- This topic has 3 replies, 4 voices, and was last updated May-1811:45 pm by
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Up0
Anyone know a salary range for an Associate Institutional Relationship Manager/Associate Institutional Portfolio Manager? I’m currently in the role and am wondering if I am paid adequately. I have about 4 years experience in this role, however I’ve been in the industry for about 10.
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Up4
Completely agree. And out of curiosity whats your current salary range?
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Up3
It varies hugely by location. But my rough rule is that the longer you stay in a company without fishing for something elsewhere, the more likely you’re underpaid. If you’ve not looked around for 4 years it might be a good time to do so, even if it’s just to recalibrate your market views and expectations.
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Up3
$60-80k in a small market (or small AUM relationships) maybe $100+ in larger market sounds about right from my colleagues who do that work. PMs and Senior PMs can double or triple depending. I agree with @hairyfairy regarding the “internal pay-anchoring.” The longer your pay has not been adjusted to market comp, the more likely you are underpaid. However, this may not be true from a total comp/benefits perspective though, as more tenured people can get better perks/bonus scales/etc. Your BASE salary, however, will most likely look lower on a relative basis.
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