Transition from Boutique to Tier 1 AM

I just started as a junior PM at an AM Boutique (mutual fund with ~5bn AuM). I am quite happy where I am at right now, but I was wondering about the chances of making the transition to a BB AM (Blackrock, Fidelity etc) in about 2 years from now and whether thats even possible coming from a smaller shop.

I am learning a lot currently, but working at a larger AM comes with other benefits.

So do they even hire people for investment roles from smaller shops?

567 WSO Academy Asset Management Session Reviews: 4.80/5

Rutgers University-Newark

Class of '18 Nov 2026 Cohort

5.00/5

Asset Management Career Roadmap (optional)

“The session gave me a clear plan for moving from back office to front office. I now have a concrete next step for finalizing my “why”: how my Corporate Actions experience sparked my interest in deal valuation. I’ll build that into my TMAY answers. I’ll run my resume through the Academy AI review, revise it, and then schedule the 30-minute Short Resume Review. After your feedback, I’ll collect additional mentor reviews, including from someone IB-focused, and tailor my wording for each target track. I also appreciated the advice to use my existing client and front-office contacts as warm leads, to network internally with front-office teams, and to stay flexible on firm and location.”

Class of '29 Sep 2026 Cohort

5.00/5

Asset Management Mock Interview

“Today’s session was amazing and incredibly useful. My mentor was a massive help with both networking and interview preparation, particularly for my ongoing HSBC programme application. He helped me understand how to approach networking more effectively and gave me valuable advice on preparing for the next stage of the recruitment process. I really appreciate the time and effort he puts into helping me, and I left the session feeling more confident and clear about my next steps. As always, he was very kind, approachable and easy to speak with, which made the whole experience even better.”

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The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.

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Transition from Boutique to Tier 1 AM

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Transition from Boutique to Tier 1 AM

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