Salaries for investment analysts in Frankfurt

Hello,

I'm new on this forum and I've spent some time reading many topics about salary and how is life in Frankfurt before writing tou you. I'm actually leaving in paris (France) and I have a job opportunity in frankfurt as Senior Investment Analyst Research in the asset management field. My problem is that I dont really know how much to ask as salary for this job. I am 28/29 years old and I have allready 3 years of experience in the same area but as junior analyste. If I go for 60K-70K per year would this be ok or is too much for my age/experince?
Thank you in advance for any advice and I can provide more detail if needed to evaluate this job.

I think that range cited is appropriate for your experience level and the position, but hopefully, Eugene ac, Dan Hessen, LifeisaBuffett, or someone else knowledgeable about Frankfurt and the industry will weigh in on that.

Good luck..

Thank You Conquistador for your quick answer.

I have fogotten to tell you that the job offer is within the same company where I spent my last 3 years. The job is more like a transfer to Frankfurt but in a new department of the company. The job will be as senior and we are supposed to develop the bussiness in Germany.

lots of thanks again

Staying with the same company often puts a damper on the amount of any salary increase, but on the other hand you probably already had a good idea of what a Senior Analyst makes in your company. Sounds like you have a great opportunity awaiting you.

Hi,

I would like to have the opinion of other people concerning the salary of a Senior Investment Analyst in Frankfurt. An investment analyst is the equivalent of a Financial Analyst but in the Fund of Fund Management. Insted of analysing companies (Finacial Analyst), an Investment Analyst deals with Mutual funds by creating a peer group of mutual funds, screening them quantitatively and analysing the investment process and the talent of the portfolio manager. He's objective is to identify the best mutual funds in order to invest in.
Can someone help me with the possible level of salary for this kind of job? I was thinking at 60-70K per year as fixe salary but I want to check with you, because I dont know the price value for this job in Frankfurt.

thank you for your feed-back.

I am a recruiter in the Frankfurt area and deal with various salaries all day. I am in another department so I don't have as much experience with this field but I can let you know that is a very healthy salary range for what your position and experience is. If you want more info feel free to ask.

Thank you for answer.

Ok, so asking for 60-70k per year is too much money for my age/experience.. I've put below the offer I have . As I said, this is more a transfer from the actual position I have in France as Junior to a Senior position. The weak point is that they know my actual salary in France . Considering this what would be then the right salary range for this job?

thank you in advance!
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MAIN PURPOSE:

To provide analytical support on a bottom up basis to the larger investment team, so that informed investment and asset mix decisions on all portfolios managed by company can be made.

The investment research analyst sits on global due diligence committees and is responsible for driving the agenda for their area of responsibility and providing analytical support materials to all committee members for each meeting to conduct meaningful investment discussions.

KEY DUTIES & RESPONSIBILITIES:

Indicate the activities and percent of time spent on each below (use the tab key in the last table box to add subsequent lines.)

% of Time Activity

ANALYTICAL RESPONSIBILITES

• Research will be achieved using a combined qualitative and quantitative approach to provide detailed analysis and comparison of all funds within a particular asset class for use within the global due diligence committee. Ie/ track portfolio characteristics, risk analysis, style analysis
• Liaising with internal and external investment managers to monitor their performance and asset allocation. Arrange for and participate in investment presentations from sub-advisors.
• Compiling Fund research commentaries – a current investment opinion on each fund held in the programs including both proprietary and third party funds.

• Using company screening process to lead due diligence efforts for new fund searches in order to create short list of investment candidates.
• Understanding of competitive landscape in their sectors including monitoring top external funds for perspective on proprietary performance. Keep current on research reports ie/ xxx, yyy, Zzz.

• Liaise with local analyst(s) in regional offices for help on third party manager qualitative research

• Ad Hoc support to the Marketing Team and Sales Team to help answer questions regarding portfolio construction or performance.

• Ad Hoc support to all members of company on a daily basis, to provide any additional analytical material necessary for inclusion in a presentation, proposal, etc., that will assist in making solid investment recommendations using concrete analytics as support.

INVESTMENT COMMENTARY RESPONSIBILITIES

• Monthly “Advisor Monthly� commentary bullet points

• Quarterly statement commentary bullet points

• Active Management Commentary (commentary bullets come directly from statement commentary)

• Investor Quarterly Commentary

EDUCATION, TRAINING & EXPERIENCE:

Indicate the mandatory (M) and preferred (P) levels of education, training and experience required to perform the job at a fully competent level. Note that all mandatory requirements must be critical to the effective performance of the job and without which the job would be difficult to perform at a fully competent level.

Mandatory/
Preferred
Description of level of Education, Training, Experience
M University/graduate degree in business
P CFA designation
M Strong capital markets knowledge
M Strong communication skills, both written and oral
M Strong computer skills including experience with Bloomberg, constructing financial models
P Strong Asset allocation skills
P Exposure to a multi manager investment platform

Well, are you 28 or 29?

Seriously though, I spoke with our head of research (Sell side brokerage). He said 60-70 is about in line given your age and experience. Of course that depends on the total compensation package (bonus?) and also whether or not you are a freaking brilliant rocket-scientist shooting super star or if you have just an average brain like the rest of us. Frankly though, you always make big gains in compensation when you change firms. That's something you'lll want to time very well.

Maybe we should ask what you are making right now? Are you a CFA candidate?

Well, I'm 28 and I have a master degree in Finance and right now I'm preparing CFA level I for june 2008. I have been with BNP PARIBAS Asset Management for a 6 months internship in Altenative Investments doing the VaR and stress test calculation for their hedge funds and right now I'm Junior Fund Analyst within a big north american asset manager. In june I will have 3 years with the company. My job consists in :
-identifyiong the "best" mutual funds using a quantitative and qualitative analysis of each peer group of mutual funds that I consider ( eg the "best" mutul funds investing in European Large Caps) and then
-making recomandation tyo the portfolio manager of the Fund Of Fund.
More over, I like programming in VB and Java and I have a good command of Bloomberg and other financial software.
hope it helps!

You'll have your work cut out for you at the moment. Lots of very smart people suffering crap performance.