+2PM wants me to retract my intern position from my resume?


This is a really weird situation, and I'm not 100% on how to handle it. So my Dad is the CIO of a boutique IM firm. Over my winter and spring break they brought me in to do some work for them as an informal internship. I was paid off the books. Anyway, the firm has a pretty strict...

+2interview question - where would you invest your money and how does this differ from investing clients


Hi looking for some advice on an interview ill be having tomorrow. I have modelled an answer as below points if anyone can add/comment please

+2PWM Exit Opportunities?


Hello, what are the exit opportunities facing <span class='keyword_link'><a href="/finance-dictionary/what-is-private-wealth-management-PWM">analysts in <abbr title="private wealth management">PWM</abbr></a></span> from...

+2What internship should sophomores in Asset management be looking for?


Should sophomores in asset management look for an internship in a hedge fund? Should sophomores just try to get an internship through family or friends to set them up for their junior year? Anyone have advice?

+2Best Entry Level Asset/Investment Management Programs?


Hi <abbr title="Wall Street Oasis">WSO</abbr>, So I'll be going into my senior year of college this upcoming year and I'm starting to search around for different entry level programs in asset/investment management. I'm pretty much open to all locations and...

+2Sell Side Trading (not prop) vs Associate PM on buy side


I posted this as a response to another post, but am posting it here again (with some additions) because I am confused between sell side <span class='keyword_link'><a href="/finance-dictionary/trading-overview">trading</a></span> (not prop) and a...

+2How long till PM?


Hi all, I recently got a permanent role in <abbr title="asset management">AM</abbr> - after two rounds of internships. During my conversation with my boss he was talking about an accelerated path to PM. Bearing in mind this is Fixed Income in London, he was talking...

+2Fair Comp Advice


Hi All, Getting a promotion soon because I'm 2 years in. I want to make sure they aren't going to promote just for the title and there will be a fair comp associated with it. I know in the banks they do <span class='keyword_link'><a...

+2BlackRock post-superday wait time


Hey guys! I had a <span class='keyword_link'><a href="/tag/superday">superday with BlackRock</a></span> last week and haven't heard back yet. About how long does it take to hear back, and how long should I wait before reaching out to HR? Update:...

+2Is it too late to start studying CFA?


I plan on taking <abbr title="Chartered Financial Analyst ">CFA</abbr> level 1 this year but started a new job and didn't get started as early as I'd like. At this point do you consider December to be reasonable or should I wait to sit for it in June?

+2Job Search - Staffing agencies


Hello, I'm looking for a summer internship in Asset Management, but in between grad school, preparation for the <abbr title="Chartered Financial Analyst">CFA</abbr> exam, and a part-time job I don't have any time left to search for a job. My friend has...

+2Expected Market Returns


I can't figure out how the expected market return is calculated. I understand it's function in <abbr title="capital asset pricing model">CAPM</abbr> and in determining beta. But I don't see how any value for expected market return, market covariance with your...

+2Goldman Sachs Fixed Income Group (GSAM) vs Market Solutions Group


Which group do you think is better entering as a <abbr title="full time">FT</abbr> analyst? Both seem like good groups with many exit ops.

+2Bank of America GWIM Internship


So I have been doing a lot of research in the Investment Management/<span class='keyword_link'>Asset Management</a></span> industry and came across <abbr title="Bank of America Merrill Lynch">BAML</abbr></abbr>'s GWIM division, but...

+2Too late to get a new job post graduation?


I work in <abbr title="asset management">AM</abbr> for a large <abbr title="bulge bracket">BB</abbr>. I am an intern and have worked there since January 2017, so a year plus. I did not go through the normal hiring process since they needed some...

+2UBS Chicago vs. Citigroup Chicago


........ ...

+2Switching from economist at Amazon to AM


If you work as an Economist doing forecasting at <span class='keyword_link'><a href="/company/amazon" target="_blank">Amazon</a></span>, would it be possible to later switch to AM? I have a finance background (education-wise) but no...

