Lateral as analyst or wait for PM seat?
Alright monkeys, I could use some advice.
I’ve spent the last several years (over 6) working as an analyst for an industry-specific fund strategy and I’m getting a bit… bored. The culture and the pay are great but I’m interested in broadening my investment horizons and I don’t wish to retire in my current industry. However I’m on track to get a PM seat in the not-too-distant future (potentially less than 12mo).
So the question is, should I lateral to another fund and gain experience in a different industry (or two), or should I wait for the PM seat and then try to lateral to a generalist strategy? I would prefer to take the later route and grab the PM job sooner but I’m guessing it’s more difficult to lateral at that level. Any and all thoughts are appreciated, thanks in advance for responses.
If you want to gain experience covering a different industry then move firms but be prepared to take a step back. The idea that you'll make PM and then lateral somewhere else to become a generalist PM is unrealistic. In fact, PM to PM lateral is rarely unless you have an established (5+ year) track record in an asset class in demand.
Makes sense, thanks for the help
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