Does anyone have any idea about the salary ranges of the traders (equity and fixed income) who work at mutual fund companies? Since they are not market making, do they received bonuses based on performance? I understand that there will probably be wide differences between mutual fund companies, but I just wanted to get an idea.
a cousin is at Janus for mutual funds: there is a team of Junior Analysts paired w/ one or two senior analysts. they present ideas, travel to meet CEOs, companies, presentations etc. they make around 90-150k work ALL day and NIGHT fund managers get incentives and perks and sometimes even ownership in the funds themselves. make 1mm and upwards. quants and others have their own pay structures.
A mutual fund has little 'traders' if you are referring to active traders. Most funds are buy and hold now to keep portfolio turnover as low as possible. As another post said, very automated now. The ANALYST post is spot on. Mutual funds do not (for the most part) engage in active day-to-day trading. They build large positions in stocks AFTER the analysts do their jobs. Now a hedge fund could be a completely different animal.