I'm in MF PE. How do I get to LO? (thru HF?)
I just finished my first year in MF PE as an analyst. I love long-term investing but I hate process work and I'm risk-averse, so I would like to end up at a top LO at some point.
10 years ago, the transition would be very clear: do my 4 years in PE, go to B-school, then recruit for LO analyst roles from there. However, MF PE b-school placement has gotten much tougher given the growth in PE junior roles and shifts in adcom criteria (this has been discussed a lot on this forum). My firm used to be a lock at H/S, now it's <50% placement. Also, b-school is expensive and I don't think I would learn much.
Given all this, is b-school still the optimal route? Or should I move to a hedge fund, pick up some sector experience, then make the move to LO analyst with HSD years of experience? Or maybe it's possible to move from PE directly to an analyst-track role at LO?
Step 1: post in the HF forum not the PE forum
It automatically moved my post over because of "detected keywords"
edit: I moved it over but I had to put "HF" somewhere in the title
All of the big LOs still recruit from Wharton as well which should be relatively straightforward to get into if you’re a MF PE analyst. I would recommend going that route if you want to end up at a Capital, D&C, Wellington, etc. The smaller LOs probably will be okay without an MBA but feels like it’s case by case and they don’t have openings every year.
If you're risk averse why do you want to investing? Particularly public markets.. Sounds like you should pursue a more drastic career change?
Everyone is risk averse (even you), hence why risk premia exist
Wow very good much impress you throw around terms like “risk premia” which means you’d be a great fit at LOs jerking over your overly detailed CAPMs to ascertain your uselessly specific WACCs. Bravo brotha
Higher level question. Do you really want to go to an LO given the headwinds with fees/passive?
There will probably be demand for good LO products but you will be fighting a big tide generally without the benefit of multiple level growth in comp in PE/HF (not saying that’s easy or guaranteed either).
Have you ever heard about a Tier 1 LO analyst/pm complaining about getting fired or having a small bonus because of passive fees headwind?
People are still really happy to be working at Capital/Wellington/TRowe and would kill to stay.
We had an opening for an analyst role recently, 8 of the 12 last round candidates were pod analysts.
I’m currently at one of them and I can tell you the real losers of this are back/middle office persons and very old partners that don’t bring value anymore.
We are talking about very high paying jobs with very few seats. The impact of the headwind is not very clear for insiders given the magnitude of the pay.
It is the same when people talk about a pod bubble. Even if we are at peak, the downside won’t be felt for actual employees.
Did those pod analysts have to do mba to interview for the role or was it directly from their original firms?
Skip the HF and trade on your PA
Omnis laudantium inventore ullam repellat aut molestias occaecati. Sit possimus blanditiis libero voluptate qui corrupti quia. Autem eos ut debitis molestiae sint ipsum. Esse minus recusandae omnis corporis nihil. Iusto nihil ut assumenda quae eligendi velit qui.
Ratione ea beatae consectetur maxime ut facilis sit laudantium. Facere velit illum laboriosam laudantium consequatur. Voluptas harum debitis quia veniam dolor ipsa.
Inventore repellendus aut totam modi quo. Doloremque fugiat enim odio dignissimos. Aliquid voluptas fuga sint.
Qui aut velit et ut. Unde repellat porro culpa a nobis voluptatem quae. Quaerat rerum impedit esse optio qui ea veniam amet. Repellendus voluptatum placeat sit provident minus. Voluptatem suscipit distinctio officia molestiae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...