I recently received an offer from a small buy-side firm. It's a settlements administration job. My current job is in equities operations where I work on the trade life cycle in between execution and settlement. The new role will allow me to continue this plus doing fixed-income and futures booking a...
|1||1 hour 2 min ago|
Got an interview from HR to set up an interview for a position in this group (See link below for job descrption). Anyone know anything about this group? Currently in an MM IB analyst program and looking to make the move into a more market oriented role with long term aspirations in the HF/AM space. ...
|1||8 hours 48 min ago|
Can someone elaborate on BB asset management firms? For example, JPM manages money for institutional clients. So are they considered buy-side or sell-side? Do undergrads have an opportunity to work as an intern for the fund management or only in sell-side equity research? ...
|1||12 hours 52 min ago|
Hello everyone, Can you please share your experience on which materials are better for preparing for CFA Level 1. I have 100 days left before the exam and I want to prepare as productively as I can. Thank you! ...
|12||14 hours 43 min 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...
|0||22 hours 2 min ago|
Hello, I am completing my freshman year at a business school in Canada and got two interviews at relatively small asset management firms in Toronto. I got these interviews from cold calling and emailing, etc. Anyways, I'm just looking for advice on what to expect at an interview. I know I am a fres...
|4||1 day 3 hours ago|
Hi guys, I recently went for an interview for a middle office role (fund analyst) at one of the largest banks in Canada. I currently work at a global Asset Management company in the back office (fund accountant). The company got back to me within a few days with an offer. However, here are the cavea...
|6||1 day 3 hours ago|
Founded in 2007, the company(long-only) has grown from $100 AUM in 2010 to around $1bn today. I am relatively young in my career, and I wanted to know what things to watch out for when joining something like this? I know a big name firm doesnt exactly give you better job security, but what can be p...
|2||1 day 12 hours ago|
Would you rathe get a position as an external wholesaler with a shrinking fund family (still top 30 but let's face it a lot of long only shops are hurting) or a position as a senior internal at a rapidly growing large fund family that offers passive. External would pay more initially but the territo...
|0||1 day 21 hours 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'...
|64||2 days 14 hours 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...
|77||2 days 21 hours ago|
hey guys, i am currently going to enroll in columbia univsersity for my bachelors and i am majoring in economics, i always wanted to work on wall street. I have been for as a project manager for 6 years now since i was 16 and want to land a great paying job on wall street as maybe a portfolio manage...
|1||3 days 5 hours 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...
|12||3 days 12 hours ago|
Hey guys, I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Has anyone interviewed with either...
|6||5 days 8 hours ago|
Is it too late to start studying for level 3? I've already signed-up but have yet to really crack open the books. I am also starting a new job next month. Does it makes sense to even attempt it at this point? ...
|14||6 days 14 hours ago|
I'll start by saying I am currently an FA with one of the big wirehouses but have contemplated going independent for a while now. I'm at the point where I know this is what I plan to do and intend to execute that plan in the next 4+ months. I have been an FA for a little under 2 years now and my AUM...
|15||1 week 3 hours 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 ...
|11||1 week 12 hours ago|
Curious if anyone knows the PWM/PB/RIA industry in Florida. Obviously a lot of money is migrating there from the northeast as older folks retire. Does anyone have a good understanding of the job market in Florida for the PWM/PB/RIA industry? A lot of demand? Lack of supply/talent? If analysts genera...
|4||1 week 12 hours ago|
Hi Everyone, I am trying to calculate spread-implied probabilities of default (POD) for the iTraxx Xover index and compare with actual, realized default rates to analyse the correlation. I'm using the spread/(1-Recovery Rate) formula to determine approximate PODs. Today Xover is trading at 302bp, an...
|8||1 week 19 hours ago|
Hi All, I have a final round interview coming up with a small, but growing RIA for an entry level analyst position. I have been informed that there will be a "case question" in this round of the interview to see how I think through a problem. What kind of question can I expect? ...
|9||1 week 3 days ago|
I am soliciting opinions on two opportunities I have that are apples and oranges in function. 1st opp is a first year external wholesaler with a top 25 fund family. The territory is tbd as well as channel (though probably independents). Higher starting salary but I have long term concerns with margi...
|6||1 week 3 days ago|
Hey guys, So im in my first year of uni at the moment in the UK and will be applying to internships later this year and ive been doing some research into Asset Management recently and its really taken my interest as a career path and in the long term maybe working my way up to becoming a Portfolio ...
