To late getting entry-level PM job or analyst job? accounts, research, reporting, manager, getting

sgupta0827

For the last six years I have worked at a small Dallas area B/D owned by Wells Fargo. I worked in brokerage operations in a dept that deals strictly with fee based accounts either managed by our portfolio manager, by outside managers, or by the financial consultants. Our PM does not have a dept or research assistant – he just leverages Wells Fargo’s models/ analyses.

I have been doing composite reporting, monthly market updates, some custom performance reports, occasionally some portfolio rebalancing as a back-up trader, and of course just normal brokerage ops stuff.

I applied for a few entry-level PM jobs from time to time with no luck. Recently I got laid off because of the Wells Fargo/ Wachovia merger. I was not even considering PM type jobs until I started putting my resume out there and low and behold had two interviews in the PM area – well sort of. One was as Performance/ Attribution Analyst for a large mutual fund company.

Essentially my questions are these: (1) even if I don’t get the Performance/ Attribution Analyst job and have to go back to ops, do you think if I got the CFA I&II passed I might be looked at? (2) Perhaps I should get the CIPM also? (3) Can a Performance/ Attribution Analyst lead to a PM role

himanshumh

cfawantabe Wrote:
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> a small Dallas area B/D owned by Wells Fargo

equities???

DoubleDip

cfawantabe: what is your contact info?

anshultongia

sorry man, performance attribution is basically management reporting, which is more like back office. a job is a job and if you need to pay bills, no one will look down on it.

but from this to pm or am is still a ways to go. CFA can only help you though.

MiniMe7

Thanks jcole21. Even if I don't get the performance analyst job I think I will go ahead and get started on the CFA/ register and take it in December. I'm fairly certain I was at least #2 pick for the performance analyst job and if I had the level I or I&II I would have gotten an offer - because they preferred CFA candidates.

laurab

We need a mechanism to lock troll threads

NakedPuts

That's not a pm that's middle office.

I'd work towards any am job like this then do cfa and shoot for entry level research role. Tell them you'd pursue cipm but focus on cfa and networking.

Good luck!

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