Mutual Fund Trader Salary

LOW a lot lower than the banks and other buyside shops

The real $$ in mutual funds goes to the research people and PM's...that's what I've heard, can anyone confirm?

Understand how little amount of trading each day is going on at a mutual fund and the rules they have to follow to maintain 'mutual fund' status. You'd just be an execution trader for the most part. PMs anywhere will almost always (if not always) make more money than the traders in a situation like this.

What is a rough estimate in dollars?

I have heard from people in the business that the sector traders at FMR (Fidelity) make $150,000-200,000.

Is this utter B.S.?

FMR (Fidelity) and some of the larger mutual fund companies have the most "flow" out there. Goldman and all the other sell-side firms are begging them for their business. These mutual fund companies trade 10s of millions of shares a day (not just one mutual fund, but the entire family of funds).

Sure, the traders here are only "execution traders" but they are monitoring million share orders..... so, I would assume they would make some decent money. (Obviously not as much as some sell-side guy getting massive commissions to execute and shop their flow around for them) (or, for a private hedge fund where they make massive amounts of money in a bonus if the fund is up for the year)

you won't see that money until quite a few years later. PMs/research hold more power and $$$

I've been trading for 17 years now (sell-side). I understand the business. I know the PMs and analysts make more money....

I just wanted some insight as to how much a buyside trader, working at a large mutual fund company, would earn yearly (as opposed to the traders at mid-large asset hedge funds who make $250-750,000/year + bonus).

I college friend of mine got a job as a buyside trader and a very large AM (a step down from the ones you mentioned). This is his second year. I think he pulled in 100K w/ bonus. He admits though that he'd like to jump to the sell-side.