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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Anonymous Monkey

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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. ;)

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