Silver BananaTopic
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WSO Hall of Fame: Asset Management Forum The Wall Street Oasis Asset Management Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the asset management industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate...
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BlackRock Aladdin Client Services SF Superday Hi, I had a BlackRock Aladdin Client Servies superday in SF last Wednesday (9/6) and still haven't heard back. It hasn't been a week yet but I was wondering what I should do. Email and follow up with the recruiter or just keep waiting?...
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What is a typical wait time for lateral hiringHi guys, I interned at GS IMD last summer, but because I am not a US citizen, I was connected to the HK team instead. However, at the time, they did not have an open position. A month ago, I reconnected with the manager there and got four interviews, one with the MD of the office. It has been a m...
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UBS WM Whatsup guys, I completed a video interview for UBS WM about a month ago and haven't heard anything back. Has anyone completed the same interview and heard anything yet? Trying to gauge whether or not superdays have come out. Thanks....
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Company Review: INVESCO Asset Management - Very satisfied* Great company culture * Laid back work environment * Given a large amount of responsibility * Interesting and challenging work . * Intern class very small * Few young people in the office * Lacks name recognition * Lack of food options nearby ...
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Company Interview: Goldman Sachs - InternWhat would you do in the scenario where your club's president releases an answer key to the entire club. What would you do? What factors do you take into account? The Hirevue interview was all behavioral questions. There were about five questions I was asked. For each question, an interviewee is giv...
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Is it possible to work in risk management with a finance degree?As it says in the title, is it possible to work in risk with just a finance degree or would it require a math/engineering type of degree (or something else entirely)?...
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BlackRock Experienced Hire Hear Back TimeI had an onsite interview (lateral hire) with BlackRock portfolio management group. It's been a week and I still haven't heard back anything. Anyone know the approximate wait time for lateral hire with BlackRock? I also followed up with HR but got dinged. Does that mean I got rejected already? ...
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2018 Asset & Wealth Management Wealth Management Summer Analyst ProgramHello, This page will be used to engage with the wealth management summer analyst program at JPM. How are your interviews going? I just recently had a phone interview...
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Dimensional Fund Advisors - good choice?Hi guys! Hoping to get some insight on what the portfolio management Group is like at Dimensional Fund Advisors. My main concern is their investment philosophy. They base investment decisions on academic research and tend to stick more towards the passive side. If I want to be an active manager one...
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Company Interview: Fisher Investments - Investment associate Why fisher investments? Which of the three investment associate type roles interests you the most? What do you see yourself doing/ where do you see yourself working in the future? How would you describe fisher investments investing strategy to someone? Why is fisher a pioneer in the investing field?...
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BITCOIN IS THE NEXT ENRON - IT'S A SHAM - SAUDI PRINCE AL WALEED“I just don’t believe in this bitcoin thing. I think it’s going to implode one day. It’s Enron in the making,” he said, referring to the US energy company that filed for bankruptcy in 2001 after revelations of a widespread accounting fraud. “This thing does not make sense. It’s unregu...
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AMA: Internal Wholesaler at a Mutual FundI 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...
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J.P Morgan Asset/Wealth Management Video InterviewI have a interview with J.P Morgan where I have to answer 4 questions on video, but there is not an interview on the other side. Has anyone had any experience with this?...
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Aspiring Wealth ManagerAfter working several years as a health care professional, I retired to start my own securities trading business. I have since learned a great deal about the mechanics of trading and investing. I have succeeded at replacing a six-figure salary by posting average annual returns ~15% since 2008. ...
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JP Morgan Winning Women 2018This thread is for undergraduate students currently applying to the JP Morgan's 2018 Winning Women events in NYC and Chicago. Feel free to follow and/or post if you're in another division as there might be similar recruitment timelines....
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Company Interview: Bank of America Merrill Lynch - Financial AdvisorThe interview with the regional manager went on like a chain. He asked what I know about the position, and I explained as much as I know, then based on what I said he ask another question and so on. For example, I mentioned about being a trusted advisor and the manager asked, "how do you build trust...
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PWM: Compensation and CultureI'm currently a PWM intern at MS and one of the SVP gave me a verbal offer to hire me as a financial advisor associate after my internship is over. Our team has $1.8billion AUM and the FAs make a killing in revenue. The SVP that made an offer makes about 400-500k a year. The money is really tempting...
