Asset management firms are casting their recruitment nets into new waters when it comes to hiring analysis staff.

Petra Rickmeyer, practice director for global financial services recruitment at search firm Hoggett Bowers, says asset managers are increasingly prepared to hire analysts with strategy consulting or industry backgrounds.

“Funds are looking to widen their talent pool,” says Rickmeyer. “People with between four and eight years strategy consulting or industry experience are now seen as appealing. It wasn’t the case a few years ago.”

As is the case with most financial services jobs, the move can be distinctly lucrative. While partners at strategy consulting firms can pull in hefty pay packets, those lower down the ladder are less liberally rewarded. Mid-ranking consultants moving into asset management can apparently triple their earning potential.