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Ramax research | Financial services talent economics

Financial Services Compensation by Function

Selected pay examples and role insights to help you ask better questions about responsibilities, seniority and compensation. A financial advisor salary or fund accountant salary represents a different compensation model from revenue based advisor payouts, senior executive incentives or private market carried interest. Compare the responsibilities and structure behind the numbers before drawing conclusions. Speak with Ramax about the comparison that matters for your hire or next move.

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Published Ramax search examples

What do financial services roles pay?

Compare the role, seniority and location before using a salary figure. Explore regional compensation considerations for New York and other financial services markets.

Historical advertised compensation snapshots reviewed October 19, 2026. Annual amounts in U.S. dollars; these figures do not establish that the underlying searches remain open.

Three disclosed search targets show how differently employers can structure pay. Each figure belongs to one specific mandate. These are advertised targets, not accepted offers, placement outcomes or market-wide salary ranges.

CFO, Real Estate Funds

Fort Lee, New Jersey
Real estate investment management

$450,000 to $600,000

Includes: base salary and annual bonus. Carried interest participation may be available for the right candidate; the listing does not put a dollar value on it.

Mandate: finance leadership across funds, management company and property entities, including audits and institutional investor reporting.

Read the published CFO compensation and mandate

Director of AI Initiatives

Chicago, Illinois
Investment management

$500,000 to $600,000

Includes: base salary and annual bonus. The published description does not disclose the split.

Mandate: a hands-on AI leader building investment research and operating tools, working with the COO, Founder/CIO and investment team.

Read the published AI leadership compensation and mandate

Legal Counsel, Funds

Greenwich, Connecticut
Hedge fund and private equity strategies

$400,000 to $450,000

Disclosed base: $200,000 to $250,000, plus a significant bonus. The total is the advertised compensation target.

Mandate: fund formation and investment management documentation, side letters and ongoing fund legal responsibilities.

View the fund counsel compensation example; confirm availability with Ramax

A $500,000 total package is not a $500,000 base salary. Where a listing does not specify the split, we leave it unspecified. Availability and terms can change; confirm the current mandate with Ramax.

These examples show the kinds of mandates we work on. Your role, firm and compensation structure may call for a different comparison.

Interpreting advertised compensation. Consider whether figures describe base salary, target bonus, total cash or long-term awards, and whether the posting reflects a dated search rather than a currently available position.

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Compensation by Function

Front Office

Investment professionals, portfolio managers, analysts, traders, bankers and originators. Evaluate performance linked bonuses, production economics, strategy results, risk budgets and potential ownership.

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Middle Office

Trade support, valuations, product control, collateral, treasury, investment analytics and portfolio oversight. Evaluate fixed versus variable pay, control responsibility, market expertise and management progression.

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Back Office and Fund Operations

Fund administration, reconciliation, settlements, NAV oversight, investor reporting and operational infrastructure. Compare complexity of products, volumes, automation responsibility and leadership scope.

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Finance and Accounting

Fund accounting, corporate finance, FP&A, financial reporting, controllers, tax, treasury and CFO leadership. Distinguish regulated reporting responsibility from investment firm strategy and ownership participation.

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Legal and Compliance

General Counsel, fund counsel, regulatory counsel, CCO, AML, surveillance, monitoring and regulatory testing. Assess personal accountability, jurisdiction, independence, resources and deferred incentives.

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Risk Management

Market, credit, liquidity, operational, model and enterprise risk. Compare direct investment exposure, independent oversight, quantitative expertise and regulatory accountability.

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Technology, AI and Quantitative

Engineering, data, cybersecurity, quantitative development, AI governance and technology executives. Evaluate scarce capabilities, platform impact, long term equity and competition from technology firms.

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Investor Relations and Capital Formation

Distribution, institutional sales, fundraising, investor servicing and business development. Compare discretionary, formulaic and hybrid incentives, attribution, retention and fundraising cycles.

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Wealth Advisors and Client Leadership

Advisors, planners, relationship managers and practice leaders. Consider production payouts, deferred awards, book portability, client retention and platform participation.

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Executive and Corporate Leadership

CEO, COO, CFO, CRO, CCO, people leadership and strategic operating executives. Assess guaranteed cash, deferred awards, equity, change of control protection, severance and succession.

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The common framework

Five questions behind a meaningful comparison

01

What responsibilities, revenue or risks does the role actually own?

02

Which elements of cash compensation are guaranteed versus contingent?

03

How do bonus, equity and other long term incentives vest and pay out?

04

Which benefits, working arrangements and protections change the effective value?

05

What comparable firms, geographies and seniority levels form the right market?

What changes the comparison

The title is only the beginning

A controller overseeing fund accounting is a different mandate from a finance leader managing fund reporting, treasury and the management company. Similar titles can carry different team, product and regulatory responsibilities.

