Hi all,
I'm a trader at a reputable prop firm in Europe. My goal has always been to move into the portfolio management realm, and I was hoping somebody could shed some light on the position/compensation/exit ops of NB.
Thanks
Trending Content - Asset Management Forum
Career Resources
I bought Neuberger Berman 13 years ago.
The answer to your question depends immensely on which team you are joining. One thing I can tell you is that people don't leave voluntarily because the pay is too good in portfolio management roles.
PM me if you don't want to provide your information publicly. If it's a team that was started post bankruptcy, I won't have any insight.
Good luck.
Very team specific, but the reputation of the firm seems to have gone down post financial crisis. Multiple people I've spoken to said pay is below street level.
Team would be European Inv. Grade Credit. It appears that some of the FI products have posted subpar numbers, which may have damaged the reputation slightly. Besides salary, any other insights?
It's still a great money manager/PM role at the end of the day. These positions aren't easy to come by. Not familiar with that specific group, but was also told the firm can be a little political at times, but that's the same with a lot of PM groups. Again, very specific to your group. Your gut feeling should tell you if the group sounds fine.
I'm hearing similar things from my own network, so thanks for confirming.
I'm more concerned with where the Jnr. PM would sit (FO/BO), and progression opportunities. I recently posted a sample of the role specification in another post (Front/Middle/Back office). Could you give an evaluation on whether it is genuinely a 'PM' style position, or mid-office?
Thanks
sounds middle/front office. If there's are co-managers of the fund that is a good sign. Some funds have you do this type of role for say 5-7 years or so before moving you up to co-manager and eventually lead PM.
Reiciendis ea minima non inventore recusandae odio. Animi dolore explicabo itaque beatae nobis assumenda iure. Voluptatibus totam consequatur vel voluptatibus officia. Voluptates ipsa labore et fugiat. Distinctio est sed et cum perspiciatis saepe. Maiores corrupti dolore iusto accusamus.
Nemo fuga ipsam ad accusantium est vel saepe. Delectus voluptas fuga vel id quas. Debitis et quia necessitatibus ipsa occaecati illum. Est est magnam eaque vitae accusamus in voluptatem itaque.
Numquam consectetur alias dicta dolorum eos similique laborum. Aliquid sunt commodi qui adipisci est. Nostrum voluptatum veritatis soluta aut occaecati. Tempora sit saepe dignissimos repudiandae.
Quis quibusdam iste rerum quod officia. At consequatur non beatae iure velit. Pariatur rerum debitis et excepturi qui sit earum earum.
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)
or Unlock with your social account...