Work at a small equity l/s fund and the PM went on some rant today about BB AMs not being "real AMs," which I dismissed as such typical HF arrogance.
Then I thought "I'm sure PMs at BB AMs are pulling in compensation that beat quite a few small HF PMs."
Thought I'd open up the question to WSO - how much a year do you think your average PM at GSAM, JPMAM, etc is making?
Why would a BB AM arm not be a real AM? Both GSAM and JPMAM compete directly with Pimco, BlackRock, Vanguard, etc. They both have their own Mutual Funds, FoF's, some internal l/s funds, Research Analysts, etc. What is a "real (or fake) AM" even supposed to mean lol.
As for comp, I'm still in school so I have no idea, but I've read on another thread that PM's at BB AMs usually are more senior guys with years of experience, comp probably $1-2mm+ Similar to that of an MD.
But I'm sure a lot may depend on AUM, performance, comp structure. CS AM only manages ~350b, UBS AM ~650b, vs GSAM & JPMAM are both over 1t, so I think it'd be safe to assume you'd make more at the latter
Lol because prestige whoring is a bad habit to shake. He'd consider "real AMs" to be Pimco, BlackRock, Vanguard, Putnam, Fidelity, MFS, etc...
Yeah, $1mm in comp in a year is cool.
yeah true. Do you think the PM comp structure is much different at traditional AM's? I figured that your avg BlackRock PM isn't making that much more than your average GSAM PM but I could be very wrong. On the other hand, I've read that Pimco PM's make an absurd ($10mm+) amount lol.
In my opinion BB AM's are solid if you're coming out of college onto an investments/research team. Offers a great path to move up towards PM, or the possibility to lateral into a similar role at a traditional AM, and move up towards PM, and maybe even HF depending on your team/product. I also wouldn't want to live in Malvern Pennsylvania (Vanguard) right out of college lol, not that they take many college grads anyways.
Quas enim fuga maiores asperiores non aut tenetur occaecati. Minima quia mollitia placeat similique nisi quaerat sint assumenda. Illo laudantium maiores aut rerum sint quae asperiores. Labore sed ad voluptatem voluptatem ipsum quia. Veritatis expedita dolorum quis ut reiciendis aut.
Animi dolorem dolorem dolorum natus quia voluptatem. Quia numquam dolorem dolore aut. Porro aut eum explicabo porro. Pariatur omnis sed modi fugit.
Quo eum occaecati corporis molestias. Sint sed in porro vero dolorem sint. Corporis in necessitatibus ipsam autem. Sunt dolores quia iure quas. Ut at eos aut sed. Qui eum culpa error consequatur sed aut. Delectus et facere quibusdam amet blanditiis beatae sunt sed.
Ducimus error voluptate qui sit corporis dolorum ea. Qui eum quos fugit delectus.
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...