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      10X Investments

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      Portfolio Manager Interview

      15 Sept 2025
      Anonymous interview candidate
      Cape Town
      Declined offer
      Negative experience
      Average interview

      Application

      I applied online. The process took 2 weeks. I interviewed at 10X Investments (Cape Town) in Sept 2025

      Interview

      After 2 weeks and 5 hours in total of interviews over 3 rounds, the company pulled a bait-and-switch. * The role was suddenly restructured into an *independent contractor* engagement. * Pay was capped at their internal employee salary bands (they assessed me at more than 60% less than what I believe is fair market rate). My consulting rate is 1.8 times market rate. * Insisted on full time engagement and strongly pushed for in-office presence in order for me to "mentor and train juniors" * Insisted on exclusivity - no other clients in my industry plus requirement to disclose other work * Dangled possibility of a discretionary bonus contingent on vague deliverables, and capped at 50% of their low-ball offer * No initiation fee plus month-end payments... so I carry all cashflow risk So effectively: - no security or full-time employment benefits - no pricing power or consulting upside - all the restrictions and obligations of BOTH!

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