COMPENSATION SURVEY RESULTS FISCAL YEAR MAY 2015

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1 COMPENSATION SURVEY RESULTS FISCAL YEAR MAY 2015

2 SURVEY OVERVIEW What type of organization do you work for? 9.4% 7.1% 22.4% 20.0% 15.3% 85 Total Respondents Majority of respondents work in Wealth Management, Mutual Funds, Asset Management, Consulting, and Commercial Banking Other industries did not have a significant number of respondents (n<4) but are included in aggregate data 25.9% Wealth Management Asset Management Commercial Bank Mutual Funds Institutional Consultant Other 2

3 SURVEY OVERVIEW What is your role / title? Consultant, 7 Research Analyst, 16 Portfolio Mgr - Client/Bal., 12 Portfolio Mgr - SMA/Mutual Fund, 18 Risk Management, 6 85 Total Respondents Majority of respondents work as Portfolio Managers or Research Analysts Other significantly represented roles include CIOs/Directors of Research, Consultants, and Risk Managers Other, 16 CIO/Director of Research, 10 3

4 SURVEY OVERVIEW 11 How many years of work experience do you have? Total Respondents Most respondents have significant work experience Average work experience of 18.8 years Median work experience of 18 years

5 # of respondents Years of Experience COMPENSATION TRENDS - SALARY 40 What is your current salary? Avg. & Median Salary By Experience <$50K $50K - $100K $100K - $150K $150K - $200K $200K - $250K $250K - $300K >=$300K $0 $50,000 $100,000 $150,000 $200,000 $250,000 Median Salary Avg. Salary 5

6 COMPENSATION TRENDS SALARY CONT D Avg. & Median Salary By Industry $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $0 In aggregate, most respondents have a salary between $100K - $150K Work Experience appears to drive most variations in salary Avg. Salary of Institutional Consultants is likely understated due to significantly lower average work experience (13 years vs. total average of 19 years) Avg. Salary Median Salary 6

7 COMPENSATION TRENDS BONUSES & OTHER Bonus Distribution 8, 9% 3, 4% 4, 5% 7, 8% While most respondents (88%) received a bonus or other nonsalary compensation, it was typically less than salary Median of $34K 13, 15% 50, 59% Bonuses and non-salary compensation appears bi-modal; very few respondents were in the middle ranges <$50K $50K - $100K $100K - $150K $150K - $200K $200K - $250K >=$250K 7

8 # of respondents Years of Experience COMPENSATION TRENDS TOTAL COMPENSATION What is your total compensation? 25 Avg. & Median Total Compensation By Experience $K $100K $200K $300K $400K $500K $600K Median Total Comp. Avg. Total Comp 8

9 COMPENSATION TRENDS TOTAL COMP. CONT D $400,000 Avg. and Median Total Comp. By Industry $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 Mutual Fund Commercial Bank Asset Management Wealth Management Institutional Consultant Other 9

10 COMPENSATION TRENDS SATISFACTION How satisfied were you with your compensation for 2014? (7=Highly Satisfied, 1=Highly Unsatisfied)? 7, 25% 1, 4% 2, 7% 3, 11% 4, 14% 6, 21% 5, 18% The vast majority of respondents (55%) are satisfied with their current compensation 10

11 COMPENSATION TRENDS TOTAL COMP. CONT D Median Salary & Compensation by Role and Education 11

12 INDUSTRY SPECIFIC SUMMARIES 12

13 # of respondents Years of Experience SALARY & COMP. TRENDS MUTUAL FUNDS Salary and Total Compensation Salary & Compensation By Experience $100K - $150K $150K - $200K $200K - $250K Salary $250K - $300K Total Comp $300K - $500K $500K - $1.0MM+ $1.0MM $K $100K $200K $300K $400K $500K $600K Median Total Comp. Avg. Total Comp. Median Salary Avg. Salary Note: No respondents with 0-5 or years of experience 13

14 # of respondents SALARY & COMP. TRENDS ASSET MANAGEMENT Salary and Total Compensation Salary & Compensation By Experience $K $100K $200K $300K $400K $500K $600K Salary Total Comp Median Total Comp. Median Salary Avg. Total Comp. Avg. Salary Note: No respondents with 0-5 years of experience 14

15 # of respondents SALARY & COMP. TRENDS WEALTH MANAGEMENT Salary and Total Compensation Salary & Compensation By Experience $50K - $100K $100K - $150K Salary $150K - $200K Total Comp $200K - $250K $250K - $500K $K $50K $100K $150K $200K Median Total Comp. Avg. Total Comp. Median Salary Avg. Salary 15

16 # of respondents SALARY & COMP. TRENDS CONSULTING Salary and Total Compensation Salary & Compensation By Experience $50K - $100K $100K - $150K $150K - $200K Salary Total Comp $K $50K $100K $150K $200K Median Total Comp. Avg. Total Comp. Median Salary Avg. Salary Note: No respondents with years of experience 16

17 # of respondents SALARY & COMP. TRENDS COMMERCIAL BANKING Salary and Total Compensation Salary & Compensation By Experience $50K - $100K $100K - $150K $150K - $200K $200K - $250K Salary Total Comp $K $50K $100K $150K $200K $250K Median Total Comp. Avg. Total Comp. Median Salary Avg. Salary Note: No respondents with 0-5 or years of experience 17