Upward mobility at an MM HF?
How does one make the jump from a pod analyst to portfolio manager at a MM HF? How many years does it take on average?
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git gud
It is about as meritocratic as it gets. If you are producing at a high level, you have leverage to negotiate reasonable things.
It depends on how good you are
At most shops you have to leave for a different firm or wait for your PM to leave/get fired.
If you are a star analyst, the PM can definitely give you a sub-book to trade, but it's unlikely the fund will promote you to PM because it would be seen as screwing your current PM.
Why does Point72 have a statistic like more than half of their PMs were analysts? Did all the former PMs leave the firm?
Not true at a place like Citadel.
"At most shops"
how does it work at citadel?
There are many PMs that are internal promotes
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