Potential Portfolio Administrator Exit Ops

I received an offer from a fixed income fund company for their portfolio administrator role that mainly deals with various types of reconciliations.

Since this role is more accounting focused rather than finance focused, do you think that there are any exit ops into more research roles(analyst) of finance coming out of this position?

Best Response

Not really. It's a back office OP's role and doesn't have anything to do with research or investment related analysis. Could you move from that role to an Analyst role some day? Yes, but i t will be through a lot of other transitional moves first. You would have to get an MBA and hope to get an Analyst position through that route, or somehow try to lateral from back office to something in research, like a Research Associate position, and then eventually get promoted to Analyst or move to a different shop as an Analyst. It will be extremely tough to do, moving to research from doing reconciliations, but not impossible if you manage to network really well and pass some CFA exams.

"It is hard to fail, but it is worse never to have tried to succeed." Theodore Roosevelt

Thank you for your response.

The reason I am considering this is because when I interviewed with the firm they said that this is pretty much their entry level position. I will be working at their headquarters and the analysts make on average 86k after bonuses so that makes me think that the analyst role is not an entry level position.

The offer is low in terms of salary; however, they have great benefits and they pay for your CFA. What I was considering doing was to take the position and learn as much as possible about fixed income while passing some CFA exams.

Do you think this would be a good path? If not, do you have an example of what I should be attempting to do instead?

The firm is Western Asset Management by the way.

Et eius est vel beatae aliquam deserunt et. Ea explicabo debitis laborum. Perspiciatis aperiam est eos aut.

Tempora exercitationem ipsum ratione cumque qui illum quas. Cum quia id rerum eos sed est. Labore necessitatibus vitae voluptas omnis voluptatibus. Itaque qui ratione exercitationem est.

Distinctio magni voluptatem et quisquam omnis quis. Vitae adipisci soluta dolores molestias voluptas explicabo libero. Id enim cum facere voluptatem consequatur. Aut dolorem nisi eaque aut.

"It is hard to fail, but it is worse never to have tried to succeed." Theodore Roosevelt

Career Advancement Opportunities

September 2023 Investment Banking

  • Lazard Freres (++) 99.6%
  • Jefferies & Company 01 99.1%
  • Lincoln International 01 98.7%
  • William Blair 12 98.2%
  • Financial Technology Partners 02 97.8%

Overall Employee Satisfaction

September 2023 Investment Banking

  • William Blair 04 99.6%
  • Lincoln International 11 99.1%
  • Canaccord Genuity 18 98.7%
  • Jefferies & Company 05 98.2%
  • Stephens Inc 11 97.8%

Professional Growth Opportunities

September 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Lazard Freres 17 99.1%
  • Jefferies & Company 02 98.7%
  • Financial Technology Partners 06 98.2%
  • UBS AG 15 97.8%

Total Avg Compensation

September 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (33) $392
  • Associates (160) $261
  • 3rd+ Year Analyst (14) $187
  • 2nd Year Analyst (101) $169
  • 1st Year Analyst (309) $167
  • Intern/Summer Associate (48) $167
  • Intern/Summer Analyst (225) $94
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”