How big is the asset management industry? (2024)

How big is the asset management industry?

Global Asset Management Market size was valued at USD 277.42 billion in 2021 and is poised to grow from USD 373.69 billion in 2022 to USD 5455.24 billion by 2030, growing at a CAGR of 34.7% in the forecast period (2023-2030).

How big is the asset management industry in the US?

Asset Management market size was valued at USD 313548.66 million in 2021 and is expected to expand at a CAGR of 28.35% during the forecast period, reaching USD 1401808.54 million by 2027.

Who dominates the asset management industry?

BlackRock, meanwhile, which dominates the asset-management industry globally, has nearly twice the assets of all five firms combined, and its net flows to long-term investment funds totaled $1.7 trillion from the beginning of 2018 through midyear.

Is asset management a good industry?

The asset management industry is typically known for offering competitive compensation packages combined with a good work-life balance. Finding a position may be challenging as there are fewer jobs than in areas such as investment banking.

What is the size of AUM market?

The India Asset Management AUM on the double: Closing in on 100 trillion report, which was released on February 23, said the industry AUM is expected to double to Rs 100 lakh crore by 2030, which implies a compound annual growth rate (CAGR) of 14 percent.

Who is the largest asset manager in the US?

Who is the largest asset manager?

Vanguard takes institutional lead over BlackRock

BlackRock remains the world's largest asset manager overall.

How prestigious is asset management?

Although it may not have quite the cachet of investment banking, asset management is still one of the most prestigious and desirable areas in finance.

Who are the big three asset managers?

A robust literature describes the incentives and stewardship practices of the “Big Three” asset managers (BlackRock, Vanguard, and State Street Global Advisors), often referring to these asset managers as “passive.” This is so common that the “Big Three,” “index fund,” and “passive manager” are used almost ...

Is asset management a growing industry?

Global Asset Management Market size was valued at USD 277.42 billion in 2021 and is poised to grow from USD 373.69 billion in 2022 to USD 5455.24 billion by 2030, growing at a CAGR of 34.7% in the forecast period (2023-2030).

Do asset managers make millions?

Top-performing equity managers at large asset managers or hedge funds can earn $10-30 million or more per year. However, they risk much larger reductions in bonus pay if they underperform. Compensation is correlated with assets under management (AUM).

What is the highest salary in asset management?

Asset Manager Salaries in India

The average salary for Asset Manager is ₹30,62,379 per year in the India. The average additional cash compensation for a Asset Manager in the India is ₹22,62,379, with a range from ₹21,71,019 - ₹23,53,740.

Is asset management a lucrative career?

Investment banking and asset management offer lucrative career paths for ambitious, high-performing economics and finance students. Jumping into either of these fields often means making a lot of money right out of school.

What is the AUM of BlackRock?

How big is BlackRock AUM?

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.

How much of the US asset management industry is AUM?

Of these $93.8 trillion, AUM in North America was $54.5 trillion, or 58.1%. US Asset managers occupied the top 3 slots of largest managers, with BlackRock keeping its top billing since 2009, and with Vanguard and State Street rounding out the top 3 positions for the last 4 years.

How competitive is asset management?

Competition among asset managers will become "fierce" in the coming decade as growth in the money management industry slows, according to an Oct. 10 research report by Broadridge Financial Solutions Inc., the technology and operations company that supports more than $9 trillion in daily U.S. trades.

Is BlackRock the world's largest asset manager?

- Barclays Global Investors (BGI) in 2009: Acquiring BGI, including its iShares ETF platform, was a transformative move for BlackRock, propelling it to become the leading asset manager globally.

Is JP Morgan an asset management?

Our clients trust us to manage $2.9 trillion in assets to secure what matters most to the individuals, families, companies, and communities they serve. Our clients face an infinite set of portfolio building challenges.

Who is BlackRock owned by?

BlackRock is publicly owned, with its shares held by various shareholders, including institutional investors like Vanguard Group and State Street Corporation and individual shareholders. The specifics of these shareholders can change over time.

Why is BlackRock so powerful?

BlackRock is a global firm that combines the benefits of worldwide reach with local service and relationships. Investment centers in 25 cities (including New York, London, San Francisco, Tokyo, and Hong Kong) facilitate access to major capital markets.

Who is BlackRock biggest competitor?

BlackRock's competitors and similar companies include Fidelity Investments, Berkshire Hathaway, Charles Schwab, Edward Jones, Vanguard, State Street and Northern Trust. BlackRock is a company that provides investment advisory and risk management solutions.

Do asset managers make money?

The standard fee for asset managers is 1% of whatever is being invested. Some asset management funds also make money through a performance fee, similar to a bonus. Performance fees are setup so asset managers are rewarded with a bonus payout when growing the fund to a certain target threshold.

What is the average age of asset managers?

The average age of asset managers is 40+ years years old, representing 68% of the asset manager population.

Is it hard to become an asset manager?

To become an asset manager, you need a bachelor's degree in finance, accounting, or a relevant field. Experience is crucial for finding a job, so while you are in school, you should intern at an investment bank or financial institution.