|0||1 week 3 days ago|
So I applied to an Investment Analyst position in KKR Prisma, the hedge fund solutions division of KKR. I sort of just speculatively applied and I don't really have any background in finance being a Stats/Comp.Sci. double major. So do you guys have any suggestions on preparing for the interview? ...
|6||1 week 3 days ago|
I would like to get some advice one my current offers. I am a senior at the University of New Hampshire. I currently have an offer for financial services audit at a big 4 ($57,000) and an offer with a smaller PWM firm $6B AUM ($65,000 + $6-$12k bonus). My major is Accounting and Finance with a minor...
|16||1 week 3 days ago|
long time lurker, first time poster here... currently trying to decide between two junior year internships. -The first is a BO job at a top Asset Manager (think BlackRock, vanguard, SSGA) where the work sounds essentially meaningless, but the guy I interviewed with insisted that internal mobility wa...
|1||1 week 4 days ago|
I was wondering if someone could provide me with a list of the most reputable private banks in the US and in Canada? I have been doing a lot of research, but am having a hard time differentiating between something like JP Morgan PB and Goldman Sachs PWM. Ultimately, I want to be going into the PB i...
|6||1 week 4 days 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? ...
|20||1 week 4 days 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 ...
|1||1 week 5 days ago|
I recently started working at an investment management firm and they are requiring me to submit fingerprints to FINRA. I was wondering how common is it for an undergrad analyst to submit fingerprints? Have others had to get this done as well? ...
|7||1 week 5 days ago|
Posted w/o comment:http://www.bloomberg.com/news/features/2016-04-20/... ...
|1||1 week 5 days ago|
Hey monkeys, I'm interested in learning more about and developing my own quantitative model to help predict future returns on indexes, currencies, derivatives, or individual stocks. I have a firm grasp on multivariate regressions and advanced hypothesis testing (Significant difference in mean retur...
|0||2 weeks 8 hours ago|
I'm going to be interning at a BB firm's Asset Management division this summer. I was wondering if anyone from the industry could tell me about the dress code their offices have (ideally FO). I'm having a tough time figuring out exactly what to expect, whether it's all suit and tie or is more busine...
|7||2 weeks 18 hours ago|
Umich (LSA) econ & Georgetown econ, which should I choose for graduate studies? I am a little afraid of the cold weather and the remote area of Umich. In Umich, I will have fall semester and winter semester in one year, being free from April to August. I wonder if I am able to find internships ...
|3||2 weeks 1 day ago|
As per the title, let's say I have AM offers as a graduate level analyst from BlackRock and JP Morgan Chase, and also an internship at Man Group. I've read reviews online that state it's harder to move up the chain if you start at the bottom of a hedge fund than if you start at a BB firm then transf...
|6||2 weeks 1 day ago|
Hi all, I was wondering if anyone had information regarding outsourced CIOs? Are the skills developed in that position directly transferable to Private Equity? How does the job compare to other groups in the industry such as wealth management (or as stated above PE)? Any advice is appreciated! ...
|2||2 weeks 6 days ago|
Despite having prior experience in Asset Management and current experience as an analyst with a boutique IB, I'm finding it hard to get back into asset management or into equity research. Would I be crazy to become an RIA and start my own firm? My biggest worry is that I would probably start with l...
|5||3 weeks 15 hours ago|
Do you need to attend a target school in order to break into Asset Management/Private Wealth Management? ...
|5||3 weeks 19 hours ago|
Can anyone give me some info on this role? Thinking about applying to the program. It is my understanding that the role would be in Salt Lake City/New York, and within GSAM AIMS. That means that the analyst role could be a subset of GS's Private Equity Group, Hedge Fund Strategies, etc. Is this a FO...
|2||3 weeks 23 hours ago|
Would like to inquire about the compensation structure for a mutual fund FoF. Part of the job includes secondary investing and portfolio construction/tactical allocation. Some searching showed 70k + 20-30% bonus for PE FoFs, so I wonder how different this is. ...
|0||3 weeks 1 day ago|
Below is the description for the position: * Facilitate new business development by assisting the US institutional sales team in their projects and day-to-day tasks including: * Strategic Targeting: Research, build and deploy competitive and market intelligence by identifying market trends and oppor...
|2||3 weeks 1 day ago|
Hi all. I'm meeting with a PM at a large fund covering US pipelines & utilities in 3 weeks. The problem is whilst I have experience dealing with equities, insofar my background as a value investor dealing with micro/small-caps. I don't have ANY clue in regards to the infrastructure, O&G, pip...
|4||3 weeks 1 day ago|
I am a student in a non-target university who studies Economics and Mathematics with a business minor that allows me to take one more finance-related course, corporate finance or Investment Analysis. As a person who is pursuing a career in Asset Management, Investment Analysis seems like the better ...
