Just got an offer from an ETF firm for FT. Don't really know too much about the industry, but apparently they're giving mutual funds a run for their money. My question is whether there is money to be made by working at an ETF firm. There's very few active managers unlike in the mutual fund space. Expense ratios are also lower, which lowers revenue and there's generally no cut of the profits taken unless it's actively managed.
My offer is on the Research side. There's only a few PM's at this ETF company, but they're all from top Ivies (H/Y/P/W) and all in their late 20's to early 30's. It's a decent sized firm in terms of AUM ($2 B- $5 B) but low headcount wise.
Base salary is similar to boutique IB, but bonus is capped at a certain percentage. All in I'm likely looking at low 70k's to mid-80k's.
Not sure if there's any kind of an ETF presence on this forum, but maybe AM or Mutual Fund people can provide me with some input as to whether this is a good industry to get into.
