Just out curiosity what’s the fastest you’ve seen/heard of someone being promoted from an Analyst to a PM at large MM’s?
I know some (most) people never make it whether that’s by choice or skill. Also what’s the average promotion timeline to these seats?
| +44 | Do Quantamental roles really exist? | 20 | 12h |
| +18 | Worth Joining a Small Hedge Fund? | 13 | 21h |
| +16 | L/S Equity Career London | 10 | 1d |
| +15 | Average single manager slope | 5 | 5d |
| +11 | Hedge Fund (Fundamental Long Short Equity) Compensation in Singapore Hong Kong | 3 | 19h |
| +9 | Nvm | 5 | 20h |
| +8 | Yes, this question again… | 3 | 1d |
| +5 | X | 6 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
Fastest I know - 3 years from undergrad at non-big name MM (started as analyst). 5 yrs if you subset for the most "name brand" funds. Imagine it's slower on the L/S side of the world than the more derivatives/trading oriented roles at MMs. Many 5-7 YOE sell-side guys come in to run small books (myself included) and are PMs running 100-300mm books to start. Big difference in that seat vs 2.5bn at Citadel.
The speed doesn't matter, the skills/experiences you build far more relevant. The first person I mentioned (3yr) blew up after two years and left the industry. Would rather have a long career than be put in the seat too early.
Wise words.
I corroborate this. In Big 4 fastest I’ve seen is 5-6 years of overall buyside experience (public market facing so excludes PE or VC experience).
the "small books" you reference are the "100-300mm books"? surprised to hear that sell-side guys with no buyside / portfolio management experience can just parachute into running 100-300mm day 1.
Sapiente qui facilis quia eum quia. Omnis impedit blanditiis porro asperiores. Consequuntur doloremque provident voluptatem magnam. Qui cum dolor itaque fugit laborum sed voluptatum. Architecto libero blanditiis assumenda quos qui saepe et.
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...