Comments (13)

Jan 30, 2011

$8.57/hr, it's better than Starbucks

Just playing. I know analyst at BBs is 70+10 sign, with around 20-30 bonus. I'm guessing associate salary is probably similar to IBD, too, maybe ~$100k salary, 20-40 sign-on, 20-40 bonus

That is, however, a complete guess.

Jan 31, 2011

Thanks for the estimate, that helps.

Does anyone else happen to know the going rates?

Feb 2, 2011

Salaries in AM don't have an automatic 10k annual increase like in banking.. so an associate could make anywhere from 80-100k salary wise depending on the firm. most of the time, laterals don't get a signing bonus. can't really speak of the year end.

Feb 2, 2011
Chris_Marlin:

Salaries in AM don't have an automatic 10k annual increase like in banking.. so an associate could make anywhere from 80-100k salary wise depending on the firm. most of the time, laterals don't get a signing bonus. can't really speak of the year end.

actually we kind of do. Maybe BBs do it differently but it's certainly the case at my firm, at least for people under the actual investment front office

Feb 3, 2011

So I'm assuming about 90k salary is about average?

Anyone else have thoughts on typical salary and bonus numbers?

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Feb 3, 2011

what do you mean associate level? We start from research associates -> junior/associate analyst -> analyst -> senior analyst or APM...

If you mean post MBA level, you can expect 150-180k all in first year at good shops. Most BB AM arms arent good shops though despite the big AUM. They are mostly FoF, which is much less desirable than actual portfolio management.

Feb 3, 2011

When I say associate, I mean post MBA level (i.e. analyst, associate, vice president, etc), although I don't have an MBA.

The group is an actual mutual fund (picking individual stocks) and not fund of fund. I would be going into a research role within the group.

So it sounds like 80-100k salary and another 60-80k in bonus? Is this any different for an associate level without an MBA?

Feb 3, 2011

^your bonus seems a bit high but I'm not at a huge firm so I could be wrong.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Feb 3, 2011

MBA doesnt really mean much in asset management..

Feb 4, 2011
Chris_Marlin:

MBA doesnt really mean much in asset management..

Sorry to contradict with you again but most of the good houses do the bulk of their newcomers recruiting for the investment front office through MBA recruiting, and typically from the M7 programs... Fido,Pimco, Wellington, T Rowe all recruit more MBAs than undergrads for investment roles.

Feb 4, 2011

okay.. i guess i'll rephrase.. MBA doesnt really mean much at blackrock then. we had 3 mba interns last summer and they were all in the PE group, none were PMG.

Feb 4, 2011

If I complete my MBA in July 2011 and start work then, how much can I expect to receive come bonus time in Jan 2012? Can I just pro-rate the figures that you guys are throwing out there or are there adjustments I should make?

Feb 5, 2011
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