| Topic Name: |
Career Path Decisions |
| Message Name: |
Timelines and Compensation |
| Date Posted: |
10/12/2004 |
| In Reply To: |
Look for a research associate or assistant position if you want to get into investment management. Just be aware that absolutely NO firm will give any 21 year old key investment decisions, so in order to get to that point is to gain experience working with different valuation models, researching and being able to pick stocks in your sector. The business is based on reputation and you live and die by your picks. Eventually after a few years of research, the natural progression is portfolio management. My advice is to get your foot in the door as a research associate or assistant, work a few years, get an mba at a good program and you're set. |
| Message: |
Suppose we went down the timeline of a Portfolio Manager. First as a research associate/analyst, maybe sr. associate next?, what's next?, until the end.... Portfolio Manager and big $$$
How long relatively speaking (years) for each position, and how much compensation at each level?
The alternative comparison I was given for some accounting firms are like associate (mid 5 fig) - sr. associate (mid to high 5 fig), manager (high 5 fig), sr.manager (low 6 fig), partner (mid 6 fig) b/t 12-18 yrs.
Would you sacrifice job security for the potential to make as much in IB or IM? I here the general consensus is tremendous burnout for IB and IM, but those who stay there make very nice six figure salaries and potential for 7-8 fig bonuses. Where does a workaholic like myself draw the line between comparative offers from either industries? I want to maximize wealth, but I'd hate to wake up 5-10yrs from now and say Oh God why am I here and what happened to the rest of my life =P.
|
|
