Hello,
I'm a PM at an AM, co-manager on some big funds but also lead manager on some smaller strategies.
I took a break and I now look for a new offer.
I find opportunities only in wealth management (private banking) at the moment at small companies (same job, pm).
I always thought it was less good (because of less compensation, less "sophisticated" clients, hence less "sophisticated" strategies etc.). Could you confirm that ? What is the impact on a career ?
I was happy with my progress so far, but now i have to choose if i take one of those less shiny jobs, or wait for the right opportunity.
Hedge Fund Interview Course
- 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
- 11 Detailed Sample Pitches and 10+ hours of video.
- Trusted by over 1,000 aspiring hedge fund professionals just like you.
Comments (2)
Private Banking / Wealth Mgmt is more about relationship building and understanding client issues than actual asset management (unless you're talking about being the asset / portfolio manager for the wealth mgrs). Typically you will use existing models, creating models from funds, alts, etc.)
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)
Want to sign in with your social account?
Want to Vote on this Content?! No WSO Credits?
Join Us
Already a member? Login
Popular Content on WSO
Related Content on WSO