High Finance Thread

Originally Posted by Unregistered

You would start out in a supporting role doing client servicing stuff. As you progress, you might get your own accounts and be responsible for sales targets.

Am currently working as an associate in sales in a large foreign AM. So far my yearly increment has been in the 5-10% range with bonuses of 1.5-2.5 months. Could be much better and of course as you progress and get sales targets, overall comp would be much higher as well

Do AMs pay commissions?

Originally Posted by Unregistered

Do AMs pay commissions?

No, we're not insurance agents.....

Originally Posted by Unregistered

You would start out in a supporting role doing client servicing stuff. As you progress, you might get your own accounts and be responsible for sales targets.

Am currently working as an associate in sales in a large foreign AM. So far my yearly increment has been in the 5-10% range with bonuses of 1.5-2.5 months. Could be much better and of course as you progress and get sales targets, overall comp would be much higher as well

bonus so low?

[blahxxx]

Originally Posted by Unregistered

You would start out in a supporting role doing client servicing stuff. As you progress, you might get your own accounts and be responsible for sales targets.

Am currently working as an associate in sales in a large foreign AM. So far my yearly increment has been in the 5-10% range with bonuses of 1.5-2.5 months. Could be much better and of course as you progress and get sales targets, overall comp would be much higher as well

Thank you so much for the info! May I know what was ur starting pay if you started as a fresh grad and roughly how many years before you see clients?

Originally Posted by blahxxx

Thank you so much for the info! May I know what was ur starting pay if you started as a fresh grad and roughly how many years before you see clients?

Yes, started as a fresh grad.

Y1: 126k all in
Y2: 140k all in
Y3: On 130k base now, hoping to hit 150-160k all in

Really depends if your boss brings you to client meetings or not but what I would say is you do get quite a bit of autonomy even a junior person (analyst/associate)

Originally Posted by Unregistered

Yes, started as a fresh grad.

Y1: 126k all in
Y2: 140k all in
Y3: On 130k base now, hoping to hit 150-160k all in

Really depends if your boss brings you to client meetings or not but what I would say is you do get quite a bit of autonomy even a junior person (analyst/associate)

will you want to transfer to investment role if you had a chance?

Originally Posted by Unregistered

Yes, started as a fresh grad.

Y1: 126k all in
Y2: 140k all in
Y3: On 130k base now, hoping to hit 150-160k all in

Really depends if your boss brings you to client meetings or not but what I would say is you do get quite a bit of autonomy even a junior person (analyst/associate)

Wow, how did you manage to break into AM as a fresh grad? Isn't it common for people to start in banks first before moving to AM?

Is crypto considered high finance?

Originally Posted by Unregistered

Is crypto considered high finance?

is insurance considered high finance?

[blahxxx]

Originally Posted by Unregistered

Yes, started as a fresh grad.

Y1: 126k all in
Y2: 140k all in
Y3: On 130k base now, hoping to hit 150-160k all in

Really depends if your boss brings you to client meetings or not but what I would say is you do get quite a bit of autonomy even a junior person (analyst/associate)

Thanks for the reply! really appreciate it!