Silver BananaTopicReplies
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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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Multi-Asset Strategy --> Specific Asset Class.. Is it Doable?Currently an analyst at a boutique working on a multi-asset strategy team. While its interesting to research and understand asset classes from a broad top-down perspective, I think I'm getting to the point where I'd like to branch out and specialize in a particular asset class (i.e. equity or credi...
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Fintech is going to kill Private Wealth Management jobs?So it has been clear to me that algorithms will eventually be capable of doing everything that a traditional wealth manager is. Given this trend, I, rising junior, am a bit worried about being able to even have a job in the industry, and am even considering starting a robo-advisory as a method of m...
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JPMorgan Chase SA 2019 Wealth Management InternIt doesn't seem like there's a thread for this but I just got the HireVue for the WM 2019 internship. I'm curious if anyone else did as well and whether or not the questions will be the same as they are for the IBD HireVue. Best of luck to everyone in the running!...
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Job Selection Help - Entry Level vs Graduate ProgramHi all, I currently work as an Investment Analyst at a large Life Insurance firm and wanted some advice on how to choose between my current role and a graduate program available at a large and prestigious fund manager (~2nd tier). The fund manager graduate program has various rotations covering T...
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Phillip Fisher BookHi all, Just wanting to get some advice on whether the book by Phillip Fisher Common Stocks Uncommon Profits is a worthwhile read? I was wanting to choose between which book to read and came across this one but couldn't see much about it here. Cheers...
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Side Jobs you can do while working in Asset Management?Hi, I'm wondering if there are any side jobs that you can do while working in an investment management firm? I know in the beginning it might be hard to find time but I've heard the hours get better. So considering the important of multiple flows of income, I'm wondering if there are part time jobs...
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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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ClearBridge Investments - Interview - Risk ManagementThe most difficult question by far was the stock pitch, after a bunch of non-technical questions, the HR rep asked me to pitch a stock I liked. Another tough question was related to the news in the market, I read the wall street journal beforehand, but had clearly missed the news on some key aspec...
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How do you narrow down from a list of 5-6 stocks to 1-2 that you want to invest in?So I'm currently looking at 4-5 companies (equities) right now, and I'm having trouble narrowing them down to 1-2 that I would invest in. I understand there are a great many factors that go into security analysis (including qualitative elements), and there are many things to look for. However, I am ...
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Difference between S&T and Asset ManagementHello, I'm currently looking for internships and I don't know which section is the most suitable for me. Particularly, I don't see the difference between Sales&Trading and Asset Management. Personally, I don't want to do Sales (I'm more technical than social). If I would describe my dream position, ...
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Wells Fargo and Company - Interview - Wealth ManagementThere were 5 total questions asked in the WIM interviews. 1. Name a time that you were faced with making an unpopular decision in a group project and how did you teammates respond. 2. Name a time that you took a leadership role and how you made the outcome better. 3. Why Finance? 4. Name a time tha...
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How many people in AM break 500K?Just out of curiousity would anyone know how often it is for an analyst at a large firm to break 500k? Obviously I know this won't happen right away but if someone stays at a firm for 10+ years is this attainable?...
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Top AM / PWM internshipsHi all, I am looking in to AM / PWM analyst internships for next summer, and wanted to start a list of firms one should be looking to apply to. There are the obvious ones JPM, UBS, MS etc. But would love some insight. I'm at a top tier school in NYC. and looking for something here in the city. ...
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Putnam Investments - Interview - MarketingDue to the nature of the position, there weren't any really difficult interview questions, certainly not of the sort that one would be confronted with when interviewing for an IBD or an analyst role. The biggest thing for Putnam, and this was discussed after I was hired, was that I came prepared wit...
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PT MBA and CFA? or PT MBA and work full time in an unrelated field?I was accepted to the NYU Part time MBA program and will begin this Fall. I have 4 years of work experience as a financial and operational auditor, no experience working in a bank (front of back office role), and am trying to figure out what career path I want to take once I graduate. A little abo...
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Questions about getting a job as a PMHey everyone. I'm in a top target undergrad and my goal is to eventually become a PM at one of the top AM firms (Blackrock, Fidelity, JPM, UBS, Wellington, etc). Would anyone who's also on this track know the general way to get to the PM level? I've heard it described as simply as Top Undergrad -...