+2FRM challenge - free online test


Hey everyone, If you're prepping for the upcoming FRM exam, check out this free FRM test: You'll get a comparative report at the end of the test as well. Onward, RiskManager316

+2From Data Scientist to AM


This is for anyone that comes from a mixed background like myself and is looking to break into AM. This is also me asking for any insight from anyone who was in my shoes that has been successful in their transition into AM. Up until this year, I've been a Nat Gas FP&A Analyst, a R...

+2JPMorgan Global Wealth Management Analyst 2017


I recently had a video interview for the Global Wealth Management Analyst position in Asia(Singapore/HK) where I had to send self-recorded responses. Did anyone else give it too and did anyone hear back?

+2Help With Offers


I am deciding between two internship offers with upcoming expirations. My career goal is to eventually move into Buy-Side Asset Management. 1st Offer: Investment Research Intern for Wealth Management The company outsources most of its investment research and investment decisions to...

+2Institutional sales or Equity Research

John Walker

I have two <abbr title="summer analyst intern">SA</abbr> offers and need help with a decision 1) Alternative Investment Institutional Sales at a big buy-side firm or 2) <abbr title="equity research">ER</abbr> at a <abbr title="bulge...

+2Goldman Sachs PWM


Just got an email out of the blue asking if I wanted to interview for a <abbr title="private wealth management">PWM</abbr> position on Dallas (not quite equities, but...) Couple of questions: 1. How has Goldman's <abbr title="private wealth...

+2Useless PWM Internship?


I think I screwed myself over in the beginning with this internship. When my supervisor asked what I wanted to do, I was too vague and now I'm doing pointless work. I've only been doing it for a week though. I know <abbr title="private wealth...

+2Portfolio Management test


I'll have a test for a PM role at a local retail bank next week. It's mostly about managing the pension funds + some mutual funds and individual portfolios, also the position is related to equities only. I assume the questions would be similar to <abbr title="Chartered...

+2Become a Portfolio Manager after being Sales


After a few years as a Sales in a big Asset Management firm + the <abbr title="Chartered Financial Analyst">CFA</abbr>, is it possible to become a Portfolio Manager?

+2Excel Knowledge for Asset Management


Anyone know about the amount of excel knowledge needed to perform well in an asset management role. Also what are the important functions that I will use and/or specific excel courses that could be helpful? Thanks.

+2GS Global Portfolio Solutions


I've tried searching through the forum for more information on Goldman's GPS group within the portfolio management group of GSAM, but couldn't find anything. I know that GSAM has a ton of different groups, which range from <abbr title="private wealth...

+2Asset Management Interview Preparation


Hi all, I recently got a 1st round interview for an analyst role at a mid-size Asset Management firm (deals with both institutional and high wet work individuals). I was wondering what would be the interview process will be like. Any technical should I brush up on? and what kind of person...

+2Investment Analyst at Insurance Firm to Fund Manager


Hi 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...

+2Blackrock Finacial Market Advisory


Does anyone have experience with the Blackrock FMA division? Would you recommend it over classic <abbr title="asset management">AM</abbr> at Blackrock or any other large AM?

+2Citi IBD vs. AM in GS/JPM/MS for SA


The title is pretty self-explanatory. Which one would you choose? Also, since there is not as much information about <abbr title="asset management">AM</abbr> on here, if you did an internship in <abbr title="asset management">AM</abbr> in one of the...

+2Salary Progression in Asset Management


What 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...

+2Can someone help me understand the difference between services provided by PMW, FA, and accounting firms?


Hi all, Pardon is this has been asked plenty of times. It has recently come to my attention that my brother in law has an accounting firm that essentially manages and handles his finances in every conceivable way ( pays his bills, makes sure there's no fraudulent charges, handles all...

+2Underpaid or not?


Here's some background on myself: I am a recent college graduate with three summers worth of financial services internship experience on the buy side and sell side. I accepted an offer with a buy side asset manager( Upward of 120bn AUM). My position is a junior trader on the equities...

