Asset management salaries slide 17% in 2015

According to global data

Asset management employees around the world took a pay cut of almost a fifth last year as the industry suffered its worst year of profitability since the financial crisis.

Data gathered by Emolument, which collects pay data, showed asset management employees' median pay, including bonuses, fell by 17% to £83,000 last year, compared with just under £100,000 in 2014. At the same time, the global fund industry's operating margins fell for the first time since 2008-09 financial crisis, to 32%, according to consultancy firm Casey Quirk. The fall in pay is much greater than suggested in previous studies by consultancy Greenwich Associates and recruitment firm Johnson Associates, which predicted pay levels would slide by only 5% over 2015, the Financial Times ...