| Topic Name: |
long run earnings potential |
| Message Name: |
Hedge Funds |
| Date Posted: |
09/27/2004 |
| In Reply To: |
Hi,
I am asking a very simple question. What is the career path that one should try to pursue in investment management that leads to very high earnings in the long run - more than 10 to 15 years.
How does this earnings potential compare with that of a similar path leading to very high earnings in investment banking?
Many thanks. |
| Message: |
Ideally try to obtain a job on the buyside at a well-known money manager. Get an analyst gig covering companies, obtain CFA, and move into Jr. PM or PM role where you are paid nicely. This can realistically take anywhere from 5-8 yrs depending on your abilities and the firm. Once you're running institutional money you may have the opportunity to start a fund of your own if you can raise money or go work for a hedge fund picking stocks and taking home a piece of the 20% upside that they pocket. It's a young business, no matter what anyone says, so it's not uncommon to have guys 35 yrs old making well into 6 figures & possibly 7 figures. Also, lifestyle can be better than IB. Good luck.
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