I am a rising senior at at non-target majoring in STEM who has recently started a back office internship in a small Asset Management firm. When I was interviewing for the internship, I was led to believe that if I finished a set of back office work, I could do more "interesting" front office work, ...
|5||2 min 12 sec ago|
Hi guys. I'm looking to get some general indication of answers to these questions. Would really appreciate help from anyone in the industry. - Are bond indexes used for anything but benchmarking investment performance? - What percentage of a bond portfolio is typically actively managed? - Main info...
|0||4 hours 41 min ago|
Im currently an undergrad weighing out career choice options. Im trying to figure out if its possible to get into PB straight from undergrad while making my own book. If it is how would one do so? Is it as simple as doing a couple of internships in pb or pwm and then going from there or is it more c...
|0||16 hours 23 min ago|
I notice a theme that people rank active funds higher in terms of prestige rather than passive funds. Why is that? Why bust your balls coming in at 6 AM, leaving at 9 PM, when you can follow the index, go golfing during the day, and still have 4% better returns year on year? Why should passive-drive...
|7||1 day 1 hour ago|
Almost everyone young i know avoid funds with huge costs. They only go for passive or very low cost funds. This makes me wonder if AM can really survive (over a generation), if the younger people keep moving towards low-cost choices. Obviously if you are a complete baller and getting 30%> per yea...
|10||1 day 3 hours ago|
I am a rising junior at a top 50 undergrad Business school. I have secured a BB internship for this summer through a close family member. I currently have a 3.3 CUM GPA and a 3.6 Major GPA. I am a business major concentrating in both finance and accounting. I am wondering how I am doing in terms of...
That one guy111
|6||1 day 5 hours ago|
Don't have an offer yet, but I am a recent graduate and will be interviewing with a family office investment advisory firm that deals with UHNW multi generational families, endowments, and non profits. Don't have any other offers as of now, and the recruitment process initially started with a head h...
|4||1 day 5 hours ago|
News Flash, more regulation. March of 2017 RR's and RIA's are legally liable for mutual fund losses for qualified IRA monies unless their is undeniable proof that (said investment) choice was THE best and ONLY option for the client, which is never the case because there are literally millions of inv...
|9||1 day 8 hours ago|
I am a rising junior at a non target school interested in Asset Management. What should I do/ study to get and land interviews for internships for summer 2017. ...
|11||1 day 13 hours ago|
I'm planning to apply to UvA for a Msc in econ and want to gain an understanding of what the Dutch job market is like and how hard it is to break in to. I have completed all three levels of the CFA program and have 2+ years in sell side ER. Planning to learn Dutch but i doubt if i can acquire busine...
|2||1 day 15 hours ago|
I have an interview coming up for the above role but I'm not entirely sure what the role entails. I'm also curious as to what the pay might be like? Any ideas? ...
|0||2 days 1 hour ago|
I am an undergraduate student looking to go into Asset Management, and I wanted to get some insight on the culture/lifestyle/hours at different AM firms. The most important thing to me is that I have a good work/life balance...I don't mind working a 70 hour week every now and then, but I don't want ...
|4||2 days 17 hours ago|
Hey everyone, I recently got an interview for a treasury analyst position at a major AM. The reason I decided to ask about it even though I haven't gotten a offer is that I've never thought about going into treasury. I am currently in a middle office at BB as a control function, but what's unique ab...
|1||2 days 20 hours ago|
Can anybody give me any insight into Merrill Lynch's PMD program? I'm currently going through the interview process but not sure it is something I want to do. How much training do they really give you? What is the starting salary like while you go through the training? Are you basically just col...
|10||3 days 2 hours ago|
Hello everyone, this is my first post...I have been interviewing for the role of internal wholesaler. my background: I am 3 years 7 mo in my role as a client associate and fully registered including insurance licensed. I was wondering if anyone can give me some helpful pointers to differentiate me...
|3||3 days 2 hours ago|
I have been searching for AM institutional sales opportunities for kids straight out of UG. Other than an Internal Wholesaler(I know IW is retail sales, but is there an IW type role for insti. sales), what type of roles exist at places like BlackRock/PIMCO/CAPgroup? ...
