Silver BananaTopicReplies
Fred Alger Management - Interview - Equity Research- Had to pitch multiple stocks, was asked in total to pitch 4 longs and 1 short. (Had a tough time doing this as I'd only prepped a limited number of pitches, so was grasping at straws towards the end) - Market sizing question. (Straightforward case style, free-flowing questions with the interviewe...
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Thoughts on the value data science brings to Asset Management?Hi everyone - I've read A LOT over the last few years about data science and it's potential value to Asset Management, especially coming from the CFA Institute publications and blogs. I've worked in portfolio management for a large investment firm for six years after graduating college and got my ...
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Rockefeller Capital ManagementDoes anybody have any familiarity with Rockefeller Capital Management/summer internships in their AM division? I know they are run by Greg Fleming from MS/BAML, but haven't heard much else about them. Thanks!...
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AMA: Current junior quantitative researcherHi everyone, I've enjoyed this forum a lot, despite it mostly being about IB. Overall career advice here has been really good for the most part. @thebrofessor" suggested last week to do an AMA so I thought I would give it a shot. A little about me: I went to a target/semi-target and studied math ...
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RBC Wealth Management - Review - Private Wealth ManagementVery easy work - just your regular "intern" type of work throughout the office. Great pay and flexible hours.. You are not going to learn any equity research or any financial modeling. You will not gain much skills for other types of finance....
JP Morgan Securities - Review - Energy- great freedom to work hours you want as long as work gets done - consensus oriented culture where things kept under lid. - bureaucratic structures impeding Creative flow of thoughts at times - management is overloaded with work ...
Oppenheimer - Review - Investment ResearchThe non-managerial folks were really helpful in my development. I had the opportunity to interact with various departments. Excellent location. Job security is relatively high. . Pay raises were pretty hard to come by (no inflationary raises either), because job security was rather high in my depart...
Fidelity Investments - Review - InvestmentsI enjoyed the company overall. Lots of areas to learn and gain exposure. As an asset management intern there were lots of events.. I disliked how the investment research division was quite separated from the operations division. Wish there were more communication between both. However was able to ta...
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Financial Markets Advisory (FMA) Blackrock superday 11/20/17Just had my superday a couple days ago (11/20) for the Financial Markets Advisory (FMA) Group at BlackRock and wanted to know people’s experience about hearing back. They said 1-2 weeks but i don’t know if they get back to you sooner. Any thoughts? ...
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Fidelity Investments Investment Research Associate Internship 2019I jut got a first round for Fidelity’s Investment Research Associate Internship for Summer 2019 and was wondering what questions to expect/tips for the interview. Any help is appreciated, thanks....
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Bank of America Merrill Lynch - Review - Wealth ManagementNice pay Good work environment relaxed and easy going environment Client interaction plenty of opportunities . Not really anything bad. The office might not be in sync but it is wealth management so advisors work separately. ...
Fidelity Investments - Interview - N/AThe most surprising question was what was your biggest failure in life. I wasn't really prepared for this question because I just didn't expect it I guess. Some other ones are were questions like what is your biggest achievement as well. So it was important to develope an understanding of what an ac...
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Terrible First Company in Industry ExperienceI had a terrible experience at a firm--that I will not name--as my first job in the industry. In short, I walked off the job because I was underpaid (under market) for the work I was doing and that pay did not justify the sexual harassment and rafts of shit I got every day (the company had lots of c...
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Big Data for Alpha GenerationWEBINAR on NEW peer Reviewed research using BIG DATA for Alpha Generation... "Web Luminosity as an Alpha Factor." Message me if you would like to join us on October 23 at 11am EDT or 8pm EDT and I will send you the link to sign up. ...
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BlackRock - Review - Financial Planning and AnalysisInternal mobility, access to training resources, open to receiving feedback from junior members, very smart people in the firm. Internal politics gets in the way of getting things done, face time is valued, poor technology, weak upper management training, senior management vision does not trickle do...
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Blackrock Client Portfolio Solutions (CPS) - Thoughts on Comp?CPS is a new group at BK focusing on building model portfolios (I know there are similar groups like this on the street, e.g., GSAM GPS) and serve as an outsourced CIO. A friend from BK referred me to a VP position in Strategy & Business Development. Link: https://careers.blackrock.com/job/BLACUS31...
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BlackRock - Review - AnalyticsGreat brand name of company, which helped with quality of projects won and exit opportunities... good 401K match. Sometimes could be a bit slow since it's a big company, less face-paced advancements... internal transfer opps weren't well communicated...
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Stock and Credit Pitches for InterviewsHi all, Currently in a top 15-ish MBA program and I could use some help regarding pitches since I am recruiting for buy side roles. For equity I am all set and understand how to put together tear sheets for interviews. However, I want to recruit for fixed income as well and I was hoping someone her...
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Goldman Sachs - Review - Private Wealth ManagementGreat people, encouraged to learn, better hours than a lot of divisions, a lot of managers take a keen interest in junior people. Lower compensation than SecDiv or IBD. Fewer opportunities for progression if you do not aim to be a PWA High turnover at junior levels...
