Just got placed into ML's Global Wealth & Investment Management's Global Investment Solutions' Alternative Investments Group. I know, it's a mouthful.
Background: NYU Stern Finance undergrad, 4 years in a Jr. PM role trading structured products (subprime mortgages, unfortunately) for a non-BB prop-desk-turned-HF, then Wharton MBA 2010, PE major.
A few questions: 1) am I making the right move here? Not that I had other offers, but just want to make sure this is front office work / profit center.
2) What does the AI unit within wealth management do, typically? Is it basically a FoF for HNW individuals?
3) What is the career track/progression in someone for this position? For example, would I be able to transfer into prop AI within BAML institutional? Or switch back to buy side in a while?
4) End of your bonus, if anyone knows. Starting/sign-on is on par with IBD associates.
Any advice/help would be appreciated. Thanks!
MBAmonkey -
How do you like working in the GWIM GIS Group thus far?
I'll be attending the SuperDay for the GWIM Associate Program, and will be interviewing with the Global Investment Solutions, Global Client Coverage, and GWIM Banking Groups. What should I expect for the interviews? More technical or behavioral questions?
Your insight/help would be greatly appreciated. Thanks!
BoA - ML GWM Alternative Investments (Originally Posted: 01/26/2010)
I've been offered an interview for SA GWM Alternative Investments. Can anyone speak to what this internship (or even FT job) actually entails? Thanks
Yes I am interested in this. GWM has always confused me. Is this private wealth management or not?
Yes, GWM is basically the same thing as PWM.
A little confused how this group fits into the same category. At least at BoA
Alternative Investments & Asset Management (Boston, MA and New York, NY)
Alternative Investment Asset Management is dedicated to delivering products to qualified institutional and high net worth clients that extend beyond traditional stock and bond offerings. The primary objective of Alternative Investment Asset Management is to provide qualified clients with a wide range of alternative investment products that have the potential to achieve attractive risk-adjusted returns. The group is responsible for research and portfolio management for a range of diversified alternative investment solutions, encompassing hedge funds, private equity funds and real estate.
check PMs
interested in this as well if you have any info MBAmoney - most appreciated.
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