1st Year Comp for FO Asset Management?
Does anyone have a ballpark figure for 1st year compensation for an investment analyst position at a top-tier Asset Management group? Trying to figure out what would be standard street comp. Thanks.
Does anyone have a ballpark figure for 1st year compensation for an investment analyst position at a top-tier Asset Management group? Trying to figure out what would be standard street comp. Thanks.
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70k + ~ 15% bonus
How variable is the bonus depending on which firm/group you're at? Would you happen to have 2nd year figures as well? Thanks.
I've heard first year bonus can run anywhere from 15-40%
Wow that's a lot less than I expected. Is there a particular reason for this? I thought if you're a big revenue center you should be compensated better.
Thats more than I thought
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?
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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