what is salary like for Fidelity equity research analyst -post MBA

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.
 
Yeah, I think $225k is in the right ballpark. That would be a pretty decent year and bonus that was 100% of base. Other big mutual funds pay this much.
My non-finance buddies at b-school would sometimes not be that impressed when I said I wanted to work at a mutual fund. But the pay is more than adequate, the hours are not bad, and the job security is usually decent. So it’s a pretty good gig. Plus the shops are surprisingly selective–Goldman IB goes to nearly all of the top 15 schools while some of the mid-tier mutual funds only go to top 5 or so. Combine with the all the “lifers” and it can be a pretty tough spot to land.
 
Sounds reasonable. Sell side equity research analysts clear 250k regularly. Comparable buy side roles should pay similar…
 
I have heard similar things about Pyramis, they recruit from a select group of schools for their associates, and usually want “natural stock pickers”. Also is Pyramis really considered a mutual fund?
 
What would an analyst have to do to earn a 100% bonus at Fidelity? I would have thought their performance that year would have to be exceptionally good.
I can understand if the best performing analysts in a good year are getting something along those lines.
People here are talking like that is a reasonable expectation for an average analyst in an average year, however, which seems very unlikely.
 
JTLD, you are misguided on this issue. Comp in the 200s (when times were good) was par for the course for post-MBA analysts. However, it rises and falls in relation to the market so it will be harder for analysts to earn that much this year.
 
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