Salary Progression / Exit Ops for Large Asset Manager?

Hello everyone. I just started working in Corporate Finance straight out of college at a large asset manager (Fidelity/State Street/Vanguard) in a M/LCOL city. Base is 70k and yearly bonus stretches my tc to 80k/yr for the first 2 years. 

My job is very middle of the road middle office. A little bit of exposure on the buyside to front office roles but otherwise textbook MO CF. 

When I was in College the paths I was focused on were more front office banking roles that had more clearly designed paths for salary progression. However, besides the standard 2 years as an Analyst to the next rank, there are no guarantees for progression beyond that in my position. 

Because I don't see a lot of feedback from people in similar positions at Asset Managers, if anyone could help weigh in on these questions:

1. Is experience in CF at a large AM more or less desirable to future employers in comparison to CF at a BB Bank or a F500 company?

2. What sort of compensation paths could one expect starting at a role like this? (Obviously more variable since one could get lucky, but maybe just an idea for someone who plans on moving around every 2-3 years)

3. Does it open up any future opportunities for front office roles at a different firm? 

Any feedback is very much appreciated. While perhaps in College I was a lot more heavily focused on front office roles, I still feel otherwise grateful to have a very solid paying job straight out of college. I'm asking these questions to help set new long term goals for myself and get an idea of how much I could be making at major benchmarks. In full transparency I would like to make a lot of money, even if that means more hours in the future. 

3 Comments
 

Middle office pays meh. The only lucrative roles in these asset managers are portfolio managers and their research analysts. You need to be either on quantitative track ( stem master/PhD ) or on fundamental track ( ibanking experience ). CF doesn’t lead directly to front office roles

But if you wanna a career in middle office role, this is a very good start.

 

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