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Internal Wholesaler Interview(s)Hi all, Ever since graduation from college I knew I wanted to go into the sales side of Asset Management. I took and passed my Series 7 summer before my senior year of college and took and passed the 66 upon graduation. I had a lot of interviews with a bunch of different Mutual Fund companies but ha...
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Jupiter Fund ManagementHello all, just wanted to know if anyone of you guys heard about Jupiter Fund Management in London. Anything about culture, compensation and investment style/strategies would be great. Many thanks. -Swasi...
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Company Interview: Point72 - Full-time analystThe modeling project was pretty time-consuming, especially before any person-to-person contact was established in the process. The five given days to do it would have been plenty if we didn't also have other things going on like school (project instructions given on a Friday evening, due the followi...
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Company Review: Macquarie Group Limited ABN - Very SatisfiedGreat culture . not many full time opps in the philly office ...
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Is Active Management Dead? For many in the investing community, the overwhelming rise in the popularity of index funds has raised serious doubts about the future of actively managed funds. Market trends over the past few years have indicated that the days of big-name active managers such as Peter Lynch may be over, thanks to ...
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Company Interview: Liberty Mutual Investments - Summer InternMost of the questions asked were pretty straight forward, but some caught me off guard. Here are some of the ones that I wasn't completely ready for. Q1: How are the balance sheet, income statement, and statement of cash flows related? Q2 :How does an insurance company make money? Q:3 What are some ...
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PIMCO - What has changed internally in the past few years after their acquisition by Allianz? Very curious about this. Some reviews on Glassdoor say things like "culture has gotten worse" and "politics are getting more important", but I'm really curious to get some perspective from people in the know, if possible. If anyone was there before the takeover and is still there now (and is someh...
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Morgan Stanley Wealth Management Summer Analyst Program 2018I applied for this internship about a month ago and according to the application portal, my app is still under review. I was wondering if anyone else had applied/gotten interviews or offers yet, and when?...
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How useful would it be to manage your own stock portfolio over a 3-5 year period before moving into port mgmt?Hi folks, I’d like to ask a rather straightforward question. I have a deep interest in investing, especially in so far as public equities are concerned. I graduated not too long ago. I do work in the Asset Management industry at one of the largest firms in my country, but I work in operational/en...
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How to value a cyclical sector like Industrials?I was thinking of investing in a cyclical sector like Industrials (think GE, Boeing, Autos) but was really confused how to wrap my head around trough, peak EPS. I personally feel it is very difficult to put a multiple on your EPS estimates, just because sometimes EPS can be negative and even if it ...
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Company Review: LPL Financial - Wealth Management InternThe company is a good way for students who are looking to get a foothold on Financial planning. It was a great internship for a Sophmore. . There was not enough work once you understood all of the companies processes. It felt a bit constraining and new ideas were not really listened to by superiors....
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CLO Asset ManagerWSO Primates, I am currently a VP at a small buy side bank located in NYC. We do some middle market lending and are a buy side firm in the broadly syndicated loan space (middle market and large corporates). I work on a small investment team, we select, underwrite, and manage the loans, sort of an a...
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Company Review: Fidelity Investments - 5Feed you leads as an advisor. Huge firm, very easy going. Lots of opportunity for growth (as long as you are willing to be mobile) great benefits.. Books are too large to truly have a traditional relationship with your clients. Compensation is less compared to rest of industry since pay is not relat...
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Company Review: Lazard - intern Lazardgood firm with good reputation tremendous experience and good selling name on your CV brillant people . intern salary... it is such a shame that such a important investment bank underpay its intern (I only know the situation in France)...
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JPM Asset Management - Typical starting salary for analysts? What is the typical starting salary at JPM for analyst in the Asset Management division for undergrad FT, obviously not including bonuses?...
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How long did it take to hear back after Goldman superday?For those of you who had a superday for Goldman's summer analyst position, can you please list - Division/group: Summer year: Location: Just would like some insight. Also, if anyone has some advice of when to follow up after superday if you haven't heard anything....
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J.P. Morgan Global Wealth Management Summer Analyst Program Phone Interview?So I have a phone interview coming up with two guys from JPM Wealth Management and was hoping someone here has gone through the process before. I'm expecting mostly behavioral but what kinds of questions should I expect?...
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Company Review: Merrill Lynch Wealth Managment - ML PMD ProgramGreat senior leadership, as well as research from the family of Bank of America, Merrill Lynch and US Trust. Not a lot of support on growing the business, but management is working in the right direction to get a lot of newer PMD's to succeed...
