Investment management salary

Investment management salary DEFAULT

Hi, I am soon to finish up my undergrad studies and am trying to choose a profession for myself. My interests tend to shift over time but currently I am strongly considering a career in Asset Management and had some questions about that field.

1) I am looking for an occupation with a decent work-life balance. I don't need to work 9-5 but I want to have time during evenings and weekends to enjoy life (family, movies, sports, exercise...) and don't only want to focus on my profession (although I am willing to work very very hard for the first 5-10 years). Is this possible in asset management? Can one become a portfolio manager in a mutual fund (I understand that HF's tend to have longer hours), for example, and work regular and normal hours? Are their any other asset management roles that you think would be a good fit for me?

2) What is the compensation like in asset management for your typical successful professional, who has a decent MBA? I am not looking to know the salary for the super successful financiers (which can be in the billions) nor for an unsuccessful uncommitted person, but rather, again, for a successful, hard working individual. I saw some figures in the 500,000 range (for mid-career), but also figures substantially higher and lower. What do you say?
Thanks!

Asset Management Salary And Lifestyle

People working towards a career in asset management or considering it are often in the dark about the pay and workload. They are aware that the compensation is good, but they are unaware of the salary of an asset manager. They know you have to work hard, but can you do the 9-5 or are the days long and hard? The answers vary, but there is a general trend that we can cover.

Asset Management Salary

Asset Manager salaries are a little tamer and less varied than a many other jobs in finance.

At bulge bracket investment banks, user @joshuagoodwin0" said:

I think at JPM starting is 70k first 2 years, 80k third, 90K 4th, this is in NYC

In other locations though it can be as much as 30% less, obviously the difference is purely numerical because the cost of living is lower.

And while user @Tulip" agreed on the salary and progression, they elaborated with:

You see your annual "raise" in your bonus increases, and your bonus will depend a ton on which group you get placed in.

At a traditional asset management firm you will make a little less in bonuses, but you will have much better hours.

Asset Management Lifestyle

Asset managers often make a little less than investment bankers, but they also work less.
User @urmomgostocollege" said:

Same base as banking, with 30% less bonus and at least 30% less hours worked.

Portfolio managers will make quite a bit more money. Even in small companies.
In the words of user @TheBig":

I'm not 100% sure as far as progression goes, but here's the rough idea of the salaries the PMs at the IMD firm I intern at make. $4B AUM, only 18 people in the firm.

CIO & President (2) = $3,500,000+
Senior PM (2) = $2,000,000+
PM (2) = $1,000,000+

As you can see, asset managers start off with a lower salary and a lower workload, but with hard work and a knack for it you can move up to the same astronomical numbers that highly successful investment bankers see.

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Highest paying cities in United States for Investment Managers

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Most common benefits for Investment Managers

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Salary satisfaction

Based on 18 ratings

56% of Investment managers in the United States think their salaries are enough for the cost of living in their area.

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Average Investment Manager Salary

$103,337
Avg. Base Salary (USD)

The average salary for an Investment Manager is $103,337

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What is the Pay by Experience Level for Investment Managers?

An entry-level Investment Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $58,958 based on 7 salaries. An early career Investment Manager with 1-4 years of experience earns an average total compensation of $85,250 based on 69 salaries. A …Read more

What Do Investment Managers Do?

An investment manager manages the money invested by individual investors, institutions that are investing a portion of the company’s assets, and/or funds related to the company's pension plan. The investment manager must protect the current value of those investments, strategically choose the best manner in which to grow them, be on guard for changes in the climates of the various investment options available, and adjust their client’s investment positions as needed. Usually, they work with …Read more

Investment Manager Tasks

  • Manage client investment portfolios, implementing strategies to maximize their financial returns.
  • Build investment portfolios which reflect clients' needs and communicate portfolio status and changes to clients.
  • Analyze current investment strategies to evaluate their effectiveness.

Job Satisfaction for Investment Manager

3.7 out of 5

Highly Satisfied

6Reviews

Based on 37 responses, the job of Investment Manager has received a job satisfaction rating of 3.73 out of 5. On average, Investment Managers are highly satisfied with their job.

Gender Breakdown

This data is based on 127 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Sours: https://www.payscale.com/research/US/Job=Investment_Manager/Salary

Salary for Investment Fund Managers

Also known as:  Banking Center Manager, Banking Manager, City Comptroller, City Treasurer, Comptroller, Credit Manager, Financial Director, Financial Officer, Fiscal Manager, International Bank Manager

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SEE MORE SALARIES FOR MANAGEMENT AND ADMINISTRATION PROFESSIONALS
A Investment Fund Manager usually receives a compensation in a range of $70,830 - $208,000 based on education and experience. will normally receive salaries of one hundred and fifty-one thousand five hundred and ten dollars annually.

can get the best compensation in New York, where they receive pay levels, on average, of just about $215,640. People working these jobs can make the highest salaries in Information, which has an average salary rate of $179,290.

Are you an aspiring investment fund manager ? Want a new opportunity where you can earn a higher salary? Join our investment fund manager talent pool today, and get scouted!

