Comp at L/O?
For L/Os like TRP, ACI, Fidelity, D&C, Capital, what is typically the TC for Post MBA associates and how does it scale up over time? I see base is usually 150-200k depending on the name, but bonuses for first year and then beyond seems to be a bit of a black box so would love to get some color for anyone that has it
I’ve heard anecdotally that you hit a mil at the top LO AM (capital, t Rowe, Fido, Wellington) year 5 post mba, and that you tap out as a career analyst closer to 1.5mil. But, would be great if others can confirm / provide concrete data points, incl starting post mBA SALARY
Maybe cut your comp expectations by half lol
I am at one of the funds you listed and have heard similar things
Cut that 5yr expectation by at least 30-40%
And given structurally rising challenges in this industry (comp has already come down for newer sr analyts) dream on about 1.5ml. That's a backwards looking number, look at incremental new analysts are they are coming materially lower
Also interested
300-350 post mba, 500 2-3 years out, varies from there. Probably 1mm like 10yrs out and not growing much beyond that without being a PM.
Is this for subscale LO AM? I head the large ones are closer to 450k starting and hitting $1mil year 5
lol, no. Idk where you are getting your info but no AM is paying a 5th year analyst $1 million. Unless they are truly a superstar and like going to be made PM early.
The numbers I referenced are for a scaled “top” private AM like the ones OP mentioned. The large public AMs start closer to $300 and scales a little slower but still $400-500 range 3 years out.
Thank you for the insight- are you at a firm similar to the ones listed? Would you be okay if I dm'ed you with some questions?
I actually connected with an alumni who is at one of these can confirm that first non stub year comp is $450-500k
Like I said, $500k 2-3 years in. Still a long shot from $1m 5 years out.
I have multiple friends at many reputable/scaled LOs 3-5 years post MBA grad and not a single one is above 650. I am at one too and at $450-500 3 years in.
At the top firms you may find starting first year comp at 400-450 (the very large LOs, top boutiques usually ~50k lower). But the scaling is completely wrong, you are not getting 1ml in 5yrs or even 800k in 5yrs...600-700k is what you get if everything works out)
I work in this industry with a decade of experience with friends at both large LOs and boutiques. I myself work at one of the boutiques. Above poster is on the mark
where do these folks top out as an analyst? I mean good but not the on the path to PM superstars. And and HCOL vs. LCOL adjustment?
Any info on undergrad?
lol like $110 to start, ramps to $200 all-in in 3 years.
how do ppl square these data points with the comments that large LO is the best job on wall street? is it the prospects of PM/partnership?
if 30+ year olds are at high 6 figs many years into MBA, vs. PE principal is that amount in cash + more in carry, IB Directors/jr MDs are at 1mm or higher for a much easier to attain job (obviously worse lifestyle), and SM/MM HF has right tail upside scenarios
who says its the best job on the street? Every job has its pros/cons.
lot of comments on here saying LO is best job on street esp at the wellington/cap places
Not a big fan of my job personally, but sr analyst in credit AM may be closer to paradise than equities bc passive equities makes sense (most capital goes to biggest companies by market cap), but passive credit (allocate to biggest borrowers by quantum of debt) just doesn't make any sense. I work in HY, so may be biased, but it appears systematic will dominate IG and eliminate the need for analysts. With that said, still end up tapping out $1.5mn max, although $5-600k is closer to reality for most. Doubt what has happened to D&C, Cap, Wellington equity strats happens to PIMCO, TCW, BXCI, GSAM liquid etc.
Agree 100% re: IG; thankful I caught the last chopper out to a PM seat even though more esoteric FI product. For those left the more illiquid/fundamental driven the FI product the better IMO and all better than equities in general (adjusted for extremes i.e. small cap equities maybe toss up vs. IG credit). Just curious are your numbers for analysts at the big places I assume?
They’re all a little different. But it’s $250-$450 out the gate. Mid 6 figures after a few years. High 6s to mid 1s tap out unless managing $ or partner.
Times have been tough lately, so there’s a lot of comp frustration at the heavy hitters (especially T. Rowe and Wellington).
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