I'm just curious what kind of background is usually needed for an asset management position at Bulge Bracket ? A top-tier MBA or CFA or a MSF perhaps ? I'm a recent Finance master degree graduate (EE undergrad)from university of san francisco, what's the chance of my landing a job in sell-side Ibanks ? I know their IBD generally take kids right out of top-tier MBA programs, what about the requirements for the AM department ? Is it gonna be any different from IBD ?
Also is it possible to land a job in any BB AM after working in buy-side mutual fund for 4-5 years with a decent track of performance ? I only want to ask this in case i'm to be rejected by the sell-side right out of school for not coming from top MBA. Thanks.
I have wondered the same thing - anyone have insight into this?
Not sure about post-mba. I'm doing a SA at a BB AM division from a non-target. Networking is pretty important, as the recruiting is less formal.
I know it's tough to break into HF asset management at entry-level right out of school as they usually hire sell-side experienced trader or PM. What are the usual steps to land an AM in sell-side at the first place ? Is the hiring criteria less ivy-inclined and easier consequently ?
Does anybody have real figures of what an AM analyst can expect to make in their first few years?
AM in sell-side? im guessing you mean AM (which is always buy-side) at an investment bank? Just network. Classes are smaller, so it is competitive.
Monkey - not sure, but i'm pretty sure it is about a 55-65k base (right now) with a 10-15k bonus for first year. 60 hourish + weeks.
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