Best Response
HarvardOrBust:
If you have a group that manages $15b and collects a 1% fee for 25 investment professionals, you're looking at $6m pulled in per professional. 70k would be a rounding error at that point.

Am I thinking about this wrong?

Yes, you are thinking about this wrong. As a fresh college graduate, you know nothing and add no value. You are easily replaceable by dozens, if not hundreds, of other candidates who are just as qualified.

The reason you have a job is the hope that you are smart enough and will learn enough on the job to eventually add value. To give you an example, there is a team at my shop managing $150B+ (lets say 50 bps fee on average),with less than 25 professionals. They hired a couple of research associates fresh out of college in July. It is now late January and neither of them has made their first investment recommendation. This is not because they are slow, it is by design.

 

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