I was fortunate enough to be invited back for a third interview with a money manager. The firm interviewed me for two roles
PWM/client advisory services for high net worth ($50 million plus)
ops for the institutional asset management side
in the words of one of the interviewers, I will likely become bored pretty quickly in the ops role but it may be a good stepping stone to where i want to go (trading/pm type role). on the other hand, he said the pwm work with these high net worth clients will be interesting, as the team makes investment decisions and portfolio allocation decisions as well as deal with large purchases (airplane, cars, houses)
What do you all think is a better choice? At the end of the day, it is, of course up to them. However, I think I can help influence the decision (if they give me an offer at all) by showing strong interest in one over the other in the third interview.
firm is ~5Bn AUM and growing ~35 employees and growing
also, seems like lots of movement in firm (in both ops and pwm side). for example, someone from ops recently went into trading bc of understaffed trading desk.
Both good choices. People on the board (esp. 19-21 year olds) will tell you Ops is death which is partly true at places scrambling to fill them like UBS/Citi but I would say it is a really great opportunity at the moment and especially at reputable firms like GS/MS and it seems like at this firm since you can move quite easily. The industry is changing so just pick what you would like. I personally would take #2.
2 sounds like a better bet for you since the ops to trading route has been done before. However 1 seems more interesting to me. You get to see all the cool shit rich people do. It should be a good motivator to work hard as well.
Thanks for your replies. I do agree that 2 is probably better in the long run but, as one of the interviewers said, I will be bored. I had one horrible ops experience in the past and just hope it doesn't turn out like that if I get that position.
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