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  #191 (permalink)  
Old 04-04-2021, 12:06 PM
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Does anyone know the pay progression for a product role, not PM, in top AM firms (eg vanguard, blackrock, fidelity, pimco etc), from analyst 1 through 1st year VP?

Guideline is take total pay for sales role at a bank and discount by 30%. For average performer sales role at bank pays roughly -
yr1 - 150k
yr2 - 200k
yr3 - 250k
yr4 - 350k
yr5 - 420k

At the top level it becomes more variable as you are responsible for driving the business.

Source: I am in the recruitment industry.

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  #192 (permalink)  
Old 04-04-2021, 01:42 PM
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Originally Posted by Unregistered View Post
Guideline is take total pay for sales role at a bank and discount by 30%. For average performer sales role at bank pays roughly -
yr1 - 150k
yr2 - 200k
yr3 - 250k
yr4 - 350k
yr5 - 420k

At the top level it becomes more variable as you are responsible for driving the business.

Source: I am in the recruitment industry.
Thank you for the info! I assume that is inclusive of bonus? What is the proportion of base and bonus to total package? Would you know the salary trajectory of equity research function within AM? Thanks

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  #193 (permalink)  
Old 04-04-2021, 03:20 PM
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Thank you for the info! I assume that is inclusive of bonus? What is the proportion of base and bonus to total package? Would you know the salary trajectory of equity research function within AM? Thanks
The proportion is 80-20 at the start and gradually progresses to about 60-40. But note that the bonus component is highly variable and you shouldnt take my guideline as the bible, it is just a rough guideline.

ER in AM can be 2 different things, if you are in a fund where they invest based on your research then you can even be earning 7 figures. If you are in a role where the ER gets distributed as marketing material to clients to sell their fund, then its just a glorified sales role and you can expect pay in line with AM sales.

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  #194 (permalink)  
Old 04-04-2021, 06:49 PM
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The proportion is 80-20 at the start and gradually progresses to about 60-40. But note that the bonus component is highly variable and you shouldnt take my guideline as the bible, it is just a rough guideline.

ER in AM can be 2 different things, if you are in a fund where they invest based on your research then you can even be earning 7 figures. If you are in a role where the ER gets distributed as marketing material to clients to sell their fund, then its just a glorified sales role and you can expect pay in line with AM sales.
Sure appreciate your perspective thank you. I was referring to the former case i.e. fund investing based on my research, at both small and big shops. I wonder if I can speak to you in private to understand a bit more but itís fine if you would prefer not to as I respect you may wish to retain your anonymity.


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  #195 (permalink)  
Old 06-04-2021, 12:31 AM
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Total comp of 450K for associate level in IBD is too high, that sounds more like a senior associate or junior VP. 300-350K is more realistic for an associate IMO.

Appreciate if you could give more details on the 235-295k and 50-80% (incl 13th month, guaranteed bonus?)
Base salary of 235k, 265k and 295k for years 1-3 assoc respectively. 50-80% bonus all discretionary (based on personal experience and peers). No 13th month or guaranteed, but there is a stock component to the bonus.

400k+ TC is possible for associates. Senior associate / junior VPs can hit 500k+
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  #196 (permalink)  
Old 06-04-2021, 07:05 PM
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I received an offer to take on VP role at CS. First year vp, with 7 years xp in banking. Fx macro sales. Was offered 280k an annum.

Kinda expecting more. Is this reasonable?
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  #197 (permalink)  
Old 06-04-2021, 07:21 PM
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I received an offer to take on VP role at CS. First year vp, with 7 years xp in banking. Fx macro sales. Was offered 280k an annum.

Kinda expecting more. Is this reasonable?
Where are you at currently and what role/pos?
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  #198 (permalink)  
Old 06-04-2021, 11:45 PM
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Where are you at currently and what role/pos?

lmao CS reeling from archegos losses and giving out lowball offers #CSNOTABB
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  #199 (permalink)  
Old 06-04-2021, 11:52 PM
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I received an offer to take on VP role at CS. First year vp, with 7 years xp in banking. Fx macro sales. Was offered 280k an annum.

Kinda expecting more. Is this reasonable?

Probably some DBS loser trying to deflate salary expectations on this thread? Please dont tarnish CS reputation and go back to your 5k pm job.
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  #200 (permalink)  
Old 07-04-2021, 06:50 AM
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Where are you at currently and what role/pos?
AVP at a local bank.
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