Money managers may see higher bonuses this year, but are bracing for job cuts in 2019
|11/28/2018||Posted by BusinessMediaguide.Com under General World News||
- Asset management compensation will increase 5% this year, a new study says.
- But there are still major challenges within the asset management industry and things could get worse in 2019.
Asset managers are likely to receive a small bump in their overall compensation this year – around 5%, according to a new report. But that uptick masks some of the larger challenges within the industry, as market volatility, the reallocation of compensation pool dollars to technology investments and declining margins eat into industry profits.
Overall compensation for equities-focused traditional asset managers is expected to average around $710,000 this year, compared to $490,000 read more >>>