|3||3 weeks 2 days ago|
|2||3 weeks 2 days ago|
Is it possible for a lawyer to break into investment management (e.g., PIMCO, Wellington) without MBA? I realize that even if possible, getting an investment role at a top Asset Management shop would be difficult. Want to see if the idea might pass the laugh test before starting to network. Basic ba...
|2||3 weeks 2 days ago|
Hey all, So two days ago I had an interview with a small family office with one of the head portfolio managers. I aced the fit part, but the interview came to an abrupt stop when the stock pitch came up. This is my first ever pitch, so I knew I was going to make some mistakes and was ready to field...
|0||3 weeks 3 days ago|
I am 10 months into a sell side ER job and am not enjoying it one bit...a lot of the analysis we do is just meant to fit the beliefs of the senior analyst plus I don't see myself learning anything... I like the consumer sector and wanted to switch over to that sector (versus my current sector which ...
|8||3 weeks 3 days ago|
I have an interview for a BB in their PWM business for a portfolio construction analyst role. It's entry level for a team within the division. Won't be part of an advising team, but an internal team that helps advisers with asset allocation, quant analyses, manager selection, creating reports, etc. ...
|2||3 weeks 3 days ago|
What are the good ones? Any with a systematic approach but too quantitative? ...
|1||3 weeks 4 days ago|
So I'm a freshman at a non-target and I have my first ever interview tomorrow morning. Its a small private wealth management firm. What questions do you guys think I will be asked? What should I study? Any advice? ...
|1||3 weeks 4 days ago|
'm a high school student who'll start college in the fall. My passion in life is value investing, and I've been deeply interested in it since I was about 12 or 13. My goal in life is to one day have my own fund, like Allan Mecham or Monish Pabrai. I was lucky enough to be accepted into Dartmouth and...
|7||3 weeks 5 days ago|
I've been working in buyside equity research for almost a year now at a well known value shop. I really enjoy the work but am curious to know what I would think if 10 years from now I realized I just didn't have what it takes (ie long term under-performance vs benchmark). Not saying I think this wil...
stay thirsty my friends
|8||3 weeks 6 days ago|
Hi Monkeys, Long-time stalker, first time posting. Hopefully, you can help me with the questions I have. For some background: Background removed after 1 week to preserve anonymity 1) While I like the idea of working in AM now, I'm aware that this may change at some point in the future. As such, I...
|1||3 weeks 6 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 ...
|193||4 weeks 52 min ago|
I'm a 40 year old freelancer in the film business. My gross annual income averages $150,000 (though since I'm self-employed, work can be sometimes volatile and inconsistent). My wife and I own a house (purchased for $800,000, 5 years ago. Now estimated worth over $1.3M). We have $590,000 left on the...
|3||4 weeks 13 hours ago|
Hi All, Need an advice from all of you experienced people. Currently I am working in EY as an analyst in risk management team and this year I am expecting promotion. My profile is basically to manage risk through various processes. on the other hand, I am getting a good offer from BlackRock risk com...
|10||4 weeks 19 hours ago|
Currently I am a student in my junior year, fortunate enough to have secured a decent internship for the summer at a company that I may want to work for post grad in an area that interests me. In the mean time while taking classes I have also been doing a part time internship with a small independen...
|2||4 weeks 1 day ago|
Hi All, It's that time of year again, so I'm posting one of the hundreds of CFA questions. In addition to normal reading, video sessions, etc., I'd assume many are using the q-bank to determine where they're at with respect to being up to speed. How do these questions stack up compared to the exam i...
|39||1 month 5 hours ago|
Long time lurker on this site. Currently work on the credit side and looking to make the jump to an equity analyst role at an Asset Management firm. Possible? ...
|6||1 month 1 day ago|
I'm graduating in May 2017 and am looking for buy-side equity analyst firms that have strong training programs. So far I know of BlackRock who has a 2 year program and Wells Fargo who has a 1 year program. The reason why I am looking for firms with training programs is because I will graduate with ...
|11||1 month 1 day ago|
This question is to all 1st year, 2nd year, 3rd year, and Incoming analysts in AM. Applies to both non-BB and BB analysts. Is your salary 85k or 70k? And if it is 85k, was it moved up from 70k previously? ...
|6||1 month 2 days ago|
Has anyone heard back from the IS superday that was on the 22nd yet? Haven't heard back yet and I'm a sophomore. Thanks guys ...
|5||1 month 4 days ago|
Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015. This was originally posted 11/17/2015. I mentioned a while back my transition from various back office/support roles to the Asset Management side and that I wanted to share my story. I figured it would be ...
