IT engineer compensation in a hedge fund

[lolatency]

Quote from EquityGuy4321:

Hedge fund salaries are not as high as people on this forum think they are. For example, a senior director / partner at a hedge fund makes no more than $250k in salary. A less senior trader or analyst makes closer to $125k-$150k. However, these guys could easily take home multiples of those numbers in bonus IF the fund does well. If the fund is in the red for the year bonus is 0. This is the big difference between IB's and hedge funds. Salaries are somewhat higher at banks, and you can still get a bonus in "bad" years at a bank, but overall your bonuses will be smaller.

Coming in green without trading or investment experience your salary will be as low as $60k and your bonus in a good year will be about 20% of your salary. Good news is that if you are liked your compensation will go up fairly quickly. As far as a support/technology role, I would guess the going rate for an experienced person is about $80k-100k with a bonus up to 50% of your salary if the fund does well. Your mileage may vary and, for reference, these are all NYC-area figures.

They gave me a base of 100 at the IB, +40k guaranteed on the first year. I ended up working 9 months, getting the full 40 on the first year.

I'm not IT, though. I'm front-office business group, but work on software directly used by the traders. i.e., they yell at me directly. This position is garbage though, because the technical talent beside me is very poor. Or, at least, the talent that was there left long ago and there's a skeleton crew remaining that, I think, does not have what it takes. I'm seeing a dying ship where I am, debating putting out my resume again.

 

[riskcap]

How many others are working on Hedge fund database? If the co has capital expect on 60k-80k only if there are others on the project. Now if you are the LEAD P.M. then expect 125k-200k or more. What are you doing? How good is it? Who else has it? etc.

It all depends on the contract you signed. If you are an employee your screwed expect min. I hired on a contract basis for about 20k per month each Max rate 200k when I was writing into my NASDAQ MPID FIX API.

Those days are over. If your getting paid today just run to the bank while its still there.

M2cents