Portfolio Manager Career Path
I am a high school student, and I will graduate in a little over a year. My college will be completely paid for, so I was planning on getting my MBA directly after my undergraduate, I was planning on a major in finance and a minor in economics. My question to you is, since I will be bee lining it to my MBA, hopefully with some internships, what would be the quickest/best way to become a portfolio manager?
Getting your MBA directly after undergrad is only possible at horrible schools and will give you virtually no more opportunities than just completing undergrad alone.
Second this. A friend of mine got her MBA straight out of undergraduate and is doing advising work as we speak.
Would getting CIMA certified help DickFuld ?
No pain no game.
A CFA probably would help at a lot of mutual fund companies. However, the opportunity set to be a PM at a mutual fund will likely be a lot smaller over 20 years from now (when OP will be in his forties) given the continued flight to indexing.
The first part of your comment isn't true - even MBA business schools">M7 schools often take at least 1-2 students straight out of UG
So, what is your conclusion? Should he/she strive to get the MBA right after college? Keep in mind he's in high school.
I second that an MBA direct out of undergrad will not give you a head start (cause I did it).
There are lots of paths to PM over a career. All of my PMs were either engineers, science, or history majors. Getting to the PM role is about delivering a constant stream of profitable investment ideas as an analyst, with a fair amount of luck that a role opens up.
Career path for Portfolio manager (Originally Posted: 03/12/2018)
So I want to become a portfolio manager, and I will be able to go to grad school to get my MBA right after college, I will try to get internships before then, buy my question is, if you go straight from high school, get a masters in finance, then get an MBA, what would be the quickest/best route to becoming a portfolio manager?
logan.d, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
No promises, but sometimes if we mention a user, they will share their wisdom: lib8023 @Central Banker" RedBarron
A PM in what (asset/class) strategy? Why do you want to get two Masters degrees? You need to clarify/expand upon your plan.
Our newest PM is coming out of Risk. The department is quant, and we'd prefer him in product instead of trading, and likely we'll be pulling him a lot for product work, but the title is the only way we were able to get him. He was widely considered one of the smartest people at our ~2k person shop. Aiming for PM is unrealistic out of school. (our highest paid PM makes roughly 5X what the CEO does, and the CEO was a PM)
Alright, if I should wait to get my MBA. What should I do? Start as an asset management analyst? Then move up the chain to associate then PM? And where should I get my MBA in there?
I know this is hard to understand at your age, but you will simply be choosing from your best set of alternatives at each point in time. There is no final destination.
This entire career you have mapped out in your head will not turn out the way you expect. The traditional PM will have largely gone the way of the Dodo bird by the time you hit mid career (where you reach peak earnings). Maybe that prediction will be wrong and maybe it won't, but something will take you on a different path than you expect now.
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Oh, I got this one:
Quickest way to become a portfolio: read tons of books (think 200+ books), make your firm tons of money by having a 3-5 year track record of alpha generation, you will be a PM in no time
HBS, GSB, CBS, Wharton won't help you that much in the classroom, they just give you an amazing brand and an awesome platform to meet people who can give you jobs ONLY IF YOU PROVE YOU CAN DO AN AMAZING JOB.
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