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Feel like I just saw the same thing and was confused lol. I didn’t think controllers would make that much in a fund.
What does a controller in a fund even do?
I’m still at assistant controller/experienced senior fund accountant level but asking as someone who would be at that level of experience in 3-4 years
Obviously the chief accountant so in charge of supervising an entire dept, likely the last reviewer of any QE and YE tasks, overseeing any outside admin as well as dealing with the auditors and LP requests/investor relationship mgmt.
Unlikely to still be doing what I do regularly which is the analytical grunt work mgmt fee calcs carry calcs capital analysis etc
Scope of responsibility can probably vary based on AUM/Fund Size and by firm in general too
They pull 300-400K TC (base/bonus) all day long in NYC, but if they get carry on top of that now thats like an amplifier especially if the fund performs well. Trend spells out well for me hopefully 🙏🏻
I work as a controller at mid sized shop and I make 375k or so salary + bonus. And then I have an allocation of carry each year. It can range from 25-100k depending on fund returns.
KPMG, yeah I feel like 5-50 is all sort of the same tbh
Wow. How many years of experience? Did you start in fund accounting?
SA1 its not all roses, WLB can be hard to come by at QE/YE close and once you are pigeonholed in fund acct you are pigeonholed in fund acct and its nearly impossible to get out