I just started as a junior PM at an AM Boutique (mutual fund with ~5bn AuM). I am quite happy where I am at right now, but I was wondering about the chances of making the transition to a BB AM (Blackrock, Fidelity etc) in about 2 years from now and whether thats even possible coming from a smaller shop. I am learning a lot currently, but working at a larger AM comes with other benefits. So do they even hire people for investment roles from smaller shops?

Be careful what you ask for. At a startup boutique even smaller than yours I'd talk with the CEO virtually every day, and most of the time I'd even know what he had for lunch. At a middle-market firm, even as a key part of one of their target growth investment teams I'd be lucky to chat with the CEO once a quarter. This wasn't a low rent shop either.

Transition from Boutique to Tier 1 AM

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The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.

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Transition from Boutique to Tier 1 AM

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