To win the fight for diverse talent, money managers are offering bigger pay packages.
Asset management professionals are in high demand in general, and the race to hire diverse candidates in particular is heating up. Asset managers are offering more competitive pay packages, making counter offers that boost diverse candidates' total compensation by around 15 percent, in some instances — and sometimes even higher, recruiters told Insider.
Sasha Jensen, founder and CEO of Jensen Partners, told Insider in an email that over the last two quarters, her recruiting firm has"regularly observed bidding wars for asset management professionals from underrepresented groups." While the war for talent is fierce across asset management, Jensen said she is mostly seeing counter offers just for diverse candidates. These pay packages can boost pay as high as 20 percent or 30 percent.
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