How to Find Out How Much Your Boss Makes

REPLAY VIDEO
Your next video will start in
Pause
  • Info

  • Comments

  • VIDEO TEXT

Aug. 20 (Bloomberg) -- SumZero Founder Divya Narendra discusses the company's database that shows how much Wall Street professionals make. He speaks with Adam Johnson and Sara Eisen on Bloomberg Television's "Street Smart." (Source: Bloomberg)

The founder of some zero joins us now.

Everyone always wants to know what wall street guys are making.

How did you figure out how to do this thing?

It was to create a community where investors and other professionals could share their research . in other words, here's what i'm making.

The combination is one of a number of features on the site.

It is the only anonymous component.

We threw it out there as a test to see if people would like it.

They need that to negotiate.

That is what it is all about.

It is similar to glass door but no one build a targeted goal for the investment community itself.

It is a little different from other types of jobs because people might have a piece of the incentive fee.

Of course, the numbers very depending on performance.

You could say, how much does a technology analyst at a billion- dollar fund make in new york versus what a credit analyst would learn in a different city.

What do you think is the most effective aspect of the website and what do you want people to focus on?

The first thing we launched with was this notion of creating research.

We are pretty much the only place you can go to access detailed, fundamentally driven reports and discussing things like that on a very broad array of companies.

There are thousands of companies that are covered.

I would say that is the prime feature.

We have created a place for people to find jobs and network.

It is interesting.

It sounds a lot like facebook.

I know you are working with the winkle bost wins.

The twins are investors in our business.

They have been tracking for a number of years.

We were looking to raise capital and they were the first people i called.

You guys created the harvard connection which was the precursor to facebook.

This is been a theme throughout your career.

It is my second business and also happens to be a social network.

I think the part that is similar is like facebook, we've set out our membership.

To get on, does not like anyone can get on board.

We take the time to make sure the people that apply -- who decides?

One percent of our team kind of handles member vetting.

I get involved if someone is on the border or how much work strength they have.

So it is very selective.

And then they pay you a subscription fee.

They don't. it is free to ask us if you contribute.

If certain investors want access, they can pay where they don't have to share their own research.

It seems like it is replacing -- used to get 20 smart people and say let's get together tuesday night and bring your single best idea.

Is that your goal?

Or who want to be an alternative.

We think that the problem is when analysts issued recommendations, they are not allowed to have any skin in the game because they don't own the stocks they recommend.

If they are wronged it ends up not mattering that much.

We kind of straight away from that completely . you see hedge fund guys making crazy money.

We want to be an alternative to that.

As far as i know, we're the only place you can go to for this type of research.

For viewers who are intrigued by this discussion the website is -- sumzero.com.

We have a free newsletter that is insightful.

It is worth checking out as well.

Thank you for joining us.

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change