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Another round of Guess The Salary!!!
03-19-2007, 08:16 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Another round of Guess The Salary!!!
OK folks, got a call from a headhunter last week. I'm not leaving my job, but I did talk long enough to get the details of the position she is trying to fill.
Portfolio Manager - Private client group of large regional banking - investment firm seeks portfolio manager. Will oversee approx $400M in client assets (60-100 accounts) and manage a team of 2 other juniors to assist with research and trading. Location is downtown Chicago, includes full benefits, salary, and bonus. 10-20% travel.
Requirements were 7-10 years experience in similar job, CFA charter or MBA,
Can YOU guess the salary and guaranteed first year bonus?
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Re: Another round of Guess The Salary!!!
03-19-2007, 09:23 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: Another round of Guess The Salary!!!
Uhhhh, $150k salary, $250k bonus?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: Another round of Guess The Salary!!!
03-19-2007, 09:29 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Re: Another round of Guess The Salary!!!
Brewer, if the bonus was that high I would be packing my desk as we speak
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Re: Another round of Guess The Salary!!!
03-19-2007, 09:40 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Re: Another round of Guess The Salary!!!
150K base + 75K bonus
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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Re: Another round of Guess The Salary!!!
03-19-2007, 10:16 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: Another round of Guess The Salary!!!
Quote:
Originally Posted by brewer12345
Uhhhh, $150k salary, $250k bonus?
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Not YOUR compensation package, HIS!!!
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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Re: Another round of Guess The Salary!!!
03-19-2007, 10:18 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: Another round of Guess The Salary!!!
Hmmmm.........Chicago............
$125K salary
Guaranteed bonus $75K first year
Non-guaranteed bonus $100k-$125K the next year
You'd be making $250K a year after that, with "good years" being higher.........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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Re: Another round of Guess The Salary!!!
03-19-2007, 10:20 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Re: Another round of Guess The Salary!!!
I'm definitely in the wrong "bidness"... :P
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Have Funds, Will Retire
...not doing anything of true substance...
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Re: Another round of Guess The Salary!!!
03-19-2007, 10:53 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: Another round of Guess The Salary!!!
Quote:
Originally Posted by FinanceDude
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Not my line of business, so I can only guess what a PM would make.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: Another round of Guess The Salary!!!
03-19-2007, 10:58 AM
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#9
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Recycles dryer sheets
Join Date: Jul 2005
Posts: 113
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Re: Another round of Guess The Salary!!!
Managing primarily mutual funds, equities, or FI?
I am guessing Northern Trust Co and 200 + 80 bonus.
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Re: Another round of Guess The Salary!!!
03-19-2007, 11:08 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: Another round of Guess The Salary!!!
$125k salary + $25k min bonus
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Re: Another round of Guess The Salary!!!
03-19-2007, 12:00 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Posts: 17,203
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Re: Another round of Guess The Salary!!!
I am guessing small bank here....
So, $90K salary and $15K bonus..
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Re: Another round of Guess The Salary!!!
03-19-2007, 12:16 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Re: Another round of Guess The Salary!!!
Boutros - All 3
I wouldn't mention the firm name, but somebody was warm.
And the winner is.....
Finance Dude!!!!!! You hit it right on the head. $125K base, $75K guaranteed bonus in year 1. "expected bonus" of 75-125K in year 2.
While I was flattered, I'm not going to be trading my 10 minute commute and dockers in for 2 hours a day on the train along with wearing a tie (yuck) and a "raise" that may never happen (they didn't tell me how they calculate that bonus)
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Re: Another round of Guess The Salary!!!
03-19-2007, 12:29 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: Another round of Guess The Salary!!!
Quote:
Originally Posted by saluki9
Finance Dude!!!!!! You hit it right on the head. $125K base, $75K guaranteed bonus in year 1. "expected bonus" of 75-125K in year 2.
While I was flattered, I'm not going to be trading my 10 minute commute and dockers in for 2 hours a day on the train along with wearing a tie (yuck) and a "raise" that may never happen (they didn't tell me how they calculate that bonus)
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So.............does that mean I qualify for the job??
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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Re: Another round of Guess The Salary!!!
03-19-2007, 12:43 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Re: Another round of Guess The Salary!!!
Quote:
Originally Posted by FinanceDude
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Well, I told them I'll take a pass, so it's still open!
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Re: Another round of Guess The Salary!!!
03-19-2007, 12:54 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: Another round of Guess The Salary!!!
Quote:
Originally Posted by saluki9
Well, I told them I'll take a pass, so it's still open!
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No CFA charter or MBA..............got the 7-10 years..............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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Re: Another round of Guess The Salary!!!
03-19-2007, 08:29 PM
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#16
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Recycles dryer sheets
Join Date: Feb 2006
Posts: 403
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Re: Another round of Guess The Salary!!!
Beyond salary it would seem like a stepping stone to bigger and better things. If you manage the $400M well you will catch the attention of bigger fish and they will either have to pay you more or lose you after a few years to someone else.
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Re: Another round of Guess The Salary!!!
03-20-2007, 05:30 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Re: Another round of Guess The Salary!!!
Quote:
Originally Posted by macdaddy
Beyond salary it would seem like a stepping stone to bigger and better things. If you manage the $400M well you will catch the attention of bigger fish and they will either have to pay you more or lose you after a few years to someone else.
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well, I'm already running a similar amount of money, and on top of that using methods that jive with my personal beliefs (lots of indexes, enhanced indexes, etfs, etc) Who knows what I would have to do there.
On top of that, this isn't the same as managing a mutual fund with $400M in it, it has far less prestige and upside. The only place to go up is either into management or sales, I'm not interested in either.
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Re: Another round of Guess The Salary!!!
03-20-2007, 07:52 AM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: Another round of Guess The Salary!!!
Quote:
Originally Posted by saluki9
well, I'm already running a similar amount of money, and on top of that using methods that jive with my personal beliefs (lots of indexes, enhanced indexes, etfs, etc) Who knows what I would have to do there.
On top of that, this isn't the same as managing a mutual fund with $400M in it, it has far less prestige and upside. The only place to go up is either into management or sales, I'm not interested in either.
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"With Great Power comes Great Responsibility" (Peter Parker's uncle)............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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Re: Another round of Guess The Salary!!!
03-20-2007, 07:58 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Houston
Posts: 1,448
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Re: Another round of Guess The Salary!!!
$400MM isn't what it used to be...that's for sure.
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Re: Another round of Guess The Salary!!!
03-20-2007, 10:16 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Re: Another round of Guess The Salary!!!
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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