Alts product strategy
What are your guys thoughts on a role in product strategy at a large AM/alts shop. What might be the exit opps/prestige/comp/day to day look like?
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It's a hot spot and will be for the foreseeable future as banks tighten up their credit and massive amounts of capital (trillions) needs to be refinanced. Same thing happened after the GFC when the only place a medium to small business could get capital was via alt direct lending. Most of the major LO AM are aggressively building their capabilities.
Not sure about exits but also not sure you would want to. This is/will be a real money maker for those involved for a long time. None of the fee compression you see in funds and EFTs.
Thanks! How do you feel about a role in product strategy particularly?
I'm sure it depends on the shop. The ones I know I think are really interesting. Essentially you become an expert on a strategy. Kind of a proxy for a investor. Participate in lots of client interaction as the expert. Good combination of technical and sales. Work closely with both PMs and Sales.
Any idea about compensation ranges for these types of roles (at VP and above) with large asset managers?
I've heard that places like PIMCO can pay very well.
Sit varies by shop and location but PIMCO does pay well. Their path is Analyst, Associate, Senior Associate, Strategist, VP, SVP, EVP.
I would go to Glassdoor and look at ranges. VPs are all making above 250k. At SVP and EVP, it gets pretty interesting (mid to high 6 figures). I know a kid who is 3 yrs in (from UG) and on the strat team. Will likely make 150k-175k. I think he's a Senior Assoc.
Bump what type of skills are needed for product strategy?
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