Thanks guys, thats great advise! I had an interview today for an entry level job in fund accounting, went well I think.... I was also wondering if anyone has gone from fund accounting into fund management?
It depends on what you mean by fund management - if you mean the stock picking / trading / london wide boy type fund management then I would say no
Being a "London wide boy" trader is a long way off being a highly sophisticated fund trader.
I do think though that much of my problems lay with that first job and how it pigeon-holed me.
A friend of mine is a Fund Accountant. He does not have a business qualification (or any qualification for that matter.)
It's a fine job for someone like him - not too ambitious, doesn't really know what he wants to do with his life.
He says the work is very boring (it's a glorified admin job, basically) but the people who work within the industry are good craic so he enjoys the job.
I think for a first job, it's a good choice. From what I've heard I wouldn't want to make a career out of it...
You will find the role is anything BUT a glorified admin role. I think without any other info than "a friend is a fund accountant" what you have posted is very misleading.
Does this person calculate The NAV of a fund? Deal with investment managers? brokers? investors? Deal with complex securites products? understand how and why they are traded? Have knowledge and apply accounting principles? double entry? balance sheet? Investigate and anaylse reconciliation breaks and return discrepenacies?
I doubt very much that a "glorified admin role" describes someone who is performing the above - maybe they work for a company involved in funds as a secretary?
Not being ambitious can apply to any entry level role - I would happily employ soemone who wants to stay at that level for 10 years at the same time as someone who wants to progress, provided they have the necessary inclination to understand the basics.
Paddy
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