What salary can I expect at large LO as research associate?
I would like to get any colour around salary at Capital/Wellington/TRowe as a junior research associate in London? I’m soon going to be asked my salary expectations and I want to get an idea of the current market.
Are you coming from a pod shop?
Based on the most helpful WSO content, for a junior research associate position in London, especially at large Long-Only (LO) firms like Capital, Wellington, and T. Rowe, the salary landscape appears as follows:
Base Salary: Typically, for a research associate at a Capital/Wellington/T. Rowe type place, you can expect a base salary of up to £60k. This is a general figure and could vary slightly depending on the specific firm and your negotiation skills.
Bonus Structure: The bonus for these positions is usually capped at 30% of the base salary. This cap is significant as it indicates the maximum additional compensation you can expect from performance-related pay.
It's important to note that transitioning from a Hedge Fund (HF) role to a Long-Only (LO) position often involves taking an initial pay cut. However, the compensation equation becomes much more favorable at a more senior level within LO firms.
Given your background coming from a HF role, it's wise to prepare for a reduction in your current compensation package. Yet, with strategic negotiation and a clear understanding of the market rates, you can aim to maximize your offer within the constraints of the LO compensation structure.
Remember, these figures are indicative and can be influenced by market conditions, your experience level, and the specific firm's compensation policies. It's also beneficial to consider the total compensation package, including any additional benefits and the potential for professional growth within the firm.
Sources: Q&A: Equity Analyst at a Sovereign Wealth/Pension Fund, London S&T Salary progression, I'm a Senior Sell-Side Research Associate, Q&A, 20 Most Frequently Asked Questions - London Edition, Q&A: Recent Law School Graduate at a T30
65k£ seems very low
Update: got offered around 120k£ TC.
Pretty happy, even if I don’t have any idea on the progression of this in the future.
What type of HF did you come from? Also how did base + bonus change from previous fund to now?
how many years of experience do you have?
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