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Salary Progression in Asset ManagementWhat is the salary progression at a traditional asset manager (e.g. BlackRock, Fidelity, M&G)? As far as I can tell, first year base is around £40,000 and 20 - 40% bonus. How does this change as you move up the firm? From reading a few threads here, it seems the pay is quite low even as a PM....
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Company Interview: Neuberger Berman - Asset Management InternAll of the questions asked in the phone interview consisted of fit questions. Starting with why Neuberger Berman? Why Asset Management? Which part of the firm are you most interested in being placed in? You need to have a good story about why you want to work at Neuberger Berman, what specifically a...
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Company Review: TIAA CREF - IFS Internship ProgramGreat/work life balance. My MD was very attentive to what I wanted to learn during my internship and thus allowed me to work on projects for other teams.. The workflow was horrible and assigned projects were not usually meaningful. The office was very empty and many times I was the last one left i...
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Company Review: Ameriprise Financial - Good Work/Life BalanceGood work/life balance. Work with lots of smart people. Opportunity to get involved with many different types of projects.. Lack of career development. Low pay for loyal employees. Pay more for outside talent. Some drag on business because of corporate policies. ...
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Junior / Support Portfolio Manager InterviewHello Soon I will have a 2 hours interview for a Junior PM position in a french bank, but I have no idea how to prepare or what to expect from the interviewers. I have to mention that I have a very limited work experience, and from where I am, this opportunity is rare, but I really enjoy this domai...
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null-Please Deletenull. Nothing to see here. Please delete topic. No one knows the answer to my question Moving along ...
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Years necessary as sell-side Equity Research Associate for Post-MBA Analyst role at long-only AM?Hi guys, My dream career is in a value-oriented asset manager on the west coast (Brandes, Dodge & Cox, Hotckis & Wiley). My question is how many years of sell-side equity research experience along with an MBA is typical to be considered for an Analyst position at the firms above, as well as traditi...
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Company Interview: The Vanguard Group - College to Corporate InternAll of the case study was surprisingly challenging for me personally. I had about twenty minutes to read the packet before the interviewer came back in and we got to go through it. It was about different investment funds and what I would think would work best for older clients. A lot of the informat...
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Advice on Pensions & Endowments in TexasLooking for some advice on large pensions and endowments in TX, mainly public. Does anyone have any color on the pros and cons of working at places like Texas Teacher Retirement System, the Employee Retirement System, or the Texas Permanent School Fund? The roles in question are in asset allocation ...
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Company Interview: Point72 - Academy Summer AnalystQuestions asked in the live video interview included: What are other firms are you interviewing with/do you have offers from? Why are you interested in finance? Why are you not interested in another field (one that was more relevant to my major)? Tell me about a business deal that interested you. T...
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Brown Advisory?Does anyone have any input on Brown Advisory? I have an interview with them this week, and not really sure what to expect. What are their reputation and culture like, specifically with regards to their private equity group or energy investments?...
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Company Review: BNY Mellon - Solid ShopGood vacation, great people, good brand and reputation, you learn a lot, which helps down the line. . Low relative pay to similar position in same city. Health insurance was sub-par. Low upward mobility....
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2018 Full Time IM/ER Recruiting *DECISIONS* Timeline MegathreadNoticed there were threads for IB, S&T and wanted to make one for IM/ER. Opportunities for FT tend to be scarce across the board, so better to let others know when interviews are already underway. Couple programs I've been keeping my eye out for but would love any help in updating/providing informa...
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Relevant Technological Skills for Future in AMHey guys, so I've been reading at work a lot lately about the future of automation and the implications for the investment management industry. As we all know, jobs are and will be at stake in the future because of increased cost pressures on AM firms, and the ability to replace expensive labor with...
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2018 JP Morgan AM Launching Leaders Summer 2018Curious to see if anyone out there has either gone through this process for prior years or is looking into their current program. HireVues were released over the past few weeks and the superday is late September. All insight regarding the topic is more than helpful....
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Company Review: Fisher Investments - Not a terrible option right out of undergradTop of the line employee benefits, hours aren't too grueling compared to severa; other asset management firms. Pay is pretty low. Management is generally inexperienced. Work is very repetitive, tends to feel like an assembly line...
