The career portal efinancialcareers has analysed German asset manager and the German subsidiaries of internationally operating asset management companies. The ranking was completed by a survey among headhunters.
Allianz Global Investors pays their employees best. On average, the gross remuneration in 2015 amounted to 197,000 Euros. UBS Asset Management and Deutsche Asset Management occupy the second and third place with about 182,000 and around 150,500 euros, according to the analysis of efinancialcareers.com based on the annual reports of the asset managers. Although some reports have not yet been published and the ranking is thus only a preliminary one, efinancialcareers calls the results meaningful:
While the ten best paying asset management companies pay an average of 124,000 Euros, some firms pay their employees on average less than 80,000 Euros per year. The proportion of well-paid portfolio managers and sales representatives in comparison to employees in the middle and back office seems crucial for the average pay, says efinancialcareers.
For an employee’s individual remuneration, his position at an asset manager is of distinct importance. efinancialcareers finds in a survey among headhunters, that senior sales representatives earn between 120,000 and 180,000, while portfolio managers earn between 90,000 and 140,000 without bonuses: