T Rowe Price and Legg Mason

I am interested in getting into Asset Management industry. I live around Mid-Atlantic and am interested in getting into either T Rowe Price and Legg Mason. Anyone has an idea how to get my foot in the door.

To tell you a little bit about myself, recent grad with a 3.5 GPA from a nontarget. Studied abroad at LSE junior year and helped manage a student investment fund. Currently unemployed but am studying for CPA and CFA level II.

11 Comments
 

Hi

I am mostly interested in researching stocks. I am more concerned about getting in first. I definitely do not mind working a few years in its accounting div before transferring into other divs that involve stock research.

 
Best Response

I don't think you're going to be able to reliably join one of these organizations in accounting before transferring to the investment side. TROW typically hires their analysts from the top MBA programs, but they also have a handful of folks at the pre-MBA level for which I'm not sure how they do their recruiting, I imagine, again, it's from from top schools. I know much less about LM, but I think they hire significantly less in terms of numbers, especially for stock research at LMCM, and as a previous poster mentioned they own different entities so it might be hard to generalize.

I don't have much specific advice for you, but you need to try and get any investment-related job...and then worry about joining a blue-chip firm later. A great way to make the transition later would be through a top MBA program. That said, it's entirely possible that you could have a contact who pushes your resume, and then you crush the interviews. Good luck.

 
IBPEHFVCI don't think you're going to be able to reliably join one of these organizations in accounting before transferring to the investment side. TROW typically hires their analysts from the top MBA programs, but they also have a handful of folks at the pre-MBA level for which I'm not sure how they do their recruiting, I imagine, again, it's from from top schools. I know much less about LM, but I think they hire significantly less in terms of numbers, especially for stock research at LMCM, and as a previous poster mentioned they own different entities so it might be hard to generalize.

I don't have much specific advice for you, but you need to try and get any investment-related job...and then worry about joining a blue-chip firm later. A great way to make the transition later would be through a top MBA program. That said, it's entirely possible that you could have a contact who pushes your resume, and then you crush the interviews. Good luck.

what do you mean by lower level investment-related jobs? are you referring to being an investment analyst at a insurance company etc?

 

Bro, dont be a douche Legg Mason hires ug for port admin jobs and they encourage admin --> cfa --> research --> something else route I have a few friends who are in this process. the admin job is boring and low paying. HOWEVER, their environment is very open, very collegial and intelligent. You get to work with some of the smartest people in their fields.

You may want to start off in sales? ops? show you know the products, keep working on your cfa and make a transition somewhere.

 

LAWN. Thank you very much for the response. here is my question tho. b/c of the economy, I made a conscious decision to not enter the job market. I was about a half dozen accounting classes short last summer. so instead of job searching and taking classes at the same time, I just wanted to focus on the classes. Now I am preparing for the CPA (passed BEC) and CFA II exam and may start job searching once I am done with them. Do you think it will hurt my chance of going into those firms since I don't follow the traditional route (get the job first before taking the exams).

I actually don't mind taking a low paying job just as long as I can learn and have a shot at being an equity analyst at some point. I figure that most people have to work - get their MBA - then get recruited. With the CFA and CFA done sometimes in the future, I can just focus on my job and might just bypass an MBA program.

 

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