Silver BananaTopicReplies
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Advice on getting into AM after undergrad?Hi-ya Monkeys, Wanted to ask for some advice. I am trying to get into AM after undergrad (I recognize this is difficult). But here are my stats - what is your advice on how I should do so/my chances? cGPA = 4.00 Internship 1 = PWM BB Internship 2 = AM (think Putnam etc). Graduating from non-t...
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pimco prepanyone going to pimco prep program in new work on april 20? do you know what it will be like and hwo selective it is...
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Dodge & Cox - Interview - Industrials1) How would you value two companies if they had the exact same income statement? 2) What's an investment idea you have in your PA? They will usually grind you on your assumptions and see if you really understand the industry dynamics. Be prepared to discuss in depth as most of these analysts have ...
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LPL Financial - Review - Operations-Relax environment with casual -Great growth potential as company is growing in both SD and Charlotte.. -Low pay -Heavy workflow as the company is going through growing pains. -Fort Mill is underdeveloped so the commute from and to work can be rough....
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Help me choose a school?Hi everyone, I'm sorry if this is the wrong place. I'm a highschooler who's interested in in AM/HF as a career, and will be enrolling into college in Fall 2018. I've gotten into Claremont Mckenna and Swarthmore, and am trying to decide which one would give better opportunities for getting into th...
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JP Morgan Securities - Review - SalesYoung team, very motivated to do well as everyone is a sales person but there is not really any competition. . Luck of the draw around the person's team you end up on. Very filled with corporate politics, depending on the team the culture can be toxic....
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Acheivable.me Series 7 Review? Anyone use this??Hi, just wondering if anyone has any experience using the Acheivable.me app for studying and successfully passing the Series 7?...
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Best way for an accounting major to break into finance?I'm a recent accounting graduate, with only accounting experience on my resume with dreams of breaking into the finance field. IB or Sales and Trading is pretty much out since I didn't go to a real target school (Baruch College in NYC), but I'm, interested in Private Wealth Management (which is basi...
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Morgan Stanley FAA Program (NYC)I recently applied for the FAA program at Morgan Stanley in one of their NYC offices. The process is as such. First apply, take general reasoning test, do the 'day in the life at MS' virtual exercise, 15 phone screening, conduct Hirevue digital interview, and then complete the business plan templa...
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Bank of America Merrill Lynch - Interview - Private Wealth ManagementHardest questions were about losing clients and how you would deal with it. One question in particular asked about how you would tell a client that they lost a large part of their investments in a market correction. They wanted to know if you would tell them upfront or wait until the whole process w...
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Morgan Stanley - Review - Wealth ManagementThere's a lot flexibility and autonomy. I'm free to manage my own time how I see fit and grow my business as I wish. . A lot of new business development in the beginning. I spend at least 80-90% of my time prospecting. ...
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Bank of America - Review - InvestmentsNever work more than 50 hours a week and its a pretty low risk job because the PMs own all the decisions. Pay is pretty crappy though.. I am underemployed and working on getting over that I had no idea what I wanted to do when I got out of school....
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Pacific Investment Management Company PIMCO - Review - Asset ManagementGood name and reputation. Smart colleagues, a lot to learn if you search it out. Location is he best.. Pay is below market for junior employees. Very tough to move internally, company usually hires from outside rather than promoting from within. ...
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Sol Systems Asset Management-Washington D.C.Does anybody know anything about this firm? Would doing an asset management internship here be worthwhile? Thanks for any insight, Bill Brasky ...
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Starting in asset managementHi all, I'm about to start an internship as a first year uni student at a "special situation" AM firm this summer. What sort of knowledge/ skills should I familiarise myself with prior to the internship? (Bloomberg/ DCF/ Excel etc?). I would like to go into the internship prepared in order to make ...
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Umpqua InvestmentsHas anyone ever heard of Umpqua Investments? It's a regional bank with a small wealth management division. Anyone know about them?...
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PIMCO - Outlook for the near term and the futureHello fellow monkeys - I'm contemplating an opp at PIMCO and would like to get as much feedback as possible on a few questions/topics: 1. What is the feeling among employees there in regards to the culture and if it's changed since Gross left. From what I hear it is changing for the better (paranoi...
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Ladenburg ThalmannDoes anyone have any opinions or insights into Ladenburg Thalmann? Nothing specific just looking for general opinions....
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Credit: Syndicated Loans [Arrangers + Investors] / CLO [AM + Investors]Been here nearly 8 years, and finally back on the scene after a 2 year hiatus. Excited to be back and thank you in advance for anyone that can help answer the questions below. I got some banana's to give out. **It would be great to get perspective on the following if you are an** 1. If you are an...
