What career fits this description?
This is a sort of a two-parter but the first part is what career or role would fit this description:
A role where the overall objective is seeking an asset (alt's, equities via activist investing, etc) for direct investment and creating value by reducing inefficiencies, restructuring in general terms, and/or innovating. This also includes the occasional investment in intrinsically undervalued assets. Generally, the focus would be on one or a few assets at a time.
Is that just generally buy-side finance? or am I missing something here? Kind of a mix of equity research + corporate dev + consulting but your upside/compensation is directly tied to the outcome.
The second part is how would I position myself for such a role in the longer term. I'm currently an advisor at a mega-cap asset manager and I'm working towards CFA and CAIA. I'm fairly new to this side of finance but I come from a startup background.
Location-wise, I'm in the US but long term I would want to end up in the MENA region. It does seem pretty dry there and the only real players are the SWF's. I could also be interested in moving to the UK as an in-between.
Any comments or thoughts are much appreciated, just brainstorming for goals here. I'm extremely thankful to have my current role but the description I mentioned interests me a lot more than tweaking asset mixes all day.
Based on the most helpful WSO content, the career that fits the description provided is likely a role in Private Equity or Activist Hedge Funds. These roles involve:
This is indeed a part of buy-side finance, but more specifically, it aligns with roles that have an active hand in managing and improving the operations of the investments they make.
To position yourself for such a role in the longer term, considering your background as an advisor at a mega-cap asset manager and your pursuit of CFA and CAIA certifications, you might consider the following steps:
Networking: Build relationships with professionals in the Private Equity and Activist Hedge Fund space. Networking can provide insights into the industry and open up opportunities.
Skill Development: Continue to develop your financial analysis and valuation skills, which are crucial in these roles. Your startup background could be valuable in understanding how to drive innovation and growth within portfolio companies.
Experience: Gain experience in investment analysis, due diligence, and deal execution. This could involve transitioning to roles within your current organization that are closer to the investment decision-making process or seeking opportunities with firms that have a more direct investment approach.
Geographical Research: For a move to the MENA region or the UK, research the market and the key players in those regions. Understand the landscape of Private Equity and Hedge Funds in those areas, and consider roles that could serve as a bridge, such as working with firms that have a strong presence or connections in those regions.
Cultural and Regional Understanding: Develop an understanding of the business culture and regulatory environment in the MENA region and the UK, which will be critical for a successful transition.
Language Skills: If not already proficient, consider learning relevant languages that could be beneficial in the MENA region.
Mentorship: Seek mentors who have experience in the regions you are interested in or in the specific roles you aspire to. They can provide guidance and potentially facilitate introductions.
Remember, transitioning to a new role and region takes time and strategic planning, but with your current trajectory and additional focus on the areas mentioned, you can position yourself well for the future.
Sources: To Those Who's Had A Successful Career In CRE, What Advice Do You Have For Younger Generations?, Fork in the road: Career path in Asset Management, Activist Value Investing: Be Your Own "Change" Agent, Career Advice: Acquisitions vs. Development, Private Equity vs. Venture Capital in 2018
The AI bot's gotten pretty good huh
not bad - working on making it better long run :)
Shoutout to you for that, people were losing their shit over the bot for whatever reason at the beginning but it seems like sentiment has really become more supportive. Keep fighting the good fight!
Thanks...it's still annoying sometimes but I think it's a net positive because it will not comment unless someone is not getting responded to...so I see a bot trained on the most helpful content from our archives as better than no response at all.
One thing I wish would change is if there ARE a lot of replies that it wouldn’t be the first comment in the thread.
hmm, is that frequent? I think it gives a good ~4hrs before it comments...but can check with devs
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