Asset Management: Top PM Career Path

I'm currently an Equity Research Analyst at a small Asset Management company (USD ~1bn AUM) based in an emerging market, in a city other than the country's major financial hub. I've got into the firm straight out of undergrad (top tier non-target) to work as an Execution Trader and performed this role for 1,5 years, then switched to Equity Research (I've been doing this for 1,5 years now), covering different sectors for our long-only equity funds. Meanwhile, I managed to pass CFA's Level 2 test. The main issues with the place are:

1) Pay is very low - it pays very poorly even when compared with low-end finance jobs like commercial banking or corporate finance. Total Comp can be good if the funds perform very well, since the bonus is 100% dependent on that. But fixed salary is really low.
2) There's not much else I can learn from senior colleagues - I had a senior ER Analyst colleague that taught me a lot about the job. He left half a year ago and today I'm the eldest analyst on the shop (my PM used to work as an analyst, but he only did the job for 2 years and can't teach me much anymore). The other analysts at the firm are younger than me and have less experience as well.

My life goal is to become a respected, well-known (and paid) fund manager. Since my PM boss will soon move up the ladder, I'll probably make PM in the next 2 years if I stay at the company and do everything correctly. It sounds really nice, but my fear is that our fund is never going to be competitive enough since we don't have much combined experience in our workforce (we don't usually hire experienced people). That, combined with the feeling that I'm making a lot less than I deserve, makes me question whether I can reach my goals while working at this firm. From what I gather, my options are:

1) Leave the firm and join another (preferably larger) AM firm as an analyst, learn a lot from the senior colleagues and start the career progression all over again, hoping to make PM one day at a more competitive place.
2) Leave the firm and join an ER Division at a large IB, gain industry experience and put a well-known company name at my resumé, leveraging that into another AM offer years later.
3) Leave the firm and join a Corporate Development division at a large firm. Use the industry specific knowledge and experience to leverage an offer at a specialized AM/PE fund years later.
4) Stay with the firm, make PM in 2 years (probably with below average pay) and try to beat the market and the AM industry when all the odds are against me.

I'm sorry about the long post, but this is really messing with my head. I'd like to see other people's opinions about this. What do you think I should do? Are there other interesting options that I didn't take into account?