Salary Progression in Asset Management

What is the salary progression at a traditional asset manager (e.g. BlackRock, Fidelity, M&G)?

As far as I can tell, first year base is around £40,000 and 20 - 40% bonus. How does this change as you move up the firm? From reading a few threads here, it seems the pay is quite low even as a PM.

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I don't know about undergraduate, but I can tell you comp levels for first year out of MBA at the long only investment management firms in equity research. Base salary ranges from $125k to $150k, signing bonus ranges from $25k to $50k, and end of year bonus is typically 1x base salary ($125k to $150k). As an analyst, your base doesn't change a ton, but your bonus can grow significantly. I don't know what associate PM's or PM's make yet, but hope to tell you in the future. ;)

 

Not sure if this report is annual or every two years, but generally I've found their data to be at least directionally accurate:

http://www.johnsonassociates.com/wp-content/uploads/2016/12/Another-Glo…

If anything, for the decent sized shops, comp numbers for analysts/PM's look pretty low to me. Generally comp is going to be pretty similar to banking for same-tenured roles.

 

In IB you don´t get paid more for staying longer, what about Asset Management? Do they pay overtime?

Don´t say this in a banking interview: Which superhero would you be and why? I want to be like Robin Hood, stealing from the rich and giving to the poor - me.
 

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