My Age of Investment

  Chapter 934 Hierarchical Pyramid

   "I heard that William received a full 100 million U.S. dollars this time with just the bonus!"

   "Wow, my god, is it so exaggerated?"

  "Maybe more! You know that Lixia One is the hedge fund with the highest return in the world in recent years!"

  ...

  In the morning, in the office lobby on the 49th floor of the 40 Wall Street building, several white and Chinese employees were gathered together and chatted quietly, without noticing the bangs that were getting closer and closer behind them.

Several people expressed a lot of envious comments. A young Chinese man in his twenties suddenly said: "Do you think this bonus plan is fair? Our entire team, including researchers, traders, risk control and other support posts, all Add them together, and the total prize pool is more than 40 million US dollars, which is less than half of William's prize."

  An old employee gave the newcomer a look and sneered: "Fairness? Fairness is that you first rise from an analyst to a manager! Then you rise to a senior manager, and you can get hundreds of thousands of dollars in bonuses like me.

  If you are good enough to be promoted to the position of VP, you can manage a small team of four or five people, and then you can eat meat. I heard that our boss received several million dollars this time. "

  The newcomer analyst who asked the question was named Hou Xiaoqiang. When he heard the number of millions, he looked envied and said: "Is that so many? And it's just performance bonuses? Does not include half-year bonuses and year-end bonuses."

  As a senior manager of a veteran employee, he continued to show off, and said with a face of force: "Is this a lot? The real big shots on Wall Street, which one is not making tens of millions of dollars or even hundreds of millions of dollars a year?"

  Hou Xiaoqiang smiled and didn't answer the conversation. It was too far away and I didn't dare to think about it. He felt that the VP vice president was his next goal.

An old employee next to him almost couldn’t stand it anymore, and he laughed and scolded, “You guys are talking nonsense again. Shouldn’t the real big shots be shareholders like Darren and others? In fact, William is just like us, but only wage earners. But he is a working emperor."

  The senior manager grinned, hurriedly changed the subject and asked Hou Xiaoqiang: "Man, which university did you graduate from? What degree?"

  "I graduated from the Department of Mathematics, Tsinghua University, China. I came to the United States to study in the first two years and got a master's degree in financial engineering from the University of California, Berkeley."

After listening, the senior manager said in a flat tone: "Oh, your resume is still a bit thin. The few newcomers who came in with you at the same time are the worst. The other doctors are assigned the rank of Associate manager, and One seems to have jumped from a ****, and he is also a manager."

  In this regard, Hou Xiaoqiang can only laugh with him. Who makes this Wall Street? And it's also a top hedge fund.

  He had a classmate who had not interviewed Goldman Sachs two years ago, so he had to go back to study for a master's degree, and finally entered Goldman Sachs this year.

  I heard that in the interview, Envision Capital also passed the internship. His classmate's eyes were almost glaring, and then he began to feel the injustice of fate.

  This is because investment banks are all sellers except the self-operated department, and the team is large, so the demand for recruitment is also large, and it is relatively easy to enter.

  The New York office of Vision Capital is a hedge fund department, which belongs to the buyer. Dozens of people manage tens of billions of dollars of funds. The recruitment demand is small and it is difficult to enter. Moreover, it basically does not recruit fresh graduates, only those with work experience.

  Extending to salary, professional history and growth, hedge funds, the crown jewel of the financial industry, are also stronger than investment banks.

  Does investment banks have billions of dollars in revenue?

  Goldman Sachs CEO Bellan Kefan last year's income was only US$44.07 million, and the CEOs of several other major investment banks are almost at this level.

  If you want to get rich, you have to do hedge funds!

  A few people giggled for a while, and were about to start today's work. As soon as they turned around, they saw the bangs looking at them with a smile, and everyone's smile instantly solidified.

Liu Hai raised his watch and glanced at the time, and said without a smile: "It's good luck. There are two minutes left for the official working time. If I let me see you continue to do nothing like this during working hours, everyone , Fuck me all!"

  Several employees who had just gathered together for small talk immediately slid the chairs under their buttocks, panicking and distracting, all of them were frightened.

  Especially Hou Xiaoqiang, he is very afraid of losing his hard-won job. In addition to work visa reasons, working in a top hedge fund is also the dream of countless students at a top school.

  Even if they study in a prestigious school, not everyone can enter the financial industry. From the freshman and sophomore year, they have to prepare and compete. Every year, they squeeze their heads for internship opportunities offered by top financial institutions.

  Every summer vacation, the analyst and assistant positions provided by Morgan Stanley's summer program will receive about 90,000 internship applications, but the acceptance rate is less than 2%; Goldman Sachs's acceptance rate is also pitiful, with an acceptance rate of 2.06%.

  In contrast, Harvard University’s acceptance rate of 5.9% is quite high.

  And this is just an internship opportunity, it's just for investment banking.

  It is self-evident how difficult and lucky it is for him to join a new giant hedge fund like Envision Capital as a freshman.

  In the outside world, they are the pride of the sky, but on Wall Street, they can only be regarded as a small soldier, or at this moment not even a small soldier, they can't be in battle, they can only do some chores, collect and sort information, and pour coffee.

After Liu Hai scolded him, he left. Hou Xiaoqiang took a lingering look in the direction where the boss left, and then looked at his colleagues around him, one by one, all of them were in working condition, and he focused on the six-screen computer in front of him. Get today's financial information.

  I have to work hard too! Hou Xiaoqiang clenched his fists!

After Liu Hai entered the office to finish the work at hand, he took the elevator to the 70th floor of the building.

