Quote:
Originally Posted by Unregistered
This is false. In AM, hierarchy within front office roles is PM > Product> Sales. Product is extremely important role within AM as they are the bridge between the PMs and sales people. You would get a good grasp of the investment side as well as the BD side (product people do have to give client presentations etc). Many sales people also lateral into product. On comp, generally, product pays better than sales but also highly dependent on what shop you are at.
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The role that you are talking about is Client Portfolio Managers, see the link below and you will see the JD of a CPM matches your description. Product Managers in AM are concerned about the P&L of their products, coming up with strategies on how to achieve targets and doing competitive positioning. Take a look at the Wellington link again, you will see that role describes the role of a Product Manager.
//seismic.com/blog/equipping-client-portfolio-managers-for-success/