Investment Management Exit Options

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 273121
Joined: Tue Aug 11, 2009 9:32 am

Investment Management Exit Options

Postby Anonymous User » Sat Aug 17, 2013 4:29 pm

So from what I understand, the exit options from a BigLaw investment management practice are basically:

- In-house at fund
- Switch to finance side at fund
- Lateral to firm with investment management practice

Is this right? Anything else? Government options? Public interest options? Are other corporate groups more versatile, or similarly limiting?

User avatar
guano
Posts: 2268
Joined: Mon Feb 18, 2013 9:49 am

Re: Investment Management Exit Options

Postby guano » Sat Aug 17, 2013 4:31 pm

How about F500 companies with large amounts of investible assets?

p1arnold
Posts: 39
Joined: Thu Mar 21, 2013 5:17 pm

Re: Investment Management Exit Options

Postby p1arnold » Sat Aug 17, 2013 5:35 pm

guano wrote:How about F500 companies with large amounts of investible assets?


This. Very possible. Also think pension plans and universities that invest, etc.

Anonymous User
Posts: 273121
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Management Exit Options

Postby Anonymous User » Sat Aug 17, 2013 5:52 pm

Anonymous User wrote:So from what I understand, the exit options from a BigLaw investment management practice are basically:

- In-house at fund
- Switch to finance side at fund
- Lateral to firm with investment management practice

Is this right? Anything else? Government options? Public interest options? Are other corporate groups more versatile, or similarly limiting?


SEC or FINRA.

User avatar
guano
Posts: 2268
Joined: Mon Feb 18, 2013 9:49 am

Re: Investment Management Exit Options

Postby guano » Sat Aug 17, 2013 5:56 pm

Insurance companies have more money than anyone other than banks

$$$$$$
Posts: 221
Joined: Wed Sep 22, 2010 6:08 pm

Re: Investment Management Exit Options

Postby $$$$$$ » Sat Aug 17, 2013 6:05 pm

Depends on what type of IM stuff you are doing. Assuming you mean fund formation and investment placements, your exit options include going to the fund formation side of investment firms, in house counsel, SEC and other regulators.

Pretty much no way you are going from fund formation to a financial role at a fund unless you are getting a CFA or have experience doing investment analysis and have connections. The most qualitative investing is done in distressed debt and equities, and even then your skill set is pretty much useless in those areas coming out of IM at a law firm. However, with deal making experience on the fund side, you may be able to switch to investment banking, but even this is really hard because you won't be working with bankers in your day to day as clients to network.

Best bet is to go to a large private equity firm (think Apollo, Blackstone, KKR) and to learn as much as possible about the investment-side or make connections with MD's at funds that way you can back up your legal knowledge with financial knowledge as well.

Anonymous User
Posts: 273121
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Management Exit Options

Postby Anonymous User » Sun Aug 18, 2013 5:28 pm

Thank you for all the help. I actually have no interest in finance side, but just listed it because I'd heard people say it's been done. What are some of the things regulatory agencies look for in candidates from firms? Highly rated IM practice? Prestige of firm generally? School/grades? How many years of experience do I need before I could start thinking of something like the SEC or FINRA? (I understand that for in-house, 3ish years is the norm -- just curious if it's different for government stuff.)

- OP




Return to “Legal Employment”

Who is online

The online users are hidden on this forum.