澳大利亚n AM - Small/Unknown Shop

大家好,

我最近接受了MD的最后采访,担任小/未知的投资分析师角色我认为进展顺利的公司(老实说...似乎大多数无论如何,澳大利亚的商店(尤其是墨尔本)都是小型精品店)。这是一家小商店,可能有3-4个投资人,已经有20多年了,主要是为HNW客户提供SMA(可酌情投资组合)。如果我不得不猜测AUMis under AUD$500m, probably somewhere in the $200m+ range.

我的背景是Target的最后一年B.商务,其成绩不错(低于平均水平的课外),没有事先实习,因此考虑到我的简历,这家公司愿意看我的事实是我非常幸运的。这将是我大学毕业的第一份全职工作。

最近,我遇到了Blackhat在2014年发表的帖子,标题为“ Am vs HF:我们业务的业务”。我注意到这可能是以美国为中心的事实,但下面是他对他在小/不知名的基金中为开始的人工作的想法的回应:

Small/unknown funds I know very little about. I would imagine these places have single strategy, small AUMs and not a lot of exposure to management. Probably a ton of responsibility though, but very hard for recruiting purposes to move on when nobody knows your firm and you're investing in遮盖小帽子or something.

在今天与MD交谈之后,我发现该基金主要关注他们的小/微帽策略作为其优势(我也很感兴趣),并被告知它实际上是该国最高的基金过去一年的该策略(并且还执行很好地反对基准为了the past ~5 years so a bit of track record there). PM has priorBBSellside经验(最高分析师),并且已经从事该行业已经很长时间了,所以我敢肯定有很多东西可以向他学习。但是,从BH收到的回应使我质疑从无名基金开始的决定(如果给出的话,可能仍会接受要约!)。想最终在HF/顶部,,,,so logic tells me the obvious route would be: no-name(这个角色) - >更好- >更好的AM->等,然后最终HF/顶部

obviously, there's not straightforward answer to this, but would appreciate any thoughts on a graduate starting out at a no-name fund. Would also love to hear from those who may know what kind of comp to expect going in, cheers!

Comments (11

  • 商人S&T-通讯
1年

I would take the traditional path if you had other offers but if this is your only option it sounds like it fits you well. Did you discuss pay? I am wondering why they would hire a no-experience graduate rather than someone with two years experience inorIBDetc unless they were trying to hire someone for not much money.

1年
[电子邮件保护],,,,what's your opinion? Comment below:

通过传统道路,您是指顶级AMS或IB的结构化招聘吗?有可能在一家精品/无名公司咨询公司中有实习机会(约6个人,1岁以上,主要是ECM下端的交易,但被告知他们在2021年的交易流量很强),但是这笔报价不会是全职的,我不确定我是否适合(在IB方面更适合)/招聘良好BBIB或之后。认为我的兴趣最终在于股票。

Haven't discussed pay yet with the,,,,but have an inkling that its around the AUD$55-65k range (including super - similar to 401k for Americans - so take home pay would be around $50-60k less tax). I would imagine that this is probably on the lower end of the Street comp wise...so that may answer your question.

Also, I think recruiting may be less standardised here than in US so a bit of leeway in terms of hiring a fresh graduate. They hired another guy who had a similar profile to me (fresh grad) a year or two ago so I suppose they're more after someone with demonstrable passion/interest in investing and are willing to train them up.

您如何看待Comp堆叠?

  • 2
  • 商人S&T-通讯
1年

是的,按传统道路我的意思是IB,,,,,交易 - >HF,,,,but it seems like that probably isn't an option at this point so i think if you're offered this you should take it. I do think the comp seems low (i started in Syd so im familiar with a lot of the starting salaries) but experience trumps all. It seems like you like what this company does and if you're good at what you do i have no doubt your comp will rise where you are or you can leverage the experience you get here to go somewhere else. The smaller team size means you'll probably get a lot of responsibility quickly if you show your talent.

I read your other response so i'll come back on that as well... even if you're offered this role for post graduation, still try to recruit for the summer vacation jobs at all the investment banks (just say on your application you're going to do an honours year), its free optionality and if you're offered one of these as well then you can have a think about that.

  • InternIB-M&A
1年

您是在今年年底毕业还是要去研究生

- 您是否有机会在夏季进行另一个实习?

1年
[电子邮件保护],,,,what's your opinion? Comment below:

仍在本科生,目前尚无计划毕业(不反对CFA如果需要的话)。粘稠的地方,没有赠送太多的共同点取消了我在国外的留学。因此,最后一年,但是如果我真的想要的话,可以选择扩展(因为我已经是一名超级大四学生,所以额外的一年看起来可能有些腥,尽管Covid借口可以工作)。

But to be honest, I've never had any luck with more structured, bigger company recruitment (BB,EB或4/中级会计师事务所),所以我真的很想确保一份好工作,做我现在喜欢的事情which is equity analysisand which also gives me some optionality to re-evaluate ~1.5-2 yrs from now. At that stage, I think I would re-evaluate to see whether I want a name brand on my CV (or not!) or if equities really interests me - then go do something else!

干杯。

  • 2
最有帮助
1年
Jackwestjr,,,,what's your opinion? Comment below:

有很多公司漂浮around in Syd/符合您描述的标准的梅尔布。质量往往从漂亮到垃圾,老实说,在面试时很难选择一个。归根结底,如果您想从事股票研究职业,买边经验beats pretty much anything else (unless you have an offer from anIB为了卖面,在这种情况下,你可能想要把它)。

警告词,这里有80%的建议/讨论不适用于澳大利亚商店。这/HF在澳大利亚,分裂并不像在美国那样存在 - 他们在这里融合在一起。虽然有一些资金more Hedge Fund像(铂/反植物等)一样,在这些家伙招募时,这真正重要的就是您是否知道自己的狗屎。为此,请尽可能地专注于学习,并在时间允许的时间内考虑获得您的CFA

如果您感到舒服,请给我商店的名字,我可以给您意见。

1年
Bananasinpajamas,,,,what's your opinion? Comment below:

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