Can someone give me an approx range of salary for a buy side research analyst for an international emerging market fund with 6 months experience in sell side research? It would help me a lot. Thanks.
Where in the world are you? If 6 months is all the experience you have then it would depend on your qualifications really. Probably $40k-$60k base if you are looking for a very rough ball park figure iassuming you are in a reasonably significant financial centre with good qualifications. Anything lower than that isn’t necessarily terrible. It might be that you have to prove yourself for a year before they bump you up to a better salary. Anything above $60k and you are very lucky in this market with so little experience. This is assuming that you are 6 months out of college and haven’t spent the last 10 years as an engineer before switching across to finance.
If you have a good MBA you’ll probably earn over 100k plus bonus. Also depends on the size of the fund.
Let me not go into much details. But I am actually 6 months out of college (finished BBA) meaning you have guessed it right. The catch here is, I am still sitting in my sell side firm, but working exclusively (covering multiple countries) for the emerging markets fund. Anyways, thanks for the help. I appreciate it.
In any case, I was just trying to figure whether I am getting ripped off by my firm/CEO. My investigation revealed that I am getting nowhere near the amount of money that my CEO is getting from my services to the emerging market fund. I am saying CEO because I am pretty sure that the revenue is not going to the company account but rather to a personal account. What I cant understand is why the Fund would agree to pay to a personal account rather than the company account? Regardless of the money, I am actually learning a lot from this new arrangement. Also, the company I am working for is the only one its kind in my country. So I cant exactly switch job if I want to do the same work. Now I have three options. 1. Continue as it is and take it as a learning opportunity. 2. Ask for a pay raise and continue working. 3. Leave the organization.
seems like a one man organisation my frnd…in any case money going intô CEO personal account smells fishy…CFAI ethics suggest taht you talk to your conmpliace department (if ur CEO is also not ur compliance officer that is) rather than being associated ‘knowingly’ to the unethical practice
Oh, I would be so happy to report this to compliance, if we had one that is. The only authority is the CEO. So nothing would come out of it. Also, I don’t think reporting to higher authorities (regulators) would help in my country. If the money was going to my company then eventually I would have received my due recognition and I wouldn’t have a problem with the issue even if I am getting ripped off. I guess I need to disassociate, meaning leave this job sooner or later. The other thing I can do is ask my contact person at the emerging market fund to send the money to the company account. The whole situation is killing me.
So you are at a sell-side firm but working in a buy side role is that correct? Of your 3 suggestions, I think number one is best for the time being. Once you have a couple years experience and some CFA exams under you belt, then you should be able to go to London and apply for jobs with salaries of £50k and up. That is assuming you work hard and are good at what you do. No-one will pay you that 6 months out of undergrad, however, so you’ve got to knuckle down and be patient. If there isn’t much else going in your city then there is no point rocking the boat by leaving your job. Doing so with less than one year’s experience probably isn’t the wisest choice anyway unless you happen to receive an offer elsewhere that you simply can’t refuse. Try to develop as good a relationship as you can with your boss so that come the end of the year you’ll be in as good a position as possible to ask for a raise.
Sorry I just read you last post. I didn’t realise there is potential fraud going on. If that is the case then you should certainly try to leave ASAP.