There is a renewed interest from asset and wealth managers looking to find a new job in the US, as over a half saw salary increases over the past year.

Research from Kathy Freeman’s 2019 Annual Talent Trends Report shows investment industry professionals are 20% more willing to consider new opportunities than last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The results are based on a survey of 300 professionals working in asset management, wealth management, alternative investments, private banks, trust companies, fintech and industry service providers in the US.

In 2018, 13% of respondents moved to a new firm—up only three percentage points from 2017.

Overall compensation continues to rise, with 52% of respondents saying they saw their pay increase in 2018, up from 49% in 2017. Of those that saw an increase, 54% experienced a jump of between 11% and 25%.

Interestingly, half of the respondents said that no progress has been made in the investment industry in terms of increasing workforce diversity.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In light of the #MeToo movement, respondents were asked whether sensitivity about gender equality has had a positive or negative impact on the industry: 70% said they believe it had a positive effect.

Lack of talent has been an ongoing conversation in the wealth and asset management industry. Almost 80% of respondents acknowledged their firm cannot source the talent they need to fill open positions: 39% believe the shortage is moderate, 33% say it’s mild, and 7% say it’s severe.

The research found that an elevated level of M&A is likely to continue in 2019, and act as a catalyst to the redistribution of talent throughout the industry. As firms seek to scale through consolidation, there will be duplication of roles resulting in workforce reductions.

Only a small fraction of respondents change firms each year. Although the number of individuals who changed firms increased by 3 percentage points, it is still insignificant in the bigger picture and reflects a continued reluctance to make a change.