I graduated college 2 years ago and started working on RIA in FL as a Research Analyst. During this period I got my series 65 and brought to the company two clients (total assets of $3M). This being said, I am not very happy with my compensation. I know I am just starting my career, and that I need patience. I will like to get other people insight on how can I grow and earn more $$
Should I get a Masters in Finance?
Should I start looking for a job in a BD instead if RIA?

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As a research analyst (buy-side or sell-side) having a CFA is more important or an MBA from a Top b-school. I think depending on what you want to do, if you want to build a career as a research analyst, working at an investment bank would be ideal. If you want to be a portfolio manager one day, buy-side research at a asset management firm would be a good starting point. As for your comp, do you know for sure you are unpaid vs your peers? Or you just think it’s too low for what you do?

likesmart

Wow- Hot Topic- that’s phenomenal! As a young advisor I wish I was under a comp plan like this! Doubt we are in the same market- but this is definitely #goals to aspire to be able to offer in my firm one day!

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Try to stay patient. That’s a pretty good comp structure, especially while you get to bring in new business. I had a similar path in the business, where I didn’t have to starve while I built my business. Bringing in new business is where you will make money. If you just want to find a higher paying research job, the increases will be relatively small and incremental.

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What is your compensation structure at the moment? Remember, in this industry (like all others), unless you are bringing in business, your compensation will always be limited.

likesmarthelpful

Slow your role. You’re making a lot more than i did when I graduated in 2009. Appreciate the process. Bring in more clients. Let the trailing revenue skyrocket your income

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Agreed. Your fee structure is good, especially while you are learning and performing high level admin work. You should be careful not to compare yourself to peers in similar roles in a different state either. I think a professional designation in the area of your interest will be more beneficial than a masters in finance, in the long run.

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The people I talk about live all in the same city as me. Thanks for the tip

As my first manager told me... "in this business, your RAISE becomes effective... the minute you do."

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