Most Lucrative vs Safest Path?
Say God actually blessed you and gave you the choice to spend a career as an
MD/Partner inTMTinvestment banking at Goldman
MD/Partner inPEatBX,KKR，apo
pm/props top sm的合作伙伴HF(Tiger cubs, activist places)
PM at a largeMMHFsuch asCitadelor MLP
您将如何在生活方式，兼容和“个人自豪/智力满意度”方面对每个人进行排名？这是我的想法：3、2、1、4。
One of the main drivers of how I ranked them was the good old Agent vs Principal question - the agent makes risk-free money for doing a service, and the principal takes on risk in order to either make a lot, or lose a lot. The principal will generally do better than the agent, in terms of comp. Also I would always choose a job where I am taking risk than one where I am not, that's just how I'm wired & operate. So that explains why I put 3 and 2 ahead of 1. Jobs at those top SM shops are amongst the most sought after jobs one can get in this business, and I would imagine that is because you can A. make the most there, and B. have a nice lifestyle.MFPEalso has nice comp, but the lifestyle piece is weak. I chose option 1 for 3rd place because the comp and lifestyle are nice, but there's no risk in that job. No risk translates to nicer lifestyle/less stress. Choices 1, 2, and 3 all have really good job security too. Now we get to option 4, which I ranked last. There gets to be a point where the agent principal question doesn't matter to me, and I think that point is at theMMHFlevel. Sure, you can make a shit ton of mula quickly, but you can also lose your job just as quickly. Stress is off the charts, and it sounds like a shitty lifestyle. Plus I'm not sure many people find theMMl/s投资策略mentally stimulating...
Let's here everyone's thoughts
Comments (12)
2,3,1,4
I got a boner looking at that list.
If it last 4+ hours, consult a physician. You are welcome.
My YouTube Channel
3,2,4,1与您提出的大多数要点一致，但看到银行业务比任何投资角色都没有意义。
Although I think the ultimate end goal is being a managing partner at your own fund/starting own fund
Fuck banking and fuckPE。荣耀项目管理和推纸纸。唯一真正的答案是三个。
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了解更多God yes thank you it's just PMO + accounting, why does nobody realize this job could be done by anyone with a state school degree and an unending willingness to eat shit 18 hours a day?
Why does this even matter?
HFforum has gone downhill since the recent takeover of college juniors who are obsessed with comp. It's sad because they probably don't even really like stock analysis or they'll burn out inIB/PE。I know several mid-level professionals at top tierPE/HF而且，这都不是对comp或怪异的痴迷。
Honestly, just go do something you enjoy and are good at...
This is a silly question.
谁说成为SM的合作伙伴的人的风险要比在MM。营业额在这些短信你提到的低but that's extremely likely due to the fact that the fund has done well, implying that these partners who probably are putting on risk, have done well for themselves. The same way a PM at Citadel would still have his seat if he did well. You think some of these Partners would still be around if their positions kept losing money? I have no idea, but some food for thought since it seems you're viewing these roles and risks from the lens of an analyst role and extrapolating that to the senior ranks.
Ah - this is a bad take (but very reasonable for someone not at aMMor SM) and plz give me MS so I remember to come back and explain why tomorrow
编辑：从本质上讲，这归结为风险限制。在SM上，错误的余地比千年（即使是PM也不总是在位置上的最终决定权，也会与CIO讨论大职位，如果位置可以归咎于做得不好，如果您在此之前通常做得很好，那么您肯定不会因为下跌5％而被裁员。此外，许多SM基金都是“ beta”中立的，但实际上不是中立因素，因此，通过接触一个因素（例如增长）来赚钱的“更容易”（因为该因素都很好（因为过去十年的增长已经存在）。当然，如果该因素逆转，PM会非常糟糕。
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