, but I doubt entry level analysts are doing much more then doing coke and chasing tail around the city.

The investment banker case in that story had most of his money going to rent in manhattan and two kids in private schools.

how much is rent in brooklyn for one bedroom apartment? $1500 or more? that's too much for $40K guy. would like to be involved in NYC but not live there. traffic alone will make me a semi-killer of sorts, like most of the NYCs are.

 

[cmb]

probably not going to find a private apartment around 1200-1500.

my brothers first apartment had 6 people living in a 4 bedroom loft. (2 couples to a room, and 2 singles). he paid only 800 for it. the one he is in now is 1000 a month, split with 4 people. hes cheap on food, never eats out. defintely a minimalist approach

Brooklyn is defintely livable if you are willing to split the aparment with 2 or 3 people for under 1500 a month. Dont know if you are wanting to work for a firm in the NYC area, but brooklyn to wall street area on the train is not more then 30 minutes. Pretty easy.

 

[eurusdzn]

You guys are in this industry so may i ask. CMB, what are this analysts actual duties?
I read Ray Dalios Bridgewater philosophy of generating alpha from many streams that are uncorrelated so my guess is that a young analyst would be assigned a specific area,
Such as "northen Europe sovereign fixed income" , and use the firms analytical tools to organize data to be sent upstream to portfolio managers where allocation decisions are made.
Is this close or not? I am just curious here. And if i am resonably close then 350k seems
Like a fine opportunity to me for these type that will kill each other for advancement to a much bigger payday.

Daytraders not paying FICA and Medicaid probably end up in boxes in NYC.
Oh, "Red Sox Nation" but i do love New York.

 

[cmb]

actually I'm not in the business yet. Don't know if I want to be either.

Someone else will have to chime in on the day to day jobs on the Market finance subject. They probably work in a sector and create price models of revenue and then take a guess at a price target that might come true in 6 months.

My friend working in a private equity firm is basically creating spreadsheets/models/graphs for companies that his firm/fund is interested in purchasing, and showing estimated returns over a targeted period.

 

[Maverick74]

I'll cut my right nut off if one guy on this thread can produce sheets showing he is making 2 handles a day net for a period of one year trading ES. Shit I'll cut one off if one guy on this thread is even profitable. Shit, I'll cut both nuts off if anyone on this thread even trades for a living. OK, scratch that last one, I need at least one nut. But you get the point. The fantasy level on this website is at record highs. Must be Baron's new layout that has guys dreaming.

 

[cmb]

like I said before, it sounds easy on paper. But those entry level guys that make 335k (if thats even true., I imagine its much less then that) are doing a lot of grunt work. Probably the first 5 years you are working like a slave. Then if you are still there, u get promoted to a more logical position if you are talented and did as you were told for the last 5 years.


Personally I dont see the work/reward ratio for me. I prefer drawing a straight line on Emini charts and hitting the pool in the afternoons, but thats just me

 

[blakpacman]

Quote from Maverick74:

I'll cut my right nut off if one guy on this thread can produce sheets showing he is making 2 handles a day net for a period of one year trading ES. Shit I'll cut one off if one guy on this thread is even profitable. Shit, I'll cut both nuts off if anyone on this thread even trades for a living. OK, scratch that last one, I need at least one nut. But you get the point. The fantasy level on this website is at record highs. Must be Baron's new layout that has guys dreaming.

That's exactly my point, which is why it's better to have a hedge fund gig paying 335 Gs or even half that.

 

[Jgills]

i don't think this salary is for a person out of undergrad

 

[cmb]

Quote from Maverick74:

I'll cut my right nut off if one guy on this thread can produce sheets showing he is making 2 handles a day net for a period of one year trading ES. Shit I'll cut one off if one guy on this thread is even profitable. Shit, I'll cut both nuts off if anyone on this thread even trades for a living. OK, scratch that last one, I need at least one nut. But you get the point. The fantasy level on this website is at record highs. Must be Baron's new layout that has guys dreaming.

son if you can draw straight line....