What is the salary progression at a traditional asset manager (e.g. BlackRock, Fidelity, M&G)?
As far as I can tell, first year base is around £40,000 and 20 - 40% bonus. How does this change as you move up the firm? From reading a few threads here, it seems the pay is quite low even as a PM.
I don't know about undergraduate, but I can tell you comp levels for first year out of MBA at the long only investment management firms in equity research. Base salary ranges from $125k to $150k, signing bonus ranges from $25k to $50k, and end of year bonus is typically 1x base salary ($125k to $150k). As an analyst, your base doesn't change a ton, but your bonus can grow significantly. I don't know what associate PM's or PM's make yet, but hope to tell you in the future. ;)
Salaries seem low compared to IB and the UK sucks big time compared to the US.
Don´t say this in a banking interview:
Which superhero would you be and why? I want to be like Robin Hood, stealing from the rich and giving to the poor - me.
L-Star indicated that he/she is interested in buy-sideequity research. The relevant figures are under research / investment analyst, which have highly comparable compensation (base+bonus) compared to investment banking at the analyst / associate level.
If anything, for the decent sized shops, comp numbers for analysts/PM's look pretty low to me. Generally comp is going to be pretty similar to banking for same-tenured roles.
In IB you don´t get paid more for staying longer, what about Asset Management? Do they pay overtime?
Don´t say this in a banking interview:
Which superhero would you be and why? I want to be like Robin Hood, stealing from the rich and giving to the poor - me.
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Nobody can answer this without knowing what position, asset class etc you're insuring about
Equity research.
I'm just wondering how base and bonus changes as you advance.
Inquiring
-
Curious as well.
Interested as well, especially in the figures regarding equity investments out of undergraduate.
I don't know about undergraduate, but I can tell you comp levels for first year out of MBA at the long only investment management firms in equity research. Base salary ranges from $125k to $150k, signing bonus ranges from $25k to $50k, and end of year bonus is typically 1x base salary ($125k to $150k). As an analyst, your base doesn't change a ton, but your bonus can grow significantly. I don't know what associate PM's or PM's make yet, but hope to tell you in the future. ;)
dumb question but is your signing on bonus taxable?
Yes
is this MBA business schools ">M7 MBA generally?
Bump
In which location?
http://news.efinancialcareers.com/us-en/247561/what-blackrock-pimco-and…
Salaries seem low compared to IB and the UK sucks big time compared to the US.
That link is just bad info.
L-Star indicated that he/she is interested in buy-side equity research. The relevant figures are under research / investment analyst, which have highly comparable compensation (base+bonus) compared to investment banking at the analyst / associate level.
Not sure if this report is annual or every two years, but generally I've found their data to be at least directionally accurate:
http://www.johnsonassociates.com/wp-content/uploads/2016/12/Another-Glo…
If anything, for the decent sized shops, comp numbers for analysts/PM's look pretty low to me. Generally comp is going to be pretty similar to banking for same-tenured roles.
In IB you don´t get paid more for staying longer, what about Asset Management? Do they pay overtime?
I was actually laughing out loud in my cubicle! LMAO TROLL ASF!
You must know nothing about what a salary is...
...
Iure ducimus et id. Quia saepe culpa perferendis et et soluta odit. Molestias id minima maiores id alias debitis deleniti.
Nobis exercitationem labore quia quis voluptatum ut dignissimos. Quia voluptatem unde aliquam qui sint. Rerum rerum et deleniti aliquam laudantium rem in. Dolor non quia error alias voluptas expedita. Sapiente et sed corporis necessitatibus quae dolores est nam. Eveniet exercitationem omnis eius porro rerum voluptatem aut.
Molestias est molestiae accusantium suscipit voluptatem. Sit temporibus repellendus qui. Ipsum quos nemo temporibus odit aut. Totam consectetur quo et repudiandae.
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Dicta velit ad vel mollitia cupiditate consequatur dicta totam. Porro laborum aut dolore aut reiciendis. Nihil totam est suscipit quidem magni non. Odit saepe dignissimos cumque commodi.
Velit voluptatum et est aut consequatur voluptates laudantium. Error nobis unde eveniet sequi excepturi et expedita itaque. Suscipit voluptas velit tenetur est quisquam minus velit.
Non occaecati laboriosam et ea cupiditate illo. Maiores iste occaecati nesciunt suscipit. Unde temporibus debitis voluptatem consequatur quia quaerat possimus est.
Possimus laborum ducimus minus quidem ut omnis dolorum. Modi voluptas molestiae repellat quisquam aspernatur.