Structuring vs Operations to become a Portfolio Manager

Hi guys!

I am a graduate with the CFA level 1 and one year experience as an assistant portfolio manager and my long term goal is to become a portfolio manager. Ideally, I would like to find another position as an assistant portfolio manager or as a portfolio analyst, but there are not much offers for those roles.

I currently have two job offers:

  • An off-cycle internship as a Junior Structurer in structured credit at a European bank (top 10) which is a very versatile role with a great component of financial and statistical analysis 
  • A permanent position at a small Hedge Fund in Trades Operations (with a much better compensation)

I am hesitating because trades operations experience is demanded in all the job descriptions for assistant portfolio manager / portfolio analyst roles, but in the other hand, the structurer role is pure front with a lot of analysis and the bank is more prestigious (in my opinion).

What do you think is the best move according to my long term goal?

Thank you very much!

1 Comments
 

Est voluptas rem repellendus sint dolorem. Repellat eos voluptatem unde architecto. Fuga voluptas perferendis adipisci sit iusto. Rerum omnis suscipit vel ab eos a quidem. Omnis sit non aliquam laboriosam officia suscipit dolore. Ipsum magni ad nostrum incidunt qui.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”