Compensation Data for Portfolio Managers

ace44's picture
Rank: Senior Chimp | 25 has compensation data for the major asset management firms. The numbers seem too low. For most of the bulge bracket IBs, mutual funds and hedge funds the portfolio managers are making less than 300K in total compensation!

Another thing seems rather odd too. The years of experience for many of the IB and hedge fund portfolio managers is significantly out of whack. The "portfolio manager[s]" for Soros Fund Management have less than one year of experience and are making 250K, and at JPMorgan the years of experience is same but they are making 89K in total compensation! Are these numbers wrong?

Comments (4)

Aug 23, 2014

Is that 300K salary? Or total compensation? Also how many data points are available for each title/position? You might not be getting a very good representation of what the true median income is for these positions.

Aug 25, 2014

I have always found Glassdoor to be very unreliable. I once read there that Blackstone MD's only make 300k a year....

Aug 25, 2014

here's the deal, with anything that has performance based comp as such a large % of compensation, "average" salaries are going to be incredibly misleading, because there's tons of dispersion. some hedge fund PMs might have $0 as guaranteed comp but then depending on how their fund did they could make $1bn, there was a thread about this a few weeks back, I'd look at it.

only because I know the industry well, it's similar for brokers (financial advisors). the "average" broker at UBS does $1mm in revenue but I can tell you from experience that the number is incredibly misleading. there are plenty of guys who don't come close to $1mm and plenty of guys who clear $10mm. so averages are always going to be misleading (I love the average starting salary for geology majors at UNC, it's well over 6 figures in 1984 dollars, because of 1 man, Michael Jordan).

back to your original question, the economics for a family office like Soros versus a BB like JPM are going to be different, plus JP has mutual funds, PB, the old JPM securities (Bear Stearns), and probably an alternative investment arm, and the economics between those divisions will be different, so just saying "JPM PM" is not a meaningful data point.

Aug 25, 2014