Is $150K all-in low for a first year associate at a larger institutional firm ($50B+ Aum) Also in NYC/SF What should be market? Anyone have any surveys, etc?
Edit : Base - 120 , bonus - 25%
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Ah, the jungle of compensation figures! Let's swing through the vines of data we have here. Based on the most helpful WSO content, here's what we can gather about compensation in the finance realm:
Now, if we're talking about a first-year Asset Management Associate in NYC/SF at a larger institutional firm, $150k all-in might seem a bit on the lower side compared to the investment banking figures, especially considering the high cost of living in those cities. However, asset management compensation can vary widely from investment banking and within its own sub-industries.
The market rate can be influenced by several factors, including the firm's performance, the specific role, and the fund's focus. Surveys and reports from reliable industry sources or compensation data aggregators can provide more precise benchmarks. It's always a good idea to look at the latest compensation reports or surveys for the most current figures.
Remember, compensation is a jungle, and it's not just about the bananas – it's about the whole bunch: base salary, bonus, and any other perks or benefits. Keep your eyes peeled for the latest data, and don't be afraid to negotiate your worth!
Sources: https://www.wallstreetoasis.com/forum/investment-banking/2017-investment-banking-report-8-key-trends-to-know?customgpt=1, NYC MF Credit Associate Comp (recent data points, lateral move), As a First Year IS Associate, anyone close a big deal ($50 million+). What was your commission?, First Year Analyst Compensation, Is this associate compensation competitive?
Ah, the jungle of compensation figures! Let's swing through the vines of data we have here. Based on the most helpful WSO content, here's what we can gather about compensation in the finance realm:
Now, if we're talking about a first-year Asset Management Associate in NYC or SF, especially at a firm with $50B+ AUM, $150K all-in might feel a bit on the lighter side compared to the figures we see in investment banking and private equity. The market rate can vary, but for larger institutional firms, you might expect a higher figure given the cost of living in those cities and the size of the firm.
Unfortunately, I don't have a specific survey or report on Asset Management Associate compensation at my disposal. However, it's always a good idea to check out the latest compensation reports on WSO or reach out to peers in the industry for the most current data. Remember, compensation is not just about the numbers; it's also about the whole package, including work-life balance, career growth opportunities, and the overall culture of the firm. Keep that in mind when evaluating any offer!
Sources: NYC MF Credit Associate Comp (recent data points, lateral move), https://www.wallstreetoasis.com/forum/investment-banking/2017-investment-banking-report-8-key-trends-to-know?customgpt=1, As a First Year IS Associate, anyone close a big deal ($50 million+). What was your commission?, Is this associate compensation competitive?, PE associate comp
My first year was 180k all in, so definitely a little low. I work at a lifeco in one of those markets.
Firm size doesn’t matter as much for this exercise as plenty of AM type firms don’t pay that great. What is your YOE and average hours per week?
Agree, I think YOE & Hours, matters here..
Seems low. That’s more like first year analyst comp at my firm
I make $110k all in as an AM associate at a small ($1b aum firm) in a non-major market. 3 YOE and 40 hours a week. Hope this helps and curious what others think of this comp.
Some RE firms pay well, some don't. Well most don't pay great.
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