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- Topic: salaries comparison
| Author | Topic: salaries comparison |
|---|---|
| nordberg42 @2015-07-05 14:23:01 |
Hi everyone,
I was just doing my research on careers in Finance. I-banking is the field I was considering to take, as it pays you good and other things but the thing is that it is a very stressfull field in finance on the other hand I came across Money Management, this feild in finance IMO is better then I-Banking as it pays better and you have to work less as compared to I-Banking.... What do you guys think....Which feild is better (After taking everything in consideration)??? x----------------------x Money Management: Salaries (Listed Below) Salaries in money management are likely to be mainly a result of performance. Starting analyst positions for undergraduates at leading mutual funds, pension funds and bank trust departments have salaries in the neighborhood of $30,000 to $50,000. In the world of equity portfolio managers, there is high dispersion of pay. A job at a state pension fund or a bank trust department will pay in the $60,000 to $150,000 range. Once you are out into a private fund or a money management outfit, salaries can rise quickly if you have a record of strong performance. These days, we hear numbers on the order of $500,000 rather routinely and numbers north of a million on occasion for equity managers. Matters can be equally lucrative on the fixed income side. There are pockets of scarcity such as managers of mortgage- backed securities and asset-backs. In this area, a common number might be $700,000. Many money management organizations are relatively small (perhaps 5 principals and 20 others). In these organizations one typically finds that the principals do extremely well since they are equityholders in the enterprise. Numbers north of $10 million are not unheard of. That said, starting and running a successful money management outfit is a life's work that requires all the skills discussed above in ample strength. Salaries in Investment Banking (with bonus) Job Level -- Bulge Bracket -- Regional Player -- Prerequisite(degree/yrs experience) First Year Analyst --$60K to 110K -- $30K -70K -- Bachelor's Third Year Analyst -- $80K to 200K -- $70K - 150K -- Bachelor's First Year Associate -- $125K to 235K -- $70K - 150K -- MBA Third Year Associate -- $150 to 450K -- $120 - 250K - MBA Assistant Vice President -$200K to 600K---$75K - 120K -- 2-4 years Vice President -- $250K to 800K -- $100K - 400K -- 3-6 years Associate Director -- $250K to 1MM -- $150K - 500K -- 3-8 years Director / Principal -- $300K to 1.2MM -- $200K -600K -- 5-10 years Managing Director / Partner to -- $400K - 20MM -$200K and up -- 7-10 years Department head -- $750K to 70MM -- $300K and up -- 10+ years |
