Title Progression at Multi-Managers
Background: I am an employee at a SM fund in my third year, and prior to buyside I did 2 years of investment banking. I'm currently interviewing at a multi-manager fund, and they're offering an Associate position. They said the title progression path is Associate --> Analyst --> Sr. Analyst --> PM (no Sr. Associate title). They basically said that it would be 1-2 years as an Associate until being considered for an Analyst promotion. So in total across my two buyside firms, I would have been an Associate for 4-5 years minimum.
Is this amount of time as an Associate a red flag for my buyside career going forward? Is this timing (4-5 years as an Associate then Analyst promotion) consistent amongst the other multi-manager funds?
Not at all. Title doesn’t matter. It’s easily explainable that you were an associate at one fund and then joined as an associate at another fund for xyz reason.
People usually look at total years of sector experience more than what role you had. Now if you take a downgrade in roles that will def get some questions but otherwise I wouldn’t sweat it
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