I'm torn between the two roles. BD at AQR or Guggenheim Investments? Both similar salaries and the regions focused on are similar. Hours at one a lot worse. Thoughts?
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AQR > Guggenheim
Of course. However, the team is a lot smaller at Guggenheim and more scope to progress quicker, which is something to consider.
While BD will be the same, focus on what you want to pitch and what you'd be good at.
AQR = institutional quality quant shop, so you'll be spending lots of time on explaining quant models, but you have good brand recognition, and will work with some of the more sophisticated investors. If you don't like quant though.... that might be a bit of a struggle.
Gugg = a fixed income shop that basically has its strength in structured fixed income and is kind of like a key man shop with Minerd at the helm (like Gundlach/doubleline) so you'll be selling fundamental fixed income in all flavors. They've done really well and had explosive growth, so you're probably a little late to the growth party, but if they continue to do well, they will continue to attract assets. You're also attached to the overall Guggenheim Partners investment bank as opposed to AQR that is just an Asset Management firm.
Depends what you want to do, whether you want to stay for a while, do a couple of years and go to b school (assuming you're new grad), where your interests lie. I don't think there's a good or bad way to go as both shops are great at what they do - pick what you want to sell and your fit with the group.
Cheers saxxyman for your response, very helpful! At Guggenheim it would be in a small team of serving European markets, so still a huge amount of growth there which is why im leaning towards that role (they've raised around 10bn since 2010), whereas at AQR, their European team is about 17 people strong, so not sure how much room there is for growth there.
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