What is AM compensation like?
Can anyone give a rough estimate as to how AM comp looks when at the start and mid-way through your career if working at a top mutual fund (Fidelity, Wellington, PIMCO) or a top BB? Is it plausible to break half a million in your career?
Thanks
bump
If you’re good and stick with it, yes. 500k after tax? That’s harder
Sub-Analyst (e.g. research associate) positions pay less than most other high finance positions at the same level (e.g. the entry level positions you can get from undergrad) but once you hit Analyst your trajectory increases a lot.
Very common for full Analysts to make the same as a first/second year IB Associate (so ~$250-350k) when they first start out and for more Senior Analysts to make closer to a buck (near $1M and certainly over $500k). PMs can be multiple million depending on AUM of the funds they oversee.
People outside of the traditional investment teams (so PMs and researchers) get paid a bit more than they would in other industries but nothing wild or crazy. Execution traders usually hover around ~$250-300k at the junior/mid-level stage and ~$400-500k as a senior trader.
Follow up question, why don't more people go into AM over IB? The hours seem better and while you make a bit less than them initially the numbers ramp up.
Because people actually consider the type of work they'll be doing and whether it fits them when choosing careers and jobs.
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