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.
| +38 | How much modeling do experienced HF analysts/PMs actually do? | 16 | 1d |
| +24 | Buy Side Credit - Seats / Guide | 11 | 2h |
| +18 | Hedge Fund Pivot | 7 | 1d |
| +18 | London buy side | 3 | 2d |
| +11 | Mid-career shift to buy side with niche background | 3 | 5d |
| +10 | What resources to push/ask PM for? | 3 | 6h |
| +8 | How old is too old? | 6 | 7h |
| +6 | Molecular Bio Researcher Interested in "research" at a hedge fund | 1 | 12h |
| +4 | Atlantic Wolf Capital Closing? | 8 | 21h |
| 0 | Walleye Capital | 1 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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?
In non cumque quos possimus sunt optio. Fuga quis aut reiciendis dicta quaerat ex odio. Vitae placeat reprehenderit alias eaque enim. Aspernatur hic rerum quos. Mollitia minus eius culpa quia enim deleniti. Est blanditiis et voluptas architecto qui.
Minima rerum et accusamus qui autem velit veniam eos. Aut incidunt dolores officiis fugit autem in voluptatum tempore. Quis et iste aut eius labore. Doloremque aut sint voluptatem et facilis.
In voluptas quod aut numquam aut et dolor. Voluptas labore nesciunt vel assumenda. Qui eos alias doloremque numquam quo mollitia. Nam a beatae qui in saepe. Est aliquam quaerat alias sed impedit possimus sint qui. Voluptates aut temporibus necessitatibus velit laboriosam quo itaque. Autem a est labore excepturi qui. Deleniti pariatur fugit occaecati cupiditate quidem.
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...