Family Office Compensation
Hello! I would love to learn what the average salary for a first year analyst at a Multi-Family Office would be in a major city... would MFOs and SFOs have similar pay given similar AUMs? How would it compare to IBD base salary? Thanks!
Bump
Didn’t know family offices hired first year analysts
The average salary is somewhat variable; you'll likely be lowballed for the first year. It's a difficult industry to break into... They're basically doing you a favor by giving you a job in the first place. At least that's what happened to me. All you can do is suck it up and learn very high-level finance that some people don't learn until 3-5 yrs into their careers.
That being said- you will see some sfo/mfos with great first-year salaries. The AUM of an office doesn't depend on the number of families involved.
IMO: The salaries are better in IB but you're going to have to go through more irrelevant (if you actually want to learn/practice finance) sell side bs.
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