|1||3 days 2 hours ago|
Hello Everyone. I realize there are a few threads out there that deal with this already. But none to my knowledge goes that deeply into what I am looking for. 1. How difficult is Asset Management to break into than IBD? Everyone I know is always gunning for the BB Investment Analyst role and then s...
|9||3 days 8 hours ago|
Currently a sales and trading summer analyst at a BB. I want to possibly go into buy-side after graduation instead because I like how you're more compensated and measured by the performance of your ideas. Advice??? Do you learn as much on buy-side during first few years? What are exit opps like in ...
|0||3 days 19 hours ago|
Can someone shed some light on the day to day of someone in Cap intro, compensation, and future opportunities? ...
|0||4 days 4 hours ago|
I have been playing around with some statistical arbitrage strategies, but have had some difficulty backtesting them. I have used Quantopian which appears to be my favorite so far, but I have also tried to use Oanda with a forex platform built in python with little success. What are some of your fav...
|1||4 days 7 hours ago|
German bunds just hit 0%. How does that work exactly?http://thestockmarkettoday.com/german-10-year-bund... Suppose I have $100 of bond with a coupon of 2%. If the current bonds sell for 1%, I double my money. My bond is now worth $200 in the market. If the current bonds sell for 0.1%, my bond would ...
|4||5 days 12 hours ago|
Greetings, I just accepted a position for a back office front office. I know that making this switch is a seriously daunting task, and many fail at getting it done. Does anyone have any tips or insight as to how I can make this happen? I'm willing to go to as many networking events as needed and ...
|14||5 days 18 hours ago|
Hey, everyone! I'm new here and looking forward to learning from all of you. I'm mainly interested in AM/PWM, so I was hoping to find out more about when BBs begin recruiting for AM/PWM for entry level positions (class of 2017). Is it similar to the Jul/Aug IB timeline or later? Thanks for any help...
|0||5 days 18 hours ago|
Hello Monkeys, I am a long time reader, first time poster in this forum and any insight would be appreciated! What is the presence of Citigroup, Lazard, and UBS in Chicago compared to NYC? Preferably within the AM divisions of each. Hours, team structure, level of Sr. leadership presence, and upw...
|0||5 days 21 hours ago|
Currently working in AM at a BB in a non-NYC location (think Salt Lake City, GS or Charlotte, BAML/WF) and was asked to move to NYC to be with the rest of the team. My question is for anyone else who has done this, what kind of negotiations were able to made regarding salary, relocation package, et...
|1||6 days 6 hours ago|
BlackRock is rolling out its messaging platform hoping it can be the new way to communicate on the Street. The platform is Symphony and it has received $100 million in funding last year. It appears that Goldman uses it the most, but besides that it's not very popular. Financial firms have always loo...
|0||1 week 15 hours ago|
I know starting your own investment fund is a dream of many but I was wondering if anyone on here could give me feedback on the trials/tribulations they faced when they went out on their own? What was the most difficult part? Is it even worth it to attempt, let alone have this "dream?" How long did ...
|1||1 week 5 hours ago|
I've been searching for information on BlackRock's FMA division, excluding what is already posted on their website. Haven't been very successful at finding anything on WSO about this field. Can someone preferably with experience provide an overview of the responsibilities? How similar is to investm...
|1||1 week 9 hours ago|
Hey guys so just to introduce myself I am currently going into my 3rd year at Laurier (in Canada) and also got into the co op program, I want to go into Asset Management. My co-op program consists of 3 terms (4 months each) that alternate with school. So when searching for my first co op job, i didn...
|0||1 week 1 day ago|
Just curious about who the big players are, how to go about getting into one of these firms. Currently an intern at a big physical ag trader, looking to get into the paper side. ...
|1||1 week 1 day ago|
Hi Everyone, I'm moving to NYC next year and I just wanted to get some views on salary expectations. I only have a years experience which I think will hinder my job search but just looking to get some rough estimates as to what I can expect salary wise in NYC? ...
|2||1 week 1 day ago|
Looking for a JPM report published recently. Would be willing to trade something in return. Thanks ...
