Currently looking for roles in ER/analyst at a FoF, AM, or family office BUT just recently had a recruiter reach out to me regarding a 10 month or so contract role with the POSSIBILITY of going permanent. Whether it turns into a full-time role or not is honestly irrelevant though, because I sincerely despise my current job AND I would be seeing a nearly 70% increase in pay if I were to move over to this temporary position.
The question(s) is/(are): Do I stay in my current Fixed Income front office analyst role and wait until I find something in ER/on the Buyside? OR jump at this 10 month temporary role that is middle office but offering way more pay and just be looking for something more permanent in the meantime? I guess what I need to know is…Will it look like I am too transitive in trying to explain to an ER firm/fund that I am no longer with my company of two years but currently working as basically a consultant (albeit to one of the largest mutual fund companies in the world) that has a really good name or should it be alright and not really matter?
They want to interview early next week and the recruiter said the manager would like to move quickly so any input would be great! thanks!
it’s 70 total comp to just shy of 120k ish. and I am not going to have to wait until year end to see a large cash portion of that (time value of money) my paychecks will increase immediately by that amount. I live in FL btw.
Thing is, if it will really diminish my reputation or “look” in an interview with a PM or MD at a family office/ER firm/fund for a permanent FO analyst role here in 6 months- year or whatever, then I will pass.
Well what’s odd is that the title is “Fund Data Analyst” but in the description it says “CFA or progress towards highly preferred”. Would this matter to a back office role? It’s a bit confusing : /
Point taken. I am not going to. Thanks for the prompt help! The recruiter said they would wanna interview really quickly and hire fast too (seems a little suspect also). I will hold out for now and keep looking
very true, they do have that incentive alone really. I have only been looking for a month or so for ER/Buyside roles and have had two interviews in South FL at smaller shops (under 1B) but nothing past over the phone. Idk if I am doing something wrong? probably working in Fixed Income to start haha. It’s like even though I have a year experience in alts and 2 in fixed income, I feel like I am going to have to settle for a 1st year analyst role anywhere that has to do with ER because of it.
I am hopeful that a lot of ER analysts already have jobs and aren’t looking because of where we are in the macroeconomic cycle, but if I am gonna make my move, I think I need to do it like NOW.
Yes, market neutral fund with no mandate and then another one is based on tail hedging. Oh so he is in the same boat as me haha. They are all in Boca/West Palm/Miami. Tampa sucks for them.
Does he work at a fund now? In all honesty, I am going to give my search like 4-6 months more tops for FO roles here in FL, then I am done. After that, I am going to open the search up to pretty much anywhere in the world that has a big center for finance. My competition will be greater, but supply of firms much higher i think,.
There is an open position that I also interviewed for at a large Canadian bank that is High Yield Credit Analyst role but doubt I am moving forward/kind of don’t want to move forward (only because it is Fixed Income) on that is paying 2nd year analyst numbers in total comp down in Miami.
You think he would be interested in something like that? If so, I can send you a private message on here with the details if that is an option on here.
