Investment operations associate is a popular entry-level role in the investment industry, and salary is often a top concern for job seekers. Based on insights from job postings and surveys, investment operations associates can expect competitive compensation, often starting around $60,000 to $70,000. With experience, salaries can rise to over $100,000. However, pay varies significantly by firm, location, and investment sector. Understanding typical salary ranges can help you evaluate job offers and negotiate pay during your job search.
Starting salaries around $60,000 to $70,000
Entry-level investment operations associates straight out of college often earn starting salaries in the range of $60,000 to $70,000. For example, a Robert Half survey found average starting salaries of $68,750 for ops associates. Top-paying firms may offer closer to $70,000 to $75,000. According to recruitment firm Selby Jennings, large banks pay in the range of $60,000 to $90,000.
Experience drives salaries above $100,000
With a few years of experience under your belt, salaries can rise substantially. Selby Jennings notes that associates with 3-5 years of experience can earn $80,000 to $120,000. More senior investment operations associates and vice presidents with 5+ years of experience can make $100,000 to $150,000 or more. Top performers at elite firms can earn total compensation approaching $200,000.
Significant variation by firm, city, and sector
It’s important to note that salaries vary widely based on the hiring firm, location, and investment sector. For example, Brad Pistole of headhunting firm Michael Page told eFinancialCareers that large asset managers pay more competitively than smaller shops. Operations associates at top-tier private equity and hedge funds in New York or San Francisco also earn on the higher end. Sector-wise, private banking and wealth management tend to pay a bit less than investment banking, asset management, and trading firms.
Focus on skills and long-term potential
While starting salary is important, focus first on finding a role that fits your skills and interests and offers strong long-term advancement potential. With in-demand financial operations skills and a track record of success, your earnings potential will take care of itself over the course of your career. Research typical pay ranges so you can evaluate offers objectively, but don’t let salary be the only factor.
In summary, investment operations associates can expect starting salaries around $60,000 to $70,000, with potential to earn over $100,000 with a few years of experience. However, pay varies widely by firm, city, and investment sector. Focus first on skills fit and advancement potential when evaluating roles.