8/9/16

Does anyone have insight into the comp/progression of a fixed income portfolio analyst (not research) at a top mutual fund (T-Rowe/Wellington). What does comp start out at as and how does it progress with years of experience.

Comments (16)

8/10/16

1st year out of undergrad 60k+30% in my group at a major asset manager ($500B+) in Chicago. 10k raise each of the first 2 years, 3rd year bonus 40%. Not sure any further than that.

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8/10/16

Thank for the reply. Do you see portfolio analysts leave to get MBA and concurrently do you hire MBAs and what title/ comp range do they come in as. I know that some asset managers almost require an MBA while others really don't care.

12/22/16
DBW521:

1st year out of undergrad 60k+30% in my group at a major asset manager ($500B+) in Chicago. 10k raise each of the first 2 years, 3rd year bonus 40%. Not sure any further than that.

Reviving a somewhat older thread...so portfolio analysts, a middle office role, gets 30% bonus at your firm?

12/22/16

I can only speak to my group within the firm, but yes. I earned 30% 1st year (partial year), 35% 2nd year, 40% 3rd year. I can't confirm, but I think in normal years 40% is the cap for this role. It can go higher in exceptional years, but I'm not sure how high.

3/9/17

1st yr out of undergrad in Milwaukee was 60k + 20% (30% max). 2nd yr was 2% higher (Inflation raise) and Target of 26% (40% max). 3rd Yr received 5k raise and Bonus stayed at 26% (40% max).

8/10/16

For us, portfolio analysts are actually more of a middle office function so you're either a portfolio analyst for life or, if given the opportunity, you jump to the front office as a research analyst. The ideal route here, if you don't start off as a research analyst (we have only hired three research analysts out of undergrad in the last decade) is; Portfolio analyst for 2-3 years, research analyst for 3 years, Sr. research analyst for 3 years, Jr Pm 5-7 years, PM... MBA isn't really necessary here and we certainly don't see portfolio analysts leave for their MBAs. MBAs also don't get any sort of salary bump versus non-MBA's here. Our pay is heavily tied to performance... MBA/CFA isn't take into consideration, to my knowledge.

8/11/16

Is this sort of analyst structure of portfolio vs research common or sort of unique to your firm? I've yet to hear of any distinction from what I've read.

3/9/17

Portfolio Analyst in Milwaukee here. I would second this that PA is middle office role that you either stay in long term or get bumped over to Research / Trader / Investment specialist.

3/9/17

Do portfolio analysts go to good MBA programs, and try to break into AM that way? At least, is that a viable option?

3/9/17

From my understanding, Portfolio analyst is much more common out of Undergrad as the MBAs want the research jobs. That said, I'm sure that's a viable route, but if going MBA Route, you'd be much more financially inclined to try hop straight into research if possible.

8/11/16
1/4/17

To revive this - we're actually hiring someone for my team right now. The job was just posted yesterday. If you're in the Chicagoland area, and are interested, PM me.

8/8/17

I work at a rating agency and I am interested in making the jump into fixed income research. Would I have a strong chance given my background at a rating agency? And, what does the day-to-day look like?

8/9/17

You'd definitely have a shot - we have two people (out of 28ish) on our team that came from ratings agencies.

Day-to-Day in Chicago is 7:30-5:30ish generally, get in, check the news on the markets, your industry, your coverage companies... continue working on any new deals (modeling/valuation, research), update financials and investment premises for existing coverage companies, work on special projects... the days all vary depending on deal flow.

8/14/17

It seems like this is the route I want to go. I started at a rating agency a couple of months ago straight out of undergrad. In the meantime, I am going to gain some more experience at the rating agency, but any advice for the future on how to make the transition (books/materials to read, networking, etc.)? Thank you - your insight is much appreciated.

8/14/17

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