Silver BananaTopic
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Company Interview: Wellington Management - Fixed income internshipThe Most difficult question was where would you invest in the the equities or fixed income when there is a lot of volatility taking place. Why is the difference between con eve city and duration Jump man can’t jump because of the people in the morning to you soon enough to be the same one that ...
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Citi Private Bank - Investment ManagementI'm chatting with a recruiter next week in regards to an Equity Investment Manager Research role. The position sits within Citi Investment Management (CIM) which is Citi Private Bank's global asset manager focusing on personalized discretionary and advisory portfolio construction. Essentially a fund...
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ML PMD to Internal Wholesaler Hi Everyone- Just curious what you guys think about leaving the PMD program to take an internal wholesaler position? Seems like there is very little chance of graduating the PMD, and the money seems to be better on the wholesaler side. ...
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Company Interview: Aberdeen Asset Management - Summer AnalystTell me about yourself outside of your resume. A lot of focus on interests/personality and what kinds of clubs and orgs you are involved with at school. Wanted really specific reasoning for why you selected your major, why Aberdeen, why investment management, etc. Wanted me to pitch a stock/investme...
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Blockchain based Asset Management platforms?I've been trading Forex for a year now, and trading crypto for 2 years. Currently have a portfolio of 30% Stocks, 30% Real Estate, 25% Cryptocurrencies and the remaining 15% allocated to trading. I've been waiting for a blockchain based platform to bridge the worlds of traditional assets to cryptog...
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Company Review: Northwestern Mutual - Terrible. Avoid at all costsNo real positive feedback. Terrible training program and you are stuck selling life insurance in the summer.. Low support from managers, terrible organization. Wasted time really, I don't know anyone that stayed full-time....
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Know any Asset Management Headhunters/ recruitment firms??Hello WSO Community, I am new to the Asset Management scene(very new if you couldn't tell from my question). What are some nationwide headhunter/recruitment firms? Specifically, I'm looking for those in Charlotte, NC. Any information would be much appreciated!!...
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Company Review: BNP Paribas - Not BadGreat culture and supportive team. HR was prompt in the interview process and overall made it easy. Application deadline is also relatively long. Comparatively low salary package and job descriptions weren't clear initially -- had to do research on my own...
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FA Associate Job at Smaller FirmI am in the interview process for a small firm for an Associate Adviser program. However instead of just normal wealth management its more of a fund that allows high net worth individual investors to access tough to enter or closed hedge funds, insurance plans, and other funds in sort of a fund of f...
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Company Review: Northwestern Mutual - Client Service Associate Northwestern Mutual- Quarterly Team Meeting at a nice restaurant - Commission to bringing in new clients plus base salary. - Micro managing - Low or no bonuses - The training for financial advisors should be more interactive...
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Leave FT position at 350M RIA for Internship at firm like PIMCO?So I am in an interesting position and would like some of your thoughts... 26 y/o, Marine Veteran, Financial Management major, non-target, undergrad Dec 2018. I interned at a 350M RIA in the summer of 2016 and at the end, accepted a FT offer. So I have been FT for about 17 months now. There are 2...
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Company Interview: BlackRock - Data AnalystStandard BST, max Heap, Find a sequence of consecutive numbers that add up to a given number N. eg: 5= 2+3 Given a list of words and a dictionary, order the words based on the number of anagrams found in the dictionary. Difference between Union and Join? (Databases) Given a sentence, "hello world ...
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Same Recruiters for AM and HF?For those have had experience using a headhunter for an asset management role (Fidelity, T. Rowe, etc.), did you find it was primarily the same recruiters that work with hedge funds? Also when speaking with recruiters do you think it would be ok to say you were interested in both hedge funds and ass...
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CLO Hours and Pay?I'm interested in applying for a job at a CLO in the NYC area, and I am trying to get an idea of the hours and comp (salary + bonus). This is for an Associate role (3 years of experience) and they currently manage between $1-$5 billion AUM. Any insight would be appreciated, thank you....
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Company Review: Merrill Lynch Wealth Managment - 5There is Unlimited earning potential. It has Great health benefits. Most of the teams are Great teams. . There is very little training and the first three months of the program are very haphazard. There is a high attrition rate. ...
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Company Review: Dimensional Fund Advisors - 2017 ReviewAs a whole, the firm is a great place to work. Not as competitive or intense as I might like. Good work life balance and challenging work.. Not as competitive as I might like. Internal politics have big impact on how things shake out for analysts....
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Company Review: Fisher Investments - Client Operations AssociateCompany is great with culture and overall philosophy. Company also does great with allowing you to move around within the firm.. Most people list working 50 hours as a negative but for me, working 50 hours was always the norm. A negative for me is the pay could be better, but you can always get in...
