Hello All, I’m a recent B Comm Grad in a PM rotation program; “an intitiative to develop and train managers for key portfolio management responsibilities,” currently in a buy side analyst capacity for an AM serving institutional clients (>$10b AUM). Although on paper this position was a clear winner to get my foot in the door to the front office; it has left something to be desired. For instance, following completion of the program there may not be a position available leaving me with the possibility of ending up in a wide variety of capacities from benchmarking to real estate investments. Also logistical aspects of the program have left something to be desired as I have spent periods without a computer/desk in between rotations and space constraints have left me sitting in separate areas from my co-workers. I feel at times these issues have impaired my progress as well as that my experience has had little to do with portfolio development/management. I currently enjoy the people I work with and the role I am in; however the uncertainty as to where I will end up following the program as well as the logistical hiccups have had me keeping an eye out for other opportunities. I’m wondering if anyone could give me any insight into the following job posting with the goal of gaining relevant experience towards the ends of becoming a PM down the road. The employer is a much smaller asset manager but is quickly growing and more geared towards high net worth clients. It is also well regarded and has won awards as a Best Employer, for what its worth. I appreciate the insight, I’m extremely new to the industry (<1 year) and would appreciate any guidance from contributors to the forum who have been in the biz. Sarcasm and derision is appreciated as long as constructive, I do have a sense of humour but anything constructive would be fantastic. Any thoughts on compensation would also be appreciated, my current employer could be considered frugal, and I took a considerable (20%) hit to take this opportunity to the knowledge of the employer and have received very positive performance appraisals, passed LI in Dec (a requirement of the position) coupled with a 2% raise without bonus. I’m a humble guy and realize I’ve got to prove my worth but that fell short of my expectations and has been weighing on my mind since December. Remuneration: Competitive salary, bonus and equity potential POSITION OVERVIEW The analyst(s) will be key member(s) of the investment team with many opportunities for professional growth. They will be encouraged to expand their breadth of capabilities across the many facets that exist within our investment organization. Mentoring and training will be provided. Junior Investment Analyst Investment Analyst Senior Investment Analyst RESPONSIBILITIES Work with the Chief Investment Officer and other senior team members on Asset Allocation and Investment Policy using advanced techniques in portfolio optimization. Provide on-going research and due diligence on leading investment managers across the globe. Identify and research investment ideas for the managed Fixed Income and Equity portfolios. Meet with corporate executives, sell-side analysts, as well as attend conferences and investor tours to gather intelligence on investment ideas and investment managers. Develop models and analytical tools to enhance the investment process. Assist with trading and use portfolio management systems for Portfolio and Trade Modeling. Other duties as assigned. QUALIFICATION REQUIREMENTS Education and Experience: University degree Earned the CFA designation or willing to enroll. Years of Experience: 0+
One year feels like such a long time in the beginning of ones career. I’d say you might want to hang in there for a little while longer. Also: remember that most any job has mundane parts. If you sit by yourself inbetween job rotation, you can always use the time to study and/or walk about and ask questions about your coworkers’ jobs. Also: if there is indeed an upcoming recession, you might want to be where job prospects are more stable. Jumping ship after one year will not look so good in retrospect. I was new to the job market when house prices in my country slumped 50% in about 18 months and interest rates briefly hit 500% (fivehundred). It wasn’t all that funny.