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[{"id": "hkxtsfl", "text": "Well (1) apply to asset management analyst roles on the equity side, if you\u2019re young there is a hiring bonanza for analysts right now. Also look at portfolio reporting / valuation teams too, that\u2019s a good place to start too and make a transition to an am analyst role. \n\n(2) portfolio management is a super varied term across different companies. At some firms it\u2019s a senior asset manager overseeing a portfolio of assets usually in one sector (ie multifamily, industrial, hotel\u2026 you get it). If you want that job, work as an asset manager for a long time and you might get promoted to that role. Just be really good with asset level oversight and also make sure you understand the financing / capital markets piece too, a lot of asset managers are lacking in that regard. \n\nSome portfolio managers are more back of house focused - the role at some firms is more overseeing tax / reporting / structuring / ir, with not much investment oversight. To advance in this role people usually come up through kind of COO type predecessor roles where they\u2019re managing people and process. \n\nLastly, some firms have portfolio managers that are fund managers - they are judge, jury, executioner on everything related to the funds investment strategy, beholden only to their firms investment committee and fund LPAC. Sometimes they manage SMAs sometimes they manage Discretionary funds. The role incorporates both of the prior roles (ie oversight of the asset managers, the assets, the back of house stuff, the investor relations) but also has baked in the oversight of what is purchased for the fund, what the deal team should be sourcing and setting the parameters (ie I want $100mm+ apartment buildings in Texas, I like medical office but I have too much exposure in New England so none there) to build a balanced portfolio. People in this role are usually rockstar deal team members first who are next level proficient with the technicals, get the \u201cbigger picture\u201d, have good management skills, and can pitch for $$$. Getting this role usually (but not always) has an MBA involved and a lot of experience at name brand firms, and is not always but most frequently an internal hire / promotion. \n\nGood luck!", "replies": [], "depth": 1}, {"id": "hkxxc4j", "text": "Know excel well. Research various ownership groups and begin networking with folks who work at those firms. Job openings are routinely on LinkedIn and selectleaders.com for asset management and portfolio management type roles.", "replies": [], "depth": 1}, {"id": "hkxxyzz", "text": "Try to move (or help out) within your firm on the investment sales side (assuming the team is selling properties and not mortgages) or investment sales side of companies like CBRE, JLL, CW, AY, etc to get experience.  There, you should be able to gain Argus knowledge as well as grasp leasing/capex/repositioning strategies and get a feel for how properties are managed (or not managed). Argus knowledge is mandatory if you want to be an AM (excl MF, SF, Hotel, and maybe senior living).  Not sure if a certification is necessary if you are already using Argus on a regular basis.  Certification in property management is not necessary unless that what you want to do.\n\nSince you're working on the debt side, in your interviews for AM jobs, you can mention your debt experience and how you can 'add value' on the (re)financing side of their portfolio. Also, start maintaining a transaction/deal list of all the debt/assets you worked on.  It will help you in putting your resume together and referring to acts as ticklers for you leverage in your interviews.", "replies": [], "depth": 1}, {"id": "hky0wdv", "text": "There is no one path into asset management, much like there is no one definition of what an asset manager does, it varies from company to company and even within companies.   The asset managers at my company (a public REIT) have come from a variety of backgrounds including finance,  acquisitions, property management, marketing, development, and leasing.   \n\nThe primary goal of any asset manager is to maximize the long term value of their properties, while balancing near term issues.   As such the asset manager sits at the intersection of most disciplines, and must have a well rounded skill set, so any role that looks at a property as a whole is good training.  I typically like those with acquisitions or finance backgrounds for the job, but most important is a desire to understand everything that makes a property tick, and what ultimately drives the income.\n\nAs an asset manager, I\u2019m not my companies expert at anything other than what my properties need to grow, and how to direct the specialists to fulfill those needs.   I\u2019m a generalist that knows just enough about each discipline to bring the right team together.\n\nAs for the pay, a junior asset manager is typically on a leadership track and the pay should reflect that.   As a full asset manager you are responsible for majors decisions often involving millions of dollars, so the pay can (and should) be very good.  It is also an all encompassing role, and you never stop thinking about it, so the pay should reflect that as well.", "replies": [], "depth": 1}]