14 Comments
 

Yes, have heard similar career regret sentiments from pals of mine who chose those roles at large AMs.

Mind you, these are some of the smartest guys I know, and even they feel like their talents are being wasted, are miserable, and have been working to get out of their career pigeonholes.

 

The Juniors who have worked at Yale and Harvard endowment have gone on to top tier hedge funds. It depends on if the endowment seniors want to help you achieve that as a long-term goal. You should just ask them or ask the Juniors if that's a reasonable outcome in 5 years. If Yale is invested in tiger global and they want tiger global to take an analyst... Tiger global will probably take the analyst.

 

Yes. It's about the fund keeping one of its important LPs happy. And presumably your seniors will not advocate for you if they don't think you will do a good job at a fund. You learn banking in banking, not investing. You can teach yourself modeling pretty easy given all the paid resources available today.

 

If it's really a top allocator/platform or endowment/sovereign, I would take the manager selection role.  If not, I would go down the the IB route.  French banks all about their Delta-1 and derivs desks.  Try to somehow get there.

 
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