|4||1 week 1 day ago|
It has been covered on this forum what some of the best US funds are: e.g. Dodge & Cox, Capital Group. I wonder if someone could tell me what are the best funds in London. To be specific, I am not looking for big names such as BlackRock or Fidelity, rather for smaller op (Boutique) funds. Extra ...
|1||1 week 2 days ago|
The Wall Street Oasis Asset Management Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the asset management industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please...
|0||1 week 2 days ago|
Hi all, there are a lot of big asset manager (as BlackRock, axa, PIMCO..) which have a blog where post new investment ideas, new sector view, ecc. I am interested in finding blog where these asset manager review the asset allocation and change it in relation to the market (weekly, monthly) Then i a...
|0||1 week 3 days ago|
Are there any differences between the calculations of Portfolio Value Vs portfolio total value. thank you ...
|0||1 week 3 days ago|
Does anyone know more about what fee consulting entails? Is it possible to grow into an investment role? ...
|0||1 week 5 days ago|
http://www.bloomberg.com/news/articles/2016-06-03/... Found this quite interesting. There still seems to be a NYC-is-on-top-of-the-world and the rest are second tier notion going around. I like it when the pension funds started pulling money out. Its always the clients who truly know the stars. Its ...
|3||2 weeks 1 day ago|
Long time lurker, first time poster here. I have recently accepted a job as a Performance Analyst at an Investment Consulting firm. I'm pretty excited for this opportunity, seeing as I just graduated undergrad. My job responsibilities will include assisting in Manager research and reconciling monthl...
|1||2 weeks 1 day ago|
What is the approximate compensation package for senior FSR associates at PwC? Is 110-130k too much to ask for? ...
|1||2 weeks 2 days ago|
Hi all, What advice would you give to someone trying to step over to AM from IA (low percentile IA shop) in London? Background: US and Asia education - MSC Finance - Washington University in St. Louis and Singapore Management University. 3.9GPA. CFA 1 (likely CFA 2 in a few months) but no relevant i...
|0||2 weeks 2 days ago|
I'm looking for anyone with experience either personally or through connections to give a run through of some of the top PWM firms (Goldman, ML, JPMorgan, MS, Deutsche, UBS, Credit Suisse, Citi, any others I forgot). Specifically I want to know how their teams are set up (how many analysts, associ...
kenny powers 55
|9||2 weeks 3 days ago|
I'm interested to trying to get into PB/PWM at JPM and curious as to what would be the best way for me to try to get it. My situation is that I go to a non target school but I have a bit of work experience. My work experience will be three internships with two large companies, one including a GS ope...
|5||2 weeks 3 days ago|
Hello, I have an interview soon for an associate portfolio manager at a large asset manager. What kind of interview questions should I expect? Also, what would a "day in the life" look like? Thanks! ...
|7||2 weeks 4 days ago|
Hey guys, I was wondering if you guys know an excel template where I can manage a virtual portfolio? I want to see the performance of each equity that I will "invest". Thanks ...
|1||2 weeks 4 days ago|
Why is wealth management/financial advising looked down by most people on Wall Street? It's one of the highest revenue generators for the banks. I understand it's a glorified sales position when starting out but after you've built your book, you pretty much have full control of your clients assets o...
|33||2 weeks 5 days ago|
Hi everyone. Couple of quick questions: 1. Do asset management firms hire people without MBA? 2. Do they hire foreigners? I have over 10 years' experience in finance, but never worked for US companies. Is that bad? :) Thank you! ...
|2||2 weeks 5 days ago|
I just finished my junior year and I'm interning fro GSAM right now. I went a state school and my GPA is a 3.7 I really want to work for Boston Consulting Group but I realized that they don't really take state school students. Will my GS internship help me land a full time offer with BCG or are they...
|1||2 weeks 5 days ago|
Hi guys, looking for some help here.. a bit of a background first.. I attended uni in Asia studying engineering, and then completed a Masters in Fin from Europe. Came back to my home country (in Asia) post Masters (wrong time to graduate in EU - 2012), and found a job providing valuation services to...
