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?
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?
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 1d |
| +19 | AI/job update | 5 | 1d |
| +18 | Want out - next steps | 2 | 16h |
| +13 | Fund 1 8%, fund 2 5%, when will fund implode? | 6 | 15h |
| +9 | CorpDev -> HF? | 1 | 4h |
| +3 | Dragoneer | 1 | 2d |
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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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