I've been looking into buyside research for a while now, and I've noticed that most reports of street-level pay are coming from the largest firms (eg Fido,, T Rowe, etc).
Does this mean that smaller firms (<100B AUM) generally pay below street, or are compensation reports from larger firms just vastly more prevalent?
Given the fee structure of traditional asset managers, it would make sense for pay to be loosely correlated with AUM. Without performance fees, I would imagine smaller firms struggle to compete as far as compensation is concerned.
Can anyone with experience shed some light on this? And do compensation schemes significantly differ betweenfirms? I am referring to junior level (ie not PM) roles here.