“Asset management industry paychecks are on the decline, but not for workers with specialized skills. The excess talent generated by asset management consolidation and staff cuts has contributed to fractured compensation in the job market, as managers seek specialized skills. Firms are paying more for staff with technology expertise and very specific abilities while more traditional candidates face stagnant or declining pay.”

Just to set the record straight, distribution organizations are flattening for sure. However, marketing and internal sales desks are growing in size and sophistication and external sales professionals are being concentrated in just the largest metropolitan areas. Great reporting by Dervedia Thomas with FundFire on a tough issue facing the asset management industry.

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