In this month’s Thelander Digest, we examine different trends on how investment firms are retaining their talent for 2023. All of this data comes from our 2022 Year-End Salary Increase & Bonus Survey. Let’s dig in by exploring the numbers!
As seen in our charts below, two trends become clear:
- The median salary increase percentage is still high compared to staff-level employees at privately held companies. However, increase percentages are lower for 2021 and 2022 (which were banner years).
- Investment Firms are being more reserved with their cash, as they fear going into a potential recession / uncertain economic times.
By examining the final chart, we can see that merit and performance were the most common factors in determining a salary increase for investment professionals. Inflation played more of a factor for salary increases for entry-level analysts.
After analyzing our data, we see some notable trends:
- Investment firms are still willing to pay top-dollar in order to retain talent, regardless of uncertain economic times.
- Although the YoY median salary increase seems lower in 2022 compared to 2021, the percentages are still higher overall, compared to staff-level employees at privately held companies.
- Merit and performance are the dominant factors in salary increases for investment professionals. This indicates a strong and competitive talent market going into 2023.
Want to learn more? The full report is included in a subscription to the Thelander Investment Firm dataset.