Bank of New York Mellon - Interview - Investment ManagementThe most difficult aspect of the interview was why BNY Mellon. They expect you to know exactly why you want to work for the company. I had very cliche answers but they pressed me to give exact examples beyond just knowing their values and culture statements on their website. I wish I would have rese...
Prudential Capital Group - Interview - InfrastructureWhat makes a company attractive from a debt perspective? Walk through the financial statements What's the affect of a $1 Million increase in Depreciation on the Financial Statements? What's the affect of buying $1 Million in Inventory on the Financial Statements? What story was about Prudential in t...
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Financial Advisor Exit Ops?I'm an FA at a BB in Los Angeles, just seeing what my exit ops are. I've been here for about 7 months and have had enough of cold calling (so no sourcing deals in IB in my future...). I'm fully licensed and love the research side of things but I'm no excel wiz. Just testing the waters to see where o...
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In 2018, what Firm has the best Ultra High Net Worth wealth management training program?It seems after searching on the forums, PWM (private wealth management) has been thrown around a lot and used for the term of regular wealth management - Financial Advisor, financial advising. Where you start up an account at 100k, average account size might be 250k to a few million. But what I'm ...
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Goldman Sachs - Interview - Private Wealth ManagementAsked questions about why I thought wealth management would be a good fit for me specifically and how I would approach several situations. Asked several techincal questions in regards to the situation regarding Turkey and how I thought it would affect other emerging markets. Also discussed my expect...
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How would you invest x amount of capital today?Got blindsided by a surprise superday in 2 days with a fixed income fund...feel like this is a very important question thats bound to be asked, was hoping you guys could critique my initial thoughts and/or offer potential insight...really just want to make sure im even on the right path with this on...
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BNP Paribas - Review - Equity ResearchGreat hours Lots of interaction with senior management Flexibility to engage in projects in more than one sector head. No full-time offers available Not a structured program Can be a lot of downtime if your manager is tied up...
Pacific Life Insurance Company - Review - AnalyticsDecent pay for interns and a good chance to turn it into a full time offer if you don't mess up. Rotational program => pricing, valuation, asset-liability management, hedging, and more. . No relocation bonus and you have to pay for your own real estate for the summer in LA if you do not live local....
Northern Trust - Review - InvestmentsGreat place to start a career, with lots of learning opportunities at the low end. Work/life balance is great, it was rare to work longer than 40 hours in a week.. Low pay and morale continuously declined over the 9 years I spent with the company. Very few opportunities for advancement once you hi...
Sterne Agee - Review - Financial Planning and AnalysisNice place to work hours were ok. They brought me into meeting with clients and hedge funds so I learned a lot . Boring didn't give me interesting tasks. My job was busy work more than anything but I was only 1 year into my undergrad so I didn't know much...
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Getting into Asset ManagementI am an accounting major and will graduate next year. I am planning on getting a Masters of Finance. I was wondering what is the best way to get into Asset Management?...
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HSBC - Review - GeneralistThis experience is rather positive for me since this is the very first experience for me in the industry. . This experience is rather positive for me since this is the very first experience for me in the industry. ...
Fidelity Investments - Interview - Investment ResearchIn general, the interview process was pretty rigorous because I was a sophomore applying for the buy-side. I only spoke to the director of talent acquisition, director of research and a portfolio manager. The firm really tries to vet people through multi-stage in-person interviews. HR asked a lot of...
Wells Fargo and Company - Review - Consumer - Retail-Extremely flexible vacation -Super laid back team (mostly work with parents) -I love everything about my job except I'm pretty over living in San Francisco (too many techies). -Wells Fargo Asset Management typically encourages their analysts to get their CFA (add 20 hours of studying a week to your...
Northern Trust - Review - Wealth ManagementI work on a great team with very smart portfolio managers (all CFAs). Great work/life balance. Pretty good pay. Company will fully pay for my CFA and MBA. . The work is not very analytical and can be pretty tedious at times. Not very much intellectually stimulating work. Mainly putting books togethe...
AllianceBernstein - Interview - Investments1) Name a time you failed 2) Name a teacher or coach who has been a mentor to you or made an impact on your life. 3) You have 2 minutes, please explain something to me that you know and that you think I may not know 4) What are your biggest strengths and weaknesses 5) Do you consider yourself a lead...
Goldman Sachs - Interview - Investment Research1. In a situation that you had a disagreement in how to go about a problem with a superior how did you deal the situation to make them understand that your idea is valid and applicable? 2. Tell me about a time where you had to deal with a team member who was not putting enough work? 3. You have a ...
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BB AM Distribution Intern SuperdayI have a superday coming up with an asset management distribution position within one of BBs. What should I expect and know? Can someone explain the distribution function within AM?...
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AXA Investment Managers - Review - Asset ManagementGreat learning experience and very close to higher hierarchy. The atmosphere is in general pleasant. Great perks for the full timers.. Can't think of any. maybe that no full time offer at the end of internship. Few contact cross department....
