SPG Sales Comp
Hi all –
I'm coming from a background around securitized products, ABS/RMBS/CMBS, both buyside and sellside in different capacities. I'm mulling going back sell-side but have never sat in a sales seat and may be offered a position there. How does comp look for an Associate2/Associate3 SPG Sales for a BB that's on the top 10 league tables. Please break down realistic comp by base/bonus.
AO2/AO3 probs 130-150/50-70 if ur not a dum dum
really rough estimates since top 10 is still a bit broad and pretty sure shiti sec prods is top 10.... its sales so no technical ceiling at D/MD level
AN0-AN2: 110-130/10-30
AO/AVP: 130-150/0-70
VP: 175-250/10-150
D: 250-500/30-500+
MD:250-500/50-1m+
In the specific product, lets say they're normally in the #5-8 spot.
Those ranges you provided are extremely wide. Does anyone have a range that is closer to the mean.
Best guess at ranges, maybe with the bases going up the comp at the junior level is a bit higher? Traders get paid a bit more and if they have an outsized year can move up faster.
Analyst- 135-175K
Associate- 200-300K
VP- 300-500K
Director- 500-750K
MD- 1-3MM
Do you actually want to do sales? Its not hard but I hear a lot of former traders/buyside guys who end up in sales tell me it was harder than they thought it would be. You kinda gotta want to be there
Thanks for your response. For me, it's not necessarily about wanting to be there. I like the product as an asset-class which is where most of my background comes from. And feel I'd have more "safety" in the sell-side than a buyside investing seat. Ofc no seat is safe, as individual and group performance trumps all, but I feel there's just a lot more at play on the buy-side, having come from a prior sell-side seat.
My buyside tenure was very short and a long time ago so can't really speak to how "safe" one seat is vs another but just from sitting on the sell side for a long time it feels like the buyside turnover is more steady and predictable. On the sell-side it seems like nothing changes for years and then all of the sudden something happens and you see a bunch of very senior guys with a ton of tenure at a firm get blown out and then a massive game of musical chairs starts. At the end of the day it comes down to what you prefer to do and how much you can get paid doing it.
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