MM PMs: How did you get your first PM job?
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?
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 ***
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