First year comp
What is the expected compensation for a first year trader/assistant PM on a buy side desk? Base? Bonus potential?
What is the expected compensation for a first year trader/assistant PM on a buy side desk? Base? Bonus potential?
+25 | Guggenheim Investment Analyst | 9 | 2w | |
+21 | RFP writer role, yayy or nay? | 7 | 1w | |
+18 | Moving to an Endowment Fund from IB | 7 | 1w | |
+18 | Moving on from a niche AM role to investments | 3 | 3d | |
+15 | Jennison Associates 2024 | 25 | 1d | |
+14 | Need help choosing job in AM!! | 2 | 1w | |
+14 | Job cuts at AM - trying to move | 6 | 2w | |
+12 | Possible to go from journalism to AM? | 7 | 3d | |
+12 | Any Opinions? LSE MSc Finance and Risk vs MSc Finance | 1 | 2w | |
+11 | Lateral in AM, mid-level? | 5 | 1w |
Career Resources
Sell side is pretty well known.
Buy side is generally better than sell side, but it will depend on your firm's performance.
I mean that can't necessarily be true. A lot of buy side traders are just execution traders and wouldn't necessarily make that much
Basically this, I am aware that friends who are in this position started at $55k in high-cost west coast areas. This is at a medium-sized, but reputable regional firm.
Idunno. Why would you leave sell side for buy side unless you were earning more? Why would they hire you if they thought you were taking a pay cut? You'd only leave a year later. If they really need guys who are good at executing trades, they'll seek out good buy side traders and offer more.
If it's a DE Shaw, AQR, Millennium, Kepos, Citadel, or Renaissance, I'd think long and hard before I said no. These firms don't have a lot of voluntary turnover anywhere.
What Wellington said is close to what I've seen too. Interviewed last spring for an assistant trader at small HF (~$500mm AUM), and starting was 55-65k DOE. This was in NY.
Thanks for the input everyone.
But I am still not sure what to expect. What is the expected comp on sell-side?
Thanks again.
I would say this is directly proportional to the size of the firm in terms of AUM and also the amount of employees. Generally but not always, larger firms pay 10-20k more in terms of base. No clue as to bonus. I know a former colleague who worked for a small equity fund as a portfolio analyst with 2 years banking experience in credit analysis who made 45k in Chicago eight years ago. Another friend currently works for a commodity fund at a Chicago wealth management firm making mid 50s + bonus. You could try looking at self-reported salaries on Glassdoor for a gauge of what this role pays in a given region.
Thanks, Lou.
Repellat culpa inventore quia dolor qui ullam. Aut minus non inventore adipisci qui quia. Quis molestiae ipsam culpa sequi dolorem illo. Molestiae ea non impedit voluptatibus totam id soluta.
Sint quo sunt consectetur minus sed. Cum quibusdam aut id harum earum unde.
Nam soluta repellat qui dicta iusto et. Tenetur quae et est quibusdam. Et molestiae voluptates esse praesentium laborum dolor. Velit accusantium maxime modi aspernatur. Possimus omnis quibusdam et magni eum. Magni eos non sunt earum consectetur animi eaque.
Minus illo quia id alias delectus. Quia voluptas sint enim et sit eum fugit. Quo ducimus ipsam temporibus ipsum. Odio alias quo omnis rerum et quidem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...