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Company Review: Dimensional Fund Advisors - Associate- Worklife Balance (8-5) - Easy work - Friendly people - Great Food - No weekend work - Good PTO benefits. - No Career growth - No Transferable skills - Boring Work - Low compensation - No work from home policy...
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Company Interview: TAG Associates - TAG AssociatesWhat do you know about vba? What is a mutual fund What is an etf What is a SMA? Tell me about yourself. Other than the standard behavioral questions and the above, no questions were unexpected. The final interview with the CEO, which sounds most intimidating, will dig into your background to underst...
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Company Interview: Goldman Sachs - Quantitative AnalystThe interview consist of one or two behavioral questions and several technical questions. All the technical questions are about data structure and algorithm. While the technical questions are standard (which means they were on interview preparation books), the followup questions are unexpected. They...
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ICONIQ CapitalHey guys, I understand the firm is a family office for many of the wealthy in the Silicon Valley. I have applied for the financial analyst position at the company, and if anyone has worked at ICONIQ Capital, or is familiar with the culture and responsibilities, I would love to get your feedback. -...
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Company Review: BlackRock - Outstanding summer-internship programm by BLKExtremely collaborative work environment. Very fair hours. A lot of lunches/dinners were paid. Two trips across Europe (4 flights) paid during internship. Great location of the office. In order to achieve diversity a lot of grads from non-target schools. A lot of spring interns are offered summer in...
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JP Morgan Private Bank and Wealth Management SA RecruitingJP Morgan Private Bank and Wealth Management SA Recruiting Is anyone else applying to this? ...
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Company Review: UBS AG - UBS WM InternshipVery collegial, friendly environment. Senior broker was willing to take the time to teach you things and help you reach your professional goals.. Wish it was a full time internship, only part time internships were offered at this office. At the same time though, decent amount of time with nothing to...
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Company Review: Goldman Sachs - Goldman analyst review* Great name / brand * Good medical / dental health coverage * Great learning potential and good people generally to work with . * Not great pay * Long hours * Fairly bureaucratic in the office * Not great work life balance ...
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Merrill Lynch PMD ProgramCan anybody give me any insight into Merrill Lynch's PMD program? I'm currently going through the interview process but not sure it is something I want to do. How much training do they really give you? What is the starting salary like while you go through the training? Are you basically just col...
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Company Review: Goldman Sachs - associate salaryGreat company. Excellent culture. First class training program. Great coworkers. Strong mentorship. . Long hours and very, very high standards. Technology and systems are behind. No matching retirement until year 2...
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What to do after 4+ years at family office/wealth management?Hey guys, I just moved back to the U.S. (NYC) from Europe after working in a family office/wealth management company for several years in Europe. I did my graduate degree out there as well and so don't have much of a network in the U.S. After working several years in wealth management/family office,...
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Company Review: Raymond James Financial Inc. - RJF - MehDaily work-load was varied, Meaning the amount of work and type of projects I completed were generally different from one day to the next.. While there was a ton of ad-hoc projects, the stock reports were mind-numbingly boring. Also, the pay was very low and not on par with other firms in the area....
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Structuring Unitranche DebtHey guys - Was hoping someone here has some buyside credit experience to give me some color on unitranches. I'm talking to a MM shop that does a lot of uni deals and am wondering what are some factors that would determine structuring a unitranche deal versus a 1st/2nd lien deal. Thanks....
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Company Review: Goldman Sachs - GoodRotation in internship, nice people, good hours, and also as an intern with good salary paid to me . PWM is not my favourite cup of tea so that i do not really fully enjoy my role as a summer intern. can't transfer...
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Wealth Mgmt to Asset MGMT Hi all, I'm very interested in knowing about the possibility of going to AM from a wealth mgmt role, like PMD at Merrill. Any insights?? Is wealth mgmt a good place to start off??...
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Varagon Capital ReputationI’m currently scheduled to attend a super day for Varagon Capital, and was wondering if anyone could speak to the reputation of the firm. I’m coming from a large corporates background so I’m not as familiar with them through experience, but based on their recent track record and the research I...
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Info on Pioneer Investment in Boston??Hey guys, was wondering if anyone had any info on Pioneer Investments in boston??? any info (pay/culture/hours etc) would be greatly appreciated thanks ...
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Company Review: Brookfield Asset Management - BAMBeen around for over 100 years global brand stable and secure company one of the largest asset managers in the world international exposure great variety of assets owned and managed. pay isn't the best around don't play in the public space, deals are all through networking/negotiations not very stru...
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Company Interview: JPMorgan Chase - JPMorgan Chase - Corporate Analyst Development ProgramThere weren't really. I guess one curveball in terms of a behavioral question would have been "how do you learn? and in which environments do you learn best in?" as far as technical questions go there was only one technical question which was based on financial regulation which was as follows "What ...
