Salary for an entry role at Asset Management
Hey guys,
I’m currently working as an intern at an asset management company (AUM of over $10 bil). I’m likely to get accepted in as an analyst, but I’m really confused as to what the industry pay is like. As the numbers that have floated around this forum about AM pay is huge compared to what I’m getting paid as an intern currently. So I want to make sure i negotiate a fair pay when I get the contract for a full time role. Any help would be much appreciated, ideally if someone is in the industry and can give an honest answer that’d be great. As after the numbers I’ve seen on this forum, I feel I’ve been used as cheap labour for the internship lol.
From what I hear.... 85k salary + ~20k bonus (this can go higher).
Really lol. I’m getting under 4 times that for my internship currently.
Depends on the firm. Some will pay 150k+ base plus 100% bonus. Some are less than 100k total. Room for negotiation is very little for new hire anyway
Well everybody is used as a labor when doing internship.But you still need to go through it.
Yeah that’s true. But I just wanted to know what to negotiate as pay if they do offer the full time.
I’m working as an analyst fresh out of undergrad at a small shop and getting just north of ~70 all-in. Hours are very good though and I think the learning experience is tremendous.
What percentage of that would you say is base? do you think asking for half of what you're getting as base is reasonable?
About 80% of my total comp is base. The answer to your question is it depends on several factors like what is your base, CoL, responsibility, hours, etc. I wouldn't say its unheard of though.
IMO, in buyside ER it can be difficult to add value early on as the learning curve is quite substantial and the entry-level pay reflects that. It is more important to get to learn from smart people and put yourself in a position to add value later on which is when the real money comes. Ultimately, it is a results driven business and as a result I think at the beginning of one's career that development is the most important factor, not starting pay. Just my 2c.
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