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+52
Breaking into buy-side equity research - my experience

Subutai Baghatur

This will be my very first post to this forum, which is admittedly dedicated more to banking and private equity rather than investment research. Given the dearth of content on buy-side equity research (understandable given the small size/low turnover of the industry), I have decided to share my...

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+45
Private Wealth Management/Private Banking Guide for Associates

navyrugby

Once and for all - Here is the best guidebook I can give you for <abbr title="private wealth management">PWM</abbr>/<abbr title="private banking">PB</abbr> at the Associate level. Enjoy and show me some love... 1.1 What is Private Wealth...

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AMA: equity research analyst at top 3 AM

ridingthebullwave

**Note: as of 07 31 18 I will no longer answering q's on this AMA. Thanks for your questions and I hope some of the responses help.** Before I started in the industry I used to (somewhat anxiously) trawl <abbr title="Wall Street Oasis">WSO</abbr> for hints of what...

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+1
Family Office Estate Management

Schnee 3PO

I'm in FP&A at an F20 and recently received an offer to work within the estate management side of the family office of a multi-billionaire in the US. The salary is a huge bump up from what I'm currently making three years out of college but I'd have minimal, if any, involvement with the investment s...

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PWM interview

StephenB97

Hi guys, so to get right into it, I’ve made it to the final interview for an internship for a wealth management firm that handles roughly £50B, so quite a decent sized firm. I’ve looked through the forums on here and can’t really find anything on here that helps with interviews for a PWM rol...

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Asset Management Product Management Internship

rayallen2145

I will soon be starting an internship at an asset manager in the product management team. I am reaching out to see if anyone here has advice on career prospects after this or if this division will be a niche group and exclude me from other opportunities. My goal is to be a Research/Investment Anal...

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

blueadams

If one wants to have a successful management consulting career (or eventually wants to become a ceo), chosing a firm is simple...go for the top three...McKinsey, bain, or Boston Consulting group. If one wants to have a successful accounting career, again, chosing a firm is simple...go for the big f...

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Help with my career path into AM

novamonkey

I recently accepted an internship offer to work in operations at CS for this summer following my sophomore year. I am an Economics student at Villanova with a 3.5 looking to hopefully break into AM. I think my internship this summer gives me a good opportunity to lateral into another department like...

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+52
Breaking into buy-side equity research - my experience

Subutai Baghatur

This will be my very first post to this forum, which is admittedly dedicated more to banking and private equity rather than investment research. Given the dearth of content on buy-side equity research (understandable given the small size/low turnover of the industry), I have decided to share my expe...

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PWM in Italy and what is the job itself

theGodfather

Hi guys I am finishing my MSc in Finance this year, with an internship in M&A at a top bank. I am looking for an experience in PWM, but being honest I have no clue about what the daily activity of the job. Also, IDK what is the "place to be"in Europe for this job. Any advices on this? Thanks ...

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Ivey VS University of Manchester VS NUS? For New York Exit

F0olst0n3

Which one of these would suit best overall for job offers internationally and make it easier to break into NY Asset Management As well as Investment Banking at a BB and into an HF in the long term. I am Thinking of transferring to Bocconi In case I go to Manchester since it is not a Target school fo...

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How can I get in touch with the hiring manager for this position?

stkeene

WSO, I recently applied for a 2020 internship at a well known asset management firm. My contact at the firm has asked that I find whoever is managing the hiring for the position, so that they can get in touch with them to put in a good word for me. Problem is, I don't really even know where to star...

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Insurance AM Investment Analyst Comp

DiggityDog

Hi All, I am a second year FO investment analyst at a large insurance company ($90bn+) and was hoping someone could provide insight to expected bonus? NYC area. ...

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PIMCO 2019 Account Summer Analyst

Stalwart

Has anyone heard back/applied for this position? The original deadline was Oct 20 and campus recruiting sent out an email saying I'd heard back no more than 4 weeks after the deadline. I just looked at the app again and it now says "early process deadline Oct 20" and "standard process deadline Nov 2...

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Should I study for and take the SIE or Series 65 before internships?

35noidea

Looking at a couple of internships with one of them being at Morgan Stanley; another at a local firm. Should I prep and take the Series 65 or SIE exam first? Also, I will begin preparation for the CFA once I am qualified to sit for the exam (1 and a half years time). Edited (Resume): https://drive...

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FA Team Agreements

nothingfortheswimback

I am considering joining an FA team as a rookie, no current book, transitioning to wealth management after 10 years in a different capacity within finance at a major wirehouse. Does anyone know how to approach this? Are there standard agreements in place at major wirehouses or are agreements determ...

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Why do you want to leave your current role?

CorpRaider101

Any thoughts on how to answer this? I was restructured yesterday out of Top Tier BB asset managemer but am still "working" (getting my paychecks until October). If a potential future employer asks why I want to leave what should I say? especially if its a lower tier than a top tier BB asset manager....

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Internship at a HY Muni Fund - are skills transferable?

mfunktastic

So I received a pre-MBA offer to intern at a HY muni fund. Most of the fund's holdings are in hospitals, highways, charter schools, etc. My understanding is that some of their holdings are issued by private enterprises, which would potentially involve typical financial statement analysis/modeling. H...

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From Data Scientist to AM

apolins1

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 programmer/Devel...

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Endowment Return Offer?

HopefulFOFmonkey

Hi guys, I am a current junior and will be starting an internship at an endowment of size ~$10bn this summer. As far as I know the endowment is pretty big with around 60 employees. I was recently notified that there will be three interns including me working for them this summer. Here are my quest...

