Is it a common or likely career path for an investment analyst at a large endowment/foundation/pension to go the investment consulting route (Wilshire, Towers Watson, Russell, etc.) or to a large AM firm (Wellington, BlackRock, etc.)? I am curious what the typical exit ops would be...
Also, would this look good when applying to B school a few years down the road?
I work at a large AM firm, we most likely wouldn't hire directly from there. We hire undergrads and MBAs for the most part, sometimes an occasional sell side analyst.
I bet it looks decent on a b-school app but I'm not an adcom, going to business school is your best and most direct way to a large asset manager.
Depends on the experience. Are you a fund of funds structure... or do you actually do the investment analysis inhouse? What sort of work are you doing?
If you're doing the same work as other buyside analysts, I'd think you'd have solid exits into asset managers, maybe not necessarily BlackRock/wellington but a decent shop.
It is all In-house research. Some fund of fund, the rest indexing, and some large cap EMs (in less developed markets a few companies basically make up the index)...
I'm not sure FoF and indexing count as investment research. Whether you can make the jump will be up to you to develop theses in your spare time and spin your experience.
It shouldn't be too hard to break into the investment consulting (Mercer, Tower Watson, etc.).
Do investment analysts typically do fund of fund work or actually pick the holdings?
That is great advice. Does this happen often?
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