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What does a Distribution Sales Intern do?I recently got a summer internship at a bulge bracket as a Distribution Sales Intern in Asset Management. I was just wondering what I would do on a day-to-day basis? I just hope its not too much of client servicing in terms of on boarding details and doing stuff on the CRM, because I want to do mark...
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Family Offices?I'm on the freshly minted new analyst grind at a small/mid size IB and I've been given the exciting "compile a list of family offices" assignment. Does anyone know of a decent dabatabse or website out there with a list? Anyone else have this assignment or have thoughts on family offices in gener...
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Pacific Investment Management Company PIMCO - Review - Fixed IncomeThe company has a very strong brand name and the location is in a place with awesome weather. Colleagues are extremely intelligent.. The company can be cutthroat at times. People can be not collaborative at times. Most people have to go to business school to get promoted....
Gilder Gagnon Howe - Interview - Equity ResearchAsked a lot about your background, so make sure you are comfortable in answering very in depth. They are looking for someone who is creative and is attentive, so make sure to weave your experience with something that is happening on the markets right now. The hardest thing of this interview was th...
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PWM and IM Salaries?Anyone know around how much someone at a top PWM and IM firm make around mid way through their career....
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Help needed: exit opps from fund product management type of job at BB bankTL;dr - very bored in current job and want to move. I know I posted this on the job forum but want replies... I'm a recent graduate from British target who did a quantitative degree (though GPA not good, albeit with mitigating circumstances which HR was fine with) at a London BB's IM function in pr...
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CFA - CFA Provided Material or Kaplan?Question on CFA, I'm taking level 1 in December, why wouldn't I just go with the CFA provided materials since they literally wrote the exam? I hear great things about Kaplan books but why pay the $380+ for them? And why would I pay the $650+ for the other levels? Thanks, Side question: What...
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Line of Credit Pricing for UNHWWhat is the typical pricing for a UNHW at a large bulge? Obviously, subjective to the relationship with bank, total AUM, size of the facility, collateralized assets, etc. but a ballpark figure would be helpful and much appreciated. Guessing L+40?...
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Cambridge Associates - Interview - Investment ResearchThe only unexpected portion of the interview was when I was asked what I know about the position and the firm. I had not done too much research into what CA does, but I knew some general basics from my friend who I had chatted with recently. It seemed like the HR representative really wanted to get ...
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Is My Career Plan Practical?I am moving to Waltham, MA soon for my MA in International Economics & Finance beginning this year at Brandeis University. I applied to Boston College's MSF program too but couldn't make it through the admissions. I had plans to apply to European programs but ended up applying to the USA. Putting my...
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Goldman Sachs - Interview - GeneralistDescribe a time when you had a difficult time working with others on a group project?/Talk me through a time you were working in a team and someone wasn't pulling their weight./Talk me through a time you were working in a team and you were faced with a confrontation. What about your previous work e...
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What is Product Specialist?I just saw a local AM firm is hiring interns in my school for their Product Specialists team. I wonder what product specialists do in an AM? It seems to me that the role is more about client-facing/ sales work, while BlackRock puts their specialists team under PMG, not GCG: "Product Specialists —...
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Goldman Sachs AM - Product Development + Product ManagementDo you guys know what these groups actually do? The postings online are very vague - I don't even know whether they are considered FO/MO or BO. http://www.goldmansachs.com/a/data/jobs/28951.html http://www.goldmansachs.com/a/data/jobs/28952.html...
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Is Happiness on the Street Possible?Friends, Many WSO posts speak indirectly to the idea of happiness, or the absence thereof. Is it possible to find a work-life balance when you are pulling 60-80 hour work weeks, and engaging in hand-to-hand combat inside and outside the organization? Who hasn't walked on hot coals? **TRIP TO S...
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Dimensional Fund Advisors - Interview - Investment ResearchThere is a questions about Fama French model: 1. ask about general idea what Fama French model is 2. ask about what factors fama french uses in the model 3. ...
T. Rowe Price - Interview - GeneralistThe most surprising question was when he asked me to tell him about a time I faced an ethical dilemma; what was my decision and my thought process behind it. Another question they asked was "Tell us about a time you faced a difficult decision as a leader and what was the outcome?" Finally, the last...
