macro/rates rv pod analyst to pm v.s. snt rates trader to pm
I was wondering with these two options, which one is more possible to become a pm in the future? Recently have got these two offers. Pay is more decent at the pod, but have heard most macro/rates pms come from trading background but analyst can hardly ever become a book runner.
Both are totally feasible to make PM.
I would argue that buyside analyst is better prep to become a PM than sell-side as you actually get to sit next to and watch a risk taker. However, that completely depends on your PM (both skill and mentoring).
However, a pod is not a great learning environment for someone straight out of school, especially for rates products (which tend to skew a bit older/more mature and more power law), so if you don’t totally love the PM you have the offer from, I would take the sell-side offer (assuming it’s a desk and bank you like).
yea that's what i was worrying - not sure if we can be trained to be a risk taker at the pod but at bank we essentially take risks ...
feel like at least on junior level it's more like a supportive role / write tools / do whatever they want us to do, so i didn't see the trajectory to manage a book (don't think they would give me book or small risks to take either)
pay is better at pod tho (at least for junior level) - should i not consider the pay but focus on the future trajectory?
Picking your first direct boss is the most important aspect starting this young. Every PM that made it always told me how awesome their first direct was. If that guy is in a fishing shack in malaysia, pick him and don't worry about clout/money this young. Focus on building the foundation and process.
To the extent that one can pick one's first PM, what do you think are qualities to look for in a good mentor PM? Would be interesting to know for graduates that enter a rotational program for instance.
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