Breaking into Asset Management from Investment Banking
*I already posted this in another thread, but figured I would start a discussion to get more help since I am really stuck at the moment
How realistic are my chances of breaking into AM?
I’d say I have a pretty non-traditional background. Grew up in Asia (think Southeast Asian countries like Indonesia/VN/Malaysia), studied abroad and got my degree in Australia, and then worked for 2 years in IB in my home country - advising mostly M&A in the region. After working in IB for a while, I figure it wasn't really a thing for me - I like investing and following the markets more. So I decided to pivot to AM.
I recently moved to the US, so I didn't have the chance to do local internships (which feels like a huge gatekeeper here, either you intern and get a return offer, or you're out). People also seem a bit conservative when they know I don't have direct US market experience.
Are there any realistic pathways that can get me into AM (without having to get a Masters)? I know it wouldn't be a straight line into AM given my background, but I would be more than happy to do related things to get into AM later on in my career.
Consider sell side ER as a potentially easier transition
What do you think the market for early-career ER right now (especially small shops)? I think I read somewhere people receiving hundreds of applications for a position which is nuts. Also any tips for networking if you don't have an alumni network? I feel like cold outreach is just a shot in the dark - some folks still reply but the % is not that high
All the markets are terrible.
I'm just telling you how to tactically spread your net.
For networking, no not really. In UK we don't care about that alumni shit but US people seem to idk.
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