Asset management salary progression in London

Equities101's picture
Rank: Monkey | 60

Hello, I am an ambitious student with a passion for investing. I was wondering what is the total comp for an equities analyst in a large AM in London (think Schroders, Axa Investors, Aviva Investors... etc.). I know starting salaries are slightly less than IB, but how about salaries 5-10 years in? How about total comp once you make it to PM?

I have always wanted to be an investor and I am now in my final year at a target school in London and have got full-time job offer from a large asset manager in London. However, given the shift to passive and the voices I heard, I am scared that one cannot truly make it big when starting in asset management, I am passionate about investing but would want to earn ps1m+ in my late 30s and 40s. Can one do that by being a top performer in AM? I also have an M&A offer from a BB bank (Citi/BAML/Credit Suisse) and an invitation to an assessment center for jpm/ms/gs. Should I choose M&A over AM?

I also wondered how easy is the transition from AM to fundamentally driven HF versus doing that switch from IB. If AM comp is capped then moving to an HF could be a way to make more money when performing well and still being in an investing role but I wonder if banking could be better for that than asset management. Given my objective to become a HF PM and eventually starting one, should I start off at a reputable AM or in M&A?

Thank you all!

Region: 
United Kingdom

Comments (12)

Oct 21, 2019

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  • Investment Manager in AM - Equities
Nov 12, 2019

Search on Google "CFA compensation report". That should give you a good idea. $50-150k entry level. $100-300k mid level. $200-700k senior level. Rough numbers. Never going to be perfect. Trending downwards across the industry with lowering fees.

Nov 13, 2019

Thanks a lot, I will look at it right away. Do you think it is possible to make the transition from AM (equity analyst) to HFs (mainly long/short equity or similar)? Thanks for your inputs

Jan 26, 2020

Hi Equities101, I am in a similar situation to yours and I'm curious to know what decision you've ultimately taken on this and what swayed you...

Jan 27, 2020
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