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Anonymous
09/04/18 at 3:33PM UTC
in
Management

Junior Qualitative Analyst // 60K // Hedge Fund // NYC

Story: I didn’t do my research, didn’t have a finance background and had no idea what I was getting myself into. During my interview, I didn’t know what a market rate salary for a Junior Quantitative Analyst was for a boutique hedge fund. I was making $53k as a beauty buyer so I figured if I can make $60k, I’ll be happy because that $7K more than what I was making at the time and I assumed there would be opportunities for bonus. So I said my minimum salary requirement was $60k and he said there is no negotiation. I thought there was potential to make a bonus but didn’t speak up. It took me a year to realize that my peers were making double my salary. I left a 9-5 job for a small increase in salary which included an atmosphere that felt like a men’s locker room experience + insane working hours and a constant undervalued feeling. I just left the company.

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Anonymous
09/07/18 at 8:11PM UTC
I'm not surprised it wasn't a good culture either. A decent company wouldn't have allowed such a salary inequality. It's a short-term win for them, sure, but in the end, smart employees like you are just going to leave. Glad you got out!
Anonymous
09/04/18 at 11:40PM UTC
That seems really low for an investment analyst gig. Are you out of an ibanking program? It's been a while but I think I made something like $100k for an analyst role and that was like 15 years ago right out of i-banking. The fund I was at wasn't a "bulge bracket", btw.
Anonymous
09/05/18 at 12:47AM UTC
Yes. I quit after realizing my peers were making double+ more than me.
Anonymous
09/04/18 at 8:45PM UTC
Wow that sucksss, you got screwed.

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