Our conversations look at the work behind the title and the competing employers for that experience. Tell us about the role you are considering or hiring.

Compensation examples from Ramax’s search experience

Our completed-search record includes the following anonymized roles and approximate compensation figures. They show the breadth of work we have supported across financial services.

Historical examples, not current salary bands. The original records do not consistently specify the year or base, bonus and long-term split. These amounts should not be treated as current offers or annual base salaries.

Selected historical Ramax search records. Figures reproduced as listed.
Function Role Firm type Approximate figure
Finance and accounting Senior Manager, Finance & Accounting, Alternative Investment Hedge Fund ~$250K
Finance and accounting Controller, Private Equity Private Equity ~$180K
Legal and compliance Compliance, AML, Major International Financial Services Firm Bank / Investment Bank ~$400K
Legal and compliance Commercial Counsel Real Estate ~$260K
Legal and compliance Compliance Analyst, RIA Family Office / RIA ~$125K
Leadership Chief Financial Officer, Hedge Fund Hedge Fund ~$525K
Leadership Chief Operating Officer, Private Equity Private Equity ~$500K
Human resources Head of Human Resources, Financial Services Bank / Investment Bank ~$375K
Human resources Head of Human Resources Hedge Fund ~$575K
Investment and research Investment Analyst, Private Equity Private Equity ~$275K
Investment and research Investment Associate, Private Equity Private Equity ~$175K
Investment and trading Portfolio Manager, Long/Short Equity Hedge Fund ~$475K
Client relationships Client Relationship Manager, Wealth Management Wealth Advisory ~$325K
Technology and security Information Security Director Hedge Fund ~$375K
Technology and security Salesforce Software Engineer Hedge Fund ~$180K
Risk and audit Senior Risk Manager, Risk and Compliance, Financial Services Bank / Investment Bank ~$225K

For a current hiring budget, compare the responsibilities, firm model, location and complete pay mix. Tell us which role you want to benchmark.

How responsibility changes compensation

A salary comparison becomes useful when you can see what the person is expected to own. The same title can describe a specialist working within an established team or the person building that function from scratch. Here are some of the differences we explore with financial services employers and candidates.

Finance: preparing the numbers or owning the function?

A fund accountant, fund controller and CFO may work with the same reporting cycle, but their responsibilities differ. Who reviews valuations? Who answers investor questions? Who manages the administrator, audit and treasury relationships? Moving from preparing work to signing off on it changes the comparison. A deputy with substantial decision authority also deserves a different benchmark from a supporting role with the same years of experience.

Compliance: specialist depth or program ownership?

A compliance professional might focus on testing, surveillance or marketing review. A Deputy CCO may lead several of those activities under a CCO, while a stand-alone CCO owns the broader program and relationship with leadership. Ask what the person will decide, what resources are available and where difficult issues are escalated. Years of experience alone do not answer those questions.

Legal and risk: advice, oversight and accountability

An in-house fund attorney and a General Counsel may both negotiate documents, but the latter may also manage outside counsel, advise the partnership and own the firm’s legal priorities. In risk, distinguish analysis supporting investment decisions from independent oversight with authority to challenge them. Compare the actual remit before comparing pay.

Investments and capital formation: how is contribution measured?

An analyst’s research contribution, a portfolio manager’s investment responsibility and a fundraising leader’s investor relationships call for different incentive discussions. Find out whether an award reflects individual results, team results, firm discretion or a formula. Then ask how that formula treats losses, redemptions, shared relationships and a change of role.

Operations and technology: maintaining or building?

A role supporting an established platform differs from one expected to redesign workflows, select systems or build a new capability. A hands-on technology leader may have a small team and substantial responsibility. An operations manager may oversee several providers rather than a large internal department. Team size is useful context, but it is not the whole job.

People and advisory teams: define the business contribution

HR, talent acquisition and total rewards roles can range from specialist execution to advising the firm’s leadership. Wealth advisory work can combine planning, relationship management, business development and team leadership in different proportions. Establish which contribution the employer needs and how success will be assessed before choosing a comparison group.

What should an employer bring to a benchmark discussion?

A short role outline, firm type, location, reporting line and proposed base and bonus are enough to start. We can then explore the responsibilities, resources and experience that make the comparison more specific. Candidates can begin with their current role and what they would like the next move to change.

See how firm type affects compensation, review the components of a complete offer, or request a custom benchmark conversation.

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Compensation hub   ·   By function   ·   By sector   ·   Total rewards

These are selected examples of the compensation questions we work on. The useful next step depends on your situation.

Hiring for your firm? Discuss the role, responsibilities and compensation with Ramax.

Considering your next move? Explore career paths by function and sector, or speak with us confidentially about your role or offer.