Should my friend take this job offer?
My friend, fresh out of undergrad, is assessing whether to take a Portfolio Management Analyst role at Hall Capital Partners in SF--does anyone know about the exit opps / career path/ anything at all? Seems like they are well-respected:
http://www.institutionalinvestor.com/article/3455…
Is this an asset management or private wealth management firm?
From Glassdoor, starting pay seems to be a respectable 65k, and then 85k (not including bonus) or so for associate (which I assume to be a couple years after).
My friend is concerned about his exit opportunities starting out at this place--should he be? He wants to eventually move to a bigger asset management firm such as Blackrock. Would this set him up and what career path would someone take with this as a first job? Would you want to get a CFA with this job? This is from the Analyst role description:
RESPONSIBILITIES OVERVIEW:
• Produce quarterly client reports that incorporate performance analysis, balance sheets, and cash flow statements
• Track and analyze performance data
• Assist in managing client transactions including stock sales, wire transfers, charitable gifts, and investment funding
• Communicate with tax advisors and investment managers to assist in gathering tax data
• Special projects, as needed, which can include recruiting, research liaison, systems processes and automation
I think it's a fund of funds. Also, I heard it's a bro culture.
madmoney15 Thx for your response. Can you elaborate on what you heard?
FoF with a sort of family-office structure (but they've got offices in a few places). You'd ideally want to get the CFA and try and move over to the research side at some point rather than stay in portfolio management.
Does your "friend" have other options? If not, you should take it.
He doesn't have any other option. He's just worried about his career path starting at this company. What would be a typical career path after this company. Assume he gets his CFA and then he moves over to the research side. After that, what can he do (maybe buy side , another Asset Management firm like BlackRock?)?
How prestigious is a resume gap and no experience?
^lol point taken. Can anyone still describe the career path though?
Also does anyone know the exit opps?
Elevator, stairs, emergency exit, fire escape, Depending on the building, roof or window might be an option.
Thx for your response. Does anyone else know?
It's amazing in this day and age that so many people don't have internet access and need a "friend" to ask questions for them on forums.
I know this company -- it has a very good reputation here on the West Coast. Katie Hall is a Stanford GSB alum, and has connections everywhere.
Their recruiting is pretty rigorous, so your "friend" should be pretty happy to have gotten the offer.
Many analysts go on to business school after a few years, perhaps after doing another gig too. If you are based in SF, particularly in that building, you will be around a lot of hot PE firms (Hellman and Friedman, Farallon, for example) and analysts to befriend. Also if you get tired of the finance biz, you can always jump on the startup bandwagon and parlay financial modeling skills into a bigger role -- something many analysts do after getting tired of excel spreadsheets.
Hahahah yeah okay. The financial modeling skills must be crazy at a fof. Also, back office people get to know people at Farallon and Francisco cap -- are they getting opportunities to interview there too? Mm probably not. Go to hall capital if you have nothing else or you're not willing to be patient to find something better.
Now there, is your friend cute?
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