Fund manager pay could surpass that of investment bankers by 2016

A report by think-tank New Financial has suggested fund manager pay may overtake that of investment bankers by 2016, following a sharp rise since the financial crisis.

The average pay per employee at asset management groups has increased by one fifth, to $263,000 (£171,000) since before the crisis, research found. This means that average pay for asset managers is now more than 90% than at investment banks, where the average compensation cost per employee is $288,000. A decade ago, it was half that amount. The paper looked at 12 investment banks or investment banking divisions of larger groups, and 18 asset managers, where information was publically available. Though investment bankers earn two to four times more than their colleagues in the rest ...