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University Endowment Fund Summer InternI am a junior in college and I recently got an offer from a university endowment fund. The size is about 6 billion dollars, and the school is a Top 15 university (US news ranking). The fund invests in hedge funds, PE, VC and also has direct investments in real estate and natural resources. I wanted ...
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Company Review: SEI Investments - Intern Review Good work environment. Friendly management and laid back culture. Overall a great experience for a sophomore.. No cons to think of. Work was not exceptionally challenging but what you would expect from an intern. ...
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What to do with $3000 to invest as a student?I'm currently a student in Canada with around 3K to invest saved up from a job a while back. Any advice on what to do with it? I have no use for it for the foreseeable future and I don't want it to rot in my chequing account. Not looking to do any in-depth analysis or trading with it....
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Company Interview: BlackRock - Alladin Customer SupportThe most difficult questions consist of 'how would I invest 500 million dollars?', and brainteaser like 'If I was going to use big data to design a system or collect data that helps the economy to run more smoothly, what kind of inputs would I use and how would I run this particular program?'. Perso...
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Company Interview: Truvalue Asset Management Co.,Ltd. - Quantitative Analyst InternThe interviewer asked me to evaluate on my previous strategies listed in my resume, including the hypotheses, parameters, model, data pre-processing and so on. Also he asked me a lot of 'what-if's on the hypothesis process in my strategies. A couple of MATLAB questions were also posed by the intervi...
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difference between asset management and private wealth managementWhat is the exact difference between the two terms: Asset Management and private wealth management? PWM people do not manage assets or what? What is Asset Management? Asset management is the direction of a client's capital and securities by a financial services company such as an investment bank...
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Company Interview: BlackRock - Business Analyst There weren't really any out-of-box interview question asked. They were all very typical and somewhat expected. Some memorable ones were: - Tell me about a time you had to work with a big data set and how you made sure you had the right analyses? - Why ____? - What experiences on the resume do yo...
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Company Interview: BlackRock - summer analystThe question was: a managing director asked if I knew what the company's revenue was last year and asked me to break it down, as the composition of revenue of the company? The good thing is I interned at the same company last year in a different office so I had some idea about what the revenue was r...
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Company Interview: Edward Jones - Edward Jones - Financial Advisor InternThe interview was mostly fit questions. Questions included: Why Edward Jones? Why do you want to be an intern for a Financial Advisor? Name a time you failed and how you over came it? What is a time that you had to deal with major adversity? Are you comfortable going door to door with a new fin...
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Full 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....
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Company Interview: BlackRock - FMA AssociateThere were actually no unexpected questions - they were curious of my CV, asked me to walked them through it. Some questions about my attitude and personality and of course my qualifications in Python, Matlab, VBA, etc. No skill tests or anything yet. Then I also ha a video conference with an other ...
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Company Review: AllianceBernstein - Former BGWM Associate Stocked kitchen Intellectually curious colleagues Access to world class research Average training programs . Limited growth potential Over burdensome Mid level management Micro management Outdated technology systems ...
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Company Review: JP Morgan Securities - Generally SatisfiedI would say the company is good in that they have cohesize team cultures and tend to reward employees.. Closed off between divisions and mobility is hard because of little communication. Also can be heirarchical....
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Company Review: Bank of America Merrill Lynch - Merrill Edge FSACompensation can be good as long as you put the work in. Benefits are decent, lots of room for advancement and growth within the firm. Hours are very good.. At the end of the day you're working in a call center trying to bring in new money for the firm. While there's definitely worse jobs out there,...
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Company Interview: Morgan Stanley - Registered Associate- what is a CUSIP? - what are different types of valuation? - what does valuation mean? - tell me about a time you worked on a team? - what are your plans for career growth? - How would you deal with an upset client? - What would you do if a client told you to execute a trade when neither of us (bos...
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Company Interview: BlackRock - Alternatives Investment AnalystsWalk me through your resume? Why BlackRock? Why Alternative Investments as oppose to generic equities? What, in your opinion, is driving equity growth in the United States? What do you think will be the effect of the TCJA on US corporations? What should BlackRock focus on in 2018? When you look...
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Company Review: Morgan Stanley - Private wealth management internGood environment to be in. Nice building with good people. Learned a lot about sales and cold calling.. Not much analytical work, mostly cold calling with outdated lists. Pay was atrocious for trying to live and intern in the city....
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Is it too late to land AM job in HK now?Hi friends - a friend is relocating from NY to HK this month but still needs to find a job. His profile: fresh grad from a target, 3.8gpa, did internship at BB AM and boutique IBD. Chances that he lands an AM job in HK? he can start asap. What are some resources/contacts you would recommend? thanks!...
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Company Interview: BlackRock - Portfolio Analytics AnalystQuestions are not difficult. Some relatively difficult ones include: What is name of new FED chair? In terms of equity and fixed income, which one is expensive in terms of investment offerings at blackrock. What is difference between defined contribution plan and defined benefit plan who are blac...
