| Topic Name: |
Need Career Advice |
| Message Name: |
depends... |
| Date Posted: |
05/27/2005 |
| In Reply To: |
Greetings,
I??m in need of some advice here. I am a recent grad (undergrad) and I have received 2 job offers and I??m having a hard time choosing which one to go for.
1) Performance Analyst at one of the largest investment management firms. I would basically be dealing with account performance issues, auditing and comparing against composites, assisting with AIMR verification, etc. I think there are 3 levels of performance roles in this group and one is promoted from the junior role in usually less than 1 year. I have also heard that there are individuals in the group who are in top MBA programs or CFA candidates. They are very selective in hiring.
2) Derivatives Operations for one of the largest investment banks. This is a 2-year, structured rotational training program rotating in derivatives settlements, confirmations, and margin funding. It was actually quite competitive to get into (minimum 3.5 GPA, etc.) and I would be part of the first group of people in this new 2-year program that they are implementing. They were basically looking for exceptional grads with leadership potential. Part of the position is also evaluating and recommending ways to improve processes.
The derivatives operations job pays about 15k more than the performance analyst job (pretty good salary right out of college). I like the fact that it is a structured program and that I would have the opportunity to be involved in process improvement. The Performance Analyst job would get me into a large buy-side firm and perhaps be a better path to maybe someday get into research or portfolio management. I have read a lot of profiles of portfolio managers who were once performance analysts early in their careers. I am wondering which position would give me the better experience and which would be better when applying for an MBA program at a top school like NYU Stern. Any opinions would be appreciated.
|
| Message: |
on what you want to do after grad school. if you plan on working for 2 years, then getting into an MBA program, both positions are a wash it sounds like b/c both are with well-known firms. derivatives ops could move you into a sales role, which could be long-term lucrative & the analyst role would position you to be a buy-side analyst or portfolio manager. both are very different roles, so it depends on what you want to do. good luck.
|
|
