Can you make a career out of asset allocation?

Have read countless posts on WSO saying being at a FoF/LP role pigeonhole your career and put a ceiling on your earnings potential. Also it would be nearly impossible to exit to a direct investing role from them. Can you realistically make a career out of it if you actually enjoy the work? What are comps like mid and senior level at an FoF, endowment or pension fund? Is it possible to make over 200k a year?

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