Help me get past this conundrum WM vs AM vs HF
So I'm from the bronx and went to a public school (CUNY). Not that many recruiters came to the public schools and I wasn't able to build the kind of network that would be helpful to secure a summer program either (I tried but didn't work out). The dream was to get to IB and then into a HF. Long story short, I found my way into a HF (West Coast) but it was just in investor services. The experience was great and I learned a lot about the industry, albeit from a different angle. 1.5 yrs later, I got laid off (along with about 60 people). so I'm currently enrolled in a 6 month FinTech bootcamp (python for finance, blockchain etc)
I am now interviewing for three positions (still in the W. Coast). The thing is, I still want to find my way into the investing side and I am hoping to get some advice here on which route would be best from the below positions I am interviewing for..
Position 1
Investment Specialist at a wealth management firm.
Job Description:
- monitors/reviews client portfolios and maintain balance across asset classes.
- Makes portfolio recommendations when out of tolerance with models/as necessary. Reviewing daily cash positions, margin activity, new cash flow activity (inbound/outbound), and regular portfolio review.
- Places trades through a custodial trading platform, under CIO's direction. Regularly audits/reviews trades for accuracy / cost basis implications.
- Compiles cost basis calculations.
- Assists in managing all firm data integrity. Works across teams to monitor data input and output. Runs regular audit reports and assists with data clean-up as appropriate.
- Works closely with Advisors, provide in-depth investment analysis of prospective client portfolios, communicate ongoing portfolio management of client portfolios.
- Assists with portfolio research to refine and focus portfolio construction and implementation.
- Create / compile reports used in monitoring of portfolio management operations.
Position 2
Associate Fixed Income Analyst Investment Grade Research at a very large asset management firm
Fairly straight forward but among the responsibilities are
- relative value analysis for securities
- performing financial modeling of security/company/industry information and assumptions.
Position 3
Investor Services Associate a relative value strategy HF
This one is basically the same thing as my previous role, although it is a level up to an associate. Back in the previous job, I was networking and trying to improve my technical skills etc hoping to eventually transition to the investment side or at least to a risk management role. That was why I had enrolled in the FinTech Bootcamp (Management was supportive and company even paid for the program). Although I had the advantage of being in the inside, the transition to the investment side looked like an uphill battle back then. If I end up taking this position, I will be in the same situation but at least I will continue to build my network while getting more experience and the salary isn't too bad for my short term needs.
Interview for all three and see where you get offers. The fixed income position is probably more closely related to what you’re looking for, unless you want to be strictly in equities.
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