Family Office Career Progression

Hi everyone, I'm considering taking an Investment Analyst position with a pretty interesting family office in London. I was just wondering what the opportunities to move into IB / AM look like? I'm aware people often move the other way for WLB reasons and I'm obviously not ignoring that aspect, I just want to have a better understanding of what is theoretically possible. Thanks a lot.

Comments (10)

Nov 30, 2021 - 9:19am

Agreed - I hadn't really thought about being the client at that most basic level. The exposure to the various asset classes is the big draw for me as a first role, it seems a brilliant opportunity to really get to grips with what I enjoy / am good at.

I guess my big question is about progression opportunities given that it seems most use a FO as an exit opportunity rather than a starting point, is that a fair assessment? I just want to be sure that the role is one that would be viewed positively if I wanted to move about within the financial services space. 

Nov 30, 2021 - 9:31am

I've not worked at one so I can't answer with any specificity. In general, FOs are not large organizations. Some bigger than others of course but nowhere near the size of an AM firm. Where you might suffer in structure, I think you gain a big advantage in opportunity to impact and shine. Probably easier to take on more responsibility quickly which will help you either within the firm or if you exit. Don't be so keen on an exit strategy. If you like the shop and there is upward mobility / opportunity , you may just want to stay. Also understand that, because it's an exit post for some, may be less room to move title but there's always opportunities to take on more work, get recognized and compensated. I don't think comp will be an issue long term.

Most Helpful
Dec 1, 2021 - 6:48pm

yes you get exposure to everything under the investible universe (or can get exposure to it) -- id argue it makes you a better investor. not stock picker, or bond trader, but investor. 

family offices tend to be smaller and less structured for sure, so you need to think about if you have the attitude and comfortability to do this. 

id stress you to not think about things in terms of exit opps. if you are happy in your firm, like your boss, like your team, like your work, and are learning, the rest should take care of itself and if it doesn't, if youre doing a good job, youll surely have exposure to other opportunities. its a small world. 

i personally would not leave my role for any other in the financial services space but to all their own. at the end of the day you get client exposure, youre underwriting managers and investments (as opposed to specific DD on securities usually)...its a valuable seat, you learn about taxes, estate planning, accounting and how investments fit within that universe. the market likes wealth management. its a stable, sticky, reoccuring revenue businesses. 

Dec 1, 2021 - 6:51pm

to specifically answer your question -- you can probably transition into an AM role. highly unlikely to go into IBD but idk why you wouldnt do that to yourself to begin with.

you could work at another family office, you could be a client portfolio manager (CPM) for an asset manager, you could be an investment strategist, you could be a private wealth management advisor/banker (at jpm PB or equiv); its all going to center around asset allocation and wealth management unless the family office does lots of investing in-house

Dec 1, 2021 - 7:04pm

thank you so much for all your insight! I completely get what you mean about not planning exits when you don't need to, I realise it's a pretty unnecessary thought process. It sounds like a fantastic opportunity I'm just surprised more people don't consider it!

  • VP in PE - LBOs
Dec 1, 2021 - 7:42pm

In aut pariatur similique. Assumenda quaerat sed libero sed quis rerum sint. Nisi sit dignissimos et similique ad magni. Non officiis consequatur debitis ut rerum.

Quia rem iusto deleniti occaecati voluptatem quam quae iure. Non aut odio possimus qui. Et nesciunt eaque illum animi.

Start Discussion

Career Advancement Opportunities

January 2022 Investment Banking

  • RBC Capital Markets (▲08) 99.5%
  • Jefferies & Company (▲05) 99.0%
  • Bank of America Merrill Lynch (▲02) 98.6%
  • Evercore (▽01) 98.1%
  • BMO Capital Markets (▲07) 97.6%

Overall Employee Satisfaction

January 2022 Investment Banking

  • Evercore (▲01) 99.5%
  • Robert W. Baird & Co. (▽01) 99.0%
  • Wells Fargo and Company (▲05) 98.6%
  • Rothschild (▲01) 98.1%
  • Jefferies & Company (▲09) 97.6%

Professional Growth Opportunities

January 2022 Investment Banking

  • RBC Capital Markets (▲10) 99.5%
  • Jefferies & Company (▲04) 99.0%
  • Wells Fargo and Company (▲07) 98.6%
  • Bank of America Merrill Lynch (▲04) 98.1%
  • Evercore (▽02) 97.6%

Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (7) $1,977
  • Vice President (24) $388
  • Associates (153) $243
  • 2nd Year Analyst (87) $156
  • 3rd+ Year Analyst (15) $150
  • Intern/Summer Associate (65) $144
  • 1st Year Analyst (297) $142
  • Intern/Summer Analyst (226) $90