Is there such a thing as getting a risk taking seat too early?
My plan was to take another year or two in my current role in sell side quant to really learn public markets and related modeling techniques, but I have recently had a buy side FO offer come up. I am well aware that I do not know all there is to know from the quant perspective, yet simultaneously I am aware of inefficiencies that are monetizable with my current knowledge on a discretionary/"quantamental" basis which to an extent explains the opportunity. As such, I would wonder if one is given sufficient leash as a junior in a risk taking roll to develop or if it would be wise for me to stick to my plan and focus on learning for a few years before making a move? I balance this also with wanting to make sure that I do not plateau in my current role, and have people look at me as an IT/Data/Quant guy only.
Yes, but it depends on your setup.
Are they expecting to you contribute PnL day 1 or is there a ramp?
Yeah, it depends is the right answer I suppose. MM shop with small teams-- desks of 1-2 people. I would be paired with someone senior but would also have a small book to work with in the low 8 figures almost immediately. Conditional on performance, AUM more or less doubles YoY from there until you hit the top end of what they allocate to a manager.
yeah, not a satisfying answer but depends entirely on how much time they're going to invest in training you and when they want you to take your own shots / contribute pnl
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