I'm at a big asset manager ($500Bn+) in buy-side research. I've received a few in-bounds from recruiters for the big multi-manager HFs (Citadel, Millenium, etc.). Is it a good idea to move to a big MM HF?
The upside in compensation is pretty appealing and I would probably get paid 2-3x what I get paid now. Promotions are also limited where I am. However, I'm not too enthusiastic about short-term investing or MM HF culture (can get cut easily, sink or swim mentality, huge focus on results). I'm also seriously considering b-school now and might prefer to do that before going to a HF. I guess I'm leaning towards a "No" but maybe I'm missing something...
Hey Big_Muffin, I'm the WSO Monkey Bot...do any of these help:
I hope those threads give you a bit more insight.
I would stay put. The turnover at HFs that use pods is massive...if your pod has 1-2 bad years it's gone and this is not the type of market where you want to be looking for a job while unemployed.
Also, if you're thinking about applying to b-school in the fall it would also be better to stay put. Switching jobs right before applying would send mixed signals. It would also be enormously distracting during the application process.
Completely true. People don't realize what they have until it's gone. And once it's gone, it could be gone forever.
The tradeoff is basically what you described. Upside in comp is large at successful funds, volatility is high and job security low. If you aren’t comfortable with that it will be a very stressful environment. If you think you can succeed (and be on a team that can beat markets) you’ll make multiples of what you would make in AM. Like I said, it’s what you described.
Do you know how to code?
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