JohnThainsLimoDriver Wrote: ------------------------------------------------------- > If Fidelity’s paying 250G’s out of b-school then > Goldman must be paying half a mil. That’s all I > got to say. Someone’s lying. agree
batterinram Wrote: ------------------------------------------------------- > Ok this is how it works in Fidelity. You are hired > as an associate from a undergrad program and you > have 3 years to prove yourself if you are good you > become an analyst if you are not you are out. > Analysts are also hired from top MBA programs > directly. Then there are sector specialists who > are undegrads or MBAs hired from second tier > colleges, these guys support the analysts and the > PMs and generally do low level work. It is very > difficult for a sector specialist to get promoted > to an analyst. Just to clarify the 225000 I > mentioned included some bonus for signing up from > a top b-school. > > >>>>fidelity has a million analysts, i doubt they > are making 250K > > You will be surprised when I was there the Boston > office (in summer street) had only about 150 > investment professionals (analysts, associates > and PMs put togather). Here I am talking about > equities only. Now after the recession it has been > cut to about 100, this is nothing like what you > think. Their equity dept is in RI and Fixed Income is in NH. Summer street office is full of technology and ops folks.
Here is the average comp for “Fidelity Investments Research Analysts” with 4-6 years of experience per Glassdoor (based on 3 reported salaries): Base: $113K Bonus: $104K Total comp: $217K Significant dispersion in the range, but make of it what you will.
cfaboston28 Wrote: ------------------------------------------------------- > batterinram Wrote: > -------------------------------------------------- > ----- > > Ok this is how it works in Fidelity. You are > hired > > as an associate from a undergrad program and > you > > have 3 years to prove yourself if you are good > you > > become an analyst if you are not you are out. > > Analysts are also hired from top MBA programs > > directly. Then there are sector specialists who > > are undegrads or MBAs hired from second tier > > colleges, these guys support the analysts and > the > > PMs and generally do low level work. It is very > > difficult for a sector specialist to get > promoted > > to an analyst. Just to clarify the 225000 I > > mentioned included some bonus for signing up > from > > a top b-school. > > > > >>>>fidelity has a million analysts, i doubt > they > > are making 250K > > > > You will be surprised when I was there the > Boston > > office (in summer street) had only about 150 > > investment professionals (analysts, associates > > and PMs put togather). Here I am talking about > > equities only. Now after the recession it has > been > > cut to about 100, this is nothing like what you > > think. > > > Their equity dept is in RI and Fixed Income is in > NH. Summer street office is full of technology and > ops folks. when did they move the equity guys to RI? I know pyramis is in RI…
Pyramis is in RI and most of the research are in RI too. Many research guys are also working from India.
Isn’t pyramis widely considered to be Fidelity’s B team?
cfaboston, that’s simply untrue. Pyramis is in Smithfield and all of the research analysts and PMs that cover the institutional business are part of that organization. FMRCo, which is generally the retail side of the biz, has all of its analysts and PMs in downtown Boston. “Many research guys are also working from India.” That’s untrue.
cfa2grunt Wrote: ------------------------------------------------------- > cfaboston, that’s simply untrue. Pyramis is in > Smithfield and all of the research analysts and > PMs that cover the institutional business are part > of that organization. FMRCo, which is generally > the retail side of the biz, has all of its > analysts and PMs in downtown Boston. > > “Many research guys are also working from India.” > That’s untrue. India thing is not untrue. I’ve met people who do research in Fixed income from India. They visit US once a year. Do you work for them?
There are outsourced analytical functions, but it’s not like the primary analysts are in India. You might want to fact-check before posting incorrectly.
cfa2grunt Wrote: ------------------------------------------------------- > There are outsourced analytical functions, but > it’s not like the primary analysts are in India. > You might want to fact-check before posting > incorrectly. Dude- easy you are grunting too much. Do you work for them?
Ask bannisja. I just find the posts on here amusing as people are so confident in their misinformation.
there seems to be a good amount of misinformation here, yes. do i think $200-250k for someone coming out of a top b-school on the analyst side in boston/FMR sounds about right… yeah, it’s not way off. of course, in any job that is so heavily dependent on bonus, this year should be interesting. a lot of the story has yet to be told… we’ll see how the 2nd half of the year is for the markets in general. for a huge fee based sort of mutual fund co. like FMR, obviously if the market can hold/rally, these figures are going to be more favorable. grunt, cfa, does not post to this site all the much- typically when she does, it has merit. for what that’s worth folks, dismissing her input here is probably a dumb idea. but do what you like. carry on. JTLD in 3, 2, 1… pic or grunt doesn’t exist?
Dermot81 Wrote: ------------------------------------------------------- > Here is the average comp for “Fidelity Investments > Research Analysts” with 4-6 years of experience > per Glassdoor (based on 3 reported salaries): > > Base: $113K > Bonus: $104K > Total comp: $217K > > Significant dispersion in the range, but make of > it what you will. This makes sense.
ok I am wrong. Bannisja is a veteran in the industry and I obey her words. Sorry grunt. I was wrong.
I have no idea how much they make, but just wondering what can someone fresh out of school do that is worth 250K ? Excel ? PowerPoint ?
mo34 Wrote: ------------------------------------------------------- > I have no idea how much they make, but just > wondering what can someone fresh out of school do > that is worth 250K ? Excel ? PowerPoint ? They are saying with 4-6 years of exp.
batterinram Wrote: ------------------------------------------------------- > 225000 USD (including bonus) -post MBA and no > relevant experience This is what I am talking about.
I’ve never heard of Pyramis before this thread. In addition to catering to institutional clients, is there anything that Pyramis does differently than Fidelity? Is Pyramis considered 2nd tier to Fidelity, or vica versa?
Fidelity Investments is an affiliation of two holding companies: FMR and FIL. Fidelity Management & Research Company (FMR) established Pyramis Global Advisors in 2005 to focus on institutional clients and non-ICA-of-1940 businesses. They have their own dedicated research team in addition to access of all the resources that FMR has to offer… Pyramis also uses their own proprietary risk systems to monitor/manage unwanted risks. They’re more robust in this aspect when compared to FMR… but i wouldn’t necessary say they (or FMR) are a higher tier shop than the other. Not sure how the industry feels about them though. PGA also offers more alternative products (i.e., long/short, high yield, real estates, etc).
mo34 Wrote: ------------------------------------------------------- > I have no idea how much they make, but just > wondering what can someone fresh out of school do > that is worth 250K ? Excel ? PowerPoint ? The racist speaks the truth.