View the article online at http://citywire.co.uk/wealth-manager/article/a646536
Trainees v experience - which offers the best growth avenue?
by Danielle Levy on Dec 20, 2012 at 07:00
‘If they want to run money for [a house like] Fidelity, they should go somewhere else. This is private client land, therefore they need the personal skills, not just an ability to number crunch and read balance sheets,’ he added.
Graduate trainees vs experienced hires – in numbers
Average salaries according to ComPeer’s latest remuneration survey:
• Portfolio manager (running £100 million - £160 million) = £143,670
• Portfolio manager (running £40 million - £100 million) = £85,736
• Portfolio manager (running less than £40 million) = £54,328
• Graduate trainee = £32,000
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