The national wage distribution is shown below. To overlay local salaries for an Investment Fund Manager , please select your state.

Investment Fund Managers tend to make the most in the following industries:

In general, they earn less within the industries below:

Sours: https://www.recruiter.com/salaries/investment-fund-managers-salary/

Salary investment management

Investment fund manager salary

The average salary for an investment fund manager in the United States is around

Avg Salary

Investment fund managers earn an average yearly salary of $107,480.
Wages typically start from $52,550 and go up to $183,430.

74% above national average ● Updated in 2018

Investment fund manager earnings by seniority

Approximate values based on highest and lowest earning segments.

Investment fund manager salary by state

State NameAverage Salary
Alaska$109,730
Alabama$101,560
Arkansas$75,190
Arizona$98,540
California$129,300
Colorado$127,750
Connecticut$118,140
District of Columbia$141,320
Delaware$124,710
Florida$90,740
Georgia$109,920
Guam$67,730
Hawaii$94,460
Iowa$90,210
Idaho$79,330
Illinois$79,560
Indiana$71,560
Kansas$96,210
Kentucky$89,310
Louisiana$79,900
Massachusetts$120,100
Maryland$119,900
Maine$92,110
Michigan$95,390
Minnesota$118,410
Missouri$93,580
Mississippi$72,130
Montana$74,270
North Carolina$113,560
North Dakota$103,020
Nebraska$96,360
New Hampshire$118,520
New Jersey$127,510
New Mexico$94,930
Nevada$94,460
New York$109,910
Ohio$97,600
Oklahoma$98,270
Oregon$89,200
Pennsylvania$116,820
Puerto Rico$55,990
Rhode Island$114,950
South Carolina$98,620
South Dakota$98,480
Tennessee$74,130
Texas$113,510
Utah$92,070
Virginia$130,590
Virgin Islands$60,090
Vermont$101,790
Washington$116,700
Wisconsin$75,630
West Virginia$69,210
Wyoming$98,210

How do investment fund manager salaries compare to similar careers?

Investment fund managers earn about the same as related careers in the United States. On average, they make less than compensation and benefits managers but more than industrial production managers.

Source: CareerExplorer (Aggregated)

Sours: https://www.careerexplorer.com/careers/investment-fund-manager/salary/
Highest Paying Finance Jobs ($250k+ Career Paths In Finance)

How much does an Investment Manager make in the United States? The average Investment Manager salary in the United States is $134,223 as of September 27, 2021, but the range typically falls between $91,079 and $154,673. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

SalarySalary + BonusBenefitsHow To Become

Based on HR-reported data: a national average with a geographic differential

Investment Manager Salaries by Percentile

Percentile Salary LocationLast Updated
10th Percentile Investment Manager Salary$62,458USSeptember 27, 2021
25th Percentile Investment Manager Salary$91,079USSeptember 27, 2021
50th Percentile Investment Manager Salary$134,223USSeptember 27, 2021
75th Percentile Investment Manager Salary$154,673USSeptember 27, 2021
90th Percentile Investment Manager Salary$173,292USSeptember 27, 2021

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Job Description for Investment Manager

Investment Manager manages overall bank's investment portfolio. Reviews investment strategy, seeks out new opportunities, and recommends changes in investments to manage risk and generate acceptable rate of return. Being an Investment Manager measures and evaluates return on investment and trends that may impact the portfolio. Requires a bachelor's degree. Additionally, Investment Manager typically reports to a head of a unit/department. The Investment Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Investment Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2021 Salary.com)... View full job description

Employers: Job Description Management Tool

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What does an Investment Manager do?

Investment Manager in Ann Arbor, MI

Support the continuing refinement and enhancement of analytical tools for performance reporting, benchmarking, risk reporting and cash flow forecasting.

March 26, 2021

Monitor and review the performance of investment managers.

June 23, 2021

Review and negotiate investment management agreements, partnership agreements, offering documents, subscription agreements, and other legal documents related to both public and private investments in conjunction with internal and external counsel.

July 15, 2021

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Investment Manager Pay Difference by Location

City, StateCompared to national average
City, StateSan Francisco, CACompared to national average
City, StateWashington, DCCompared to national average
City, StateMiami, FLCompared to national average
City, StateChicago, ILCompared to national average
City, StateBoston, MACompared to national average
City, StateNew York, NYCompared to national average
City, StateDallas, TXCompared to national average

Investment Manager Salary by State

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Take just three simple steps below to generate your own personalized salary report

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Understand the total compensation opportunity for an Investment Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 

 

 

Average Total Cash Compensation

Includes base and annual incentives

 

 

 

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Investment Manager in the United States. The base salary for Investment Manager ranges from $91,079 to $154,673 with the average base salary of $134,223. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $99,736 to $178,430 with the average total cash compensation of $144,073.

Sours: https://www.salary.com/research/salary/benchmark/investment-manager-salary

You will also be interested:

Investment Management

There are few industries as glamorized as investment management. TV shows and movies portray cutthroat competition, moral grey-zones, and the chance at fortune. While the salary for MBA graduates entering investment management positions can be quite high, these positions aren’t all about hot shot personalities and monetary success. Our 250,000+ data points at TransparentCareer revealed aspects of the industry that should be considered when thinking about a career in investment management.

