IM - State Street - Advice?

I've been trying to reach a decision over the past couple of days - IM or IB. The question I can't seem to find a good range on is, what is the salary of an Investment Analyst (1st Year) at a large Asset Manager?

State Street has the largest AUMs - but at the same time, Vault's answers are only coming up in Fund Accountant - far, far, from what I'm trying to find. Does anyone know the answer as to what is a common salary + bonuses for a recent graduate to enter State Street Asset Management?

I'm looking for a path to PM excluding IB MBA Exit Ops.

For someone looking to work as a PM, is there a certain institution working at buy-side that would prove more advantageous than Street Street?

Thanks!

 

One thing to know is that the pay in IM is generally much lower than in IB. The difference in total comp is quite dramatic, as is the difference in lifestyle in these two careers.

I was an investment analyst in my former life; I'll be happy to talk offline if you'd like.

 

Asset management at a BB starts at 60k+10 sign-on+performance which varies (fy) 15-25k. 95k potential for first year, working 8:30-6:30...

Same exit ops to b-school, everyone from my BB this summer that left went to top schools... so, enjoy your twenties and roll into AM and you can always switch to IB later if you really need the $$.

 

I didn't realize the bonuses were that large. I'll take 95k for normal working hours any day of the week...

i read on vault's message boards that state street pays really low (like 30's), but I have no idea what position those are for. It may be really low level back office stuff or something.

 

well, that is also top bucket and only 2 people got that supposedly at the BB i interned at. But still, 85k for the hours (bottom bucket) is nice for the life... and I was told to expect typically a 5k increase in salary for each analyst year and a 20% increase in bonus(one person told me he got this... didnt ask anyone else) each year.

 

yeah thats what i was thinking, more around 55, especially for state street. i guess the sky is the limit as you advance in the industry and go to harvard mba. does anybody know what an IM salary would look like after 5 years for those that don't aspire to attend harvard?

 

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