How Much Am I Worth?: UK Portfolio Manager, Midsize UK Investment Management Firm

Financial News, May 27, 2002 | Go to article overview

How Much Am I Worth?: UK Portfolio Manager, Midsize UK Investment Management Firm


A panel of specialist headhunters give their assessment of typical London pay packages: UK portfolio manager, midsize UK investment management firm: salary - [pound]80,000, bonus 100%-200% of salary. It is said that 10 years must pass before one can start to feel nostalgic for time passed, but most UK portfolio managers are already looking back on the late 1990s as a golden, halcyon era.

The sky seemed the limit for the FTSE - and for technology stocks. All it seemed to take to be a successful fund manager was to choose the right sector and then sit back and see the index climb northwards.

These days, with the long promised recovery in equities still awaited and so many UK portfolio managers "resting" or tending to their gardens, the best news is that most of the medium-sized financial institutions have no more fat left to cut.

However, the bad news is that with the UK being the market covered in the most depth by UK portfolio managers, supply is currently much greater than demand will be even when the job market recovers: this means that for pay packages, it will be a while before the glory days return.

"These days, UK investment management firms are simply not wanting to match the salaries that were paid a few years back: in fact they are trying to claw back what they now see were grossly inflated packages," says David Carrier of Wellington Consulting, who says the typical mid-sized UK firm will pay well below the level of a US or European major.

He notes that packages in 2001 fell steeply from the 2000 level, when [pound]100,000 with a 300% bonus was not unusual; the slide will continue into 2002 as expectations fade that the FTSE is about to emerge from the doldrums.

Martin Symon of Alexander Mann Global Markets (AMGM) says that salary still depends very much on length of experience, with a five-year record of managing funds successfully commanding a salary range [pound]60,000-[pound]80,000 with bonuses very much based on performance: 100% is now deemed quite good, with equity participation increasingly offered where this is possible. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

How Much Am I Worth?: UK Portfolio Manager, Midsize UK Investment Management Firm
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.