Salary Progression in Asset Management
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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...
...
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