JPMorgan Chase - Interview - Asset Managementif a company issues a corporate bond, how does it affect the three financial statements? prioritizing three different tasks. if you had $100 and you need to invest it in something with the highest returns for one year, what would that be? why asset management? why products? what are you doing this s...
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Potential Pathways to Investment Management from Corporate FinanceFinally moving to a large metropolitan area with great opportunities, wondering what would be a realistic pathway to end up in institutional investment management in 5-10 years. Feels like I'm sitting in a solid place for a career path I do not want (in Corporate Finance), and it is also difficult t...
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No Internship, Possible to Get a Full Time in Wealth Management I am a rising senior at a target school studying History. I have a high GPA and participate in extracurriculars, though they are entrepreneurship/non-profit related. I went through the recruiting for consulting and ended up without an offer. I also haphazardly attempted wealth management at a few ba...
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Morgan Stanley Smith Barney - Interview - Private Wealth ManagementWhy Morgan Stanley? Why Private Wealth Management? Why Chicago? What was the most adversity you ever had to go through and how did you respond? Tell me about a time you had to work under pressure and what was the biggest challenge? Where did the S&P 500 close yesterday? What is the yield on the 10 y...
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Starting career at a small fundThought I'd tap into the wisdom of WSO old heads for advice. Background: Finance student at a semi-target. Decent grades (think GPA 3.4-3.6). Been interested in markets before college, probably why I chose a crappy degree. The situation: there's a small EM fund (think $100/$200 aum) I've recently...
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Purpose from Asset ManagementHi everyone-- something I've been wondering for a while and considering if AM/investing is something to focus on trying to get into as a career path: Investing is clearly a thoughtful and complicated profession to choose i.e. you won't get bored and it will stay interesting over time. However, how ...
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Benefits of learning R languageHi, I have my heart set on a career in portfolio management. Is it worth it investing the time in learning the R language? Working in finance you deal with data and analysis all the time so my assumption is that it wouldn't hurt. Thanks...
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PIMCO- FT Superday/AssessmentIs anyone familiar with PIMCO's superdays? I am interviewing with a department that isn't the most technical (isn't Account/Portfolio, more client relationships) and am curious how the interviews and the 'assessment' are. Is the assessment an excel test? If so, what functions/formulas are expected?...
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BNY Salary - PrincipalAnyone have any insight into salary + bonus for a Principal at BNY? Position would be in Corporate Development and Partnerships....
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Technical Skills in AMAs a 2nd year analyst in IBD at a BB, I am wondering what the technical skills are if I were to move to an Asset Manager (equity long-only) in a 1/2 years' experience Research Associate type role? Due to lack of deal-flow, my modelling experience has been limited. Will an asset manager grill on this...
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UBS AG - Review - Wealth ManagementGreat collaboration, managers want you to succeed, transparency from senior leadership is high, rotations allow you to experience both client facing & quantitative work.. Internal mobility isn't the greatest, some rotations can be boring/lack challenging work, some analyst get burned out by the 5th...
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Cohen & Steers - thoughts?Any thoughts on this firm? Culture, pay, reputation, anything really. Hasn't been discussed much on here, thanks in advance....
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Which job title works under Portfolio Managers?I am six months out of college and have been working as a financial analyst at a boutique financial advisory firm. I am looking to get closer to what I am passionate about, which is investment management (equities). I would like some guidance as to the positions/title and what companies that role al...
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Investment Analyst at Insurance Firm to Fund ManagerHi all, I secured a job after graduating and am currently working as an Investment Analyst at a large Insurance firm's investment management team on fixed income. I hope to eventually work at a large fund manager one day and move up the ranks. Quick questions: 1. Is working as an Investment Analys...
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SCS Financial - Interview - Private EquityNone of the questions were too challenging, why are you interested in the private equity industry, why SCS financial, what is the angle between the minute hand and the hour hand of a clock at 3:15. what is dry powder, do you have any expierence with salesforce. In general the questions were just fit...
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Should I do S&T or AM if my goal is to be a PM?Currently a sophomore in undergrad looking for some advice... I am debating whether to pursue a S&T internship at a BB or an AM internship at an institutional shop if my main goal is to be a portfolio manager down the road. On the S&T side, I would learn more about the markets, but the career path...
