FYI I work for a mutual fund , between 400B - 1000B AUM, a good one (Capital Group, Wellington, T Rowe etc)

I entered directly out of undergrad, 1st year base 75k, sign-on bonus 5k, year end bonus 40k and additional 10% of base (7.5k) discretionary into my retirement plan in addition to the matching contribution.

So all in like 125k or so. I am outside of NYC, so tax and living expense is cheaper.

 
twopaths:
FYI I work for a mutual fund , between 400B - 1000B AUM, a good one (Capital Group, Wellington, T Rowe etc)

I entered directly out of undergrad, 1st year base 75k, sign-on bonus 5k, year end bonus 40k and additional 10% of base (7.5k) discretionary into my retirement plan in addition to the matching contribution.

So all in like 125k or so. I am outside of NYC, so tax and living expense is cheaper.

Your company manages a trillion dollars huh? Guess Blackstone needs to step aside! LOL. This guy is FOS.

We've got half a million shares in the bag!
 
Best Response
PeakLapel:
twopaths:
FYI I work for a mutual fund , between 400B - 1000B AUM, a good one (Capital Group, Wellington, T Rowe etc)

I entered directly out of undergrad, 1st year base 75k, sign-on bonus 5k, year end bonus 40k and additional 10% of base (7.5k) discretionary into my retirement plan in addition to the matching contribution.

So all in like 125k or so. I am outside of NYC, so tax and living expense is cheaper.

Your company manages a trillion dollars huh? Guess Blackstone needs to step aside! LOL. This guy is FOS.

Your dumb PIMCO.... manages 1000B and it isn't the only one... so do some research before you call BS.

source. http://www.ocbj.com/news/2010/jan/14/PIMCO-surpasses-1-trillion-assets-under-management/

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
PeakLapel:
twopaths:
FYI I work for a mutual fund , between 400B - 1000B AUM, a good one (Capital Group, Wellington, T Rowe etc)

I entered directly out of undergrad, 1st year base 75k, sign-on bonus 5k, year end bonus 40k and additional 10% of base (7.5k) discretionary into my retirement plan in addition to the matching contribution.

So all in like 125k or so. I am outside of NYC, so tax and living expense is cheaper.

Your company manages a trillion dollars huh? Guess Blackstone needs to step aside! LOL. This guy is FOS.

Hahahaha I feel so bad for you....

 
PeakLapel:
twopaths:
FYI I work for a mutual fund , between 400B - 1000B AUM, a good one (Capital Group, Wellington, T Rowe etc)

I entered directly out of undergrad, 1st year base 75k, sign-on bonus 5k, year end bonus 40k and additional 10% of base (7.5k) discretionary into my retirement plan in addition to the matching contribution.

So all in like 125k or so. I am outside of NYC, so tax and living expense is cheaper.

Your company manages a trillion dollars huh? Guess Blackstone needs to step aside! LOL. This guy is FOS.

LOL... this is pure gold

 

yea. PIMCO is known to manage at least 1 trillion, so is fido. there a few

but 125k all in, out of undergrad seems way to high, as a FIRST year? that's seems pretty unlikely

in finance, UNLESS youre in ibanking and have to work shitty hours, 60-80k base is very common

dont get me wrong, if you are ibanking then you should get paid a shit load... i wouldnt take that job even if they gave me a 100k bonus each year. just straight up wouldn't.

 
lifesgreatmystery:
certainly not t. rowe

Actually, my gut feeling tells me twopaths works at t rowe based on things he have said so far. His pay is also in line with what my friend was paid there his first year.

Also, Fido first year all-in pay is certainly in line with IBD first year. They somehow structure their pay somewhat different though from what I heard (I heard slightly low base slightly high sign-on from an unverified source)

 
Kenny_Powers_CFA:
Also, I think you meant BlackRock, the world's largest asset manager by AUM largely by grace of their EFTs, not Blackstone.

Kenny some people will never learn..

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

Wow- gents arguing about nothing and can't even distinguish the difference between a Mutual Fund and a Mutual Fund Family....yikes. I don't work for a MF, just a Commercial Bank under the PM and was paid 50k out of college, $125k does seem like a lot to offer someone out of Undergrad on a trading desk unless it's a hedge fund and the BSD's are cowboy's and they pay/do what they want. I can't see a MF offering $125k to a 22 yr old kid that knows Jack about trading...you're filing trade tickets, resolving trade discrepancies, etc...but once again I'm from the outside looking in, maybe it's possible but I just can't see it esp out of NYC at a Mutual Fund- I don't care if it's PIMCO, Vanguard, T. Rowe, Fidelity, wherever...

 
TerenYoung:
you're filing trade tickets, resolving trade discrepancies, etc...

You dont know the difference between the trading department and the research department in Asset Management do you? Twopaths work in research, not trading. Trading is pretty much the least value-added positions in the front office on the buyside. Buyside traders are mostly execution only and only add value via efficient execution strategy. Btw the things you described arent even done by anyone under the trading headcount... those are done by the operations/admin staff (back-office), which 50k all-in a year sounds about right.

Decision makings come directly from PMs, which are largely supported by research analysts and research associates.

125k all-in is on the high end of a first year research associate, but certainly not out of reach for top performers. Just for comparison, BlackRock PAG paid 27k bonus for first-years last year. So all-in, first years in PAG made 70+10+27 = 107k. Granted, BlackRock is in NY, but PAG is not even a real front office position, but a techy middle office risk analytic role.

 
TerenYoung:
Wow- gents arguing about nothing and can't even distinguish the difference between a Mutual Fund and a Mutual Fund Family....yikes. I don't work for a MF, just a Commercial Bank under the PM and was paid 50k out of college, $125k does seem like a lot to offer someone out of Undergrad on a trading desk unless it's a hedge fund and the BSD's are cowboy's and they pay/do what they want. I can't see a MF offering $125k to a 22 yr old kid that knows Jack about trading...you're filing trade tickets, resolving trade discrepancies, etc...but once again I'm from the outside looking in, maybe it's possible but I just can't see it esp out of NYC at a Mutual Fund- I don't care if it's PIMCO, Vanguard, T. Rowe, Fidelity, wherever...

You know the idea of shut up if you don't know what your talking about....well it applies here.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 
futurectdoc:
Why not Haas or Stanford if you can swing it?
Answer here:
wallstreet_sniper:
I absolutely want to stay in LA.
To OP: just apply and find out, nobody knows for sure. Obviously, you're limiting yourself significantly by the only in LA mandate.
 

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