Joining a UMM fund (~$10B) in a few months. Curious to hear from those that have either made this move or seen it from coworkers. What’s the timeline for recruiting for MF roles as an UMM Associate? Do you join as a 1st or 2nd year (taking a step back)? Did you network or did a HH reach out? Any insight would be greatly appreciated.
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Bump
Like what’s the benefit in making that jump at that point… 10bn is huge
OP here - I am aiming to get promoted internally but asking this question in case I have to lateral.
If you're not good enough to make it internally what makes you think you're good enough to make an upstream move?
I don't know if that's exactly right. I've seen people move, including people who were the "out" of "up or out", and then murder it at the new place. Both lateral and upstream. Sometimes it's just about lining up your personal style with the right environment, sometimes being let go gives you the push you need to really hit your potential, and sometimes the current firm just doesn't have room.
All anecdotal, of course.
is moving up largely about politics? or is it moreso on your technical skills as an associate, or being able to present well since senior PE positions are more client facing. curious about generalized tips you have on pe promotion internally
Also curious
Really variable by person but maybe this is something like what you were looking for. I'd break it into steps:
Lol at this. Are you an undergrad?
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