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Sources to solicit freelance researchHi, does anyone know good sources to pay for some proprietary equity research? Im looking for a somewhere I can request decent fundamental analysis on a stock along the lines of a buy-side value oriented structure or a sell-side Initiating Coverage report. I have little time and would like somewher...
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JPMorgan Chase - Review - Private BankingLarge organization with strong infrastructure Pay is extremely generous for hours worked (especially in regional offices, NY is a bit more rough) Not commissions based and not sales focused either. No expectations to bring in clients or revenue for at least 5 years. Although they won't tell you, the...
Wellington Management - Interview - Investments1 How would you estimate the size of the US luggage market? 2 Quickly, what is 9000 divided by 8? (and how did you get there?) 3 What are you reading right now? What is the best thing you've read all year? 4 What is your biggest pet-peeve? 5 What would you be most interested in researching right now...
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Break out from national champion to global champion - WM Investment ResearchI have recently started (I am relatively fresh out of uni) on an Investment Research position in Wealth Management (investment strategy dep.) with a firm that is very well regarded in my country, and our region of Europe in general. They are however not so very global. I could be very satisfied with...
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Learning about asset allocationHey yall, Im interested in learning of asset allocation and its role in funds. What are some books/ online resources yall recommend? Thanks, Betseat...
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JP Morgan Private Bank Analyst SalariesWhat is the CURRENT salary for 1st, 2nd, and 3rd year analysts in the Private Bank at JP Morgan? Also, what was the range of bonuses for each of those classes last year? Thank you. ...
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Asked for references after in person interview, is it a sign that I should hear back soon?I went in for an in person interview with 3 of the PM's at a small asset management firm recently after passing an initial phone interview. They asked me for references after I sent a thank you followup email the next day after the in person interview. Is this a good sign that an offer will be made ...
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TIAA CREF - Review - GeneralistEveryone is very helpful and work/life balance is great. You really get the support of anyone working at the firm whether or not they are in the division.. Work flow was very slow. Some days there you’d be very busy but most of the time there isn’t much to do even if you look around for work you...
BlackRock - Interview - Asset ManagementNothing too difficult really. Questions about modeling private companies' exposures to various factors in the market (e.g. exposure to oil prices or interest rate risk, etc.). A lot of it was behavioral and gauging your interest in investing and/or markets. Questions about what you did in school and...
Goldman Sachs - Interview - Private Wealth ManagementThere was nothing that I did not expect. Why private wealth, why goldman, etc. Very standard interview but it was cut short. In other interviews I head the third questions was a market question but I did not have the opportunity to receive that question likely due to the time constraints imposed. ...
Sumitomo Mitsui Trust Bank - Interview - GeneralistThe full investment memo was not unexpected but was the most difficult part of the interview. I had 1 hour to read the materials, summarize the company and industry, go through the performance and outline key metrics to follow (leverage, EBITDA, interest coverage, etc) and then pitch it to the two p...
Goldman Sachs - Review - Investment ManagementThe team is great! Very inclusive and friendly. Also try and help professional development. Exposure to senior leaders. . I feel the salary could be higher for the amount of work we do. Work life balance can be an issue when it’s very busy. ...
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Any current or former PIMCO employees out there?I have an interview there next week, just looking for some general insight on culture and hiring process....
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Why I think certifications like the CFA are overrated (mostly just stating the obvious)Throwaway post. Random opening thought: I think it's natural for everyone to 'talk their book', after all there's a reason we choose to be positioned in certain ways in life. I work in the AM industry, and sometimes hear people mention the CFA as a 'must have', (not literally of course) whether fo...
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AMA: external Wholesaler Hi everyone, I'm an external wholesaler in a major metro market. I saw a number of posts regarding this field so I figured I'd do a AMA to help those interested in this field. fire away! Just an FYI, don't get discouraged if after a week or so it takes me a little while to respond, I'm In sales...qu...
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Fixed Income Interview - Current quirks?Hi all, I have an interview soon for an every level role for UK/EU credit team. So I've researched this forum and internet for classic FI questions, and I got my Fabozzi handbook to cover the basics. What I'm wondering is your thoughts on current FI/Euro Economy quirks that are particular talkin...
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