Bad PM
Hi, trying to get some advice here. I work at a big macro/quant hedge fund in a pod with senior PM and a couple of PMs under him (everyone with a book).
I work under a PM who is at first experience in the buy side and just ignorant/not good at making money. This is my first job after college and this is impacting majorly my career and learning. I think one of the other PMs could take me if he were to be fired, but I’m not sure if I can move while he is still here (would be weird probably).
Is my only option to leave? It’s very difficult and there are a bunch of interviews for other shops (1 YOE)
Based on the most helpful WSO content, navigating a situation with a bad PM can be tricky, especially early in your career. Here are some actionable insights:
Assess Internal Mobility: If you believe another PM in your fund could take you on, explore this option discreetly. Networking internally and demonstrating your value to other PMs could open doors. However, be cautious about office politics—moving within the same fund while your current PM is still there might create tension.
Evaluate Your Learning Curve: If your current PM is not providing valuable learning opportunities, it’s a significant red flag. Early in your career, gaining skills and exposure is critical. If you’re stagnating, it might be worth considering a move.
External Opportunities: With only 1 year of experience, breaking into another shop can be challenging but not impossible. Focus on:
Timing Your Exit: If you decide to leave, ensure you have another opportunity lined up before resigning. The hedge fund job market can be tough, and leaving without a plan could set you back.
Long-Term Perspective: Remember, many professionals face setbacks early in their careers. As noted in WSO threads, some ex-hedgies have found success in other roles or funds. Your current situation doesn’t define your entire career trajectory.
Ultimately, weigh the pros and cons of staying versus leaving. If internal mobility isn’t an option and your learning is severely hindered, seeking a better environment might be the best move.
Sources: Would you quit your Hedge fund gig if your boss has emotional mood swings?, The Hedge Fund Experience - Good, Bad, Ugly, https://www.wallstreetoasis.com/forum/hedge-fund/the-hedge-fund-experience-good-bad-ugly?customgpt=1, Feeling lost due to lack of guidance/support as a junior analyst, Dealing with PM (equities) who is trying to limit your progress
Yes. Leave. Sinking ships not worth staying. Unlikely to move internally unless your SPM is actually good at managing ppl, which is rare
u get the chance to replace him why would u wanna leave u doofus
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