|1||2 weeks 6 days ago|
Dear all, I am lucky enough to land a summer equity research offer at Fidelity International Hong Kong office. Thanks everyone for your great posts. I will be given a few sector teams to choose from. I was told by my friend that most of the attractive teams have already been chosen, so not many left...
|2||3 weeks 6 hours ago|
Heard that some top mutual funds dont like to hire from the sell side, and prefer undergrads from targets or new mbas? I wanted to know if that is true? ...
|2||3 weeks 2 days ago|
Hello fellow primates. This is my first post on WSO. I've done lots of searches on this site and elsewhere on the web concerning this topic already and I've found very little information concerning salary and bonus levels for Private Banking, specifically at JPM as you move up the ladder. I've been ...
|194||3 weeks 2 days ago|
Hello fellow monkeys, is anyone aware of any source for some great strategy/asset allocation/macro picture reports. I know most the banks have economic reports widely available however I am looking for something that puts the rubber to the road in terms of turning those macro themes into investment ...
|1||3 weeks 2 days ago|
Might be a stupid question, but I have access to all the schweser prep books for CFA from around 2009. From a strictly technical standpoint (ie financials analysis vs regulation), would I be safe starting to use them to study before I fully commit to the L1? Just started as an IB analyst and want to...
|3||3 weeks 2 days ago|
I was arrested 6 months ago for DUI but the DA has not charged me. I have series 3, 7, 63 and 65. Can I change employers or will FINRA hold u moving me licenses? ...
|1||3 weeks 2 days ago|
I was wondering if anyone has heard of this off-balance sheet, real estate Asset Management firm, supposedly a newly formed branch of Oaktree Capital. No idea what the interview is supposed to be like (applying as an Intern), anyone heard of them, or can provide some insight? ...
|3||3 weeks 2 days ago|
anyone have any info on this firm as far as culture, comp, exit opps, etc? i have a first round interview for an analyst position but i couldn't find much about them on here. ...
|4||3 weeks 3 days ago|
I read online that you can set the difficulty (easy,medium,hard) for the questions you receive on the schweser qbank quizzes you individually create, but I can't seem to to find that option. Where is that supposed to be? ...
|1||3 weeks 4 days ago|
|24||3 weeks 4 days ago|
I will begin my senior year this fall and am pursuing a career in AM with the goal of becoming a PM. I was hoping to get some feedback on the importance of a CFA for PMs and for rising within AM in general. I have gotten a lot of conflicting input on this topic as well as whether or not to begin stu...
|7||3 weeks 4 days ago|
First time posting here so let me introduce myself. I am from a private non target school majoring in economics and finance, GPA is a 3.0 and I am going to be a junior next year. I have completed an internship as a Risk Management intern at a insurance firm earlier this year and am currently an aud...
|1||3 weeks 6 days ago|
I recently began an internship at PWM firm, but it only lasts until the end of the summer. I want to start a brokerage account with another firm, but don't know if I have to report it if I'm only an intern for the summer (per rule 407). Any insight on this? ...
|2||4 weeks 1 hour ago|
Hey guys so i am currently at Wilfrid Laurier University (in Canada) and am in the co-op program as well (3 co op terms, 4 months each) . I tried finding an analyst position for my co-op/internship but was unsuccessful in doing so for this term, guessing this is because i haven't had much experience...
|2||4 weeks 1 day ago|
Hi, I was wondering if anyone can shed some light on what are some of the uses for reference (terms and conditions) bond data ? Thanks ...
|6||4 weeks 1 day ago|
Hi, I'd like to seek some career advice. I started my career in a BB and moved to a buyside long only as an equity analyst two years ago. There're two opportunities now. 1. a generalist role at a top 3 pension fund, based in their HK office 2. a sector specialist at a Sovereign fund in Abu Dhabi, ba...
|0||4 weeks 1 day ago|
Hello WSO community, Does anyone know the specific groups within the Wealth Management Division at Merrill Lynch? I'm not finding too much information online. For example, some specific groups within PWM at Goldman Sachs include Regional Management, Equity solutions, Strats, Private Lending, Strateg...
