Can someone please share the current trends in joining/signing on bonus in Asset management industry.

I have an offer from an Asset Manager in London and it is slightly below my expectations. I want to approach them for a joining bonus but was not sure if it is a thing in asset management.

Also what is a good % to ask for a joining bonus [5%, 10% or 15%] of the base salary

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I would say not a thing unless it’s a small boutique/family office where they throw cash around a bit more

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It is human psychology that income must meet one’s expectations,or be predictable,otherwise the ability to work will be discounted like a salary and one will not do one’s best.

I agree with your point on psychological alignment between income and expectations, through disagree with not doing one’s best. I strongly believe that income should reflect one’s experience, skills and ability. As a person of minority and color, I have experienced discounted salaries not corresponding to one’s ability and experience.

Not to discount is a choice, I am making and hence the question.

Is it a long only or hedge fund?

Its an asset manager that invests across equities, bonds and alternatives- Aum $400M.

It is not a hedge fund.

15% is an average- I would only take 15% not lower. Support staff bank that much on their offers in asset management so 15%-20% is fair

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