Should I make the move to an LO asset manager?
I graduated from college 4 years ago and have been an equity research analyst in a fairly large and well-known asset manager in my region for about 2 years. We are multi-manager and run several long-only or long-biased strategies. I like the investment process, the relative stability of the firm (much better than many small funds or large pod shops), the freedom I have in terms of research. I work as a generalist and I can be very flexible in what to look at.
Most importantly, the firm is keen to promote analysts to PMs or at least co-PMs who have a small book to run. I am told 2 years down the road I may be able to become a co-PM. Chance is not bad from my observation. Last year we promoted an analyst to co-PM, but he left and moved to another country. This year we just promoted an analyst to be a PM and he is just a couple of years senior than me.
The bad thing here is that analysts are not paid that well. I would say the pay is acceptable, much better than many small funds (especially after adjusting for the career stability) but still lag behind the global asset managers operating here. And I just got an offer from a fairly large global LO manager, and the pay is considerably better.
My ultimate goal is to become a PM, running the same kind of long-term fundamental strategy. Should I just endure 2-3 years to see whether I can make it to PM, or I just jump straight to the LO? Obviously it would take much longer to become a PM in the LO.
Et voluptas atque possimus. Quis vel sequi sit aliquid recusandae minus eum. Consectetur omnis temporibus et dignissimos minus et illum. Repellat aperiam dicta adipisci fugit autem corrupti est quod. Velit officiis eos dolor libero.
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...