+2How Can Fidelity Offer 0% Expense Ratio for Indexing?

Sunshine Funshine

How are companies like Fidelity able to offer an index fund with literally zero fees to investors? How are these asset management companies able to reduce their costs by so much?



Hi guys, Wanted to know if there was any info on the <span class='keyword_link'><a href="/company/ubs-ag">reputation of UBS</a></span>' <abbr title="asset management">AM</abbr> arm? I understand its gotten a lot of heat...

+2Help with my career path into AM


I recently accepted an internship offer to work in operations at <abbr title="Credit Suisse">CS</abbr> for this summer following my sophomore year. I am an Economics student at Villanova with a 3.5 looking to hopefully break into <abbr title="asset...

+2PWM out of college


I have a couple offers to start building my own wealth management company out of college. I've heard a lot about how hard it is to build a book in the beginning. Looking for recommendations to either go right into it or get experience first before starting.

+2Europe career prospects


Is there is anyone who could give some advices regarding <abbr title="asset management">AM</abbr> in continental Europe. What are the most sought after countries,cities,firms and how does the salary range.I am new in this area so could you explain as much as possible? (I am...

+2Top 3 pay in the UK : Allianz Asset, Man Group, Henderson Global Investors

Pitbull Class

Financial Times and FinAlt report that <span class='keyword_link'><a href="/company/man-group" target="_blank">Man Group</a></span> paid staff an average of £232,000 last year, <span class='keyword_link'><a...

+2Caculate a total return index from Libor indices


Hi everyone, I am looking to recreate a total return index for Libor rates (1 month and 3 month) similar to the ones in Bloomberg as they were discontinued after June 2018. I tried something very simple such as Daily Return on Libor 1 month * (30/360) to get an approximation but my result is...

+2What's the difference b/w asset managers, like BlackRock, and the AM arm of investment banks?

Paul Frank

What is the difference between buy-side asset managers, <span class='keyword_link'><a href="/company/blackrock" target="_blank">like BlackRock</a></span>, and the <span class='keyword_link'><a...

+2How prestigious is PIMCO Business Development Research?


Wondering how it compares to <abbr title="bulge bracket">BB</abbr> <abbr title="investment banking division">IBD</abbr> and how tough it would be to lateral internally in PIMCO? How would <abbr title="bulge bracket">BB</abbr> look...

+2GSAM Fundamental Equity?


Hey guys, was hoping to get some thoughts about GSAM - Fundamental Equity as I received an offer to be an Analyst on an investment team. Currently an <abbr title="investment banking">IB</abbr> Analyst. Hoping to get some opinions on career trajectory, exit...

+2LEGOs as an Alternative Investment?


So the other day I read this article by Bloomberg saying that over the past decade some lego sets have brought higher returns than the S&P 500. Is it theoretically possible to invest in lego toys as an alternative investment and treat them as an asset class? I used to build legos when I...

+2Difference between Asset Mgmt and Hedge Funds


What is the <span class='keyword_link'><a href="/finance-dictionary/what-is-asset-management-AM">difference between Asset Management</a></span> and a Hedge Fund? Would it be that in Asset Management you are creating different portfolios for different...

+2Should 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 <abbr title="Sales and Trading">S&T</abbr> internship at a <span class='keyword_link'><a...

+2How easy is it to switch from Wealth Management to Asset Management?


How easy is it to switch from Wealth Management to Asset Management?

+2University Endowment Fund Analyst


Interested in hearing your guys opinions on what values there are in seeking a part-time investment analyst position at a university endowment fund. I just want to point out that I want to do this solely for experience in long-term value investing and asset management. The endowment fund is...

+2Exit opportunities from big traditional asset manager?


What are the exit opportunities for someone with 1-3 years experience as an equities analyst at a well known, big (>$500bn AUM) asset management firm? Finding my current role over the past couple of years very slow-paced and dull so thinking about changing. How easy is it to get to...

