Once again, this year’s results showed that the more you make, the more you rely on the performance bonus or “carry”.

We define carry as the percentage of the fund profits that is awarded to the fund management team. This total number is typically 20% and that percentage is then divided between the management team. The average performance bonus represents 49% of one’s total compensation. We see a tipping point for the importance of carry for those people earning over $300,000 per year.


This year showed a shift in UK earnings vs. USA. London is apparently also feeling the impact of the market shift earlier this year. NOTE: UK accounted for 11% of the responses.

back to 2008 Compensation Report