Quote:
Originally Posted by JoeClark
Hello,
I am soon to finish up my undergrad studies and am trying to choose a profession for myself. My interests tend to shift over time but currently I am strongly considering a career in Asset Management and had some questions about that field.
I am looking for an occupation with a decent work-life balance. I don't need to work 9-5 but I want to have time during evenings and weekends to enjoy life (family, movies, sports, exercise...) and don't only want to focus on my profession (although I am willing to work very very hard for the first 5-10 years). Is this possible in asset management? Can one become a portfolio manager in a mutual fund (I understand that HF's tend to have longer hours), for example, and work regular and normal hours? Are their any other asset management roles that you think would be a good fit for me? I went through many resourses [URL="://blog.advids.co/20-video-examples-from-it-asset-management-software-solution-and-services/"]Asset Management Video[/ for help but,did not find any help.
Please help me out.
Any help will be appreciated.
Thank you .
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Hi, I've been in the hedge fund industry for close to 5 years. Firstly, you don't just become a PM, PMs are generally made up of scholars and/or high performers who would have had many years to decades of experience either trading or doing IB. Secondly, if you are non ivy league graduate, your chances to even become a trading assistant for PMs in a hedge fund is slimmer than striking the lottery. For example a fellow in my office who's a trading assistant graduated from imperial college London. A first round mental math question such as what is 119^4/1.4 is considered simple. The people who are in that league are not there by chance, or luck.
Even someone with a local cert with honors backed with CFA level 3 and FRM may not make the cut. PM don't just bet on the market, they make sure their bet always wins. Especially in hedge funds where a market downturn is not an excuse to lose money. If you are close to the above credentials, congratulations you might have a glimmer of hope. If you aren't, then look on the bright side, you still can have a decent career in other functions within the finance industry.