But this is for a research assistant, not analyst or associate. Isn't this more of a support role? Would I be expected to know a stock pitch? The job description says that familiarity with stock is simply "preferred." I'm not looking to be an analyst for a full-time career, just looking into a full-time job in the interim until an actuarial position becomes more attainable so I'm fine with an assistant position. I don't have an MBA or advanced degree and they are aware of my credentials. Does anyone know what types of questions are asked of assistant positions?

 

At the previous buy side shop I worked at, the junior assistant trader was transferred to be the assistant of the equity research team. That was right before I left but from what I remember his duties included:

  • Updating various spreadsheets to track portfolio positions, trades & average prices & other various spreadsheets
  • Any kind of liaisons & documents between the Equity and Trading Teams

The shop I was working at had a history of promoting assistants to analyst positions, so what notthehospitalER wrote is true and exists. Good luck!

 

You may not be involved in investment decisions etc, or even want to be an associate/analyst- but what's the harm in knowing some stock pitches etc? It can only help your application/interview. If familiarity with stock is preferred, I'm sure they would prefer you to have a stock pitch/they would like you to demonstrate your knowledge.

Keep in mind that while you may not want to work in research, and this is an interim job for you, you still want/need the job- and there will be people you are competing with for it who DO want to work in research, and will come to the interview prepared to show their commitment to becoming an associate/analyst at the same firm. You need to interview at least as well if you want the job.

 
kal09012:

I don't even understand what a stock pitch is. This interview is gonna go great.

You can put something together. A stock pitch doesn't need to brilliant, it just has to have an angle. Do some research on the sector. What are you interested in? Find a winner find a loser. It's about confidence, showing how you think.

Expect them to push back. Be confident when they do, not disrespectful but confident.

 
Best Response

Look on Mergers & Inquisitions for how to format/present a stock pitch. Go to a website like seekingalpha.com for investment ideas. Be able to talk about at least one confidently, and definitely know about the firm and what they do/what sectors they invest in etc.

Don't get discouraged, they obviously like you enough already to have invited you in for an interview. You may not need to pitch a stock, but it's helpful to cover all bases. Also, if they don't ask you to pitch a stock, but you have one prepared and bring it up on your own, they might love that.

Since you're interested in actuarial work, I would suggest looking into something like AIG as a potential stock pitch. It's a great investment right now, but not really unique because a LOT of buy-side firms have invested in it. That being said, as the interview is for a research assistant, you won't need to provide any groundbreaking ideas, and you may be able to talk confidently about AIG/become familiar with it more quickly than you would with other firms, based on your experience. Hope that helps and good luck, feel free to ask about anything else.

 

Explicabo optio deleniti enim natus nemo. Tempore debitis esse hic animi tenetur iste suscipit.

Assumenda dicta officiis fugit cum ea necessitatibus. Consequatur dolores aut voluptatem iure saepe omnis. Possimus omnis architecto necessitatibus et minima.

Animi quam velit fugit id officia est. Dolores hic a et ipsam quae. Rerum ea aut pariatur animi quis aut. Aut provident quo magnam tempora adipisci qui. Et rem quae enim eaque rerum quia illo ex.

Array

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”