My goal is to oneday work as a portfolio manager managing money.
I currently work as a junior research analyst for a high net wealth firm covering all asset classes (equities, fixed income, property). We have a very small research department, in fact I am pretty much it underneath another guy that calls the shots - nontheless, I present a lot of ideas to him for my level. I know this sounds ludicrious considering I have less than one years work experience. My role responsibilities are as follows:
- We run a 20 stock portfolio (similar to an SMA) and I have to track each stock, think
- We have a number of hedge funds and long only managed fund strategies that we invest in whether it be international equities, domestic long/ short funds, absolute return fixed interest etc. On a quarterly basis, we meet up with these management teams and see how they are tracking and how they are thinking. Saying this, we do track them on a monthly basis. As you would think, its really all about delivering here.. we are patient but generally go with reputable portfolio manager names or funds that have deliver superior track records. This is really engaging as I have learnt a lot by talking to some of the smartest names in the business and trying to work out how they think and what their strategies are.
- we run a unlisted property fund that design high yielding multi million dollar property syndicates (we currently have about 50 mil under management which is sizeable for a private wealth firm). I dont do much work on this side however, when the analysts on this team get swamped I come in and give them a hand or research potential areas for demographic/ development trends and any medium term risks around the area.
Anyway, as I dont really do really any financial modelling (although I am not really concerned with this because its not the be all and end all as you can just do a course on it an smash it out for 120 hours + i have had 6 months experience in this area) and my firm is a boutique name (so wont be known internationally) (although I do have massive exposure to some of thebanks and top buyside mangers in the industry), I am concerned that my career prospects going forward, any opinions on this?
Do you see this job opening any doors? I have a first class honours degree (finance) at a non-target + university tutoring and lecturing experience + four big 4 accounting firm internships before I got this role. Do you think I should bite the bullet and go do a masters in finance at a top 20 university, I am thinking imperial college (london) to be honest and have been in discussions with them having approved my candidacy. I am thinking hopefully this would lead to a BB or something and then i could gain access from here into aor a reputable AM firm.
Any thoughts on my position if any I would be extremely greatful.