Investment Management after MBA

but yes, you won't be working 120 hours a week in investment management.

I worked as a summer analyst in IMD at a BB this summer and the signing bonus/salary you mention sounds right. I was in private wealth, so how much people were paid was totally dependent on how much money they were managing, so there was a huge range. I imagine some of the new guys with few clients don't get paid much but then some of the other managers that have a lot more under management can out earn banking MDs

http://mbacareers.wharton.upenn.edu/report/funccomp_2.cfm

I've looked at several employment reports at the top schools. Its generally around $170K in first year all-in guaranteed comp (including guaranteed YE bonus). Not sure about growth but I hear the big shops steadily pay at least $200K for all in for the first few years.

You'd be surprised by how lite the hours are in equity and fixed income asset management. Bankers are at the whims of billion dollar clients & have to respond at lightning speed. Asset management is slow and steady – not very client oriented or labor intensive.

He's not talking about PWM. I think he's referring to shops like T. Rowe Price & PIMCO

60-85 hours per week, depends on firm and group Very, and increasingly, competitive.

Top buyside employers such as PIMCO are way more competitive than any IBD position. Great hours, decent pay.

bump

endlessrain is correct. Dozens of spots at BBs for every desk at a PIMCO-type.

Can anyone confirm if these comp figures are still accurate?