+2PIMCO Account Manager Associate


Has anyone recently interviewed for the <span class='keyword_link'><a href="/company/pacific-investment-management-company-pimco" target="_blank">PIMCO</a></span> Summer Account manager position. How are the interview questions? Is it...

+2UBS Asset Management Summer Analyst Program


Has anyone heard back yet? For some reason they opened this application up really late (a few weeks ago). I was under the impression that all banks were done recruiting for the summer of 2017 but I guess UBS <abbr title="asset management">AM</abbr> filling positions? Anyone...

+2Comp at BlackRock PMG



+2How to keep your financial models when you switch firms


Title is pretty self explanatory. How do you ensure that you keep your financials models with you if you were to switch firms? Some of these models take weeks to create, would be nice to have them in the future. I've worked at several shops were coworkers have models they created at...

+2JPMorgan Video Interview

Yankee Doodle

Hey monkeys! I'm a junior at a non-target. Just made <span class='keyword_link'><a href="/company/jpmorgan-chase">it to <abbr title="JP Morgan">JPM</abbr></a></span>'s <abbr title="asset...

+2Leave tech firm to be a Wholesaler


I'm currently a Account Executive for a top Social media firm "LI" and I am debating whether or not to leave the tech industry to be a Wholesaler ? Any thoughts?

+2What exactly is GS PWM, SSG and RMD ?


Got an invitation for a physical interview. I have some experience with <span class='keyword_link'><a href="/finance-dictionary/trading-overview">trading</a></span> ops/deriv ops, managing futures for hedging and doing wire transfers, cash transfers...

+2ESOP with a failing company


Hey monkeys, Who the hell knows how ESOPs work? If a company is failing and intends to file for bankruptcy, are the employee's individual ESOP plans protected? My mothers company is failing terribly and the CEO is currently working on his 10-year transformation plan, but I believe that...

+2Has anyone interviewed with Capital Group before?


Has anyone interviewed before for the full time Investment Group Research Associate position in LA? Can't seem to find much on here and can't tell what the process is/how many rounds/technical vs. fit. Don't know a lot about this position since I've only interned on the...

+2Goldman Sachs Referral and Application Process


So on 1/3 I submitted an application for a role at <span class='keyword_link'><a href="/company/goldman-sachs"><abbr title="Goldman Sachs">GS</abbr></a></span>. Yesterday, I received an update on the app that I am "currently...

+2S&P Credit Analyst Interview


Hi, I'm a junior at a semi/non target school (Tufts) and managed to land an interview for the credit analyst role at S&P. I have prior internship experience at a fund of funds where I did some <span class='keyword_link'><a...

+2Starting RIA - license and sponsorship


Hello, If I started an RIA would I then be able to sponsor myself for licenses. If so would there need to be a waiting period? Thanks.

+2Advice on Pensions & Endowments in Texas


Looking 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 <span...

+2Graduate Scheme


So here in the UK <abbr title="investment banking">IB</abbr> and <abbr title="asset management">AM</abbr> firms hire "graduates" meaning you work for 2 years on a rotational basis working with different groups and then if they like you after...

+2Most practical valuation book?

Great White Short

Wanted to get WSO's opinion on which valuation book (Rosenbaums, Damodaran, <span class='keyword_link'><a href="" target="_blank">McKinsey</a></span>, TTS etc.) is the best from a practical perspective....

+2Blackrock Financial Market Advisory (FMA)


Recently received a <abbr title="full time">FT</abbr> offer for this group and wanted to get some more up-to-date insight on where this group stands. I've read almost everything about this group that's been on <abbr title="Wall Street...

+2Good Fixed-Income investing book?


What are some good fixed-income investing books? I have the <abbr title="Chartered Financial Analyst">CFA</abbr> curriculum, which provides a wealth of information, but I'm looking for something a little less academic. Topic of interest include: distressed debt...

+2Asset management firms in Dallas/Houston?


Hey everyone, There are some incomplete lists on other threads, but I'm looking to see if anyone knows of some mutual funds, hedge funds, or other buy-side <span class='keyword_link'><a href="/forums/top-asset-management-firms">asset management...

