AQR Capital Management

Business Development Associate – U.S. Institutional

GREENWICH, CTPosted 30+ days ago

Job summary

  • Job post source

    This job is directly from AQR Capital Management

  • Job overview

    The Business Development Associate – U.S. Institutional at AQR Capital Management supports the US Institutional team by developing new and maintaining existing client relationships to expand the firm's presence.

  • Responsibilities and impact

    The role involves identifying new business opportunities, strengthening client relationships, collaborating with senior managers, understanding AQR products and competitive landscape, contributing to business strategy, customizing marketing materials, and engaging with investment teams with expected travel.

  • Compensation and benefits

    The salary range is $170,000 to $190,000 with eligibility for an annual discretionary bonus and benefits including paid time off, medical/dental/vision insurance, and 401(k).

  • Experience and skills

    Candidates should have an MBA, 1-2 years of sales or client relationship experience in financial services (preferably asset management), strong finance and investing knowledge, excellent communication skills, and an entrepreneurial mindset.

  • Career development

    The position offers growth through involvement in business strategy, new product development, and exposure to senior investment professionals in a collaborative environment.

  • Work environment and culture

    AQR values academic excellence, intellectual honesty, collaboration, transparency, and openness to new ideas in a highly intellectual and dynamic environment.

  • Company information

    AQR Capital Management is a global investment firm known for combining financial theory with practical application, leading in alternative strategies and traditional portfolio management since 1998.

  • Team overview

    The candidate will join the US Institutional team within Business Development, working closely with senior members to build client relationships.

  • Unique job features

    The role is distinguished by its high visibility, frequent interaction with sophisticated investors, involvement in strategic business initiatives, and meaningful travel requirements.

Company overview

AQR Capital Management is a global investment management firm known for its quantitative approach to asset management. The company leverages data-driven strategies to manage investments across various asset classes, including equities, fixed income, and alternatives. Founded in 1998 by Clifford Asness, David Kabiller, Robert Krail, and John Liew, AQR has grown to become a prominent player in the hedge fund industry. The firm generates revenue through management and performance fees, catering to institutional investors, financial advisors, and high-net-worth individuals.

How to land this job

  • Craft your resume to underscore your MBA credentials, client relationship management experience, and deep understanding of finance, statistics, and investing theory, aligning closely with AQR's emphasis on intellectual rigor and practical application.

  • Highlight your ability to work both independently and collaboratively, your entrepreneurial mindset, and your communication skills, as these are critical for engaging with sophisticated institutional clients and supporting senior relationship managers.

  • Apply through multiple channels including AQR Capital Management's official careers page and LinkedIn to maximize your chances of being noticed by recruiters and hiring managers.

  • Connect with current members of AQR's US Institutional Business Development team on LinkedIn; initiate conversations by referencing recent AQR initiatives or asking about the team’s approach to client engagement and new product development, demonstrating your genuine interest and proactive attitude.

  • Optimize your resume for ATS by incorporating keywords from the job description such as 'business development,' 'institutional clients,' 'investment management,' 'client relationship management,' 'MBA,' and 'financial theory,' ensuring your resume passes initial automated screenings.

  • Leverage Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple application portals, and discover LinkedIn contacts within AQR, freeing you to focus on networking and interview preparation effectively.

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