|11||1 month 23 min ago|
To those in the field of Asset Management/Wealth Management. I was wondering if anyone could shed some light on how they made the jump from analyst to PM/RM in the wealth management field. I'm a fairly recent college grad, and currently an analyst at a boutique wealth management firm and I'm plannin...
|5||1 month 4 hours ago|
Hey all, I'm a high school senior who will be attending Wharton in the fall and I'm looking for advice on how to get a job/internships in Asset Management, specifically one in equity research. I've seen some internship opportunities, but it seems like there aren't nearly as many available as there a...
|6||1 month 1 day ago|
I just started my internship in corporate/investment banking at a MM in NY and although its early, I don't believe this is the right path for me. I've started looking into for full-time roles in asset managementas I like the structure of these programs more. Does anyone have any knowledge on AM fu...
|0||1 month 2 days ago|
I am indeed a med school dropout. I need that Wrong Way post more than the chimp who posted that, perhaps. My friend in finance (actually the only person I knew in finance) is dropping high finance for nursing. More power to her. I'm female, incidentally. Can you evaluate my plan below? Suggestions ...
|3||1 month 2 days ago|
What is better for a hedge fund career, MS Finance or MA Economics with a BS Economics from state school? ...
|4||1 month 3 days ago|
Recommend your favorite consultant for breaking into Asset Management postbaccalaureate! I am local to D.C. (D.C. preferable) but travel to NYC not a problem Please see my related content in IB forum, particularly "Med School to IB?", of May 27, 2016. ...
|1||1 month 4 days ago|
Does anyone know more about the career path , growth and long term potential of beung a Performance Analyst in Hong Kong? What I am looking for is to perform attribution analysis, performance calculation and reporting stuff and probably GIPS at a higher level. I wonder if there is a good prospect in...
|1||1 month 5 days ago|
It seems like there is a lack of content on WSO outside of the IB and PE forums on here. I would guess that this is because of the site's general focus toward IB, but I also noticed that are no WSO ER or AM guides? Personally, I would definitely get them if they were available but I guess there isn'...
|77||1 month 1 week ago|
Hey everyone. I'm a rising freshman at NYU Stern this fall. Lately when trying to consider what aspects of finance I would be interested in trying to pursue, I've been interested in trying to break into AM. I have a few questions: 1. I know Stern is a powerhouse for IB, but does anyone know of its N...
|3||1 month 1 week ago|
To some I may seem naive and to others just lost in terms of what to do, and I'd agree on both of those claims but here I am anyway. I'm currently a student double majoring in finance and business economics with a 3.84 gpa from a non-target private college. I'm pressed for time considering I'm alrea...
|3||1 month 1 week ago|
Hi, I currently am working in a back office Ops role and a position just opened up in Client Service. I am contemplating if I should apply or not. Positions don't open up very often at my firm and I feel like this is a good opportunity. I enjoy my current role and it is very easy to get comfortabl...
|8||1 month 1 week ago|
Hi guys after applying to alot of front office jobs, I decided to apply for back-office internships, and have managed to secure an interview for this week. Now the job description seems somewhat vague, and I haven't been able to gather much information, but was hoping for any advice. The role states...
|1||1 month 1 week ago|
Hey, I haven't really seen much pay scale info for Bulge bracket bank Asset Management pay for the 1st year out of undergrad. Any body have an idea what base and bonus looks like for the first couple of years? Thanks ...
|15||1 month 1 week ago|
What are the best AM firms in Toronto for fresh MBA graduates of top Canadian B-schools? ...
|0||1 month 1 week ago|
Hello All! I'd be interested in hearing from folks who work within the Controller's group inside Asset Management and private firms. I currently work within portfolio valuation at a Big 4, and I'm considering making the switch from Big 4 (ie, the services side) to working in the valuations/Contro...
|0||1 month 1 week ago|
I've been doing this unpaid internship at a small Asset Management firm for the past few months. I have prior work experience but wanted to 1) help out the firm and 2) to get a good reference. However, lately, I've noticed the boss doesn't like me b/c I seem to have a lot of views about the market/i...
