What salary can I expect at large LO as research associate?
I would like to get any colour around salary at Capital/Wellington/TRowe as a junior research associate in London?
I’m soon going to be asked my salary expectations and I want to get an idea of the current market.
Are you coming from a pod shop?
Based on the most helpful WSO content, for a junior research associate position in London, especially at large Long-Only (LO) firms like Capital, Wellington, and T. Rowe, the salary landscape appears as follows:
Base Salary: Typically, for a research associate at a Capital/Wellington/T. Rowe type place, you can expect a base salary of up to £60k. This is a general figure and could vary slightly depending on the specific firm and your negotiation skills.
Bonus Structure: The bonus for these positions is usually capped at 30% of the base salary. This cap is significant as it indicates the maximum additional compensation you can expect from performance-related pay.
It's important to note that transitioning from a Hedge Fund (HF) role to a Long-Only (LO) position often involves taking an initial pay cut. However, the compensation equation becomes much more favorable at a more senior level within LO firms.
Given your background coming from a HF role, it's wise to prepare for a reduction in your current compensation package. Yet, with strategic negotiation and a clear understanding of the market rates, you can aim to maximize your offer within the constraints of the LO compensation structure.
Remember, these figures are indicative and can be influenced by market conditions, your experience level, and the specific firm's compensation policies. It's also beneficial to consider the total compensation package, including any additional benefits and the potential for professional growth within the firm.
Sources: Q&A: Equity Analyst at a Sovereign Wealth/Pension Fund, London S&T Salary progression, I'm a Senior Sell-Side Research Associate, Q&A, 20 Most Frequently Asked Questions - London Edition, Q&A: Recent Law School Graduate at a T30
65k£ seems very low
Update: got offered around 120k£ TC.
Pretty happy, even if I don’t have any idea on the progression of this in the future.
What type of HF did you come from? Also how did base + bonus change from previous fund to now?
how many years of experience do you have?
Voluptatibus ea dolores sed provident sed pariatur inventore. Dolorum rerum adipisci illo eum eum. Beatae optio et iure tenetur. Rerum voluptate aut neque voluptas quia laborum.
Debitis quis consequatur cumque illum. Deserunt voluptates et magnam omnis eum veniam eos consequatur. Voluptatibus ut laudantium odio architecto sunt eius. Omnis aut et deserunt ea voluptatem odit odit voluptates. Incidunt sequi autem reiciendis debitis voluptas dolores.
Ratione eos voluptate et voluptas velit. Perferendis ut voluptas officia et enim aut fugit. Voluptatem consequatur eos ut et hic voluptate minus ratione. Nulla quisquam reiciendis sequi et ad sit. Nesciunt porro aut maiores autem a illo consequuntur. Illum impedit numquam velit veritatis error.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...