Better option to successful career in AM
Hey all,
So the only asset managers that really recruit on-campus at my school are BlackRock and PIMCO. Now obviously, I plan on and am currently reaching out to alumni at every buy-side shop I can find, and cold-applying through firm websites, but we all know how lucky one has to get for those to pan out. My question would then be, if I had the choice, what industry out of undergrad best sets one up to land at a successful asset manager? I am confident I can secure a position at a bank in either IB or ER, or even land in research at BlackRock or PIMCO (I have good stats and exp in IB and buy-side research).
Taking the long-term view, would the training and reputation of a good IBD internship/FT be more effective in setting one's self up for AM success, than say a BlackRock or PIMCO stint at the onset of one's career?
Thanks for any advice, just looking to bounce these ideas off anyone with experience
BUMP
I'm an intern at a BB sell-side ER and no expert in AM, but seems to me that starting off your career at Blackrock or Pimco (assuming FO investment analyst positions) would both set you up really well for L/O AM firms later on...and by that, I mean probably better than IBD or ER would.
My only gripe with Blackrock or PIMCO, is that they recruit a lot later than the banks, so that if I'm fortunate enough to get an IB offer, I may not be able to parlay that into an offer from one of the AM. Additionally, from people I've talked to at firms that don't traditionally recruit undergrad (HFs, top SoCal AM Canyon Advisors, Brandes, etc), a two-year analyst stint is more often than not recommended rather than a buy-side stint. But that may just be a function of none of the AMs really recruiting undergrads from schools of mine's caliber
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