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Company Interview: INVESCO Asset Management - Alternatives Analyst InternI was asked a series of questions about the financial markets. I was asked to give my view on the financial markets and the United States economy as a whole. One question was how many rate hikes I thought the Federal Reserve would put in place this year and why the Fed wouldn't go with more or few...
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Resources for Financial modeling and excelHi, I am looking for financial modeling and excel resources/classes that are budget friendly. I have looked at Wall street prep, out of my price range. If anyone can share free resources or anything that is affordable that would be terrific!...
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Company Review: BlackRock - BlackRock Emerging MarketsPhenomenal team, fit is valued and stressed on during interviews and recruitment process so transitioning into the team is virtually seemless.. Large, somewhat bureaucratic. This can affect how nimble one's team is when facing issues and having to make decisions. ...
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Company Interview: BlackRock - Latin America & IberiaI was asked to describe in detail, the investment landscape in South America. As my super day interviews were being conducted, it became public that BlackRock had acquired one of the largest Asset Managers in Mexico, Citi Banamex. My interview gradually gravitated towards describing the nature of th...
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Company Interview: BlackRock - Relationship Management & Sales - New York CityI was asked several questions regarding the firm's business. This involved describing the firm's involvement in major events in the markets. Additionally, I was asked to solve a number of brain teasers. I was asked to break down Grandi's sequence and describing my reasoning behind what I though was ...
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Company Interview: Allianz Asset Management - Allianz SEWhat is CAPM? Of the three main valuation methods (DCF, public comparables and transaction comparables), rank them in terms of which gives you the highest price? Which one yields the highest valuation? Of the three main valuation methods (DCF, public comparables and transaction comparables), rank th...
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A good asset management softwareCan anyone suggest a good Asset Management software for SMEs? Visited SoftwareSuggest, Capterra but still confused!...
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Company Interview: Hall Capital Partners - Investment Research AnalystDefinitely what is the one thing that you disliked about your past internship experiences. I was sort of caught off guard by that, and rambled on and on. At the end, I was not able to pull back, and definitely sunk on that one. Other than that, they also asked about things listed on your resume, and...
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Help! Using <PRTU> setting up a Global Macro portfolio on BBG TerminalMy "club" at college is trying to use Portfolio Administration function set this up on the Bloomberg Terminal. Mainly struggling with 3 main things... Having issues 1) properly adjusting the preliminary settings tailored for a Global Macro portfolio specifically 2) tracking and maintaining the p...
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Company Review: JPMorgan Chase - Good pay, dull work as an associate, limited exit opportunitiesEasy work, relatively stable hours. Pay is good for this level of work/stress. Not much intellectual stimulation though.. Not much structure to teams. A lot of admin. Cannot understate this. Account opening, transferring cash, navigating the terrible internal software. Investment specialist as an as...
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Company Review: Aberdeen Asset Management - Great place to workGreat team, early responsibility, nice office, people were understanding and open. Easy to switch to other teams and learn more about their jobs.. Long hours, team not helpful, very stiff, bad communication, HR had awful communication. Asked for feedback and got results 4 weeks later....
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Company Interview: UBS Private Wealth Management - GTP Wealth ManagementThe interview did not contain any difficult questions. They assessed their candidates strictly based on fit. The toughest question was "pitch me a stock". Questions consisted of: Tell me about yourself? What are your strengths and weaknesses? Tell me what you know about UBS? Do you know wha...
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NON EU STUDENT QUERIES ABOUT MS FINANCE AND RECRUITMENT IN ASSET MANAGEMENTHi all! I am new to WSO. I am a non-eu economics undergraduate. I am planning to do masters in finance just after my graduation also I'll be sitting for CFA level 1 in my final year(Dec, '18). Investment management graduate jobs are not much there in my country and I am personally inclined towards E...
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Company Interview: Morgan Stanley - Strategy & Business Management AnalystWhat is one negative thing your former manager would say about you? How do you influence without authority? Tell me about a time a project did not go the way you expected or your analysis was incorrect. Describe your initial approach to the problem, response to the error, and ultimate outcome of ...
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Company Interview: Pacific Investment Management Company PIMCO - PIMCO Internal Sales Intern- What is the current position of the Bank of Japan, and what are they doing to that will affect the United States economy. Also had a variation of this question for the European Central Bank. - The interviewer asked what highest performing market of 2017 was, not just looking for a broad answer ...
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Which offer to take BlackRock or Nisa?I am having trouble deciding between two offers. One would be returning to BlackRock, working in Aladdin Client Services. I did not really enjoy the work I was doing when I was there this summer, but I liked the people I worked with, it pays relatively well, and is in New York. The other offer is f...

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