1/17/12

I'd imagine it takes years of due-paying, but maybe someone with real-life experience could give me a more specific figure. This could be at an AM firm or an HF. I'd appreciate non-sarcastic responses (atypical of what I've seen on some pretty legitimate questions on this forum). Thanks!

Comments (12)

Best Response
1/17/12

If you have to ask its too long.

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1/17/12

Fastest I've seen it done (I worked at an AM for 2 years):

  • Girl graduated NYU Stern at 21
  • Worked with PM team while doing her CFA (was 25 when she got it)
  • Got laid off 2 years later (she was 27)

She still wasn't a PM; all those guys were early 40s at least.

So, I'm sure it can be done faster, but don't hold your breath on being the Patrick Bateman of AM.

in it 2 win it
1/17/12

If you aren't one already, you aren't gonna get it

I eat success for breakfast...with skim milk

1/17/12

On average, most people dont get tp PM level.

"...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

  • Schopenhauer
1/17/12

There's no timeline...there are different ways to do it..coming in from the buyside, imo, is probably the most difficult to break in because you have to convince the PM that you have good trading ideas etc etc...then he has to appoint you to be his successor when he decides to leave, which could be an indefinite amount of time..

Best route I think is to be a trader, best would obviously be to start on a prop desk where you would work underneath the PM, and if you have a good track record try to start your own hf.

1/17/12

Would a few years working under a PM at a buyside firm give you the sufficient skills/knowledge to go off on your own, maybe start something yourself?

1/17/12
PEVAN:

Would a few years working under a PM at a buyside firm give you the sufficient skills/knowledge to go off on your own, maybe start something yourself?

You dont have a track record. hence, sourcing capital will be an issue.

1/17/12
PEVAN:

Would a few years working under a PM at a buyside firm give you the sufficient skills/knowledge to go off on your own, maybe start something yourself?

No, you wouldn't be able to go out on your own, but you would be able to lateral to another firm as a PM assuming you were an Associate PM or something similar.

"It is hard to fail, but it is worse never to have tried to succeed."

Theodore Roosevelt

1/17/12

I appreciate the answers, guys. Keep it coming!

1/17/12

It depends on the firm structure. Some firms have 40 year-old "analysts" that are just like PMs but have an analyst title. At other shops there are more PM titles and you can earn it with several years of good performance post-business school.

1/17/12

Don't get your hopes up: //www.wallstreetoasis.com/forums/trading-experience-must-for-hfs#comment-560436

1/17/12

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