IG Credit Research Comp
Hi, currently a junior analyst at a B-/C+ asset manager. Supposed to be up for promotion from junior analyst to analyst so like that 3 years of experience mark. What wonder what is typical at that range for compensation.
Based on the most helpful WSO content, compensation for analysts in asset management can vary depending on the firm and region. For reference:
If you're transitioning from a junior analyst to a full analyst role with around 3 years of experience, you might expect your total compensation to align with the lower end of the analyst range, factoring in base salary increases and bonus potential.
Sources: CLO Asset Manager, Asset Management vs Investment Banking 101, 2018 Investment Banking Report: 8 Trends in the Industry, Life as a Top Asset Manager, Salary Progression in Asset Management
You might already know this…IG credit won’t pay well - you should pivot to something else
High risk of automation or a lack of headcount given its relatively less difficult and less margin compared to other credit
Plenty of IG jobs that don’t pay above $200k total (senior associate to VP level..which is insane)
Totally agree- there are some outliers like 500k but don't really make sense to me and at risk. Only paths that make sense in IG credit are PM and head of research etc.
Disagree with a lot of things said here even if general direction is right, coming from someone who worked at shops focused in both IG and HY. IG credit on average pays less because there's tons of hold-to-maturity insurance or pension mandates that are low touch but active mandates will pay competitively. The economics described aren't quite right either, as lower fees are generally offset by more assets. However, IG can require more headcount covering more index constituents and need more client service or distributions people to service the product so lower margin is correct. I won't say it's necessarily easier as, again, there's tons of AUM out there that will pay for top-tier performance for their risk profile. I see dealer quotes on bonds from time to time that I guess wrongly use some function of equity price and ratings bands so I'll take free performance from those who dare try to automate it.
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