LONDON experienced Buy side equity analyst comp benchmark
Hi everyone,
I saw quite a fair bit on this forum about comp for equity analyst roles on the buy-side in the US but not so much in London. Feels to me that the market here is less transparent (speaking also with headhunters, numbers I get can vary a lot). Hence would be curious to have your thoughts/numbers (with role, AuM, performance fees structure to put things in context).
About me: about 10 years of experience as an equity analyst (first in the sell-side for the first two years then in buy-side since), working with a long-only fund focused on European equities (generalist but more on the consumer side), AuM around GPB3bn, no perf fees, normal fees around 1%, fairly small investment team of 5.
-> current base GBP145k + bonus give or take between 50% of base as a min to 150% of base as a max (all in cash and non-deferred)
Is it in line with market? How does that compare with package in large institutional funds (Fidelity, TRP, JH..): never worked for the big guys so I have no idea where the market is there (I suspect they have more of a salary grid template like in IB contrary to small shops like min).
Thanks in advance!
ALXV, shame nobody has responded. Maybe one of these topics will help:
More suggestions...
You're welcome.
I find your pay quite attractive. I work at sellside financials and I think I will never get your min bonus LOLLLL
I don't think pay varies much in small and big shops when it comes to AM. It's weird, for me we just recently had a big pay bump but I don't know if it's going to stay like that. I'd say 10 years in, clearing 300kish in London is good, and roughly what I'd expect. I'm 5 years in at a semi-large AM and on somewhat of a trajectory but I guess it depends if you become a very dependable Senior Analyst or a Portfolio Manager where the firm can't lose you, then I'd say 600k+ would be more standard.
bump, also interested in london numbers.
btw op, do you fear for the future in fundamental equities??
Bump
Bump
Bump
Hi!
I m not based in London but in Paris. Also, just a 2nd year analyst so not sure if this would help (but with 3 yrs of industry experience). I work in a long-only fund which is a specialist focused on European equities (Real Estate and Infrastructure). Current base EUR70k + bonus min 25% (was just hired last year, which was not a good year for the sector. PM says this bonus does go higher normally - i am assuming a max of 100%).
Would love to know if there is a salary grid or something similar too.
I work for a LO in London. (£100bn+AUM) (£3bn fund). No performance fee
3 and half years experience (Generalist but mostly Industrials (85% of my research)
£67k base £28k bonus.
My company is known to be on the low end of the spectrum so i know in slightly underpaid. Looking to move to another LO at year 5 for £100-£130k range and 100% bonus
I'll add a datapoint. Work in the London office of a large global asset owner (>$300bn AUM) on the in-house fundamental equities team doing L/S. ~10 years of experience (3 sell-side, 7 buy-side. Mix of generalist and sector specialist experience). "Senior analyst" type role - next step would be a PM with a sizeable book to run.
Salary ~£170k and bonus typically 140-225% of that although a big chunk is deferred. Would caveat that team has had v strong performance the last few years and in a % of P&L type arrangement we would get at a MMHF we would be paid a lot more (albeit would not be allowed to run the kind of book we run at most of those shops).
10 years of experience and your base is £170k?????
Not sure which direction you are surprised in - doesn't seem that off market from what I have heard...
Sorry was just surprised because I was quoted a wildly different number for MM analysts (BAM, Citadel etc) doing L/S.
e.g. in your first year, your all in is £250k (£100k base, £150k bonus) and then its a free for all after.
I've heard from multiple sources, that an analyst with 5 years of experience got £1mm in total comp in between 20 - 22 (forgot which year).
I guess the question is whether you work as hard as those (they're in the office Monday to Friday 7am to 10pm and Sunday 9am to 6pm).
I think their base is capped at £300k (as a PM).
Atque repellendus maiores laudantium tenetur voluptatibus doloremque. Sapiente ullam est ea quaerat totam ex. Eaque totam veritatis fugit atque debitis est.
Nam et dignissimos quia rem omnis. Accusantium alias velit quisquam assumenda eius et reiciendis. Labore repellat soluta numquam consectetur iure qui. Est distinctio omnis perferendis similique sunt vitae. Ducimus sequi facilis exercitationem praesentium quia. Est autem inventore nihil dolores facilis deleniti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...