Little bit of background on me:
- 4 years experience as a long/short equity analyst at a boutique (AUM $1Bn) buy-side firm in South Africa
- Currently my MBA at LBS in London
- Passed CFA level II exam (although not too much weight on this IMO)
So I am wondering what salary ranges are for someone looking for an analyst role at an AM/HF shop in London. Seems the bigger shops like Capital Group and T Rowe start at £80k/year for an MBA associate but seems low.
Thoughts?
There was a thread on this just the other day, not many responses (as expected) but there were a couple data points.
For what it's worth I've also heard the 80k at Cap Group from a recruiter, it's a legit number. It might be subject to a bump soon since they also take people from sell side ER w/ 3-4 YOE into that program and places like MS, GS and JPM now pay ER ASO1s like £100k base lol.
You should really be concerned about long-term trajectory rather than anything.
Wow, would the 100k be street? Heard from my trading friends that Asso base (albeit for trading) was ~75k at another BB
MS now pays 70k to An1s (I think progression is 70-> 80-> 90-> 100 or something). GS and JPM 60k+ to An1s.
Seems it's mainly these 3 out of the BBs that have matched IBDs base with all of FO.
Many banks still pay 50-> 55 -> 60 -> 75 tho outside of IBD.
- ik for a fact out of Undergrad in London for CapGroup / TRowe etc its all circa 100k pounds all in i.e. for associate analyst which scales up ( a lot) when you become an analyst
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