Investment Management after MBA
What is the typical compensation range for an MBA (coming out of a top program) in investment management? Looking at Stanford GSB's statistics, it looks like the salary and signing bonus amounts to around $145k. What about end of year bonuses?
Also, what is the lifestyle of someone working in investment management? I'm assuming much more relaxed than an IB associate, but how much more?
Thanks for the help.
but yes, you won't be working 120 hours a week in investment management.
I worked as a summer analyst in IMD at a BB this summer and the signing bonus/salary you mention sounds right. I was in private wealth, so how much people were paid was totally dependent on how much money they were managing, so there was a huge range. I imagine some of the new guys with few clients don't get paid much but then some of the other managers that have a lot more under management can out earn banking MDs
http://mbacareers.wharton.upenn.edu/report/funccomp_2.cfm
I've looked at several employment reports at the top schools. Its generally around $170K in first year all-in guaranteed comp (including guaranteed YE bonus). Not sure about growth but I hear the big shops steadily pay at least $200K for all in for the first few years.
You'd be surprised by how lite the hours are in equity and fixed income asset management. Bankers are at the whims of billion dollar clients & have to respond at lightning speed. Asset management is slow and steady – not very client oriented or labor intensive.
Exactly, how light are the hours? Also, how competitive is it compared to banking, PE, etc (in terms of getting hired)?
bump pleaase
He's not talking about PWM. I think he's referring to shops like T. Rowe Price & PIMCO
60-85 hours per week, depends on firm and group Very, and increasingly, competitive.
Top buyside employers such as PIMCO are way more competitive than any IBD position. Great hours, decent pay.
bump
endlessrain is correct. Dozens of spots at BBs for every desk at a PIMCO-type.
Can anyone confirm if these comp figures are still accurate?
Post MBA Investment Management Salary (Originally Posted: 05/11/2012)
Anyone have an idea of the post-MBA salary for someone going into investment management? I'm trying to do a cost/benefit analysis and see if an MBA will really help boost my salary. I've got 6 years of experience and make over $120K now in a marketing/client service role at a top investment manager.
depends if you can move from a marketing/client service role to the FO
My plan isn't necessarily to move into PMG or research. I'd probably stay in a market role with more of a focus on institutional sales.
I'd say 100k-120k salary range.
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