Comp progression in AM (London)
I've been in contact with ppl from the AM firm from which I received a full-time offer (, BLK, ..), as I still am having trouble with my decision (IB over AM) and I'm starting to be annoying af.
The folks I talked to were from the equities/. I was surprised to see that a great deal of their PMs followed a basic trajectory: analyst, associate, then PM all at the same firm. However, I was too shy to ask about comp progression. I'm taking the IB offer as it pays significantly more. But AM, in the grand scheme of things, is an overall better career path, especially with the stability and high retention rates at the top firms (although it is still vague to me if the work gets more difficult for PMs, which is not an issue).
With regards to AM, does the compensation increase substantially, moving up the ladder? If someone could enlighten me about this, would really appreciate it. Thanks!