|9||1 month 1 week ago|
I have an interview at a well known independent Asset Management firm for a Product Manager role in the company's alternative investments team. Currently in equity research with a long term goal of becoming a portfolio manager. Been in research for a little over three years now covering FIG. The dow...
|4||1 month 1 week ago|
Hi folks. I graduated this month from a humble state university in a totally not finance oriented city in the USA. My finance internships on my CVs aren't with heavy hitters either. I recently got a call from a company with ~3 people that is in the Asset Management field and has a few million in A...
|11||1 month 1 week ago|
Anyone at Citi Private Bank superday last Friday? ...
|5||1 month 1 week ago|
Can anyone provide me info on what this group is like and what the work entails? I can't seem to find anything online. Also, any insight on how the interview process would also be incredibly helpful. PM me please! Thanks! ...
|11||1 month 1 week ago|
I am now a SS equity research analyst completing my 2nd year stint in a regional place in Europe. Time to go to the buyside - for some personal reasons I had to postpone the decision - for which I have some opportunities - always in fundamental equity - in some big funds (several hundred billions i...
|3||1 month 1 week ago|
|0||1 month 2 weeks ago|
What's up Monkeys. I was hoping to get a little advice as to how I could best position myself to enter an AM/HF/ER firm given my unique background. So I'm a bit of a late bloomer, didn't start (no name) college until I was 25 (29 now) and didn't really know what I wanted to do long-term until abou...
|3||1 month 2 weeks ago|
I am looking for view points and shared experience working in this sector, please share yours. THX ...
|3||1 month 2 weeks ago|
Where would one go to find a bond prospectus or offering memorandum? I have been tasked with finding either or both of these documents for three different new issues. No luck so far with company investor relations pages or combing through their most recent SEC filings. Please help! Thnx ...
|1||1 month 2 weeks ago|
Hey all. I am thinking about doing a masters degree in the UK (I am American) for various reasons (money, time etc). However, my grades are not good enough to get into the top tier schools (Cambridge, Oxford, LSE, St. Andrews). I was just curious as to your thoughts whether or not firms (national ...
|2||1 month 2 weeks ago|
I currently work at an AM that isn't a very recognizable name in the space, but has a very strong name for elite IB (Evercore, Lazard, etc.). I'm interested in learning some of the exit opps for AM besides other AM shops and hedge funds. My minor worry here is that I'm not in an entirely investing ...
|6||1 month 2 weeks ago|
|0||1 month 2 weeks ago|
I'm interested in becoming a stockbroker. I am NOT talking about trading. I want to sit at a desk and sell stocks. I'm currently a high school Junior. What are the steps to becoming a stockbroker? Does one HAVE to go to an Ivy League college? ...
|22||1 month 2 weeks ago|
I have met someone who (independently) studies for the CFA (level 1) with the goal to strengthen his profile, in order to move from his work as an engineer to finance/banking. However, he did not have a very clear idea of how the CFA would help him. -Is there anyone who could provide me some insight...
|4||1 month 2 weeks ago|
I was looking at a internal wholesaler position at Cap Group and was wondering if anyone had any experience in internal wholesale at Cap Group or another company like AB or Blackrock? From what I gather it involved pitching their funds to financial advisors and pwm firms. Is that right? Is it mostly...
|13||1 month 2 weeks ago|
Currently have an product manager interview request at a well-known asset manager in their alternative investments division. I am currently a writing analyst in ER. Long term, I am interested in switching to the buy-side in an investment role (analyst or PM). Do you think product manager would give ...
|0||1 month 2 weeks ago|
I work at a large MF in the Northeast as an internal wholesaler. For those of you who don't know what that is, it's basically inside sales. I make outbound dials to financial advisors to sell them our mutual funds among other things. I have over 4 years of work experience and am going for Level II o...
|81||1 month 3 weeks ago|
I am starting to look more and more into a career in Asset Management. I was wondering if people knew anything about these three firms: The Royce Funds, Harris Associates, and Dodge & Cox. I can tell what their strategy is from their websites, but does anyone have insight into their culture? Do ...
|2||1 month 3 weeks ago|