Pivoting into an investment team role
Execution trading has been my background for some time now and I’m starting to feel the plateau. Yes you can stay in this seat depending on the firm and make a good living but it’s a bit slow for me and I feel so disconnected from the buy side research process. I have plenty of experience across strategies from growth the value and across mkt caps in the equity space. Some hedge fund vehicles as well, options, otc etc…
I’m just at the point where everyone I know in a risk seat has done 2+2 and is now at a long/short equity strat, MM, or doing credit.
I love investing but trading other people’s orders is getting old. Should I do grad school and then go for associate in banking? I feel like going to school is not great given what I’m earning. I also can’t really decide what strategy I’d want to focus on.
For those of you that have pivoted, or have switched paths by way of post grad recruiting can you shed some light on. 1.) YOE, 2.) What you’re doing now, 3.) How you got there 4.) Any other feedback you deem valuable.
I do have a few things on the back burner: one activist fund as a trader, one hf (tech) trading role, interview with Blackrock PM team for multi asset, so things are decent but trading one execution role for the next doesn’t seem like a good choice either.
I pivoted to IB from S&T.
I was looking to get a job in investing but I found employers didn’t take me seriously. I think it’s because there are so many bankers, desk analysts and sell-side research associates applying, and they are a much safer pick.
I decided not to go to business school because it was expensive and I was old (low 30s).
I went big 4 -> MM.
It really worked out for me because I kept getting paid and I got where I wanted to go.
I had desk research associate and ER associate on my CV though so it was easier to convince big 4 that I could do the job. That may be harder with an execution trading job. Sorry to be negative just trying to provide realistic advice.
Sorry just trying to track. So you left sell side trading to IB, what teams at each? And then presumably you went to big four then a multi manager?
I went from sell side sales to big 4 advisory to middle market (MM) advisory (Lincoln / Canaccord / Alantra)
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