Looking (discretely) for a FT in AM
Edited:
Thanks everybody for the answers.
I might be paranoiac, but I prefer to delete the original post to avoid any troubles in the future.
Thanks again!
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Just out of curiosity, why do you prefer ER over AM?
Sorry...vice versa...I'm drunk.
Well because I am more interested in investing (or at the analyst level contributing to find/analyse investment opportunities) rather than writing papers about a coverage. The work you do is similar but the perspective is different.
The other thing is that ER, as any sell-side job, is very client-focused and the marketing aspect of the job is critical. The thing is, it is not what attracts me the most and I have no certainty in my ability to be a good "salesman" in the long term. I have no certitude of being a good investor as well but I don't mind taking a shot at it.
Buy side is client focused too. Unless you work for a huge AM with a very strong distribution arm and decide you want to be a career analyst, you'll still be doing client meetings and marketing. Clients will come in and ask to speak with the lead PMs and analysts all the time.
With regard to applying for AM jobs, I don't think you need to tell them you received an offer from your ER job. The story is that you want to join AM and you don't want to indicate you had any hesitation to join AM. I agree with tds2006 - try until you have to decide but I wouldn't bank my future on it... consider yourself pretty fortunate to get a good ER gig already and don't forget that in most of finance your career will move in steps, and this step can't hurt your chances.
If you accepted your offer, stop recruiting. If you haven't accepted your offer yet, keep recruiting until your deadline, then make a decision.
Thank you for your answer guys.
I already accepted the offer on the spot BTW - which is what makes the situation dangerous (It was an exploding offer)
I think I will not apply anywhere in the end. I am already happy to have the opportunity I was given and I will not take risks by being too greedy. We'll see in a few years what is going to happen.
Thanks a lot!
Nowhere near as much as the sell side. No buy side analyst I know is taking client calls every day and constantly responding to client requests. I talk to clients 1-2 times a month, maximum, and that is generally during due diligence meetings where my time slot is limited to 30 minutes.
It will be the first thing they ask if your resume doesn't indicate it. Even if you don't mention your offer status, there is the risk that they will call someone they know at the SS firm and ask about you.
This is the correct answer. If you signed your offer don't actively recruit. If you decide to recruit anyways, be prepared to have your offer revoked if your firm finds out about it. If that's a risk you are willing to run, then it's really a personal decision.
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