Mid 40s here. Spent my first 10 years at the Fed, international division.
Then quit. Passed CFA 1. Ran a toy fund with 80% return for a year, but that was a macro call, they don't come every year. Spent a couple of years teaching at univ.
Anyway, would love to go to the buyside. I sometimes see economist jobs, mentionning central banks etc. Never heard back.
I presume I am about 12 years late. Any thoughts? My career has been super diverse. I cover 180 degrees of all things macro and finance, except for quant stuff.
Move on? Returning is so hard.
You’re probably aware of this already, but it sounds like you have a good background for those CIO/Macro Head roles at allocators/OCIO/family offices. Not quite traditional buyside but pretty solid pay at the higher levels and fantastic WLB from what I’ve gathered
You say you want to go to the buyside but you don't outline specifically what you want to do. You've applied for economist roles but do you want to stay in economics if you get one? I can empathize with the age factor, just got rejected to a number of places outside of finance I was interested in.
I would love to do macro analysis, rates, get involved in the big picture, sentiment, as well as macro modeling as needed. But not a quant. I would stay in econ if they want me to. I just prefer the buy side as less bureaucratic and would rather be judged on the results.
FYI. I am new to this site, and I appreciate this immediate opportunity to get insiders' thoughts. Pretty cool.
I have similar questions. Trying to get into Trading at 40 after 15 years or so of doing private investments and managing businesses.
Had a meeting with some guys in NY this week and was advised to get the CFA 1, and approach Family Offices and small hedge funds for an Operational/COO type role. From there, it's possible to monkey branch into trading.
But yeah, getting a trading job at any legit hedge fund or IB at 40+ is very hard. You've gotta approach it from a unique angle and get your foot in the door in a non-trading role. This was the advice I got from 4 guys in the business, just 2 days ago.
by the way, feel free to DM me if you want to get on a call and share notes. I think we are trying to do something similar.
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