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Company Review: Sun Life Financial - InternFlexible hours and moderate workload, never was really that stressful, nice company outings for interns. Manager was a bit restrictive, other than that can't really complain, winters can be harsh in London...
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repeating undergrad internship at mid-tier AM shop with likely job offer[delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] ...
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Best online excel coursesI’ll be working at a large asset manager next summer and wanted to know if anyone has used a good online excel course. I’m a beginner with excel and wanted to have a solid understanding of the program before I start work....
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Vanguard -- MBA Investments Internship InterviewHave an on-site superday coming up, do you guys have any suggestions/thoughts? Much appreciated, thank you in advance for the help! ...
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Company Review: Deutsche Bank - PWM - AssociateGreat work life balance, working on wide breadth of products for small institutions and HNWI. Access to product groups.. Division in flux after spin off of brokerage unit and intended sale of asset management division. Need full commitment from senior management for business line....
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Company Review: JPMorgan Chase - JPM first year analystCulture of excellence with high expectations, good compensation and really strong training programs for juniors.. Valued churn and burn more than results driving and learning...pay your dues and impress people by taking on menial projects that more senior people do not want to do. ...
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JP Morgan Chase Wealth ManagementHey guys!! I got an interview for Chase Private Client, and I'm trying to understand the institutional structure a bit more. Is that their ONLY wealth management group? Like if I wanted to focus on (U)HNWI and not the institutional Asset Management side is this where I would start? Because there's ...
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ICONIQ CapitalHey guys, I understand the firm is a family office for many of the wealthy in the Silicon Valley. I have applied for the financial analyst position at the company, and if anyone has worked at ICONIQ Capital, or is familiar with the culture and responsibilities, I would love to get your feedback. -...
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Breaking out of consulting into PWMHey y'all!! I wanted to ask about breaking out of management consulting in the financial services industry, and transitioning into a private wealth management/private banking role. Generally on my background: *Consulting sales experience *Solid network of HNW individuals *Speaks Mandarin and Germa...
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BlackRock CEO Larry Fink warns about a big correctionIn the recent quarter, BlackRock reported stellar results. BlackRock is approaching almost the $6 trillion mark in AUM. CEO Larry Fink warns that the market could face a “big correction” if a major world event occurs. ...
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Company Interview: Pacific Investment Management Company PIMCO - Technology AnalystA coding question: how do you decide whether a string of arbitrary length is symmetric or not? Given a time series data of prices for various stocks, how would you use this data set to make investment decisions on what and when to buy? For a multinational team of software engineers and project ma...
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Potential for HF from AM firm with irrelevant strategy?Hi WSO, I recently received a FT offer from an AM in a MO role that uses a lot of python/C#/SQL to calculate target weights for portfolios (which then gets passed on to PMs/traders) along with some other generic MO/BO functions. So pretty much I won't have any experience with picking stocks or much ...
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Company Review: BlackRock - Blackrock intern reviewCompany places strong emphasis on technology, which is good if you're a software engineer. Also many other perks, such as casual dress code.. The work environment seems slightly depressing compared to other tech/fintech companies. Also not great work life balance....
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Portfolio Manager InterviewHey guys, I have been called for an interview to an Asset Management group for the position of Portfolio Manager - Associate level. They told me that it does not involve a lot of client facing at the Associate level however, it may become a client facing position once you climb the ladder. The gro...
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Company Interview: Fidelity Investments - FidelityDesign a process to compute the estimator for a Uniform Distribution A question regarding Markov Chains (rain/sun and umbrella/no umbrella) Conditional Probability questions (simple Bayesian application) Design an algorithm to find a subsets of all lengths for a vector What is OOP? Describe encapsul...
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Company Interview: BlackRock - Intern Since the interviews were in 2015, I recall that there are basic accounting questions, stock pitch and some Great China specific questions. The accounting questions were a series of related questions and asked you about the changes on Income Statement, Cash Flow Statement and Balance Sheet following...
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Is an MSF useful for asset management?A bit about me: Current senior studying finance with a 3.94 GPA at a non-target school. F500 doesn't recruit here and my alumni network goes as far as financial advisors. I also had an FP&A internship this past summer. I want to break into Asset Management and was wondering if an MSF would be he...
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Company Review: Bank of America Merrill Lynch - Boring ops job does not pay wellgood hours, vacation time is good. simple work. low stress but work is repetitive so that is not good. low pay, repetitive, boring, low pay, no room for advancement. even licensed positions pay low. dead end job...

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