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Asset Management

Fund managers hand out 40% salary increases to private market hires

‘Candidates are having multiple discussions and are receiving multiple offers. It is definitely driving up compensation and speed of hiring processes’

PwC estimated last year that assets under management in private markets could expand by between $4.2tn and $5.5tn in the years leading up to 2025
PwC estimated last year that assets under management in private markets could expand by between $4.2tn and $5.5tn in the years leading up to 2025

Asset managers have been fighting over themselves to secure the best ESG talent, but another battleground has emerged for some of the industry's best professionals: private markets.

Competition for specialist private markets expertise is so intense that those with the right skills and knowledge can command salary increases as high as 40%, according to recruiters.

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