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December 17, 2018

UAE Salary Guide 2019 - Investment Management

"Investment management leaders have responsibilities beyond managing the issues of the day—they should also position their firms for the future."

UAE Salary Guide 2019 - Investment Management
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai
Cooper Fitch Dubai

Recruitment considerations for investment management companies in the UAE.

The focus on getting the talent with the right soft skills set has been a stable trend. Due to the demanding nature of work, investment management firms are looking for individuals with not only profound subject matter expertise but also advanced interpersonal skills. Expats who relocate to the GCC must be able to adapt to the culture of the countries they are residing in, and therefore cultural intelligence is on the recruitment agenda for a broad range of companies in the industry.  We also see a need for leaders who can run multicultural teams smoothly. In turn, attracting talents from the financial hubs of the world like New York or London remains to be a challenge as candidates are often not willing to relocate, preferring to pursue their careers in more mature markets. However, there is still an increasing inflow of expatriate talent to the market as there are many factors that drive talent to seek opportunities in the Emirates. Such factors include increasing competition internationally and especially the major financial centres worldwide, political changes in some countries such as Brexit and also increasing attractiveness of the UAE as a market and an expat destination.

UAE is setting itself to become ready for a more diversified and mature Investment Management market.

Apart from the talent considerations mentioned above, another trend is an increase in Governance, Risk and Compliance (GRC) roles as there is a great push for best practices and transparency in this area as dictated by regional and global markets. Secondly, there is a growing trend for investment portfolio expansion beyond the UAE and hence a greater focus on investing in foreign markets which sometimes requires professionals experienced in cross-border investment roles.  As per the UAE, we do see education, healthcare, aerospace and technology as quite dominant industries at the moment and investment firms are looking to attract talents in these avenues. Finally, the competition for national talent in the UAE is increasing given the limited talent pool.

Firms are focusing more on candidates who can integrate with the local and business culture. More thorough assessments are being implemented to have a better grasp of the candidate's knowledge and personality both practically and theoretically.

The effect of emerging technologies on investment management in the UAE.

Investment management leaders have responsibilities beyond managing the issues of the day—they should also position their firms for the future. Technologies are now invading the Investment space. From Big Data to predictive analytics, Investment firms in the region are swiftly trying to adapt to the technological advancements and acquire the required talents to run these technologies.

An eye on the near future.

One of the core elements of Emirate’s Vision 2021 is a sustainable environment and infrastructure. The UAE Government wants to ensure sustainable development while preserving the environment and to achieve a perfect balance between economic and social development. Real estate remains an area of focus in the region and companies are looking forward to diversifying their portfolios, and hence more candidates are expected to be needed in this arena.

 

ROLES

TITLE

MIN

MAX

PRIVATE

Chief Investment Officer

70,000

100,000

SECTOR

Head of Asset Management

65,000

80,000

 

Head of Investor Relations

50,000

70,000

 

VP - Placements

45,000

58,000

 

Fund/Portfolio Manager

35,000

45,000

 

VP - Asset Class Specialist

40,000

55,000

 

Investment Senior Associate

35,000

50,000

 

Investment Associate

32,000

40,000

 

Investment Analyst

23,000

30,000

PUBLIC

Chief Investment Officer

110,000

170,000+

SECTOR

Head of Asset Management

80,000

100,000+

 

Head of Investor Relations

75,000

90,000

 

VP - Placements

65,000

78,000

 

Fund/Portfolio Manager

55,000

70,000

 

VP - Asset Class Specialist

72,000

85,000

 

Investment Senior Associate

50,000

65,000

 

Investment Associate

45,000

57,000

 

Investment Analyst

35,000

42,000

Monthly salaries in UAE Dirhams (AED). Salaries provided are exclusive of any bonus, guaranteed or otherwise. 

Please click here to view the full salary guide for this sector.

Viacheslav Shakhov By Viacheslav Shakhov

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