The Ephemeral Life of an Emerging Fund Manager

The investment industry has been undergoing massive transformation. Traditionally, members followed a predictable path from graduate school to portfolio manager. Wall Street firms would pluck fresh MBAs from leading business schools, such as Harvard, Wharton, or Chicago, and groom a lucky few for a...

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Bibliographic Details
Published in:	The Journal of investing Vol. 24; no. 4; pp. 102 - 115
Main Author:	Shulman, Joel
Format:	Journal Article
Language:	English
Published:	London Pageant Media 01-12-2015
Subjects:	Business education Compensation Hedge funds Investment advisors Investment policy Investors Professionals Regulation SEC regulations Wages & salaries
Online Access:	Get full text
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Summary:	The investment industry has been undergoing massive transformation. Traditionally, members followed a predictable path from graduate school to portfolio manager. Wall Street firms would pluck fresh MBAs from leading business schools, such as Harvard, Wharton, or Chicago, and groom a lucky few for a privileged existence. Salaries and bonuses were not extraordinary by national standards, but they provided a stable, enviable career. This tranquil path no longer exists. It has been replaced by one filled with unpredictable change and heartache. Many still enjoy a fulfilling, perhaps even extraordinary, career. But survival has been made more challenging with market upheaval, technological advances, consolidation, and excess talent. In order to survive, all investment professionals need to adapt to the changing environment or shift energies to an entrepreneurial paradigm.
ISSN:	1068-0896 2168-8613
DOI:	10.3905/joi.2015.24.4.102