Hi all,
Hoping to get some leads to start networking to land a sweet AM gig out of undergrad. I'm currently a rising junior interning at a very small, but growing AM firm. What are some LA based firms that are considered "Top" and are not opposed to intern--->full-time programs?
thanks for all the help
Also, if my hope is to eventually land at one of these such firms, should I also consider ER at IB's?
Have you considered staying with your current firm if it's growing? Interning at the small firm this summer, and then next summer would put you in a great position to get a FT offer and then fast advancement since it's small and you already know how the place works.
I've considered it, I'm sort of just waiting to see what the experience will be like at the moment. The firm just recently acquired two mutual funds bringing AUM to about~120m and 4 funds total. Literally the only employees are the 3 PM's and myself, so there is definitely an opportunity to move into a decision making role very early on. The flip-side to this, if the firm does not pan out as planned, I could potentially be stuck with an entry level job with no real brand name. Hence, I'd potentially like to set myself up with an established name. But I will take in the experience as it comes
TCW is the only one I can think of off the top of my head that hires undergrads for research (PIMCO does for credit research). Payden & Rygel might. Maybe Hotchkis & Wiley too.
Capital Group will hire undergrads, but mainly for its godawful TAP rotational. Western Asset will also hire, but not for research. DoubleLine, the LA Hedge funds, and other more niche-y managers are all pretty much geared towards experienced candidates.
I'd cast a wider net. Don't limit yourself to LA (or CA in general).
TCW does not hire anyone into credit research out of undergraduate. Equity research I'm not so sure. One UCLA student made it into the rates desk a while back.
Hypothetically, if I wanted to stay in LA, should I look into other career paths, say ER, IBIM, or traditional IB, and target a lateral into firms such as this. Where are I am interning currently seems to have a great culture/lifestyle and I definitely see AM as an ideal career choice, but I'm worried I may niche myself by starting at such a small firm/not aiming for prestigious programs.
Not LA, but Brandeis also hires undergrads (SD)
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Well that is obviously the current plan. I guess a more pointed question, if my ultimate goal is to end up at such a firm, is which path most directly translates into success in the AM field. By knowing and considering this, I can better prepare myself (Networking, interview prep) to succeed in said industry, by devoting more of my time to it rather than one of the alternatives. If you have any experience in one of the above fields, or have gone through a similar lateral transition, I'd love to hear about it.
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Brandes in San Diego hires a couple of undergrads a year.
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