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Post-superday wait time for BlackRock?Just had a superday with BlackRock in NYC. What is the wait time for BlackRock after the superday? Most BB banks only take one or two days. I'm not sure if that applies to BlackRock as well? Does anyone have any experience with BlackRock recruiting?...
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Best Investment Manager/Asset Management Group for Markets InsightWhat are the best investment managers and/or asset management groups that have the best market(s) insight each year, quarter, and month? I usually use GSAM, JPAM, and PNCIAM and have found them to be very good. ...
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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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ClearBridge Investments (Legg Mason) Equity Research Internship Questions So I recently received an equity research internship offer with ClearBridge Investments for this summer (they're one of Legg Mason's funds). I couldn't find a ton of information about comp/exit opps online, so I was wondering if anyone on this forum might know anything. Some specific questions I hav...
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JP Morgan Securities - Interview - Private Wealth ManagementThey simply made you go through your resume. The asked what you thought about the company and why it was different from everyone else. Have you noticed anything that JP Morgan does differently and do you like it? They asked if I write my notes for class on paper or a tablet. They then asked if the t...
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Rothschild - Interview - Private BankingInterview one consisted of basic HR questions, followed by motivation for this role and understanding of the Private Wealth function within Rothschild No real tough questions here, really standard questions. Interview two with 2 investment professionals, was asked the following : How would you ...
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SKBA Capital Management - Interview - Investment ManagementHonestly, none. It was pretty straightforward. I got a little thrown off, actually because it was so easy. The first round was just why SKBA, why should we hire you, and pitch us a stock. I sent in a very detailed and very well researched report on the stock beforehand, and that's what I think pushe...
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Pacific Investment Management Company PIMCO - Review - N/AWorking on the desk was an enjoyable experience, as you get daily interaction with portfolio managers and associates.. It can be tough for some people to wake up at 4AM every day; you are expected to be at the desk by 5AM latest. ...
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Jones Lang LaSalle - Interview - Debt Capital MarketsNone. I was asked to describe my work experience, a prior deal I had worked on, and to verbally describe what kind of analysis I conducted on the deal. We casually spoke about the state of the industrial investment market for the northeast region, where I saw an opportunity. The interview was conver...
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Goldman Sachs - Interview - Private Wealth ManagementWhat are your 5, 10, and 15 year career goals? While I have been asked questions similar to this before, they only included one time horizon. This through me off a bit, because I had only answered based a 5 year time horizon, and the question was not solely meant to be a career oriented answer. Anot...
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Include part-time work on CV?Hi, hoping I get a reply. I was wondering if I should inculde my current part-time barista job on my CV. I already have a lot of other finance related stuff on my cv which is quite enough to fill the page. I was just wondering if I should include the part-time job simply because I am currently emplo...
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Does an MBA really provide value for the buy side?I am in my relatively young career on the buy side as an analyst for an institutional AM. The expectation is of course to obtain a CFA during your first years. Then, to be considered for senior analyst or PM, you need to attend business school at a top 10 school. Right now the MBA just seems like th...
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Bank of America Merrill Lynch - Interview - AdvisoryThere were 2 groups of interviewers, both started with an overview of my resume and then continued on to some behavioral questions, followed by industry-specific questions like the following: What is more important, work ethic or intelligence? Tell us about your work experience? Why would you be ...
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Morgan Stanley - Review - Wealth ManagementEasy to work while full-time student with commute. Free lunch. Good hourly pay. Great office environment. . Grunt Work. Paper pushing. Getting lunch. When working with operations team, can get difficult due to poor personalities. ...
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AQR Capital Management - Review - OperationsExposure, Free Lunch, Free Breakfast, relaxed atmosphere. Seems like a great place to be so far. . Free Lunch, Brilliant coworkers, people seem to care about their jobs. Lots of experience and learning. ...
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IMD at Goldman SachsI currently have an application submitted to the 2018 Full-Time Analyst program at GSAM in Chicago. I've visited the office, met with some people, and feeling excited to see where it goes. Does anyone who's been through the process care to share their experience? How long was the process? Timeline? ...
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Bank of America Merrill Lynch - Review - Private BankingI got to work directly with the portfolio manager, I got to make decisions on portfolio investments, I worked with 13 different partners and I was responsible for creating a program that drastically improved the efficiency of the office.. Did not get to model as much as I had wanted and I was limite...
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Is bankruptcy a deal breaker?I am hoping to land a spot in Morgan Stanley's Wealth Advisory Associate program. I have a chapter 7 that is about 5 years old. Will they run a credit check? If so, when it comes up, will this eliminate me from consideration?...
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Anyone else Interning in LA this summer?I'll be interning at a BB in LA this summer in the WM division. Was wondering if anyone else is, and if anyone was potentially looking for a roommate and/or friends :)....
