| Topic Name: |
Buyside Compensation |
| Message Name: |
A quesiton |
| Date Posted: |
05/09/2002 |
| In Reply To: |
I'm curious to find out what other buyside analysts are making 1, 2 and 3 years out of business school. I'll post my information and maybe others will post theirs to get a better picture of ranges over the first couple of years.
I'm graduating from Wharton this May, will take CFA level III in June, had a couple years sellside research experience and a couple of years as a stock broker before that.
I've accepted an offer at a buyside shop with a base salary of $120M with a bonus of 25% ($30M) for stub first year-end (5 mos.)
My summer internship, also buyside, paid a prorated base of $96M. Starting salary was comparable.
Others I know at school are taking offers with bases between $85M-$120M. Full year bonuses (not stub) tend to range between 70%-120% of base.
There's my market information. I'd love hear about the growth in salary from those a couple of years out. A discussion with the CIO and chairman of the company I'll be working for indicated a growth of 120 (current starting base) to 250 to 500. I think he was talking about base, but it was just too tacky to ask at that point. And frankly, he may have just been talking--he was trying to sell me at that point. |
| Message: |
Could you give me an idea of the type of firm fall under the "buyside" heading. Is it mainly mutual fund houses or does it also include IB's, commercial banks etc.?
Just curious.
Thanks
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