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Is this type of job an asset management analyst job or equity research?

mindira

The job is titled junior financial analyst and it is for an "investment management" company that has and sells units of it's own fund. This fund specializes in mortgage and real estate investments. Side note: The company ( http://www.umcfinancial.ca/en/). so the job duties will be: Evaluate finan...

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PPE

troy1

I have an audit coming up next week and need help understanding some of the requests with PPE: 1. Breakdown of additions and disposals - are these assets adds and those that were disposed for the year? 2. What is a PPE register? 3. Detail of depreciable lives and recalculation - how will this ...

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Goldman Sachs Credit Alternatives

blkponda

I'm interested in learning more about what GS's credit alternatives group does. I believe they were previously called Liberty Harbor, but transitioned over to just being known as GS Credit Alternatives or GS BDC. Do they primarily make senior debt investments, and if so, what % of their portfolio is...

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Goldman Sachs AM - Product Development + Product Management

blahblahblahnyc

Do you guys know what these groups actually do? The postings online are very vague - I don't even know whether they are considered FO/MO or BO. http://www.goldmansachs.com/a/data/jobs/28951.html http://www.goldmansachs.com/a/data/jobs/28952.html...

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Direct Lending Junior Comp

Sunman45

With direct lending becoming an increasingly popular field, I was curious if anyone had any insight into what typical comp looked like on the junior level. My understanding is that it’s slightly lower than PE and carries a lower base but higher bonus (at least as a proportion of total comp) to ban...

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Blackstone Alternative Asset Management work hours

reddevil1493

I've received an offer to join a new Quant Strategy team within BAAM as a 1st year associate. What are the hours within BAAM typically like? Almost every single Glassdoor review lists work-life balance, intense work hours as issues so I'd like to know if it really is that bad, especially considering...

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Syndicated U.S. Corporate Loans - Credit Agreement Due Diligence

CDOMonkey

Hey, So I am doing a bit of research on the evaluation process for active portfolio managers of syndicated corporate loans in the secondary market when it comes to credit agreements. If you could be specific as possible that would be greatly helpful and I'll toss some silver bananas in your directi...

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Preparing for REPE Modeling Exam

gcoo

I have been in talks with a REPE company for several weeks. The last step to being hired is to pass the modeling exam. I'm an analyst at a similar firm now, so I have an idea of what to expect, but any guidance on how to best prepare/what I should focus on?...

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Amundi Pioneer

mfunktastic

Does anybody have any views on this firm? They seem to have a large presence in Europe, and also have an office in Boston. I can't seem to find any mentions on WSO, but they have over 1.4 trillion euros AUM....

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Career development buyside

_schnitzel

I am young and unexperienced, so I want to learn from you guys. I am starting at a big Asset Management firm (Equities) and I am eager and want to continue to develop. I am planning to do my CFAs, but what then? What is my *best* option to do afterwards. How should I strategically position myself? C...

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Associate at Debt Fund Interview Help

structuredCreditMonkey2019

I have an interview with a debt fund that had a focus in Direct Lending and CLOs. I have a background in Structured Credit from a Credit Rating Agency. How should I best prepare for this? Besides the normal know about the company and their strategy, what if I am asked to analyze a credit? I have nev...

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HY relative value

HYlearner

Hello everyone, I have a case study coming up for a credit analyst role at a HY fund. I have been told that the big focus (of course after credit analysis) will be my view on Relative value. does someone have any live examples / case studies of relative value that they could share with me so that I ...

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+2
GSAM Fundamental Equity?

rickyjatt

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 IB Analyst. Hoping to get some opinions on career trajectory, exit opportunities, perception of GSAM within the industry, etc. All thoughts/ opinio...

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Feeling Lost in Macro/Credit/Rates/FX Cross Asset Analyst Role

LSF90

For the last two years, I've been working at an Asset Management firm in a highly general, "cross asset" analyst position on the EM investment team. My prior background was working as a researcher at the federal reserve on macro/banking/asset pricing research, and then doing a fairly quantitative ec...

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+19
AMA: Equity Analyst at a Sovereign Wealth/Pension Fund

Monkey_47

Long-term lurker here: I've been reading WSO for a few years now, and found a lot of the advice on here invaluable when I was first exploring moving across to the buy side a few years ago. In the spirit of giving back, I thought I'd host an AMA - hopefully it might be useful to anyone just starting ...

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Ways to Pass the Series 7 Exam

Orod315

I Passed my Series 7 yesterday and I thought it would be helpful to share my experience in efforts to shed light on this exam. I'll cut to the chase, its a BEAR no pun intended. However, Its not impossible. I have a masters degree, got excellent grades in school, but never did well in standardized ...

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Guggenheim's Asset Management Arm

ripxxx

How is Guggenheim's asset management division? Heard they're strong in FI but how do they compare to other buy-side arms of banks and other big investment management shops? Any insight on their investment analyst program? (culture, comp, exit opps) Cheers...

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Canadian Asset Management Recruiting

pullupj9

Hi All, I am hoping to gain some info on asset management recruiting in Canada. This can either be the AM arms of the big banks such as BMO, Scotia, TD etc., or it can be more traditional asset managers such as Fidelity, Mawer, Burgundy, Turtle Creek etc. Do they start FT recruitment of new gradu...

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Thoughts on two jobs

Sangisinacoma

I recently received an offer at two firms. One is a physical commodity trader of lumber (no futures or series certifications they are market makers of physical lumber. Their clients physically take possession of the timber) and the other is a Middle office role at Fidelity (I know I'm not supposed t...

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