The work-in-asset-management-instead-of-banking meme is a tired and has been done before. New Financial, a London-based think tank released a whole report on asset management pay rising relative to banking in February. Goldman Sachs is said to be focusing on asset management as a means of offsetting falling revenues in fixed income. Still not convinced? Johnson Associates, the Wall Street pay consultancy, has just produced the following charts confirming the new reality: investment banking is out, asset management is in.