Move from LO to MM for an early career associate
Hi everyone,
I am a post-undergraduate research associate at one of the top LOs. The program was advertised heavily as an excellent opportunity to grow as an investor; however, it is not living up to the marketing it got. I feel like I am not developing any meaningful skills and am receiving little to no mentorship from the investment group. The work I am doing is meh(first-year summer internship vibes). I recently got an offer from one of the MMs to join their early associate program. The program is new but seems to be well structured and a good way to develop as an investor.
I know LOs are supposed to be the holy grail, and I should be eternally grateful to be graced with the opportunity to be even allowed to set foot there ( :) ); however, how would you think about the move from LO to MM in my case? Should I just keep my head down and wait for the work to get more meaningful, allowing me to develop my investing skills?
Sorry for the long post! Would appreciate any insights.
Hi jasp88, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
bump
Went from sellside to a boutique LO (>$20bn AUM), and have had the same feelings as you. I think I'm just going to wait it out. Would much rather ramp up more slowly vs. rip a MM gig and potentially be out of a job in a year or two. Feel you can generally move to MM pretty easily in first 3 years– I'd say wait at least 2-3 years.
When you say sellside, do you mean ER or IB or something else? How’d you prepare to make the jump to LO? Networking, pitches?
ER. A headhunter reached out to me and that's it really I didn't network for it
Honestly - you're young and you can take more risk so I would jump and cut your teeth at the MM. You'll learn more about good modelling and learn faster at a MM. If you burn out you can just apply for a MBA program.
What do MBA programs think about MM HFs? Obviously not a well regarded as PE, but is H/S/W in reach?
Which LO? Guessing Fido
possibly
He would have his own coverage of 10-20 names even as a first year undergrad research associate at fidelity, unless he is actually in their rotational program.
10-20 names without any co coverage? small cap names? Actually great for development bc that’s good responsibility
bump
Consequatur necessitatibus sapiente architecto ducimus. Nemo molestiae ipsa tempore consequatur et dolorum. Laboriosam placeat nobis sit voluptatum.
Aliquam accusantium ut est omnis et dolorem. Qui dolor est exercitationem quisquam hic ut. Ut consectetur est delectus fugit ipsum non sapiente voluptatum.
Sed voluptatem illo harum. Hic tenetur sit magni et ex. Sit libero et accusantium molestiae et corporis quis aut. Ipsa amet et quis velit omnis soluta quas laudantium.
Tempora consequatur voluptatum aliquid cumque qui assumenda aspernatur cum. Omnis quis cupiditate consequatur illum. Aspernatur sapiente accusantium minima distinctio.
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...