How much PM/MDs (non partners) at large LOs make on average (e.g. MSIM, GSAM, T Rowe)?
Also, is there commonly a revenue share of profits even as a non-partner?
Focusing on the $5bn+ AUM world.
Trending Content - Hedge Fund Forum
| +28 | James Fishback | 10 | 8h |
| +21 | Future of L/S | 5 | 3d |
| +12 | Looking for Fund to Partner With - LMM Activist | 4 | 1d |
| +10 | SM L/S Compensation? | 3 | 1d |
| +9 | Moving from credit to equity? | 3 | 5d |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 2d |
| +9 | How to prep for credit HF? | 4 | 2d |
| +4 | Jensen Huang | 1 | 20h |
| +3 | Chefs at Pod Shops | 2 | 3d |
| +1 | Discerene Group | 2 | 1h |
Career Resources
It is highly variable depending on the person, and is the result of individual performance, fund performance, and company performance. Across the industry, it really just depends on where you work. At my company, PMs get stock and RSUs for their performance.
Say a 10bn AUM LO PM w 50-100bps net alpha per annum - avg?
Again I can't give a specific number. Usually you'll get some "cut" of the revenue of your fund, but it will all come in stock at my company.
The overall net worth of people at the company is also HIGHLY dependent on the stock price, and many PMs made rash decisions as a result of stock movements.
Had a family member that was a PM at one of the big LO mutual funds, you make absolute bank. $10M+ a year, clearing $20M in a good year. Do the math on a (conservative) .5% management fee and it makes complete sense - a $20B fund is spitting off $100M a year.
Et a qui sit omnis. Quidem ut est et sit nulla non. Architecto veniam pariatur et aperiam enim.
Fuga eius ipsam minus animi cumque et. Ipsum quas recusandae distinctio id. Sit aut amet et ipsa voluptas iure minus.
Impedit quibusdam occaecati quis corporis itaque. Quibusdam eum ipsam facilis tenetur magnam autem voluptatem. Quo voluptate ducimus non id velit.
Hic exercitationem id fuga nihil aut beatae voluptates. Debitis at eligendi facilis dolorum aliquid voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...