compensation for trader at start up. 100MM aum

SWScapital · Sep 8, 2008

5% raise to pick up and move is cheap. Real cheap.

No headhunter..no monster. Day to day contact with hundreds of PM`s gets you the occasional offer....it wasnt my first, nor will it be my last.

How the hell can someone read your mind? He may think like you do that 5% raise is adequate. Frankly I would laugh out loud if they came to me first way like that. 5% raise plus 100% of salary as bonus and you`re in my wheelhouse though. :-)

No nerves hit. It was a very strange thing to say, thats all.

In all honesty. I have no clue how to price this. So I guess I have to put up with some thrashing to get some ideas..lol

Quote from Hydroblunt:

Then ask for whatever you make now plus maybe 5%. This is not something you would need advice on, it's basic common sense. What does it matter what a trader at a start up makes if it's not in the territory of what you earn now?

Did they hunt you down out of the blue? I bet not, your resume is with a recruiter, probably via Careerbuilder or Monster. Or maybe you got recommended via a friend.

If the PM is that familiar with what you do, he knows how much you make. He does not need to ask you if he wants you that badly, he can just make that right offer.

And I see the golddigger comment hit a nerve, lol. No projection here, not my taste.

Hydroblunt · Sep 8, 2008

Quote from SWScapital:

In all honesty. I have no clue how to price this. So I guess I have to put up with some thrashing to get some ideas..lol

Does not sound like you want to make the switch to buy-side, why bother entertaining it? If you actually wanted to make the switch, you would take the same salary, since a) growth and b) bonuses are much larger.

It just comes down to what YOU want. Is it purely compensation motivated or do you actually want to go to buy-side? Sounds money is the only motivation. So just ask yourself how much it would it require for you to make the switch. Be realistic, since the PMs have a general idea of what you & your colleagues make, or at the least, can find out. Asking for a 200% markup is insulting, asking for a 50% markup because you actually enjoy what you do now is reasonable.

SWScapital · Sep 8, 2008

Fair enough.

Quote from Hydroblunt:

Does not sound like you want to make the switch to buy-side, why bother entertaining it? If you actually wanted to make the switch, you would take the same salary, since a) growth and b) bonuses are much larger.

It just comes down to what YOU want. Is it purely compensation motivated or do you actually want to go to buy-side? Sounds money is the only motivation. So just ask yourself how much it would it require for you to make the switch. Be realistic, since the PMs have a general idea of what you & your colleagues make, or at the least, can find out. Asking for a 200% markup is insulting, asking for a 50% markup because you actually enjoy what you do now is reasonable.