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Temasek - Interview - ResearchIntroduction about yourself, talk about your strength and weakness. Describe in details what you have done for each of your job positions including any specific projects. Are you a team player, what exactly have you done to show that? Describe what is risk. How do you measure risk. What is your inve...
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WeiserMazars LLP - Interview - Portfolio ManagementAll questions were along the lines of 'give an example of a time when you had to work extra hard to finish your work'. or 'give an example of a time where you found something particularly difficult'. Questions are not anything to do with your CV, I'd expect that in the 2nd round interview, these are...
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ABN AMRO Group - Review - Private Bankingvery good exposure in terms of various aspects of product development. Learnt due diligence , pitchbooks and worked on various proposals of hedging strategies.. less structured and low on networking. A bit more mentorship from senior managers would be great. Networking amongst interns is missing....
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Wellington Management - Review - Investment ResearchBenefits are amazing and the work is always fascinating. Company culture breads success and work/life is stressed. . Welllington's reputation allows us to gain access to company management teams fairly regularly which is helpful for model tweaking and insight. ...
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Pacific Investment Management Company PIMCO - Interview - Technology, Media and Telecom (TMT)This is a question asked in my another interview at PIMCO with the Client Strategy Analyst intern, which I did not get the second round, but this question definitely caught me off guard. The VP asked what is the difference between data science and data analytics. This should be an easy question sinc...
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Blackstone Private Wealth Solutions (PWS) InterviewHi, I'm a junior from a non-target and landed an interview with BX PWS, coming up this Friday. I haven't researched much into this group so would really appreciate if anyone can share what they know about Blackstone's PWS division and/or know what I should prepare for the interview. Thanks!...
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Goldman Sachs PWM: Wealth Management Professional vs. Private Wealth AdvisorOn the Goldman Sachs website these two job descriptions seem quite similar. Could anyone provide some insight as to the differences between these two positions i.e. daily duties and responsibilities. Ideally would love to hear from someone who worked at GS PWM or knows someone that did!! Thanks in a...
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BlackRock - Review - Asset Managementinteresting work, very smart, friendly and collaborative people all around the firm. People are willing to help and want to see you succeed.. Long hours for some groups. internship could have been more personalized to each intern/team needs instead of generalized and too broad to be useful....
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MSF Profile Evaluation/ graduating undergrad may 2018Please respond on your thoughts. It would be very helpful in narrowing down my list to apply, thank you so much for doing this! International student. Education: UG major in finance and economics from US school ranked 50-60 nationally in a major city. GPA: 3.01/4.00 GMAT: 720 Internships: PWM i...
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Russell Investments - Interview - RetirementI was asked about my knowledge on retirement plan financing, and how to go about dealing with clients of that demographic. I answered the question as far as I could behaviorally, but from a technical perspective, I did not know much. I have only taken intro level finance classes (and financial/manag...
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CFA Level III Mnemonics 2018 Level III Candidate here just looking for some study help/tips! Fortunately, there are not too many equations that I've come across on LIII relative to LI and LII but I was hoping someone might have some good mnemonics on some of the sections (PWM, Econ, AA, FI, and Risk) that do have some hea...
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Dimensional Fund Advisors - Review - SalesVery friendly working environment. Team made me feel welcome from the start. Good after work socialising. Hours are excellent, strictly 9 - 5:30 job with no expectation of staying later - very much a philosophy of "if you can't get it done within those hours you're doing too much or you're rubbish a...
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JPMorgan Chase - Interview - Asset ManagementThe Skills/excel test was somewhat challenging, but anyone with a bit of prior experience in building 3-statement models or variations thereof wouldn't find them too confusing. Stock pitches were discussed, as were some questions on markets and macro factors like interest rates, inflation, and Fed p...
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JPMorgan Chase - Interview - Asset ManagementI do not think there were that many difficult interview questions in this interview. Most of them were pretty straightforward and there was nothing that hard. The most difficult may have been a hirevue that asked me why I wanted to be a part of JPMorgan. This required me to think a bit more and also...
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TIMELINE for wealth/asset management recruiting - summer analyst 2019Should we start this now? Any insight or advice would be great! I know firms are recruiting early this year. JPM has already started, any others? ...
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Eaton Vance Corp - Review - Fixed IncomeGreat leaning opportunity for those interested in getting acquainted with the world of fixed income research.. There are not many opportunities to join the team as the number of available spots are few. For this reason, fit is very important for joining a specific team...
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Looking to learn more about CR and FI.I'm currently a sophomore looking to learn more about Fixed Income. This is my first post and I believe this is the right forum for this. My previous experience has been mainly focused on equities with some experience in VC (Summer internships at 1 local AM firm as an ER analyst, 1 local HF as an ...
