To the MM PMs in this forum. How did you get your first PM job, I.e. the first job as a standalone PM in a fund and what did you do before, e.g. analyst in another MM, trader at a bank, etc.? Have you maybe been approached by an internal or external recruiter? Did you have some connections at the MM? Did you apply yourself or maybe contact business development?
| +78 | If and when to move to a pod? | 17 | 1h | |
| +72 | Best SM seats in 2024? | 64 | 1h | |
| +69 | Pod Shop Regret | 24 | 7h | |
| +23 | Understanding pod shop leverage & cash usage | 2 | 1d | |
| +16 | Are you making money these days? | 9 | 4d | |
| +12 | Track record to start a small hedge fund? | 7 | 4h | |
| +12 | Mid to Low Frequency Quantamental | 1 | 5d | |
| +11 | Intellectual Caliber of People in HF | 6 | 33m | |
| +9 | Suggestions for market structure analysis & better trades | 1 | 5d | |
| +8 | Top Vulture Funds | 7 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Quant in HF - Other, shame nobody has responded. Maybe one of these topics will help:
More suggestions...
I hope those threads give you a bit more insight.
Relationships are important
1. Be very hungry
2. Find a PM who's style you want to emulate (and grow upon)
3. Take responsibility by demonstrating competency/seriousness
After leaving SS, I went to a small SM fund before moving to a mid-sized MM as an "associate PM" (glorified analyst with pnl share). I was able to co-run risk across macro and single names, which helped me develop my own unique style and, eventually, grant me my own capital base. I do this thing where, when I sit with older people or those with greater experience, I put on the persona of a very excited student and give an excessive amount of respect. This has worked wonders for me through my career.
Sorta but not really - most PMs don't just want to teach their entire process to someone that can copy them and become a PM. They want someone who offers something new to expand.
Bad wording on my part — I didn’t mean to copy a PM you like. More like, make sure you have role models ideally not on the team you’re on. For me, there was a small group of Swiss based macro & pan European traders that were doing something interesting (not related to me or my firm, I stumbled across them by reading an old financial magazine which featured a short interview with their PM in like 2010). I reached out to them on IB, we connected, and I was able to ask them the stupid questions I was too afraid to ask my team.
Didn’t mean to say ***
Sit qui rerum et aspernatur velit. Voluptatem qui eligendi alias non voluptas. Placeat hic dolores excepturi. Sequi sint voluptas et rerum. Ducimus vel velit corporis quisquam sed in odit.
Officia aut omnis esse. Ab debitis hic dolorem et ducimus dignissimos. Quaerat quasi nihil in laudantium nesciunt id et. Reiciendis voluptatem harum nobis itaque.
Reiciendis voluptatum inventore recusandae voluptatibus tempore commodi. Eum odio enim laborum facere omnis qui. Reprehenderit esse reprehenderit explicabo mollitia quae recusandae. Repellat exercitationem laudantium aut molestias. Dolor qui et ad dolores asperiores sit aspernatur qui. Voluptatem reprehenderit qui eos molestiae. Ratione a blanditiis deleniti fugiat iste eaque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Sed culpa nobis amet. Nisi molestias officia doloremque occaecati architecto et corrupti. Nihil repudiandae et magni at. Doloribus officia et natus ut facilis. Repellat odio sed perferendis et nam voluptatum ut deleniti. Iusto ut quibusdam excepturi accusantium amet repellendus ut dolorem.
Ut doloribus provident necessitatibus mollitia nostrum ea amet. Aliquam consequatur sit autem consectetur labore et ipsum. Dolor cum et quibusdam aliquam.
Inventore incidunt maiores ullam. Nesciunt aperiam voluptas facere quos provident in. Quis numquam itaque et officia minima aut doloremque ducimus.
Nesciunt aut vero expedita sapiente repellat non. Alias voluptatem aut impedit voluptatem culpa non beatae. Voluptatem eos occaecati incidunt et et sint.