I currently work at an AM that isn't a very recognizable name in the space, but has a very strong name for elite IB (Evercore, Lazard, etc.). I'm interested in learning some of the exit opps for AM besides other AM shops and hedge funds.
My minor worry here is that I'm not in an entirely investing role (analytics/product development), and while I'm happy with both the culture, location, and team, my impression of the AM space is mobility is far more restricted than IB, consulting, or other fields. I'm also not really developing here - the job doesn't require complex modeling or other technical skills besides some Excel and VBA.
There have been threads on this before, but they seem to have a focus on hopping between AM shops as opposed to changing roles. I just want to know if I'm pigeonholing myself and if mobility from AM to other areas of finance is common.
Do you have any contact with the IB's that cover your firm? They could help.
Interested in the same topic.
What are you trying to achieve in your career? What is the future career path of your current role? Any more details on the current role?
From a Consulting/IB background your general exit opps are PE/VC/AM/HF/Corp Fin/MBA... If you want to a career that uses a lot of technical skills, your options are to do IB now, get MBA, or try and lateral into a more technical role within the company (probably easier said than done but you're part of a boutique IB and the toughest part is getting your foot in the door...). However I'd argue that if you like everything there and potential career path if you stay have some real upside (I'm assuming this is not back office), why leave?
Hard to say definitively without a better idea of what you want and what you currently do.
Ideally I'd like to move to a more research-based role, but my current role is pretty cushy. There is a direct path to VP within 8-10 years, all within the same division (analytics/product strategy). Essentially, my role is to provide metrics on current products/individual accounts (attribution, etc.) as well as new product rollout (share classes, etc.)
The hiring environment isn't that great right now (more like a firing environment), so I'm content to stay put. There's very little to complain about my role (NYC, name, good hours).
I was just interested in hearing of non-traditional exit opps from AM. I'd love to pursue a field like venture capital (not necessary PE), but it seems like that's quite a stretch without an elite IB pedigree.
you could try project finance as a freelance consultant on the side, if you end up liking this type of work and are sure that you can earn enough, then gradually move onto it full time, that is, if you want to test modelling skills and/or develop customized solutions for small startups.... because when you get into the details of developing simulations on excel for the operations or management systems on excel for a business, for example, that is when the skills are tested more than the daily processes of any org ever could:- http://edbodmer.wikispaces.com/+Home http://www.aif.nl/Faculty/Faculty-details.aspx?TID=8 http://www.business-spreadsheets.com/solutions.asp?cat=3 http://production-scheduling.com/ https://www.me.utexas.edu/~jensen/ORMM/excel/index.html - academic but a very good learning source for practical work
you could also try to keep doing both, your day job and the freelance consulting but it would make the hours very tough to manage
Thanks for the links, very useful.
Leaving asset management - Where to next? (Originally Posted: 12/28/2011)
So after 4 years as a research analyst at a Asset Management firm, I think its time for me to look at other career paths. Was lucky enough to land this job straight out of undergrad, so not really sure where to jump to next. I looking more into corp development since it has the qualities I like about my current job (learn about different business, decide if they are a good inv + financial analysis). Is there any other fields I should look into that plays into my skill set( I do both equity and high yield inv) and has similar job qualities as the buy side (minus market volatility). Thanks
I would think about MBA + biz dev at a F500. Pretty cushy job, pays reasonably well, decent exit opps from that (you can get back into financial services later if you change your mind). Another alternative would be investor relations, though that would not be my preference.
I think a lot of the dev groups look for IB experience (or an MBA). That's just what I've heard around here, there's obviously a million ways to get in, but I think those two are the most well-worn paths. Check out harvardgrad08's thread in The Other Road forum, it's got a ton of exceptional information on what your life would be like doing corpdev.
They do usually prefer banking experience, but if you have good coverage of the relevant industry it's not impossible coming from ER. You're not going to be the senior person, obviously, so having transactional experience isn't necessarily a pre-req. I come from ER and have interviewed with corp dev teams before. The MBA route is a better bet though.
AM Exit options (Originally Posted: 05/08/2008)
I am a first year associate at a big European AM (one of the top 3). During the past year I have been a top performer, so I am starting to wonder about my future once I have some work experience, mostly as one of the senior people told me that AM salaries are at the low end of the financial world at this stage (the first couple of years). According to my line manager, I would be looking to become a portfolio manager within 3-4 years if my performance continues as it is. So, I have a few questions: -Which field pays better, asset management or private banking? -Is it possible to go from a buy-side research role into trading?
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