Job Responsibilities
Manage equity portfolios, including stock screening, fundamental
analysis, risk management, and portfolio construction. Prior
positions included management of a billion dollar, five-star
Morningstar rated mutual fund.
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Job Requirements
MBA from a top business school program combined with a CFA
designation are key to getting a high paying position. My
engineering undergrad also was beneficial in the development of
quantitative models.
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Uppers
Independence, both financial and on the job. Pay and hours are favorable.
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Downers
Competing against an efficient market.
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Lifestyle
Wonderful hours - 40 per week and no weekends. Formal dress required when
visitors are in the office. Travel is light, perhaps 2 days travel per month.
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Compensation
Excellent upside potential. Six-figure salary and bonus
starting out for top MBA/CFA holders. Seven-figure salary and
bonus for mutual fund managers with top quartile ranking in
their style class and with $1 billion + in assets.
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Advice to Jobseekers
Focus on developing a stock selection model you are comfortable
with and can sell with conviction. Hope for positive
performance results from your model for the first few years and
you will make a lot of money. Leave your conscience at home.
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