|36||1 month 4 days ago|
Which is better as a career starter after a master's? Do either measure up to working at places like the World Bank IFC? In terms of MBA chances, exit-ops, prestige (not what Jim on the street thinks but what future HR people might think) ...
|1||1 month 4 days ago|
Who am I: 21, live in Europe, Undergraduate, studying Finance in a non target school and i will get bachelor's degree in September, had 2 years of working experience in sales (back and front office - not related to finance) while studying at school that caused low Gpa, but i'm currently improving it...
|1||1 month 4 days ago|
Hey all, Anyone know anything about the Wealth Strategies Group (WSG) at MS? It's within their PWM business and helps advisers and advising teams with investment strategy and performance, I think. Not much information on it online so hoping someone here has information on this. What are some exit o...
|0||1 month 5 days ago|
Do people usually break into AM and leverage up to IBD or vice versa? Also, which is harder to break into? ...
|5||1 month 6 days ago|
What is the salary for UBS Wealth Planning Analyst (WPA) 3yr program? Is this a well-known group? I did research and the office for the opening manages $1.5B (is this small?). Whereas PWM office is in NYC. Is Wealth Planning=PWM? ...
|1||1 month 6 days ago|
There is probably a simple answer that I'm not seeing, so I'm prepared for the Monkey Shit on this one! Investment Trusts (closed-end investment companies) that are traded on an exchange often trade at large discount to their NAV (sometimes 20%+). Unlike more traditional companies that trade below t...
|2||1 month 6 days ago|
It's a no-brainer that MBA students with limited pre-mba work experience (wither shorter experience than the usual 3-5 years or experience not directly related to the sector that they intend to do postMBA) are at disadvantage compared to traditional MBA students, when they are applying for summer MB...
|1||1 month 1 week ago|
I work as an investment analyst for a retail investment management firm which manages separately managed accounts for HNWs. A lot of what I do is equity research (in addition to preference shares, retail bonds, investment trusts and open-end funds) and many of the companies i meet with are through g...
|0||1 month 1 week ago|
Hey guys. A friend of mine has been accepted into a top10 MBA program right of of her undergrad (she smart and connected at the school). She wants to work on the buy side in the long run and is concerned that she might not be able to land any good MBA-level internships between her first and second y...
|7||1 month 1 week ago|
Hi everyone, I have an interview coming up for an analyst position in the Alternatives solutions group. My last work ex was in Equities so I do not know much about the asset class and I am worried about the technical questions. From the forums I can gauge that BlackRock interviews are mostly CV base...
|0||1 month 1 week ago|
Hi, I need some help from you experts! I have an Industrial Engineering and MBA degree with work experience in the transportation and boutique operational consulting firms. I currently work in an internal consulting role at a large Fortune 500 company however I would like to transition into the f...
|0||1 month 1 week ago|
I'll be interviewing for an equity position internally and I'm currently in fixed income at a $50-100 billion aum firm. Apparently there's an hr policy which says I'm supposed to tell my manager I'm interviewing for an internal position before the interview, but I doubt any one would notice if I did...
|13||1 month 1 week ago|
Are the vc's from the US which have a subsidiary in Europe the best or can european vc's such as wellington and balderton compete? ...
|0||1 month 1 week ago|
Does anyone have insight into the following role? Is this a proper Credit Research department? What should I expect for a salary here? I would be coming in as either an AVP or VP: About the Corporate Research Division Americas Department: The Corporate Research Division Americas Department (CRDA) is...
|1||1 month 1 week ago|
Finishing my degree in Finance at the end of the semester with a 2.9 GPA from a state school, signing up for CFA for December. Do you guys have an tips of getting in? How did your resumes look? I've won a school-wide stock trading competition. I like to develop Expert Advisors in MT4. I can code in...
|2||1 month 1 week ago|
Greetings, I came across the high yield corporate debt family of ETFs, specifically BlackRock's $HYT fund. Has anyone traded/invested in these? Few questions: 1. They have almost an 8% dividend yield. What are the risks besides the risk on the borrowing firms defaulting, is it more around junk bonds...
|2||1 month 2 weeks ago|
So I'm aware there is many threads on this topic but I'm struggling to find my particular situation. I have taken a job in a PWM office in London but the role is focussed only on fund management/research, rather than on client relationship/sales. Is a switch to Asset Management doable, or should I ...
|3||1 month 2 weeks ago|
Hey guys. I have the newest addition of "Training Consultants" Series 65 study book for sale. Best book out there for the Series 65 exam. It's a tough exam. Book brand new is $220, it's yours for 50% off! Email me! ...