+2J.P. Morgan Private Bank Compensation


Hi All, Currently waiting on an offer from <abbr title="JP Morgan">JPM</abbr> <abbr title="private banking">PB</abbr> for a Banker Associate. I have heard varying numbers regarding comp. Can anyone provide what the comp is by year, both salary and...

+2Asset Management in Canada


Hi Monkeys, Can someone enlighten me on how to break into <abbr title="asset management">AM</abbr> in Canada, the salary and how the promotion process to PM is? More so in mutual funds in Canadian banks, or well-established investment management firms like Fidelity and...

+2MBA for Immigration, worth it?


Hi guys, I did my undergrad at a top Indian college (think #1) and then straightaway enrolled at an <abbr title="Masters in Business Administration">MBA</abbr> program in India (Indian Top 5). I had interned at a top consult (think McK, <span...

+2How to prepare myself for upcoming PWM internship???


I will try to keep this short. I come from a non-target school, 3.3GPA, but investment is all my passion, and I have been investing (equity, options, and recently commodity futures) since middle school (Chinese market and then changed to US market when immigrated). like everyone else, I was...

+2Tips for BlackRock - Alternative Investment Interview


I have a phone interview coming up for Blackrocks alternative investment division. They didn't saw which group. I'm a sophomore. What kind of technical questions can I expect?

+2Is CFA preferred/required in the Private Banking world?


As title states, is the <abbr title="Chartered Financial Analyst">CFA</abbr> eventually needed in the long term for Private Banking?

+2Asset Management Target Schools


According to WSJ ([A List of Top Schools Feeding the Asset Management Industry](, top schools for breaking into AM out of ugrad include: - HYPW - Chicago - Columbia - Stern - Berkeley -...

+2BlackRock Job Posting Success?


Hey guys, Has anybody had success, or know someone who has been successful, posting their resume to job postings on <span class='keyword_link'><a href="/company/blackrock" target="_blank">BlackRock</a></span>'s career section of their...

+2Salary for an entry role at Asset Management


Hey guys, I’m currently working as an intern at an asset management company (AUM of over $10 bil). I’m likely to get accepted in as an analyst, but I’m really confused as to what the industry pay is like. As the numbers that have floated around this forum about <abbr...

+2Disappointed in new job

I Do Even

(So this role isn't actually in <abbr title="investment banking">IB</abbr>, but this is the most active topic and I wanted to get some advice.) I'm a recent graduate and after a couple of months of applying for roles, I managed to get an offer from a mid-sized...

+2salaries database: direct investment @ pension funds


if this has already been shared here, feel free to ignore or delete but you can see what direct investment guys are paid (can search by the person's name, title, etc) at public pension funds across the nation:

+2Graduating Spring 2014. Should I pursue internship or full-time opportunity for the summer?


Hello everyone, First post on here, not sure how much feed back I will receive, but I will give this a shot. Situation: -I will be graduating in Spring 2014. -I have a 3.85 GPA -Highly involved in student managed investment clubs and work with the department of finance at my university...

+2Different teams within an asset management firms


I was wondering if anyone could discuss the merits of working in various parts (e.g. fixed income, equity research etc.) of an Asset Management firm? My preference is to work in fairly quantitative role that is intellectually stimulating, but that also has strong career prospects moving forward.

+2Asset Management: how to switch OUT from Sales / MO / BO to Investment roles


Yes, you work in a cool <abbr title="asset management">AM</abbr> / WM company, but for some reason you are NOT acquiring the necessary "hard" skill set needed to succeed in a <abbr title="front office">FO</abbr> Investment role. You ended...

+2Boston AM: How Hard to get?


I'm about a year out from the end of my military contract. I went in to become a pilot, ended up coming out as a supply officer and am now ready to get out so I can have at least a bit more of a stable life with my wife. She's doing her post doc at UNC, and outside of me getting...

