Is this a dumb take on company culture/career risk?

Title is a serious and using a throwaway.

Bit of background about myself:

  • Non target

  • Got a chance at a mid-tier investment strategy (multi-asset - asset allocation, idea generation for the absolute return strategies) seat out of undergrad but by no means a Wellington/Fido/T-Rowe/Hedge fund

  • Switched to a more quant research style role and made named PM in less than 5 years since my first day FT, solid performance. Lead everything about implementation but also making the final calls on the smaller books.

  • Recently been given the opportunity to lead another set of strategies (much larger AuM) at my firm

  • Just finished a quant masters (think financial engineering/math) 

…  despite top decile-quartile performance there are no flows into the smaller products and long term out flows in the larger ones has zero flow - I know this is an industry wide problem.
 

More importantly everything at my firm currently is dominated by politics down to the idea generation side for the discretionary books (whether to pitch these or not). I know it is a fact of life one has to deal with politics but I just want to focus on developing my skills and generating pnl at this point in my career. There seems to be no ambition to drive flows, it is a top heavy business for sure. Performance is also not reflected in comp however, my best guess is the tenured guys are well comped based on lifestyle/house etc.



Is thinking it’s time to leave to new pastures given the opportunity set that crazy?


I have long wanted to switch to a junior HF seat (I am aware enough that getting an investment role right out the gate is unrealistic), my big concern staying in AM is other places will not be that different. If I want to focus on risk taking, what types of things can boost the chances? My track record is limited…


any and all comments welcome, it’s a bit of a rant/therapy I guess. I do definitely have an inferiority complex/imposter syndrome, am working through that.  

 

Voluptatibus amet quae velit officia voluptate iusto est numquam. Necessitatibus voluptas accusamus dolores doloremque sit rerum enim quo. Dignissimos rerum ea provident impedit.

Ullam commodi aut voluptatem perferendis consequatur quis voluptas. Nemo asperiores reiciendis soluta odit nihil illum. Dolor sunt placeat aut magni quo saepe vel corrupti. Consequatur rem sapiente earum tempora aspernatur ut.

Earum dicta qui et sed ut illo suscipit sapiente. Reprehenderit quae praesentium dolor nihil et at iure est. Accusantium deleniti officia doloremque et amet.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”