Guggenheim Investment Analyst
Curious as to the community's opinion on Guggenheim’s asset management wing; type of work, compensation, and exit ops for their entry level buy-side investment analyst. Don’t have any experience in high finance (did math and econ, mostly macro, in college), so even well-known generalities about the industry/line of work would be appreciated.
Seems like their former CIO Scott Minerd was highly respected in fixed income, but can’t find anything about their current reputation. Am interviewing with a team that fits my background, but was sort of flirting with applying to PhD programs (econ or applied math) after I graduate instead; also have some offers outside of finance that I wouldn't mind pursuing either.
Thanks!
Based on the highest ranked content on WSO and previous threads, Guggenheim's asset management wing is generally well-regarded in the industry, especially for its work in fixed income, as highlighted by the respect for their former CIO Scott Minerd. While specific details about the current reputation post-Minerd are not directly available in the provided context, it's reasonable to infer that the firm's standing remains strong given its historical performance and the caliber of professionals it attracts.
For an entry-level buy-side investment analyst at Guggenheim, here's what can be inferred based on the WSO Dataset:
Type of Work: As an investment analyst, you can expect to be involved in deep financial analysis, market research, and possibly contributing to investment strategy discussions. Given Guggenheim's reputation in fixed income, if your role is within this area, expect to work on bond valuation, credit analysis, and interest rate trend analysis. The work will likely be rigorous and quantitative, leveraging your background in math and economics.
Compensation: While specific compensation figures are not provided in the context, entry-level positions in asset management, especially at reputable firms like Guggenheim, tend to offer competitive salaries and bonuses. Compensation in asset management can vary widely based on the firm's performance, the fund's performance, and your role within the team. However, it's generally expected to be in line with industry standards for entry-level analysts.
Exit Opportunities: Starting your career in asset management at a firm like Guggenheim can open various doors for future opportunities. This could include moving up within the firm, transitioning to other roles within finance such as hedge funds, private equity, or even corporate finance roles in industry. Your technical skills, understanding of markets, and analytical capabilities will be highly transferable. Additionally, pursuing further education, such as an MBA or a PhD in economics or applied math, could also be a viable path after gaining some practical experience.
Given your academic background and interests, a role at Guggenheim could offer a valuable entry point into high finance, providing a solid foundation in investment analysis and decision-making. It could also serve as a stepping stone should you decide to pursue further education or explore other opportunities within finance or academia. Balancing this opportunity against your other offers and interests in potentially pursuing a PhD program will depend on your long-term career goals and where you see yourself deriving the most satisfaction and impact.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/thoughts-on-guggenheim-sfguggenheim-in-general?customgpt=1, Is Asset Management shrinking?, Updated Guggenheim reputation, What are people's thoughts on Guggenheim Securities?, Thoughts on Guggenheim MM Group?
When did you apply and receive interview?
Applied in January, had my first interview a few weeks later.
Highly group dependent
Anything about their corporate credit group?
Don't want to name the teams I'm interviewing with, but they're macro-oriented components.
In general, is there a broad-stroke sense of what exit-ops would be available? Not necessarily interested in job hopping, but am curious if it'd possible or common to move to a macro-fund like Bridgewater after a few years.
They sold most of the interesting stuff a few years ago. The rumor was that they wanted to sell the whole place, but Invesco wasn't interested.
Cool - wdym by 'interesting'?
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