+2Purpose from Asset Management


Hi everyone-- something I've been wondering for a while and considering if <abbr title="asset management">AM</abbr>/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....

+2AM Research Associate Pay


Wondering about 1st year Research associate comp at asset managers - this forum isn't very active, and all the estimates I've seen seem to be around 70k salary +10k bonus from like 2-3+ years ago. Are there any updated data points? Just to throw my hat in the ring, I have an offer...

+2Beginning to study for CFA L1 and wondering best practices for note taking / review in general.


Hey all, First off thank you for any and all input. As the title states I'm getting into the thick of my <abbr title="Chartered Financial Analyst">CFA</abbr> L1 prepping for December. I've been going through the books and reading / highlighting / writing notes...

+2BlackRock PAG 2017 Superday


Starting a thread for the 2017 PAG super day in <abbr title="New York City">NYC</abbr>. Has anyone heard back from the 11/7 11/8 superdays yet? Know that there were a couple ones in October as well, did anyone hear back with offers or rejections? HR told us the...

+2Investment Consulting to Asset Management Transition


I currently work in the research side of a leading investment consultant (have been there for a little over 3 years) for endowments, foundations, private clients, and pensions, essentially helping formulate investment strategies for clients. Very top down, macro level stuff. I just passed L3 of...

+2Is PWM and PB mainly just bringing in money?


I had a <abbr title="private wealth management">PWM</abbr> internship at a top bank and it seems as if there is little to no finance involved. The advisor really only research which investment managers to use. Is this how it is in all <abbr title="private...

+2What is the "McK/B/BCG" of asset management?? (e.g. - the unanimously agreed upon top firms)


If one wants to have a successful <span class='keyword_link'><a href="/guide/consulting-case-interviews">management consulting</a></span> career (or eventually wants to become a ceo), chosing a firm is simple...go for the top three...<span...

+2Full Time Entry Level Research Associate Positions in AM still open for 2018 grads?


Anyone have any idea what firms are still looking for full time employees? I know that Western has a different hiring policy than most firms, but that's the only one I know of. Any advice and insight is appreciated.

+2Buy Side ABS Analyst


This may not be appropriate for the <abbr title="investment banking">IB</abbr> forum but it has the most activity. I have an interview for an <span class='keyword_link'><a...

+2A question about client preferences in private wealth


Client preferences in <abbr title="private wealth management">PWM</abbr> I am working on a college project, I was wondering what parameters a wealth manager would use in order to deliver tailored investment advice to the client? E.g. would you ask the client about...

+2BB AM or BlackRock?


Hi guys, First post here. Is there any difference in terms of roles in working at an <abbr title="asset management">AM</abbr> arm of a <abbr title="bulge bracket">BB</abbr> compared to a more traditional <abbr title="asset...

+2what the hell do I do anymore


I'm a guy who's just graduated from the Uni of Nottingham with a 2:1. Missed a 1st by 0.06% because I was busy doing over 100 graduate and internship applications and ending up with sh*t all. It's almost the middle of summer and the internships for summer or starting in September...

+2401k Allocation


How should I allocate my 401k if I'm 24? The following are the options: Target Date <span class='keyword_link'><a href="/company/t-rowe-price" target="_blank">T. Rowe Price</a></span> Retirement Income T. Rowe Price Retirement...

+2Picking up sectors ASAP


Hi all, just wondering if any of you have any advice in learning a unknown sector in the shortest amount of time other than reading news-related, firm-related, outlooks. maybe these are the few, but if it was to be in order? will be working as a generalist so there is a need for me to broaden...

+2Top Asset management firms in Toronto


Please can anyone recommend any top asset management firms in Toronto worth working for? I will be going for a Co-op term in Fall 2018. I don't care about the pay that much. i just want to learn as much as possible.

+2Asset. Vs. Wealth. Vs. Other


I am extremely good <span class='keyword_link'><a href="/finance-dictionary/trading-overview">at forex trading</a></span> the past 5 years, I'm very good at analyizing real estate and identifying opportunities in real estate, and i have stared...