3 ms·
That starting range is approximately correct, but the median is not $700k after 5 years.
by vostok 9y ago
That starting range is approximately correct, but the median is not $700k after 5 years.
- allenleein 9y agoso what's the num?
- vostok 9y agoI would guess that the median is around $300k if you consider only PM-track roles at top firms. It depends on the firm, but the typical breakdown will be somewhere between $100k salary plus $200k bonus and $150k salary plus $150k bonus. If you consider non-PM track roles then the average is lower and if you consider lower tier firms then the average is lower. That doesn't mean that nobody makes $700k -- there's a very famous example of someone at a lower tier firm who took home $10 million. There are firms where the PM takes the bulk of the money and little filters down to junior level staff. There are firms where by 5 years you're either fired or getting paid a lot. There are firms that hire relatively few people and pay junior level staff very well. I don't know if I would estimate as high as $700k, but the median here is going to be very good. These firms make up a small minority.
- allenleein 9y agoLike Two Sigma and Jane Street?
- arcanus 9y agoTwo sigma starts total comp for a recent PhD around 250k.