Mutual Fund Associate/Analyst Salary Structure

I'm going to intern at large boutique mutual fund manager (+$100bn) and am wondering what the pay structure is like above 1st-year associates. Base pay + salary is just over 100k for 1st years, but I'm wondering what the typical progression is like in the industry. How much does an analyst make after his associate rotation? How much are the guys above the analysts making?

Comments (6)

 
5/16/17

When I started almost a decade ago at a midsized boutique the progression was:

1st yr - 75-85k.
2nd yr - 80-100k.
3rd-4th yr - 85-125k.

You'll probably want to adjust the figures above for inflation plus cost of living. I lived in a medium to high cost of living city, so not NYC, Chicago, SF, but still a somewhat expensive city.

First year post MBA analyst comp is generally 160-250k and can increase significantly thereafter.

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

 
5/17/17

I graduated from H/S/W this past year and have several friends heading to mutual funds as equity/credit research analysts. Your comp for post MBA is below market. My offer at a $50Bn AUM mutual fund was $125k base, $25k signing, and end of year bonus was ~100% of base salary. My friends who graduated this year and are headed to the major mutual funds (Fidelity, MFS, Wellington, etc.) all received between $125k to $150k base, $25k to $50k signing, and were told to expect ~100% of base salary as an end of year bonus.

 
5/17/17

My offer at a $50Bn AUM mutual fund was $125k base, $25k signing, and end of year bonus was ~100% of base salary. My friends who graduated this year and are headed to the major mutual funds (Fidelity, MFS, Wellington, etc.) all received between $125k to $150k base, $25k to $50k signing, and were told to expect ~100% of base salary as an end of year bonus.

You seem to be arguing with yourself. Those figures are at the high end of the range I gave. HSW candidates are generally at the high end of the range. Candidates from midtier programs or working at smaller firms make less.

FWIW - I too graduated from a top program a few years ago, also now work at a large firm, and have a few years of post MBA experience and comp under my belt. Your arrogance is misplaced.

 
5/17/17

Arrogant? I'm just sharing comp figures from a recent graduate and his friends, but okay. :)

 
5/17/17

how did your salary + total comp progress after the first year?

 
5/17/17

1-Click to Unlock All Comments - 100% FREE

Why do I need to be signed in?
WSO is a knowledge-sharing community that depends on everyone being able to pitch in when they know something.
+ Bonus: 6 Free Financial Modeling Lessons with 1-Click Signup ($199 value)