   "Come on? Come and play two shots!"

  Xia Jingxing was playing on the golf course in the office, and immediately greeted him when he saw Liu Hai coming.

   Liu Hai was not polite, picked up the club next to him, and played with Xia Jingxing for a while.

   "Not addictive! You can only putt, what do you think if you convert a floor of an office into a stadium?"

   Liu Hai smiled and said, “I can’t swing because the floor is not high enough?”

  Xia Jingxing nodded: "This is indeed! It's a pity."

   Liu Hai did not continue chatting with Xia Jingxing, and started talking about serious things.

   "Big Brother Jiang Ping is ready to do it. He said he missed the opportunity when he was too late."

  Xia Jingxing nodded, then asked again: "How about you?"

   Liu Hai smiled and said: “I naturally have to do it too! But you need to come forward and negotiate with several investment banks about the margin ratio.

  Vision Capital is not what it used to be, and it can be regarded as a credit guarantee on Wall Street. They can no longer cooperate with us based on the previous set of standards. "

  Xia Jingxing nodded slightly: "A reasonable request, I support it! But I don't have to come out to talk in person, right?"

   "Brother, that's tens of billions of dollars in funds, I am not qualified as an ED executive director!"

  Xia Jingxing smiled without speaking, and began to think about it with her chin.

  Now, as the development of Envision Capital continues to reach new heights, the scale of personnel is also rapidly expanding, and they have adjusted their ranks once.

   is divided into nine ranks: analyst, manager, senior manager, vice president, senior vice president, director, executive director, managing director, partner, etc., which can be understood as P1～P9 of Internet giants, and the basic salary is determined according to the rank.

  A strong trader can achieve results, and the bonus income can exceed the small boss vice president;

  The small boss vice president led a small team to do a good job, and the bonus has the opportunity to exceed the executives above the directors.

  The managing director is equivalent to the boss of the primary business department of Envision Capital. VC, PE, secondary market and other departments have only one managing director.

  At present, Liu Hai, Jiang Ping, and Abel are all executive directors of ED. Whoever stands out is the MD managing director of the hedge fund department.

  Relatively speaking, Envision Capital is relatively stingy in assigning ranks, and it does not spam.

  At present, it is only a company that has been established for more than three years, and it has spammed out ranks when it comes up. It will not be easy to get promoted in the future. You can't create a few ranks, right?

  According to Xia Jingxing’s knowledge, UBS has really done just that, creating a GroupMD above MD, and Goldman Sachs has created a PMD, also known as the partner managing director.

  This is also no way. Goldman Sachs has more than 2,000 MDs, and the ranks are completely broken.

  In Xia Jingxing’s grade planning for Envision Capital, analysts, managers, and senior managers are all grassroots employees;

  Vice president and senior vice president are several small bosses in a fund, belonging to the middle level, each responsible for an investment group/track, such as consumer, medical, technology, etc.;

  Directors and executive directors are the persons in charge of one or more funds;

  The managing director is the boss of a department, such as managing the entire hedge fund department.

  As for the partners above, they can get virtual shares of the company, also known as dry shares, and they will receive dividends from the company's annual profits, which is more advantageous than the current conditions for only taking "the fund and the department to create income" dividends.

   Liu Hai currently serves as the company’s executive director. In fact, his gold content is more than that of Goldman Sachs’ MD, at least as much as a partner of Goldman Sachs.

  Goldman Sachs has a lot of partners, with four to five hundred people. In addition to a high fixed salary, there are stocks, option awards, and the most important internal investment fund participation rights.

  Xia Jingxing is thinking about whether to engage in an internal investment fund in the future, it sounds like a kind of black-box operation, leaving good things to yourself.

  In fact, it is not his random speculation, because of the 500 million US dollars that Goldman Sachs invested in Facebook, 100 million US dollars came from Goldman Sachs' internal investment fund, and LP is a company partner. In the previous life, Goldman Sachs invested USD 450 million in Xiao Mazi, and a small part of the funds came from internal investment funds.

   “I will talk to Belan Kefan and McJin-Heng the other day, our rank is different from theirs, or simply send a letter of rank introduction to major Wall Street institutions, so that they don’t look down on others.”

  The corners of Liu Hai’s mouth twitched, and he said with a smile: “It’s not that they should be familiar with it after a while!”

   "Okay, I know about it."

  Xia Jingxing pointed to the desk not far away, and said, “There is an invitation letter on the desk. Go and see it yourself.”

   Liu Hai walked over with a puzzled look, and picked up the beautifully made invitation letter on the table. The cover read: The Chinese Finance Association The Chinese Finance Association in Chinese and English.

   Liu Hai opened the invitation letter and looked at it, and said, "TCFA invites us to attend the annual meeting?"

  Xia Jingxing said lightly: "Well, their association invited me last year. They didn't go there because of temporary issues. This year they sent someone to send it. You didn't come here for a while. You came across it earlier."

   Liu Hai smiled and said: "They have a normal attitude! Now Envision Capital is the leader in the Chinese financial industry in the United States. If you don't go, they will probably not be driving this way."

  Xia Jingxing smiled, and Liu Hai’s skill in flattering has increased day by day, and he has reached the point where it is easy to come by.

  "Not only invited me, but also invited you and Jiang Ping, do you think you want to check it out?"

   "Go! Why not go? After all, this is also a force, which is helpful to our career development."

  Thinking about it, Xia Jingxing nodded and said, “Okay, then let’s go to meet these Chinese financial elites in the United States.”

  (End of this chapter)