Big 4 FS Audit to Portfolio Analyst
Considering that most opportunities in the market are internal audit, senior accountant, SEC Reporting, etc. would this be considered a decent move? Esp if it's a very reputable hedge fund?
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It's not possible to answer this question without knowing your ultimate goal. What would you like to be doing 5 years?
For what it's worth, I worked in audit previously. I'd advise you to get out asap.
What are the lateral options generally for portfolio analysts within hedge funds? It would be more of a middle office type of role, rather than the more traditional back office fund accountant.
how long were you in audit before you made the jump?
Not long. Never made it to senior.
you went straight from audit to PE or you went audit - IB - PE?
Depends on the firm, but generally lateral options within PE/HF are slim. The skills you learn in the middle/back office are not directly applicable to front office roles.
If you want to get into a front office role (which it sounds like you do), I'd advise you to either: 1) get an MBA from a top school or 2) try to transfer internally at PwC to FDD or val. Your best hope is to then get into IB as an analyst/associate and then make a move to the buyside. You also could jump directly to IB from audit (would most likely require a personal connection already in IB who is willing to pass your resume along, either within his own bank or at another bank that may have a hiring need)...I have a few friends who have done either val-->banking-->PE and audit-->banking--PE.
The chance of you getting a front office role by circumventing the above are slim but doable. I did none of the above, but I wouldn't recommend my path to anyone wishing get into PE/HF.
Would a jump from a middle office role to an IB Analyst role after about 2 years be realistic?
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