Would you rather have a job that has no P&L risk, paid you $600k per year and could eventually be as high as $750k (but never higher) and is an extremely stable, 40-hour per week job (long-only) OR a job at a traditional HF where you work 80 hours a week but have chance to make $1MM+. Job security at the latter is non-existent
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This doesn't have to be an "either/or" situation -- I want a bit of both and it's actually easier to achieve than you think:
Join a middling fund with $500M AUM lead by a single PM that got lucky with tech momentum 3 years ago as an analyst with no PnL ownership.
Boom, 80hr+ work week, minimal job stability, and a rock solid ceiling on my earnings potential well below $1M.
Who says you can't have it all?
I wanted to have your option 1 so I decided to go work at a T1 LO.
It tends to be a very good seat for seniors.
However, at junior level (where I am) the pay gap with pods is just insane. I would recommend waiting to lateral there as analyst.
How much are you making? I have a friend at T1 LO RA program and he’s clearing $530k all in. That sound better than AVERAGE pod
In London, making ~150k£ TC. 3 YoE.
My friends at pods are more around 300/400k on average. This is astonishing.
(A) looks like the rational choice.
Does it not make sense to try out pod for as long as possible, if fail, go do HWS MBA then switch to LO as analyst? Or will LOs absolutely not believe you’d be a good fit because of yoe at a pod
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