Texas has emerged as a major hub for capital investments and asset management in recent years. With its business-friendly policies, skilled workforce, and proximity to Latin America, Texas provides fertile ground for investment firms and funds to thrive. This article provides an overview of common salary levels across various roles in the capital investments industry in Texas.
Investment banking salaries in Texas
As a front-office role involving large deals and transactions, investment bankers are compensated very lucratively in Texas. First-year analysts straight out of college can expect to earn base salaries of $85,000 to $95,000. Second-year associates see base pay in the $110,000 to $130,000 range. Vice presidents take home $175,000 to $225,000 in base salary, while senior bankers and directors earn total compensation packages approaching $500,000 or beyond.
Private equity salaries in Texas
Working for private equity funds also pays very well, though overall compensation is lower than high-flying investment banks. Associates can expect to earn around $150,000 to $200,000, while principals and partners earn between $250,000 and upwards of $1 million depending on carried interest and performance.
Asset management salaries in Texas
Portfolio managers and investment analysts at mutual funds, hedge funds, endowments, and other asset management firms in Texas earn strong compensation but below investment banking and private equity levels. Salaries range from around $80,000 for junior analysts and associates up to $250,000 for senior portfolio managers.
Wealth management salaries in Texas
As client-facing advisory roles, wealth managers in Texas typically earn $100,000 to $200,000 in salaries and bonuses. More established advisors also earn fees and commissions based on assets under management, which can push total comp to $500,000 or more for top performers.
In summary, Texas provides high and rising salaries across capital investments sectors like investment banking, private equity, traditional asset management, and wealth management. Top performers can earn total compensation reaching several hundred thousand or more.