2024年投资管理薪酬指南

InvestmentManagement Compensation benchmarking forkey investment management rolesacross the USA, Europe, and APAC Contents 03.Introduction32.About Selby Jennings33.Contact Selby JenningsSalary Guidance Overview04.USA Salary Guidance05.Europe Salary Guidance12.APAC Salary Guidance21.Summary31. Introduction Many factors influenced the investment management market in 2023, including macroeconomictrends,regulatory changes,and technological advancements,bringing new investmentopportunities today for those who can successfully navigate this changing landscape. Inflation and various interest rate increases, in combination with political conflicts, only increased marketvolatility and led to a dip in M&A activity, impacting equity- and event-driven investment. This led to severalfunds closing and cuts across long-onlys, single managers, and hedge funds. Interest in emerging markets grew with firms seeking to capitalize on growth opportunities, despite thegeopolitical risks, with an increase in hiring for strategists and economists to help funds manage theserisks.The adaptation to artificial intelligence has also resulted in a resurgence in digital investing acrossthe more traditional players. These evolving trends mean that the hiring landscape is just as fast-moving and complex. Understandingcurrent market conditions and their impact on hiring, including up-to-date compensation benchmarks, isessential for both organizations who want to attract and retain top talent and for professionals consideringtheir next career move. The guide provides a comprehensive overview of compensation for the investment management sectoracross the USA, Europe, and APAC. So, whether you are a hiring manager wanting to ensure you are offeringattractive and competitive compensation, or professional looking to benchmark your salary and bonusagainst your peers, you have the information you need to make informed decisions. Salary Guidance Overview Our salary guidance contains base salary and total compensation benchmarks for investment managementroles in the following regions and markets: USA EUROPE Private Markets Investment Professionals ◆Private Credit◆Private Equity◆Investor Relations◆Asset Raising ◆Hedge Funds◆Traditional Public Markets◆Venture Capital◆Private Credit◆Private Equity & Real Assets Public Markets ◆Hedge Funds◆Traditional PublicMarkets◆Investor Relations◆Asset Raising Investor Relations & Fundraising Team Professionals ◆Hedge Funds◆Traditional Public Markets◆Private Markets APAC Singapore Private Markets Hong Kong Private Markets ◆Private Equity◆Venture Capital◆Investor Relations ◆Private Equity / Real Assets◆Investor Relations Hong Kong Public Markets ◆Equity / Credit Investments◆Investor Relations Singapore Asset Managers & Hedge Funds ◆Regional Funds◆Global Funds / Mega Funds Singapore Real Estate ◆Regional Private Funds & Investment Managers◆REITS / Developers Please notethat while the figures provided offer accurate guidelines, compensation depends on manyfactors such as differences in role specifications, the exact location of a firm, additional benefits, anda candidate’s previous experience or qualifications. Salary Guidance Private Markets ◆Private Credit◆Private Equity◆Investor Relations◆Asset Raising ◆Hedge Funds◆Traditional PublicMarkets◆Investor Relations◆Asset Raising USA Salary Guidance PRIVATE MARKETS USA Salary Guidance USA Salary Guidance PRIVATE MARKETS USA Salary Guidance USA Salary Guidance PRIVATE MARKETS USA Salary Guidance PUBLIC MARKETS EUROPESalary Guidance Investment Professionals ◆Hedge Funds◆Traditional Public Markets◆Venture Capital◆Private Credit◆Private Equity & Real Assets Investor Relations &Fundraising Team Professionals ◆Hedge Funds◆Traditional Public Markets◆Private Markets Europe Salary Guidance INVESTMENT PROFESSIONALS Hedge Funds Base salaries at multi-strategy platform hedge funds have remained relatively stable, while bonuses haveshown considerable variability, generally with an upward trajectory. Single manager funds have sought toremain competitive by offering alternative benefits and a better work-life balance. Typically, from sub-portfolio manager level upwards we tend to see profit and loss (PnL) tied bonusescome into play. Sub-portfolio managers will receive either a formulaic or discretionary bonus, based onpre-agreed terms with their portfolio manager. Portfolio managers and senior portfolio managers tendto be compensated as a percentage of the PnL they generate. This percentage varies from firm to firm,including whether this is paid in all cash or whether a portion is deferred over a 2–3-year period. Europe Salary Guidance INVESTMENT PROFESSIONALS Traditional Public Markets Much like hedge funds, traditional public markets base salaries have generally remained stable, butbonuses have shown variability in structure and size, often more heavily tied to performance and marketconditions. Alongside the push for asset man