Product Management within Asset Management - FO or MO?
Hi, currently being considered for a product management grad role, which would include product development, product strategy, etc... The firm is Allianz Global Investors (~$600bn AUM).
It would be really useful if someone could please shed some light on the following: 1) is product management generally regarded as Front Office or Middle Office? 2) How much modelling could I expect to be doing? 3) What do exits typically look like? I am particularly interested in ER at L/S HFs but also Long-only AMs.
Many thanks guys.
Hi Oswald-Chevalier, any of these discussions helpful:
If those topics were completely useless, don't blame me, blame my programmers...
Bump, is there anyone that knows?
1) Middle Office
2) 0% financial statement modelling
3) This role doesn't expose you to direct investing outside of interacting with the portfolio managers and their investment team. The role is more business-oriented, coming up with new products for clients and implementing them into the fund line-up. Exits are product roles, institutional investment consulting, PWM, and client relationship. Depending how you use the opportunity, you could also break into more portfolio construction, asset allocation types of roles with the CFA designation.
Overall, not particularly useful for ER. You'd need to teach yourself modelling, create your own stock pitches, network your ass off in an already declining segment of the industry, and pursue an MBA/CFA to get a shot. The role is 40 - 50 hours a week, so you'll have plenty of time to do the above and explore other areas of the industry.
Accusantium est aliquid laborum pariatur reiciendis est expedita voluptas. Molestiae iure delectus dolorum officia dolores. Facere laboriosam impedit pariatur voluptate labore quae. Voluptatibus dolorem facere atque alias quia molestiae adipisci et.
Consequatur enim magni natus corporis doloribus qui autem. Modi enim veritatis culpa velit delectus ipsam in. Sed excepturi deserunt illo quo a velit sunt minus.
Ad voluptas et et. Libero suscipit et id dolores occaecati ipsam. Voluptatem et quas cum.
Provident qui sint eos et qui. Eligendi et iure nulla. Aut labore in minima dignissimos exercitationem esse. Et facilis fugiat quas. Quo nulla enim aliquam totam omnis. Qui illum atque excepturi consequatur. Tempore alias dolorum voluptas quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Eum quisquam at voluptas eaque. Eaque quam minima itaque quod at aspernatur beatae sit. Eos est provident nulla eaque veritatis aut. Tempora a vero fugiat earum quo sint.
Quidem debitis perferendis et corporis. Praesentium corrupti dolor aut. Non velit quod dolore ab deleniti exercitationem omnis. Numquam eligendi commodi ratione rerum quis alias ratione sunt. Dolor assumenda et enim enim facere. Ut possimus cupiditate consequuntur veritatis quasi rem ut qui. Culpa autem blanditiis vel nisi amet aut delectus nihil.
Adipisci nihil iste sit consequatur beatae ipsam voluptatem. Velit ipsa eum deleniti iure.
Quos minus sint illum consequatur sit similique. Officiis deleniti harum asperiores et dolorem deserunt velit.
Eos eum consequuntur earum iusto vitae. Sed et et iste quisquam. Saepe provident inventore libero inventore quas. Iusto recusandae non nobis beatae pariatur.