Wellington Fixed Income?
Hey guys,
Considering a move over to the public side and am in the process with Wellington for a fixed income position (I’m coming from a private distressed/loan-to-own seat). I see a lot on this site about Wellington’s equity groups, but how does Wellington stack up against other blue-chip names for fixed income? It’s definitely not as big as PIMCO, but is Wellington FI still “Wellington” like people seem to rave about?
Bump
Yes - you still get all the benefits of Wellington (path to partner, culture, path to manage big money). Take it
Bump
I would echo the above point, I don’t think they have the same reputation in FI but perhaps they are investing in that part of the business to change that, it’s more just a function of how they built themselves.
That being said I would still absolutely take it, definitely viewed as top-tier place to be regardless for comp, culture, and career path. Also I think career wise getting in on something while it is still in growth mode is better than the alternative, especially when it’s attached to a name like Wellington.
Completely agree. I'd try to understand what their growth plan is for the fixed income business and how they want to position themselves in the market. Capital Group, Franklin, Nuveen and Barings are a few traditionally LO managers that are ok with using their size to be more aggressive in process situations and have also leaned into capital solution / credit opportunity products. I'd be stoked to latch onto that sort of focus as an earlier employee that could leverage a distressed background.
What does comp look like for a new Wellington analyst (3 YOE buy side), and what about like 5 years in (8 YOE buy side)?
Their FI AUM is actually around half of their total AUM despite their "bread and butter" being in equities. They've also been trying to build out a new private credit team across both their Boston and NYC office. I think comp for their RAs (most junior research role) is quite low but ramps up quickly at 4+ years of experience.
Super helpful comment. How low is “quite low?” And do you know what it might ramp up to once you hit 4ish YOE? I’m assuming this would be the transition to analyst
I was a summer analyst there and worked closely with many of the RAs. I believe $110-$140k was the all in comp for the out of undergrad RAs
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