Weighing job prospects as a launching pad for AM
Hey guys, I created a new account so as not to be identified.
I am considering moving to a large PE FOF and also moving into the FI team at my current OCIO firm (AUM>$30B).
I am in a generalist pool at the moment, however I have worked with both the PE and FI teams. If I was to stay and accept the promotion then I would be placed in the FI team. I generally enjoy what I'm doing, however I believe that my learning curve has plateaued substantially. I enjoy the quantitative nature of some the risk management and asset allocation aspects however I am not sure if manager selection and asset allocation is where I want to be in the long term.
Firstly, which opportunity do you think I should go for? I am planning on working another 2-3 years and going to a top 10 MBA. I'm from a target school with a solid GPA and have a 730GMAT.
Secondly, if I was to get into a top 10 MBA, would a stint in IB make me more attractive for an AM fund? So OCIO --> MBA --> IB --> AM. That is where I would like to end up. I'm considering the FI OCIO team and then transition to a FI AM fund, but I am not sure the skills (other than asset allocation roles) really line up.
Thanks for the insight!
Edit: I should also note that I am sitting for the level III CFA in June.
What is it exactly you want to do? Are you looking to do credit research/PM, or sales/relationship management? What kind of AM firm are you talking about? The Fidelity's and PIMCO's of the world, or the credit hedge funds of the world?
I'm assuming that the FI team at an OCIO essentially does hire/fire of managers as opposed to day to day trading, portfolio management or research?
Depending on what you really want out of your career, it may not be hard to just network given your OCIO role and see if interesting roles pop up from those guys, but if you want to do Credit Research or Hedge Fund it may be a different path. However, I think the most important part would be network - use your OCIO role now to get to know the firms you like, let them know when you're going to B School, and keep up to date w/ them as you progress. That's your best way in.
Might be able to give you more accurate input after you clarify what you're trying to do.
What is it exactly you want to do? Are you looking to do credit research/PM, or sales/relationship management? What kind of AM firm are you talking about? The Fidelity's and PIMCO's of the world, or the credit hedge funds of the world?
I'm assuming that the FI team at an OCIO essentially does hire/fire of managers as opposed to day to day trading, portfolio management or research?
Depending on what you really want out of your career, it may not be hard to just network given your OCIO role and see if interesting roles pop up from those guys, but if you want to do Credit Research or Hedge Fund it may be a different path. However, I think the most important part would be network - use your OCIO role now to get to know the firms you like, let them know when you're going to B School, and keep up to date w/ them as you progress. That's your best way in.
Might be able to give you more accurate input after you clarify what you're trying to do.
@saxxyman, thanks for for input! I'd prefer to go down the credit research/PM path rather than sales/relationship management. Additionally, I'd rather work for a Fidelity type ship rather than a credit hedge fund. You're pretty much right about the FI team set up. We mostly do hire/fire managers, but we do limited amounts of trading, portfolio management and research. The bulk of the work revolves around manager selection but for passive strategies we take care of that in house.
I think that you point this out, but due to my desire to do Credit Research, I feel as though I have limited transferable skills. I guess the best bet will be to network extensively (since I do have day to day interaction with lots and lots of shops) and then go to b-school and effectively "reset" the path that I'm on. Appreciate it!
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