Most asset managers operating under hybrid work model: survey

By Mark Burgess | September 13, 2022 | Last updated on November 9, 2023
1 min read
Diverse Executive Team Meeting in Office Reception Room

Roughly one in five Canadian asset management firms have adopted a fully remote work model, while most firms are requiring employees to spend a portion of every week in the office, an industry survey says.

The Portfolio Management Association of Canada (PMAC) surveyed its 300 member firms to get a broad view of how asset managers are working more than two-and-a-half years into the Covid-19 pandemic.

The survey comes as many large firms on Wall Street take a tougher stance regarding workers returning to the office.

PMAC found that as of Sept. 1, 19% of asset managers are allowing employees to work remotely full time. At the other end of the spectrum, 15% of firms are requiring employees to be in the office five days a week.

Most firms landed somewhere in the middle. The most common arrangement was for employees to spend three days per week in the office (26%), while some firms demanded slightly more (11% are at four days per week) or less (14% for two days and 8% for one day).

The average number of days worked in the office didn’t vary much across the four provinces where most asset management firms are based: from 2.3 days in Ontario to 2.7 in Quebec, with Alberta and B.C. falling in between.

Mark Burgess headshot

Mark Burgess

Mark was the managing editor of from 2017 to 2024.