I've been in contact with ppl from theAMfirm from which I received a full-time offer (lines ofPIMCO，blk，Fidelity。。), as I still am having trouble with my decision (IB over AM) and I'm starting to be annoying af.
的人我和were from the equities/FIdivisions. I was surprised to see that a great deal of their PMs followed a basic trajectory: analyst, associate, then PM all at the same firm. However, I was too shy to ask about comp progression. I'm taking theIB提供的报价要多得多。但AM, in the grand scheme of things, is an overall better career path, especially with the stability and high retention rates at the top firms (although it is still vague to me if the work gets more difficult for PMs, which is not an issue).
With regards toAM，补偿会大幅增加，向上移动吗？如果有人能为此启发我，那将非常感谢。谢谢！
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Personally, I would take anAMoffer (equity or FI) at any of those firms overIBbecause of the much better lifestyle and because I want to be an investor long term. If that is your goal I would suggest theAMrole and do not worry about short term compensation because long-term you will likely earn just as much there (if not more) with significantly better lifestyle. Just my thoughts though!
Appreciate your thoughts!
从长远来看，我也与您的道路保持一致。我现在不太在乎生活方式，我真的没有太多的社交生活。但是，是的，我自己想成为PM。得知欧洲实际上很容易从IB到AMput even more into it
Do you have an idea how long it takes before, yknow, you're paid "big bucks"? (I swear I'm not as venal as I might sound, just curious!)
In my experience, it would be extremely difficult to move fromIB到AM。我根本不会指望它。
我实际上不知道梯子的每个步骤，但是我确实有一个数据点。s UK Equity Research AnalystPosition being at £65k (which I thought was very impressive) and I imagined that Fidelity and PIMCO would pay similarly. Obviously from there it is going to keep increasing...
我要警告您的一件事是，很难进入Pimco/Fidelity/t.rowe型商店，尤其是当您变得更高级时，因为那里的人们不想离开，这很难闯入。如果您确定要进入公共市场，请考虑一下。如果你对PE那绝对是IBroute is the better choice
你好。这可能是一个愚蠢的问题，但是这些公司意味着人们倾向于长时间停留是什么呢？
I'm sure this is a very nooby question but I'm bouncing all overWSOtrying to find out as much as I can as a current undergrad.
I work in one of the firms mentioned in equities in London and can offer some advice:
- 支付AM明显低于IBfor I would say the first 2-4 years. In my experience from year 5 I was earning significantly more than the equivalent level inIB（来自阿克斯登工资调查）。
-AMcomp however is very dependent on personal performance (ie. ability to pick stocks), I had very strong performance, so this would not be the case for everyone, but was true in my case. Generally salary is less than inIB(as is the case in anyAM或HF），但是奖励 +递延的comp可能更高。
- It is very fair that you are paid less for the first few years inAM，AS：1。您的时间远低于IB。2.一般环境/人往往会更好。3.您有薪水学习...AMthere are not many mundane tasks for grads to do, really you don't add much value but are around to learn and to become useful after a few years. InIB, you immediately add value to the organisation via formatting PPT presentations.
- I honestly wouldn't worry much about pay in your first few years. It doesn't feel like it to you now, but the difference between making £90k or £60k in your first year is totally irrelevant over time. You should not base your decision on this.
- 正如您所说，许多PMS倾向于在同一公司中脱颖而出。AM很少从IBin my experience (either hire from research or other buy side shops). If you want to be anAMPM, I would very strongly advise you to take theAMrole now.
- 我认为您的决定应该取决于您想做的事情。如果你想工作IB长期，显然在IB。IB在较高级别上是一项销售工作。很多学生都对此感到嗅到，但是如果您热爱销售和热爱努力工作，这对您来说可能是一个伟大的职业（我从未在IB中工作过的全部免责声明）。如果你想做PE， 去做IB(I think it is extremely hard to go fromAM到PEin my experience, but inIB您将被猎头轰炸，要求您在PE中采访）。如果你想做HF, bothIB和AMwork (not sure to be honest which is better... would probably decide based on which you prefer to do LT in case you don't get aHF提供）。如果你想做AM，绝对去AM。
- If you are good at any of these roles, you will make a lot of money... successful PMs inAM, and MDs in IB make millions of £ per year... you should base your decision more on what you like and what you think you will be good at, than anything else.
Whoa .... thanks for the response! (in retrospect I think i should've posted in this forum earlier lol)
我认为可以说我更倾向于AMin the long run, and given the information you provided i think I'm a little relieved.
有点无关紧要，但想听到您的想法
I'm hoping to passCFAlevel 2 (results jul 29th). The knowledge I've gained is obviously huge. from your experience, do you think it's going to add anythingexceptional到my skillset, given that my previous experience has only been in M&A?
I don't mean to be blunt but no I don't think so.
CFAis not bad to do, and does give you a grounding in some basic finance concepts that is definitely a plus, but the real world of investing is very, very different to the academic world of theCFA。It is certainly nothing exceptional to do it - many people inAMdo theCFA，以及那些没有在工作中掌握概念（以及更多）的人。
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