Investment management is a major industry in New York City. With Wall Street located in Lower Manhattan, New York City is considered one of the major global financial centers. As such, salaries for investment management operations roles in New York City tend to be quite competitive.
Investment banking front office salaries in NYC range from $100k to $500k+
Investment bankers in front office positions like M&A, equity capital markets, debt capital markets and leveraged finance can make total compensation ranging from around $100k for analysts to over $500k for managing directors in New York City.
Investment banking middle office salaries average $150-200k
Middle office investment banking roles like market risk, credit risk, operational risk and compliance see average total salaries between $150-200k in New York.
Back office investment ops salaries average around $100k
Investment management operations roles in the back office like trade settlement, reconciliations, corporate actions see average salaries around $100k in NYC.
Hedge fund salaries very widely but average over $300k
Hedge fund salaries have high variance but generally pay much better than traditional investment management firms. Portfolio managers, traders and analysts can see average total compensation over $300k in top NYC hedge funds.
In summary, New York City offers very lucrative salaries across investment management positions, especially in the front office of investment banks and hedge funds where salaries can exceed $500k. Average compensation is over $150k for middle office roles and around $100k for back office positions.