BMO Capital Markets - Review - Equity Capital MarketsGood stuff was done here, but it could have been better. Good stuff was done here, but it could have been better. Good stuff was done here, but it could have been better. Good stuff was done here, but it could have been better. . Good stuff was done here, but it could have been better. Good stuff wa...
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Dimensional Fund Advisors - good choice?Hi guys! Hoping to get some insight on what the portfolio management Group is like at Dimensional Fund Advisors. My main concern is their investment philosophy. They base investment decisions on academic research and tend to stick more towards the passive side. If I want to be an active manager one...
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Société Générale - Review - ResearchGreat company to learn from and a lot of opportunities were given to the intern to learn and grow Interesting work. - French oriented company , i.e most of the people were - Few opportunities for a full time job. ...
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How long does BlackRock take to get back to you after the first round interview?Waiting to hear back, wondering if they send out rejections too. Hoping to get some insight on process ...
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SEI Investments - Review - Investment Management- Polite and laidback culture - Great people - Solid intern program with events - Awesome campus and facilities. - Polite and laidback culture - Daily work is a bit repetitive - Large organization so there is a fair amount of red tape...
Plante Moran Wealth Management - Review - Wealth Managementgreat culture, the firm truly cares about the people. Took the interns to Detroit and Chicago. Placed us in nice hotels, great meals. Very responsive workplace. . The work was somewhat repetitive. Not able to dive deeper into certain clients. Wanted to explore more in the PE space. ...
The Principal Financial Group - Review - N/AGreat work enviorment. You were given a mentor who was always able to answer questions and guide you through the internship.. Not a great area. Des Moines is one of the only decent cities in Iowa but it still is pretty dry there. ...
BlackRock - Review - N/APeople are very hard working and smart, company offers nice swag and the brand BlackRock is very strong on resume. The company didn't offer to pay any relocation money and when questioned about it they said that I shouldn't make my decision based on money...
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PWM and PB Questions1) How does the hierarchy look for PB/PWM? For example, at JPM Private Bank, does the hierarchy generally follow the same titles as IB? As in, analyst -> associate -> VP -> Director -> MD. 2) How is the general atmosphere at a PWM/PB firm? Is there a constant competitive feeling to keep up with you...
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JPMorgan Chase - Review - Private Wealth ManagementGreat training (all asset and wealth management 1st years get to spend 4 weeks in NY no matter where they are based around the globe) and huge internal mobility after 2/3 years. Great reputation and exit opportunities within asset management and hedge fund (equity long short mostly) space. . High wo...
Baring Asset Management - Review - Private EquityGreat learning experience as a Summer intern. Opportunities to do research in your group and rotate to other groups if desired. More work handed down. But that gave opportunity to ask for more or network around the firm. Not many negatives....
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Seeking help for PNC Summer Intern First Round InterviewI am a sophomore at a semi-target, and I was selected for first rounds for PNC summer internships in their asset management group or for corporate/institutional banking - capital markets. Which should I pick? The capital markets one would be harder but more related to IB, but I honestly have no idea...
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AQR Capital Management - Interview - Portfolio ManagementIf observations are duplicated then what is the effect on linear regression coefficients and t statistic? What would would happen if the returns matrix of assets due to some data error had all same entries? Would eigen decomposition of covariance make sense? What happens in case of autocorrelation o...
Lazard - Review - Investment BankingGood work and life balance, persistent work, smart people to work with, great environments and benefits. Not very high compensation or other financial incentives, management could sometimes be too interventionist....
Goldman Sachs - Review - Investment ManagementGreat people; can manage your hours within reason and you are given a lot of freedom by the senior team. As an associate you can manage your own work stream, often directly reporting to MD. . Declining industry; move to passive affecting future growth of both the division within GS and the industry ...
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Boutique AM like Polen, Causeway, Sands exit opps?Interested to hear what people's thoughts are on sort of more boutique AMs, from an RA and internship perspective. Think Polen, Causeway, Sands. ...
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Blackstone asset management portfolio company compensation info.What can I expect for compensation at an asset management firm ( who manage assets, and M&A activity for Blackstone) who is considering me for a role at their firm? They are approximately 30 people. They manage about 5GW in power plant assets. My profile: I have a BS, MS in Electrical engineering,...
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Bank of America Merrill Lynch - Review - Wealth ManagementExperience depends on advisor you are attached to. Mine had me working excel mostly (models/analysis). Most interns in the same program did simple tasks (filing, mailing, coffee) It wasn't organized to where everyone learned something useful....
Hartford Investment Management - Review - Asset ManagementBetter work life balance, good culture, easier commute, free parking, good 401(K) matching, easier access to management as this is a flat organization. Limited opportunities and upward mobility, small city, not too many good paying financial jobs available...
Morgan Stanley Smith Barney - Review - Wealth Managementflexibility in hours, freedom in workplace, great network of resources within company database to utilize . not much tangible work and a lot of administrative work; sometimes get to work on cool projects (rarely)...

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