2022 asset management comp thread
There's one of these threads in the HF forum but I haven't seen one here and I think it could be helpful. Lmk if I'm missing any key info here. happy new year everyone
Position: Associate
Years since undergrad: 1yr
Asset class: Equities
Firm size: Large
Typical hours / week: 45-55hrs
Total comp: $155k
Position: Associate
Class of 2021 (undergrad)
Asset class: Equities
Firm size: Mid-sized boutique
Typical hours / week: 50ish
Total comp: $200k
Position: Analyst
Years since undergrad: 8
Asset class: Equities
Firm size: large
Typical hours: 50
Comp: $550ish
very helpful data point. How do you feel about your expected future comp progression?
Should be high six figures next year assuming better year? But making partner is the name of the game at my firm, that’s when the real money comes
Position: VP
Years since undergrad: 8yrs
Asset class: Credit - HY/LL
Firm size: Large
Typical hours / week: 50-55
Total comp: $550k
You done an MBA?
No MBA, joined after a few years on the sellside doing credit research.
what is LL? And what is the work that you do, still research based or portfolio management?
I would think LL = leveraged loans
As other poster noted it refers to leveraged loans. Still research based, only the PM will do portfolio management work so effectively everyone below regardless of title functions as an Analyst that does research.
How do you feel about the industry outlook for credit investing? i am working in equities and sentiment seems to be quite negative, but my understanding is that credit has done a lot better (in terms of performance and flows)
Do you mind sharing rough AUM bucket ( or > $50bn)? How did your fund perform? Also has most of your comp progression so far been backloaded?
Which CLO shops would you recommend working at?
Position: Investment Analyst (most junior position)
Years since undergrad: 1 year
Asset class: Private Investing arm of Top AM (Well, Fidel, Pimco, TRowe)
Firm size: Large
Typical hours / week: 50 - 60 hrs
Total comp: $165k
Position: Analyst
Years since undergrad: 2.5
Asset Class: Equities
Firm Size: Boutique LO w aum $50bn (NY)
Typical Hours: 50-60
Comp: $250k
Looks like pretty strong junior comp for a shrinking industry.
How has fund performance fared recently? SPIVA scorecard as always shows majority relative underperformance.
Wondering what the consensus over career progression in relation to shrinking fees is
Position: Associate
Years since undergrad: 1yr
Asset class: Equities
Firm size: Large LO
Typical hours / week: 50hrs
Total comp: $145k
Position: Associate
Years since undergrad: 9yrs
Asset class: Equities
Firm size: Small LO
Typical hours / week: 50hrs
Total comp: $240k
what did you do before LO? and how many years in LO?
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