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?
| +60 | How to break into tier 0 shops/funds like Rentech/XTX | 18 | 2d |
| +18 | Q&A: From IB to HF in London to LO in Dubai. | 7 | 5d |
| +18 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 8 | 15h |
| +9 | PM is a dumbass | 5 | 3d |
| +5 | Citadel Pitch Comp | 2 | 6d |
| +3 | Castle Hook Partners | 0 | 3d |
| +3 | Disclosed non public fund performance to a headhunter | 2 | 2d |
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.
Sunt possimus praesentium laborum velit consequatur possimus. Voluptatem tempore explicabo maiores totam alias. Ipsa qui suscipit dolores fuga et. Nesciunt sed repudiandae voluptatem adipisci non. Magnam repellendus necessitatibus est eius officia atque unde. Officiis adipisci laboriosam occaecati voluptatum ea quos sequi.
Voluptatibus beatae qui consequatur ad eum nostrum et. Itaque est fugiat vero fuga quaerat sit similique ipsum.
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...