Salary Progression in Asset Management

L_STAR's picture
Rank: Monkey | banana points 58

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 PS40,000 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.

Comments (22)

Dec 10, 2016

Nobody can answer this without knowing what position, asset class etc you're insuring about

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Dec 10, 2016

Equity research.

I'm just wondering how base and bonus changes as you advance.

Dec 10, 2016

Inquiring

Jan 26, 2017

hey, did you end up finding out? pretty curious on this topic as well

Apr 21, 2017

Curious as well.

Apr 23, 2017

Interested as well, especially in the figures regarding equity investments out of undergraduate.

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Best Response
Apr 23, 2017

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. ;)

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Apr 23, 2017

dumb question but is your signing on bonus taxable?

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Apr 24, 2017

Yes

    • 1
Jun 23, 2017

is this M7 MBA generally?

Apr 23, 2017

Bump

May 9, 2017

In which location?

May 9, 2017

http://news.efinancialcareers.com/us-en/247561/wha...
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.

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May 10, 2017

That link is just bad info.

May 10, 2017

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.

May 10, 2017

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/upload...
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.

May 10, 2017

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.

    • 1
    • 3
Jun 8, 2017

I was actually laughing out loud in my cubicle!
LMAO TROLL ASF!

Oct 19, 2017

You must know nothing about what a salary is...

Jun 7, 2017

...

let's see Paul Allen's card

    • 1
Oct 19, 2017