Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > Career Advice (M&A to AM)

Income and Jobs Discuss jobs, career options and of course salaries




Salary.sg Forums

Thread: Career Advice (M&A to AM) Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
17-11-2017 03:37 PM
Unregistered
Quote:
Originally Posted by M&A to AM View Post
Thank you mate for your advice here.




It's always wonderful to hear insights and that kind of confirms my guess from the information and 'slip' details from the hiring manager. I had looked at boutique AM firms but most are not hiring (or my network just isn't big enough).

Year-end is always a good time to reflect on one's life goals, including my career choice this time round
Boutique firms usually want someone with direct relevant experience so that he/she can hit the road and start functioning from day 1. Many of these firms have 10-15 pax all-in and outsource a lot of work. They don't have luxury to get a semi-fit guy who requires lots of OJT to warm up. You are better off staying in M&A space.
17-11-2017 11:06 AM
M&A to AM
Quote:
Originally Posted by Unregistered View Post
Definitely would not advise going into execution trading even if it were a perm role.
Thank you mate for your advice here.


Quote:
Originally Posted by Unregistered View Post
I will never settle for a contract role if I am already holding perm. Besides the AM industry is undergoing servere cost cutting and fee reduction due to massive monthly outflows into passive instruments and this trend shows no sign of abating.

Chances of conversion to perm are not high as the existing headcounts are being reorganized and reduced in most AM firms. Even huge ones like Fidelity, JPM and BR are getting hit left right centre. The smaller ones like LM, FT, are completely screwed.

Surprisingly it's those niche boutique AM firms that are doing much better in terms of client retention.
It's always wonderful to hear insights and that kind of confirms my guess from the information and 'slip' details from the hiring manager. I had looked at boutique AM firms but most are not hiring (or my network just isn't big enough).

Year-end is always a good time to reflect on one's life goals, including my career choice this time round
17-11-2017 10:39 AM
Unregistered I will never settle for a contract role if I am already holding perm. Besides the AM industry is undergoing servere cost cutting and fee reduction due to massive monthly outflows into passive instruments and this trend shows no sign of abating.

Chances of conversion to perm are not high as the existing headcounts are being reorganized and reduced in most AM firms. Even huge ones like Fidelity, JPM and BR are getting hit left right centre. The smaller ones like LM, FT, are completely screwed.

Surprisingly it's those niche boutique AM firms that are doing much better in terms of client retention.
16-11-2017 05:04 PM
Unregistered Definitely would not advise going into execution trading even if it were a perm role.
16-11-2017 02:26 PM
M&A to AM
Quote:
Originally Posted by Unregistered View Post
Just to clarify, what is the specific role and asset class in the AM firm? Equity analyst?

Also what is M&A (buy-side)? You mean as an advisor on the buy-side of transactions or principal investing for a company (presumably not a PE shop)?
Hi there,

the jobscope is primarily the trade execution and monitoring, could be both equities and fixed income since they deal with multi-asset funds. So it's not an equity analyst role that can eventually lead to a portfolio manager role.

I work on the buy-side to acquire companies as per the mandate; so it's principal investing. It's not a PE shop as the capital is wholly founder's money, maybe S$150m dry powder
16-11-2017 12:36 PM
Unregistered Just to clarify, what is the specific role and asset class in the AM firm? Equity analyst?

Also what is M&A (buy-side)? You mean as an advisor on the buy-side of transactions or principal investing for a company (presumably not a PE shop)?
16-11-2017 10:09 AM
M&A to AM
Career Advice (M&A to AM)

Currently i am in the M&A team (buy-side), looking to transition into the asset management (AM) industry for career aspiration reason.

I am currently holding a perm. role and was offered a contract role with one of the larger AM firm (AUM >100b) . While there is some upside to my salary (+20%), it’s a 6M-12M contract role and we do not know if there’s any renewal/conversion.

If I were to move, I would be starting 'new’ since I had M&A instead of AM experience.

In addition, many have said that AM is a sunset industry because of AI/Robot trading, increase no. of ETFs, etc.

Basic profile:
Early 30s, passed CFA level 3 (few months short of 48 months investment experience), previously graduated with Economics major from a local uni.

If you were in my shoe, would you move for career reason or stay for stability reason?

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off




All times are GMT +8. The time now is 08:00 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2