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Boston based AM Firms ( MFS, Putnam, Wellington)Was wondering what ppl's/street's thoughts were on Boston based AM firms specifically MFS, Putnam, and Wellington. Culture, pay, B school opportunities etc. Are these shops considered more "regional" firms (compared to some of the big names such as PIMCO/BlackRock etc)? Thanks....
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No Response After Interview Job Offer for Asset ManagementI know that everyone on this site has experienced the same thing. Waiting to hear back after an interview is killer. I interviewed at a top Asset Management firm for an analyst gig a week and a half ago. It took two weeks from initial phone conversation to first in person, but I keep hearing back fr...
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Northern Trust - Review - Corporate FinanceThe company values a strong sense of community engagement. Every employee is referred to as a partner, and volunteering opportunities are emphasized.. The pay is relatively low (for both interns and full time analysts). There are many roles available but no clear explanation regarding their responsi...
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Will I have enough experience for FT jobs Hi everyone, I’ve been lurking for a long time and wanted to post because I’d like to find out if I’ll have enough relevant experience for FT positions. Eventually I’d like to be in AM or HF, but I’d take whatever job I could to break in. I have a 3.3 at a target, but will probably have ...
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Masters in Investment Management - Rankings??Hey Everyone, Im interested in the Masters in Investment Management programs. Anybody have a list of schools that offer it? What are the best schools for it? Rankings? -- Thanks Monkeys...
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University Endowment Fund AnalystInterested 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 >= $20 b...
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INVESCO Asset Management - Review - Fixed IncomeGreat company to work for with smart, personable coworkers. Significant visibility from, and interaction with, management. Solid pay. Good industry reputation.. The "Chicago office" is in Downers Grove (~25 miles west of the city) and is terrible for talent retention and acquisition. The commute is ...
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AXA Advisors - Interview - AdvisoryHow do you, a sophomore, plan to benefit our specific firm? What do you bring to the table? Why Should we hire you over the other candidates? What do you know about asset location vs. allocation? What makes you stand out? What do you do in your free time? Would you rather be rich and disappointed or...
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Part time grad school for experienced trader/pmI am a macro trader / pm at a top 20 asset manager. Looking at part time grad programs in finance, math, b school. I already have the CFA designation and almost 10 years of experience. Not looking to change roles, company or career path. This won’t boost comp or help with promotions. I am not lo...
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Portfolio Manager Career PathI am a high school student, and I will graduate in a little over a year. My college will be completely paid for, so I was planning on getting my MBA directly after my undergraduate, I was planning on a major in finance and a minor in economics. My question to you is, since I will be bee lining it t...
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Intern to Portfolio Manager - What division to start out in? Hi there, I'm currently a junior in undergrad and am interning at a big asset management firm for the summer ( think Fidelity, Blackrock, Wellington, PIMCO, etc). We are given the option to pick what division we want to work for - ex. Equity, FI, Quant. My ultimate goal is to work my way up to port...
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Dimensional Fund Advisors - Review - Mutual Fundseasy work. 8-5 job, very little stress. Lots of highly accomplished individuals from top tier schools. Pay is good.. Career progression after the Investment Associate level is very difficult if you didn't go to a top business school. Senior management leaves the team in the dark on everything. ...
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Manulife Financial - Interview - Investment ResearchHow election results impact the markets? There wasn't anything too hard as long as you read the news. Interviewers were nice. They like that you have a CFA. They asked the typical questions: walk me through your resume, why Manulife, why a rotation program. Be sure to make a good impression on every...
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Wells Fargo and Company - Review - Debt Capital MarketsExcellent starting position for those interested in Capital Markets, Real Estate, or Asset Management. Learned a lot and was able to successfully network across industries.. Cyclical and stagnant work cycles/reporting periods. Work can be mundane, limited access to financial modeling....
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Dimensional Fund Advisors - Interview - Mutual FundsTell me about a recent academic paper that you've read recently and tell me about the implications that this has for our firm. Tell me about the Fama/French 3 factor model, and what is the interpretation for each dimension/factor? Why does Dimensional only use 3 factors and not more? What is a bi...
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Goldman Sachs - Interview - Private Banking1. Explain why equities are so high given the current interest rate environment? 2. How many ping pong balls fit in this room? 3. How many pizza stores are there in NYC? 4. What is the riskiest asset class? 5. What can we expect from bond prices? tell me about the market? 6. three str...
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Pacific Investment Management Company PIMCO - Interview - Portfolio ManagementA brain teaser question. It tells you that you need to finish 120 miles in two hours. It also tells you that during the first 60 miles, you travel in the speed of 30 miles / hour. Then it asks you that what is your speed for the remaining miles in order to maintain your speed in 60 miles per hour. ...

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