cfa10yrplan

bromion Wrote:
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> This job is not related to ER. This is fund
> management stuff, sounds like fund of funds maybe.
> In this job, you would be evaluating other people
> who evaluate investments, and then distributing
> funds to those managers under some strategy or
> formula.
>
> There is nothing wrong with this job and it can be
> lucrative and interesting work, but be aware that
> this is a completely separate track from ER and
> you will have a hard time transitioning with the
> experience you get in this type of role.


I agree and disagree.

Agree- This is NOT a research job at all. This is a fund-of-funds where clients are unsure which money managers to choose (out of the thousands). So instead, they go to this company, which chooses the best combination of money managers for the client. typically for a fee (probably around 40-50 bps of assets managed). So you won't be picking stocks or where to invest, but you help pick the people that will do it.

Disagree with your transitioning. In fact, I started my career in a fund-of-funds, exactly in this role, and moved to equity research within 2 years. Then later asset management for a several years.. them PM.. etc etc

If you want to use this as a stepping stone of breaking into a finance job where you can pick the investments and stocks, I think that's fine. Just don't stay too long in this position though.

Possibly the best part of this role, is the hours. Since you're not actively picking stocks, doing valuation, talking to ER guys or listening to conference calls, you'll find you have a generally steady 9-5 job with little stress. Great way to knock out the CFA exams in this type of job.