What are common entry-level jobs and compensation in Asset Management?

Hi, I'm currently finishing an accounting and finance bachelor's degree at a top 20 business school and will be pursuing an MBA degree right out of undergrad. While pursuing my MBA, I am hopefully going to earn CFA Level 1.

It seems that asset management entry-level careers are more ambiguous and investment banking entry-level careers are straightforward. For example, when I try and look up entry-level careers in asset management, I come across "associate", "junior analyst", "research analyst", etc. and investment banking is just investment banking analyst.

Are these all just different names for the same position? If so, what are some other common names? Specifically, what job title what I try to recruit for if I want to be in Long/Short Equity?

Also, what would be an average all-in compensation for my first job given my credentials?

Sorry for the wall of text, I'm extremely new to asset management. Any comments are appreciated. Thanks for taking the time to read this post.

2 Comments
 

Hi quantumsd, any of these threads helpful:

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  • Risk Management in Investment Banking I have accepted a Risk Management job at a large (too big to fail) bank in NY, i-banking division. ... What is the job like in terms of hours/pay/experience/exit opportunities? How difficult is it to move ... prestige, 1 being BO,say IT, and 10 being i-banking, what would you assign? How driven are the analysts in ...
  • Why Work in Asset Management? most common position at an asset manager out of undergrad) make less than in bankers (less than $130k). ... What is Asset Management? Before getting into the why, we first need to examine what exactly asset ... management is. In general terms, an asset manager is a fund that
  • Management Consulting Salary & Compensation, Average Bonus in Consulting same level in consulting, especially at the higher levels. There are hedge fund portfolio managers who ... Below is an estimate of all-in consulting compensation progression. This list has been compiled ... management! Consulting Industry report Management Consulting Compensation vs Finance Compensation So how does ...
  • Life at a Top Asset Manager background as it relates to AM, briefly: I spent 2006-2008 working for a top asset manager in an investment ... I like to consider this class of AM firm as a "top asset manager" or a "boutique asset ... management firm" or something along those lines. In a thread about Third Avenue (one such asset
  • AMA- Analyst at $1.5B Endowment Fund those of you who are in the same position I was. I am married with an 8 week old daughter, so my ... report if I got the job, which I know both of the interviewers liked. What is a day in your life like ... "day in the life" posts you see on WSO, all my days are different. 7:30-8:30am- Usually get into ...
  • AM vs HF: The Business of Our Business a long-only asset manager in a lot of regards, yet our fees are exorbitant in comparison. We could run on the ... of what the business itself really is when we say an Asset Manager or a Hedge Fund. I'll try to ... the kind of asset class the accounts are trying to invest in. Institutions like pensions, e
  • More suggestions...

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