What is the average salary of a portfolio manager ( equity side) at a Long Only shop with 5-10 billion AUM. Based in CA with 10 plus years of experience & a CFA Charter holder.

like
Posting as :
works at
You are currently posting as works at

$1m

like

There are a lot of factors to consider like which type of equities (US large cap, emerging markets small cap, etc), track record/length, team size, other mandates the team may manage, and probably most importantly the revenue generated from the strategy. Regardless of all these factors, the base salary is probably $200-$400k. The bonus, profit/partner share is where the bulk of the comp will generally rest. For instance, take a PM running a $8 US large cap strategy with an average fee of 40 bps. The strategy will generate around $30 million in revenue. Let’s just say that for simplicity sake this is the only strategy at the firm which has 15 employees. At $2 million in revenue per employee, this should be a very profitable firm. The comp expense for the firm will run ~50- 60% of revs. So figure the PMs salary could be $300k, might have a bonus of 3x ($900k), but maybe they have 50% equity in the firm, so let’s just say they have a profit distribution of $5 million. The PM would get their pro rata share of $2.5 million. This is just hypothetical and largely contingent on the firm being private and closely held. This, obviously, wouldn’t work if this were a PM at a bank. If the PM doesn’t have pure equity, this also doesn’t work, but phantom equity generally would have a structure like this too. Like I said, lots of factors that go into comp.

Related Posts

I have joined EY in the last week of December. I worked with previous company for 7 months from May till 3rd week of December. Do I have to provide investment proof to the new company. I had declared investment in my previous company but did not provide any proof of the same. Also, please confirm do I have to provide salary proof of previous company. If yes, how can I provide the same? If I don't provide, will there be any issue.

like

How are the salaries at Oracle compared to big 4? In the past, big4 managers make around 140 first year, this year I think it’s 120.

like

Anybody here know about comp/ culture/ hours at Delta Partners in SG?

like

Hi,

How much is the referral bonus in IBM india bandwise

like
like

I’m currently on Notice period:
Can i ask my manager to match salary (40% hike) and permanent wfh or 2 years wfh. Will infosys be agree with this ?

Please suggest.

Hi Folks,
I’m holding 2 offers and I’m unable to decide which one to join. Any suggestion would be highly appreciated.
My Profile : SAP SD
YoE: 8 Yes 10months
Offer Holding:
TCS
Role: Assistant Consultant
Package: 15.5Lac + Variable(QVA+Monthly)
Joining Bonus: 60K

Capgemini
Role: Manager
Package: 16.5Lac + 10% Variable
Joining Bonus: 1Lac
Please suggest as I’ve only few days left to decide.

like

I have many options to consider but two options below are what I’m thinking of right now.

I want to see your thoughts on which one I should pick.

Job A: Project Engineer. 135K/yr base. 10% signing bonus.

Job B: Senior Project Manager. Contract. $60/hr standard. $90/hr overtime.

Additional Information added / pinned in the comments.

A recruiter from Deloitte reached out after reviewing my application and said I will be at consultant level 85-95k ish. I have a solid 5 yoe in project management pmp/csm certified and currently SC at my firm. Can someone validate this plz???

likehelpful

This is the salary structure offered to me. Please tell me what would be the amount that I may receive in hand.

Post Photo
like

Hi

What will be my in hand salary without any tax declaration?

Post Photo
like

Hi. What is the salary for an Employee Relations Business Partner in the financial sector based out of Los Angeles? Is 140k salary a good starting point or more? I have 15 years of Employee Relations experience in the banking industry.

like

Hi everyone I would like to preface that I am new to sales. I’ve been in my current role as field Sales Representative for roughly a year and have been hitting 80+ sells a month 20+ sells a week for the past 6 months. I was wondering how would I pivot to higher role or just one where I can make more commission per close.

like

Trying to gauge salary ranges for middle office Associate roles at RBC CM (Toronto). Can anyone help me out? For someone with approx 5 YOE. Thanks in advance.

Hello Fishes, What salary would we expect from Accenture India For a 6 years experience consultant ? How is working culture in Accenture ?

like

I was offered a part time Internal Audit Sox Lead role for $70/hour. It’s a remote role, perm with benefits and I’m very excited for it. They offered me the exact amount that I asked for, and now I’m wondering if I did not ask for enough. I’ve never had a company offer me exactly what I asked for. Thoughts? Have I short changed myself?

like

Hey folks, I'm getting an offer as a SC in EY UK. Presently I'm a manager with EY India (up for SM next yr Oct 2021). Comp is 55k range (haven't officially received the figure, a few more days it's expected, doing some homework before that).

I'll be moving with family. Wife may not immediately start working (,find a new job, we have a toddler daughter as well 2 YO).

I personally don't find this offer commercially attractive. Can someone offer some counter arguments?

likehelpful

I have a final round interview for a consultant role with Deloitte GPS (Finance and Enterprise Performance). I already had a behavioral and case interview today. What should I expect from the partner interview?

Have an offer for a Senior Consultant position with EY GPS (Enterprise Risk and Internal Audit).

Which is better? I'm more interested in Finance than Audit but the EY title is higher. Similar compensation. I'm a recently naturalized citizen and expect my clearance to take some time.

like
like

What's the salary range for Manager position at Morgan Stanley .
Yoe: 4 Yrs.
Stack: Java.

Do we really get 15% variable pay ?

like

More Posts

Opening for -
1. Principal and Senior software engineer (.Net Core,Java, PHP, Python, AWS)
2. Senior AQ Engineer - Java Selenium

like

Is this Offer good for SR manager?

