I like the Debt/Fixed-Income markets. These markets are grounded in numbers, unlike the equity markets. The equity markets require too many subjective assumptions.
ER is all about space
And space, in turn, is all about other dimensions.
and loafers
Iginla2010 Wrote: ------------------------------------------------------- > bodhisattva Wrote: > -------------------------------------------------- > ----- > > My ideal role is in PWM as a PM running > > discretionary portfolios. There are two things > I > > crave most in my career; intellectual > stimulation > > and lots of interpersonal interaction. I am > > fairly extroverted and I enjoy communicating > with > > people so I know that being a spreadsheet > monkey > > isn’t a good long term fit for me. > > > > I am just desperate for an opportunity to move > in > > that direction and I don’t know where to start. > > > What do you do now? Maybe I can give you some > pointers. Not even in financial services, I am a material/financial analyst for a company in the recycling/pulp and paper market and a level three candidate. I was thinking of making a transition to commercial banking and then moving to PCS at one of the big five banks, if I had a little more confidence in myself and was less risk averse I’d simply become an FA and grind it out until I got a big enough book to move into more discretionary management. I fear that I’ll pigeonhole myself as an accountant which is problematic for me because my personality type and interests don’t mesh well with that type of role.
I’m in investment consulting and to be honest I do not think you want to be here. Most of the people at my firm could never make it to the sell or buy-side so they’re pretty much just stuck around after having kids/mortgage. They are pretty bitter about this. Most of the people in alternative research are just waiting to go to a FoF so they can finally start making money. Most younger people at my firm dream of ER or Wall Street. Older people work 80-100 hr weeks (including travel) for the salary of an associate at a BB. But if you really want to try it out, here are some tips… CFA is desired (really the best way of breaking in), Top 10 MBA is helpful but you will still pretty much start off as semi-entry level, top firms do undergrad recuiting at the top 10-25 schools, there are a ton of small firms out there with 20-50 employees go to Pension & investments they have a ranking by AUM i would target those firms. If you interview be engaging, sharp, confident but HUMBLE. If you have any specific questions feel free to shoot me an email at this name @gmail.com.
> Not even in financial services, I am a > material/financial analyst for a company in the > recycling/pulp and paper market and a level three > candidate. > > I was thinking of making a transition to > commercial banking and then moving to PCS at one > of the big five banks, if I had a little more > confidence in myself and was less risk averse I’d > simply become an FA and grind it out until I got a > big enough book to move into more discretionary > management. > > I fear that I’ll pigeonhole myself as an > accountant which is problematic for me because my > personality type and interests don’t mesh well > with that type of role. To be able to break into PWM at a large Canadian bank, ideally you would have started at the bottom of the ladder as an assistant/portfolio administrator. But, you have a shot. I don’t know how long you’ve been doing this or how old you are. Best bet would be to do commercial account manager type role at the big 5, doing lending and mutual fund to small business owners. You will be given a book to maintain and bring in some new accounts. Nothing too exciting. Do that for about a couple of years. You will then have some relationship and sales skills under your belt. Then you can move into the investment arm of the same bank. This way, you could make contacts within PWM teams of the bank because they will come to you for referrals. I know few guys who have taken this route and are doing very well now. Hope this helps, if you have specific questions, feel free to post your email here and I will send you a note.
only five months i have been promoted twice in that time, i am 28 and don’t anticipate being here for more then another year.
If you really want to be in PWM, I’d say give it a shot. You still have a very good chance. If you need any help, let me know.
Iginla2010 Wrote: ------------------------------------------------------- > If you really want to be in PWM, I’d say give it a > shot. You still have a very good chance. If you > need any help, let me know. I’ll let you know when I’am ready to move on from this position. Probably in August when I hopefully clear lvl 3.
I appreciate the encouragement thank you