How is this Career Progression Possible?
How does this make any sense? Was AQR promoting/rapidly growing? Making a 2nd year analyst a PM seems ridiculous, no? Graduated Class of 2007.
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Career Resources
Based on the most helpful WSO content, rapid career progression, such as promoting a 2nd-year analyst to a PM role, is highly unusual and not the norm in the industry. Typically, the path to becoming a Portfolio Manager (PM) is long and requires significant experience, tenure, and demonstrated success in managing responsibilities and generating returns.
At firms like AQR, which operate with a structured and academically driven approach, promotions to PM roles are generally reserved for individuals with extensive experience and a proven track record. The industry standard often involves years of working as an analyst or researcher, building expertise, and gaining exposure to portfolio management responsibilities before being considered for a PM role.
If such a promotion occurred, it could be due to unique circumstances, such as exceptional performance, a specific skill set that aligns with the firm's needs, or rapid expansion within the firm creating opportunities for accelerated growth. However, this would be an outlier rather than a reflection of standard career progression at AQR or similar firms.
Sources: https://www.wallstreetoasis.com/forum/private-equity/why-i-left-pe-switched-to-the-public-markets?customgpt=1, Q&A: Managing Director at Large Global Asset Manager, How is AQR Doing? What are the long-term career prospects?, https://www.wallstreetoasis.com/forum/hedge-fund/quant-hedge-fund-career-progression?customgpt=1, Q&A: I’m a 2nd-year Associate in Corporate Banking with an online MBA
Bro this is like 20 years ago pre GFC
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