|0||1 month 2 weeks ago|
If one wants to have a successful management consulting career (or eventually wants to become a ceo), chosing a firm is simple...go for the top three...mckinsey, bain, or boston consulting group. If one wants to have a successful accounting career, again, chosing a firm is simple...go for the big f...
|25||1 month 2 weeks ago|
How do you pitch a bond...? The interview is for a small local firm (~10B AUM) and I'd be covering financials both IG and HY. I'm quite familiar with analyzing banks and insurance companies and pitching their stock, but not bonds... Should I risk pitching a bond or stick to what I know best and pitc...
|5||1 month 2 weeks ago|
Looking to get thoughts on value oriented mutual funds such as NWQ Investment Management (Nuveen) ...
|8||1 month 2 weeks ago|
Does anyone have some insight as to what it's like working at Wellington? Whether culture, investment approach, hours, team structures, potential upward mobility, interview experience, or any other interesting info on this firm? ...
|2||1 month 2 weeks ago|
Hi all, I accepted a Summer Analyst position at BlackRock in their Financial Markets Advisory Group in New York. I was under the impression that I would be completing a 10 week program like all other finance internships; however, when I asked HR for the exact start and end date they told me June 2nd...
|3||1 month 2 weeks ago|
To those of you in the Asset Management space, I just wanted to get a gauge of your preferences regarding Bloomberg vs. Factset...we're a small firm, so cost forces us to pick one. Would be using it mainly for fundamental research, sell side consensus and building models when we're looking at global...
|12||1 month 3 weeks ago|
Has anyone heard back from BlackRock for the Analyst program starting in 2016? The website is being weird and not letting me see my application - is this happening to anyone else? ...
|58||1 month 3 weeks ago|
Hey all, This is Chris from London. I am having a Assessment Day/Super Day with BlackRock PAG in London in a few weeks. I found quite a bit of info related to BlackRock PAG on this forum, but not very much seems to be mentioned regarding the content of the interviews. In particular, I heard that the...
|4||1 month 3 weeks ago|
I've just started working for a small RIA (>$500MM). I've been asked to start looking for new sources of information for our investment research efforts. We're probably a bit too small for a Bloomberg terminal; though, it's on our radar. We have a YCharts license, a Morningstar Premium account, a...
|1||1 month 3 weeks ago|
Anyone applied to this position? Any updates? ...
|3||1 month 3 weeks ago|
Any updates? ...
|1||1 month 4 weeks ago|
If a firm were to use capital to provide loans to small businesses, how would you create a model for portfolio valuation? What are some things that would need to be included in addition to cash flow valuation? If you know any resources or have sample excel files please let me know. I am preparing fo...
|0||1 month 4 weeks ago|
Hi All, Could someone explain the main differences between a fund structurer (buy-side structurer) and a 'sell-side' structurer if any? Thanks ...
|0||1 month 4 weeks ago|
If you had the chance to work at one of the two, which would be better in terms of exit ops, b-school admission, future career prospects ? ...
|0||2 months 9 hours ago|
Hi Guys, I'm looking at AM internships in London. I've noticed AM divisions in BB only offer 1 general role of: analyst intern, whereas investment management companies such as Fidelity offer various streams: research, investment management, sales&marketing. Can anyone elaborate on what it's lik...
|3||2 months 10 hours ago|
I have the opportunity to get an interview for a fixed income role in London. I've been doing some research online but it's difficult to find opinions (even in WSO). Do you guys know the company? Opinions about career/salary? Any insight will be appreciated ...
|0||2 months 16 hours ago|
Read this morning on CNBC. Be careful to not engage in private businesses on the side, especially if it doesn't follow narrative of upper brass..http://www.cnbc.com/2016/02/29/goldman-sachs-puts-... ...
|0||2 months 2 days ago|
Does anyone know of any firms that have a strong impact investing program i.e. where they either manage a portfolio of public stocks of companies that have a positive social impact or invest directly in private companies that fall in the category. It seems like an interesting career if you want to b...
|12||2 months 3 days ago|
I am currently eighteen and I have seldom any financial education and no financial reputation. I dropped out of college and am self-teaching myself Web Development -- after I have become competent in Web Development I will get a job and invest in Real Estate. Then, after awhile, once I gather enough...
|0||2 months 3 days ago|
I'm currently a 24 year old, qualified as a financial adviser but practicing as a paraplanner. I also have a number of other financial qualifications such as mortgage advice, equity release and pension transfers although I don't have a degree as I came into work out of school. I love helping clients...
|1||2 months 3 days ago|