How many fish work at a mutual fund? What do you like about your role? What do you dislike?

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Positives:
Very interesting work if you like learning about companies and the way things work. Get to meet CEOs/CFOs 1x1 at a very junior level. Comp is pretty good at most levels for good firms (not crazy high, but same for hours).

Negatives:
Comp is based on your performance, but also the fund’s performance (I can only control the former). Unlimited amount of work vs project-based roles like IB results in a feeling of always being behind and never complete. Worried about long-term sustainability of low-tech fundamental investing (or at least think comp compression is in the cards)

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Huge universe of stocks to cover and potentially invest that’s why unlimited

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Can you elaborate on “unlimited work?” Does this come in the form of constantly updating models, repetitious earnings calls, etc.? Also, what does a typical bonus in a good, decent and poor year equate to? Lastly, what do you cover? (E.g., domestic large cap, sector, etc.)

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Amazing place to be when on an investment team. On that note, be cautious about the scale of overall business. The stage is set for big wave of acquisitions/mergers all across the industry.

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I’m also very interested in lifestyle, too. I work in a product team within the private bank, so the work/life balance is unreal. Would love to maintain that. What’re the average hours?

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