When does pay get good? What makes pay good?
I saw the following post on the real estate thread, so wanted to repost in AM:
https://www.wallstreetoasis.com/forums/when-does-pay-get-good
Exited to a credit asset manager and pretty content with pay relative to lifestyle, but a lot of senior people have told me I'm in a great seat and that I'll be rewarded for it down the road. I have no visibility into what that looks like and was wondering if any senior folk can comment on how they think about juniors becoming value additive. I'm not quite comfortable with keeping my head down and grinding - just would like to have a sense of direction and whether I need to prepare to be pushed out 2 to 5 years in.
Asset managers want to align pay to impact.
Think about your value at all the big stages:
1) junior analyst- have to prove it all
2) more senior analyst- have proven you’re good, PMs trust you
3) junior PM- you are now a revenue generator for the firm
4) big shot PM- you are a huge and irreplaceable revenue generator for the firm
You can see why this isn’t a linear progression
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