Sr Manager offer for DFW in SAP Technology. Is this compensation good?
210 Base 40K Joining Bonus and 40K RSU
9 to 11% Bonus

The base is not changing much for me. I am Senior Managing Consultant at IBM.

Never saw IBM giving 10% bonus for last 10 years anyway. But heard Accenture gives 15K roughly to SM.

Tried to negotiate but Accenture is not willing to change base. They added 10K in RSU and Joining to make 40 each.

like

Who was laid off today

After getting letter of Intent from Deloitte , how long it will take to get the offer letter ?

like

My fellow Higher Education Consultants - give me some of your amusing/irritating observations about the industry.

Hey Peeps,
How much does TSYS can pay for 7 year of experience for Mainframe developer? Any idea?

After going full WBS I’ve returned to you all, where I’ve actually made money following your good ideas

Keep em coming I appreciate you all

likefunnyuplifting

Building a roster of freelance for a new brand design shop in CA. Open to freelance of all types: design, graphic, copy, strat, render, film, motion. Ping me for detail where to send info.

How much time does PwC PwC India takes in hiring? I have already given my assessment 2 days ago.

like

Thought? Looking to buy this second hand but haven’t seen a good deal yet!

Post Photo
likeuplifting

How difficult is it to start a solo firm? I’m a first year attorney working in insurance defense in Florida. I love my firm and the mentoring I’m receiving and I’m definitely not looking to move anytime soon, but I would love to start my own firm once I feel competent. Maybe in a few years. Any advice for planning? Thanks!

like

Anyone else moving out of the city/GTA? Seems like this isn't going anywhere until early/mid 2021...

like

Any consultants work with Dickinson + Associates in the SAP space?

like

What to tell recruiters if they ask what compensation I’m looking for?

like

I was asked in pwc sdc interview to come to bangalore location once i get selected. Can i still request for wfh?

Hi fishes, It's been almost 2 weeks since I completed my codility test. Haven't heard back from bain. Is this how things work at bain Bain & Company

like

I’m new to Toronto, what are some places to meet girls here?

likefunny

Additional Posts in Asset / Investment Management

Has anyone taken the CMT, chartered market technician? If so how many months did you study for level one?

like

Hi there, does anyone know the real difference between PWC "Acceleration Center" management consulting program vs the actual management consulting program? Are they a lot different?

like

What's the pay landscape like for Managers/ Leads at Titan Investment?

like

How to break in Insitiutional Sales?

Currently a sales associate on the retail investment sales side. From what I hear, the institutional space has more salary potential and room for growth.

What firms offer entry level positions? Are there experience requirements before getting my foot in the door? Will certifications or an MBA help? Should I look outside of Canada?

like

What are first year analysts in non-revenue generating roles making at your firm in 2022?

likefunny

Does anybody know what the salary range (and bonus compensation) for a Junior Analyst in Switzerland approximately looks like?
Just got my University Degree (Bachelor) and could gather significant work experience.

Hello, I currently have my 63 and 65, I work as a financial adviser. I am studying for my CFA Level 1 in May. I am currently unhappy in my role and don't want to be client facing anymore and have more of an interest to work in investments. I just finished doing Python Investment Analysis courses for equities and fixed income securities. I am considering taking my Series 79 to move into investment banking while I continue to study for my CFA. Thoughts? What exam provider is best?

like

Does anyone work at an OCIO and have insights on wlb, comp, exit opps, etc?

like

Hi everyone! It’s my first day out here! Describe your fav benefits of this app to me! Happy hump day & happy hard work!

like

Can we start a thread for buy side equity (or fixed income) research / portfolio management compensation?
Base, bonus, YoE, general location, AUM, coverage universe / industry, firm type (bank, boutique, mutual fund, etc).

like

What should I expect for comp as an equity research associate at a $7B buyside long only equity manager? This would be my first ER gig but I do have 6+ yrs of experience at a FoF. Is $150K all-in shooting too high? I don’t want to turn them off with “my expectations”. Thanks in advance!

like

Hi everyone, applied for an investment consulting internship few weeks back.
It's a client facing job, but it might come at a later stage of a job, maybe after finishing my internship and getting a job offer.
I'm interested to know what is the must develop skills, must take courses or must read books to get insight, develop the required knowledge and skills for the position. I majored in business management finance and currently preparing for CFA level 1. Thanks in advance ☺️

like

Anyone on the distribution side of private funds ? Currently at a liquid alternative 40act fund and working on my CAIA. I was wondering how difficult the jump is to the other side. Any context would be helpful!

like

Tried buy side bowl but this may be better. Trying to explore institutional sales roles but no idea how these groups are structured or how to break into them. Currently working in buy side HY investing with 3 YOE

like

Has anyone got any opinion on Apollo Global Management, LLC, specifically the London office debating on taking a credit trading job? Figured I could do my cfa and switch to credit research internally

like

Does anyone have color on what comp would look like at Fidelity as an investment analyst for high yield bonds? Also, what’s the progression like and bonus structure? Have friends on the incubator side that have quoted super low bonus structure so curious if that carries over to other groups.

like

How do you get viable business opportunities to invest into

like

Ive been a real estate PE analyst for 2 yrs at a ~new PE shop (although we have $2+ billion in assets under property management) and I wear every hat for the PE division. I do all acquisition underwriting, market data collection & analysis, investor pitching, investor relations, asset management, financial & video reporting (filming + editing videos), etc. I report direct to the Pres/CEO. I am currently underpaid at just $70k.

With my next contract, what salary and title should I strive for?

like
likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal