FINALLY headed to work in FO

ChiCubsFan's picture
Rank: Gorilla | 566

After my career started in BO and MO roles for ~3.5 years I finally received the offer for a FO role. (granted I move like 20 feet away given the size of my company). I will be supporting the PMs/Analysts in various capacities, whether helping on research, or re-balancing and other account trading activity. It has not yet sunk in so typing this out kind of helps that. I have a few weeks before I begin, but once I do I will try and post my story so that maybe it will help someone on the same path reach their goals.

Comments (37)

Jul 20, 2015

supporting PM's? sounds more like MO....

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Jul 20, 2015

No, I am in middle office now, in compliance. In my new role I will be monitoring MF holdings, helping with research, being involved with asset selection meetings, doing stuff they would have to do if I am not there, other special projects as they come in etc . It is a pretty lateral transition, technically a lower pay range, but salary is unchanged. but definitely not MO. Kind of why I was waiting to go into more detail until I started and could better explain my day to day tasks.

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Jul 20, 2015

compliance is considered by most BO but whatever floats your boat

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Apr 13, 2017

Asset selection and research should definitely be FO. "supporting" the senior staff is just being a junior employee and working for your boss.

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Jul 20, 2015

Congrats!! First large step in the right direction. Best of luck.

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Jul 20, 2015

Congrats!! Best of luck on the new job

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Jul 20, 2015

What is your actual title?

Jul 20, 2015

Investment Associate in the client Wealth Management department

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Jul 20, 2015

congrats!

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Jul 20, 2015

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Jul 20, 2015

Congrats!!! Good Luck! Hopefully I will be in that area soon...

Greed is Good!

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Jul 20, 2015

Congrats and good luck!!

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Jul 21, 2015

This sounds kind of like the portfolio management Associate position AB will offer. Are you servicing your clients by fulfilling transactions, handling distributions, creating quarterly/monthly reporting, etc? Could be very wrong, but curious

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Jul 21, 2015

Yeah I think it is similar to what you are getting at. I don't think initially I will have my own clients, but helping support the PMs clients by fulfilling transactions, ie.(raising cash for distributions, fulfilling various re balances after client reviews), and whatever other stuff comes up. Basically whatever the PM would have to do if I was not there to assist them, stuff that OPs and the account administrators cannot do. As far as quarterly/monthly reporting I am sure there will be some of that, as well as ad-hoc reporting helping the department make decisions on business and Asset Management functions. It is hard to silo it into purely PM over pure analyst research, since our PMs have kind of dual roles in that regard. This is since we are pretty small in size. I am looking forward to opportunity, definitely more in line with my long term goals, and given the multiple hats they wear, my ability to develop and figure out what I am best at, and help everyone out by doing that.

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Jul 21, 2015

Not sure why we can't just congratulate this guy on his new role. This wasn't a bragging thread, just someone excited for their promotion within the firm.

Jul 21, 2015

Many Thanks! I think ilc22 asking more detail comparing to another place I believe was a valid post as well, so any questions I will try and answer as best I can.

Jul 21, 2015

@DickFuld have you run Matrix into the ground yet too or not yet?

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Jul 21, 2015
The Real Gordon Gekko:

@DickFuld have you run Matrix into the ground yet too or not yet?

Have you run anything ever?

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Jul 21, 2015
DickFuld:

The Real Gordon Gekko: @DickFuld have you run Matrix into the ground yet too or not yet?

Have you run anything ever?

Oooooh. Take that burn @The Real Gordon Gekko

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Jul 21, 2015

Congrats. Inspiring stories like this one give me hope coming from a non-target.

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Jul 22, 2015

I am definitely from a total non-target, but kind of took the cards I was dealt, I might go into more detail responding to post below, but just have a plan, have discussions with people in power and willingness to help you and get it!

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Jul 21, 2015

Nice one mate. So how'd you do it?

Jul 22, 2015

I will tell my story, just need to find some extra time to outline it, so check back sometime soon!

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Jul 22, 2015
Aug 22, 2015

Congratulations. Don't really understand some of negativity or nit-picking in this thread. As someone that moved from BO/MO to FO I know the feeling when you achieve a move that you begin to think is impossible. Whatever the finer details of your role is, by having regular interaction with a PM and getting an understanding of the day to day portfolio management process, you'll be making the right steps to progress in FO.

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Aug 25, 2015

Many thanks! Started yesterday, what an interesting first day it certainly was! I agree, the nit-picking of details loses sight on the big picture. Update to this, I am now done with the CFA exams as well! So that sets me up well into the future!

Apr 13, 2017

Hey CubsFanatic8228,

After reading your post I wanted to congratulate you and was hoping if you kindly provide some insight to your new role as well as an update as to how you have been progressing since your new role as an Investment Associate.

Apr 20, 2017

You sound like you had to put in a big shift and jump over some hoops for this stuff. Can't wait to read that story.

Please don't disappoint :)

Absolute truths don't exist... celebrated opinions do.

Aug 24, 2015

cubsfanatic8228 - congrats.

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Aug 25, 2015

thank you!

Apr 13, 2017
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Apr 20, 2017
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