Portfolio Associate
Status
Assistant Portfolio Manager at
Group/Division/Type
Portfolio Management
City
Los Angeles
Interviewed
July 2014
Overall experience
Difficulty
General Interview Information
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Interview Details
What did the interview consist of?
1 on 1 Interview
Please describe the interview / hiring process.
Interview process consisted of 8 1v1 interviews split across 3 rounds. I met with a mix of portfolio associates and senior portfolio managers. Each interview lasts 30-45 mins.
The portfolio associate interviews usually focused on technical fixed income questions and have a few behavioral questions peppered throughout e.g. how do you deal with stressful situations, why do you want the job etc.
Portfolio managers are generally more interested in getting to know you as you will be working for this person. They might ask you about your views on the economy, investment outlook etc, but none of them asked about fixed income technicals. There's little room for error in this role and the PM's want to know how you would deal with stressful situations, attention to detail, how would you correct errors etc.
I found this process harder than investment banking interviews, the technical questions can be very tricky. As with most technical interviews the interviewer is trying to understand your thought process rather than just getting the answer correct. Make sure you read up on bond risk basics before going into the interview.
There is plenty of time to ask questions.
The portfolio associate interviews usually focused on technical fixed income questions and have a few behavioral questions peppered throughout e.g. how do you deal with stressful situations, why do you want the job etc.
Portfolio managers are generally more interested in getting to know you as you will be working for this person. They might ask you about your views on the economy, investment outlook etc, but none of them asked about fixed income technicals. There's little room for error in this role and the PM's want to know how you would deal with stressful situations, attention to detail, how would you correct errors etc.
I found this process harder than investment banking interviews, the technical questions can be very tricky. As with most technical interviews the interviewer is trying to understand your thought process rather than just getting the answer correct. Make sure you read up on bond risk basics before going into the interview.
There is plenty of time to ask questions.
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