Please note that this analysis includes both Investment Management and, more specifically, Mutual & Hedge Funds. Within this combination, investment management accounts for nearly 90% of MBA graduate jobs. It’s worth noting that our data is skewed heavily towards investment functions, but also encompasses any number of ancillary functional areas MBAs may be performing within Investment Management firms (such as marketing, business development, etc.).

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If you are interested in MBA graduate jobs in the investment management industry, chances are you always consider the return on your possible investments. Students who invest in an MBA degree for these positions can expect an average starting compensation of $246,648 (94th percentile). This consists of an average salary clocking in at $134,045 (94th percentile) plus additional compensation, such as an average signing bonus of $23,263 (88th percentile). To see compensation data for this industry and how it stacks up against other top industries, just sign up for free here and explore our intuitive dashboards, representing data from almost 4,000 top employers.

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MBA graduates seeking employment at an investment or funds management firm should expect to work hard. The industry average hours worked per week is slightly above other sectors – 56 hours per week to be exact – but can be as much as 70 hours at firms such as Goldman Sachs. Interns can expect to work upwards of 64 hours per week. In contrast to the above-average hours spent in the office, low travel is a hallmark of these positions, with an average of 19% vs the 26% all-industry mark.

Internships are a great time for employees and companies to get to know each other, and sometimes they find out the fit isn’t right. Our data points from 5,000+ employers reveal that the number of internships outnumber the number of full time positions by almost 18%.

Want to increase your chances of getting hired to an investment management firm? Hedge fund manager Whitney Tilson says he doesn’t want a resume, he wants an idea. Sending an investment idea as opposed to a traditional resume may help you stand out among the large crowd. Once you score an interview ex- Goldman Sachs recruiter Mark Hatz offers the following interview tips: smile, be respectful, prepare an elevator pitch about why you are a great fit with the company, be concise in your answers, and let your personality shine. While technical skills are obviously important, he says that attitude and fit are crucial to recruit associates that will enjoy spending long hours together.

Getting along with your co-workers and finding a workplace friend may drastically improve your work experience, as satisfaction scores within the investment management industry are bleak at best. Overall happiness scores 5.5 out of 10, which is 18% below average. Additionally, culture scores averaged at 4.7, a whopping 30% below the average for all MBA graduates. Even so, there are some companies that received perfect marks for culture, such as The Vanguard Group. Our data also reveals another shocking revelation: the huge discrepancies that exist between the work experience for men and women.

The industry as a whole is largely male-dominated, accounting for up to 70% of all MBA graduate jobs in the field. However, the differences don’t end with just an imbalance in the gender ratio. Average total starting compensation for men is $259,838 while women receive an average starting compensation of $152,439. While male salaries are higher than those of their female counterparts, stark differences also lie in the additional compensation. For example, the average bonus for men is $76,000 though women reported receiving an average of $15,000. Satisfaction scores for women also tend to be lower than men’s. Male work happiness in the investment management industry averages at 5.5 of 10, but women in the same positions report a happiness score of just 3.3. Women also have more negative feelings about company culture, which garnered a measly 1 out of 10 rating in our database. These numbers don’t speak for everyone’s experience, but they do highlight room for improvement.

MBA graduates considering jobs in investment management or mutual & hedge funds have many companies to choose from. Investment and funds management firms place an emphasis on “fit”, so it is important to pursue opportunities with companies, positions, and locations that you believe in. To see a full list of popular employers and their satisfaction ratings, visit our Career Explorer.

Total CompensationAverage SalaryAverage Hours
Fidelity Investments$331,278$141,66755
JPMorgan Chase$243,200$112,00060
The Vanguard Group$157,205$100,18060

Just as firms classified under Investment Management dominated the industry, there is a function for MBA graduates that holds majority. Many MBA graduate jobs in this sector fall within the “investment management” function – accounting for about ¾ of positions – with functions such as marketing being less popular.

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Some popular positions for MBA graduates in this field include “Associates”, “Analysts”, and “Consultants”. Compensation for associates at JPMorgan & Chase can total to $243,000 and signing bonuses for research analysts at Fidelity can reach as high as $56,000. To see a full list of specific positions you may find in the industry, visit our Career Explorer.

Investment management has long interested MBA graduates, business owners, and the general population alike. When asked about the state of the industry, Tom Brown, global head of investment management at KPMG says  it will look a lot different by 2030. The four “megatrends” he identified are: changing demographics, technology, resource shortages, and social behavior. Employment data has revealed that individuals don’t stay with one employer like they used to, so he predicts that individuals will be involved with more companies across many platforms. He also forecasts that investors will be more diverse, mobile, and global by 2030. All of these factors lead to evolving business structures and platforms of asset management firms in the coming years. Securing an MBA graduate job in this sector would give you a front row seat to the innovation to come.

Questions, comments, ideas? Reach out.

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Sours: https://blog.transparentcareer.com/mbas/career-guides/investment-management/


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