Silver BananaTopic
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Company Interview: Dimensional Fund Advisors - Investments ResearcherWhat are the pitfalls of linear regression? (unexpected) How would you handle time variance in data? Adjustments to the model? (unexpected) What would you ask a research team regarding a result they arrived at? (unexpected) Is the market efficient? Why or why not? (expected) What is the three-factor...
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Company Interview: JPMorgan Chase - Private Banker Associate Nothing crazy, during the case be sure to ask the question "What have you done?" first when it comes to talking with a client about their retirement planning. They want to see if you can build off that answer. Also be sure to know how J.P. Morgan's business model differs from other in PWM. This is...
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Company Interview: Dimensional Fund Advisors - Portfolio Management AnalystWhy you didn't follow the school provided resume template? Write me the SQL code on this paper to pull data for ABC fund with constraint of technology sector, and market capitalization that are less than 1bn dollars. What is the expression of linear regression? Please explain to me the what is in ...
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Company Interview: CIFC Asset Management - IFCMost difficult is a company in a restructuring process and how the company will react to an equity raise and how the financial metrics change. Also thinking about structuring investments with specific legal causes. Otherwise the interview was quite normal, thinking about value drivers for private in...
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Company Interview: BlackRock - Digital Wealth TeamI wasn't familiar with ML at that time. They asked things like: what's the difference between Clustering and Classification. After all they are just unsupervised learning and supervised learning. If you take a course in ML, that will be easy. Originally, I applied for quantitative research team / p...
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Company Interview: BlackRock - Graduate TraineeWhat makes BlackRock different? The way that the company approaches the human side of the industry is exceptional and extremely differentiates itself from its competitors and other major companies. It is a pioneer in areas of diversity and promotion of employees without taking into account any bias...
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Company Interview: BlackRock - Full Time Analyst1. Tell me who our competitors are and what their strategy is. 2. One of the interviewers told me to ask him questions throughout the 30 minutes and it was a little hard to see if I was asking the right questions. 3. Most questions were behavioral. They had a group component where you have to discu...
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Company Interview: JP Morgan Securities - Investment Management Internship"Tell me a time when you were faced with a challenge" "Tell me a time when you utilized your technical skills" "Why this firm?" "Why not pursue [hobby] professionally and work here?" "Why [this city] since you are not from here? "What are the specifications of this position?" "Why this place and not...
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Company Review: Bank of Nova Scotia - Business Development AssociateGood introduction to the brokerage industry. Learn good communication skills, thinking on your feet and exposure to portfolio management.. It is grind to come in cold-call business owners and executives all day to try setup meetings and bring in business....
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CFA for Private BankingHello fellow monkeys, I am in business school at a school ranked in the +-50 range, and recently landed a Summer Associate spot at one of the most prestigious private banks. I took CFA level I in December 2016 after studying for approximately 100 hours (had a baby which disrupted study plans as yo...
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Company Interview: JP Morgan Securities - JPM Asset Management Investment AssistantPretty typical set of interview questions, largely centered around how good are you with math/technicals, how solid are you at excel, how interested are you in the equity markets and are you up to date with current events. Had to take an excel test that tested basic excel functions as well as data m...
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AIG Investments Summer InternshipI just got a superday invite for SA at AIG Investments, for their Capital Markets or Analytics Modeling groups. I have no idea what the position entails, since the job description is so vague and sounds misleading. The way it's phrased makes it seem almost administrative. Are there any previous inte...
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Company Interview: Bessemer Trust - Client AdvisorThe most difficult question asked of me was about why what I would do if a client disagreed with my assessment of their firm. Ultimately, I think they wanted to make sure that you deferred to the client, as it is ultimately their money. Also, they wanted to know why I wanted to make the switch from ...
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Company Interview: Cambridge Associates - Investment AnalystGiven two case studies during my Investment Cases: An endowment has a given set of risk preferences, and you are given a bunch of funds/assets to recommend to the client. They give you a packet with a bunch of relevant information on each of the asset choices, return, risk, fees, etc. They tell y...
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Company Review: Credit Suisse - Credit Suisse Private Banking internshipGood culture and really supportive colleagues. Got welcomed really well and learned a lot about wealth management. Seniors had a great attitude towards interns and were interested in getting to know them. Pay was ok for an intern.. Despite learning new things, I feel that the responsibility that I g...
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Company Interview: Pacific Investment Management Company PIMCO - Summer Internship in Portfolio ManagementOverall the interview questions were very predictable. First 5-10 minutes the interviewer asked some motivational questions: why pimco? why this division? what is your incentive to apply here? what is the difference between pimco and its main competitors? tell me about yourself? previous experience?...
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What's a good salary for internship as an analyst in an asset management firmHi all, I interviewed for a internship as a financial analyst with an asset management firm in New York. However, the salary I am offered is 20000 USD for a 12 week period. The portfolio manager who interviewed me told me that I will interact with everyone in the team. I was concerned about the sa...
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Anatomy of a front officeHey guys. I wanted to ask you something that may seem obvious to many, but it's a bit puzzling for me. Can someone explain to me the different roles at a HF, Pension Fund, etc in large markets (US, Europe)? In order not to seem like stupid, let me give you guys some background. I am currently a Por...
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GS IMD - Recommendations?I would really appreciate some help here. I have an upcoming final round interview with GS IMD London (for SA). Any recommendations on how to prepare? In terms of current market events and topics, what would you see as the most important ones to know? Any technical questions that I could expect? I...
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Company Review: Citigroup - Good life style, but low payWork Life balance is great, never had to work on weekends. Usually get out of office by 6pm. Dont have to travel.. Pay sucks. Very little pay increase, bonus is bad as well. Promotion system is not so clear, no clear guidance. ...
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Company Interview: Fidelity Investments - fixed income summer analystWhat do you think is the main problem facing fixed income now and how would you react to it. I mentioned geopolitical risks(how local ones have already transferred to global concern compared to one year ago) and uncertainty of the outcome of future rate-hike and overshoot inflation. But only introd...
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Company Review: RBC Royal Bank of Canada - InternGreat company to work for in my opinion. Everyone is very approachable and no one is mean. They do good job of finding people who are cultural fits. I can not think of any cons at the moment. I enjoyed every moment I worked there. Only con is I guess it would be nice to have breakfast and lunch ...
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Company Interview: Fidelity Investments - FidelityMostly just your typical behaviourals like tell me about yourself, walk me through your resume, tell me about a time you showed leadership, etc. The interviewer was quite friendly and spent about 2-3 minutes relaying my answers for each question. Asked for a stock pitch as I expected and didnt ask a...
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Company Interview: Lateef Investment Management - InternOne analyst asked me to pitch myself as if I were a stock, and also asked me what stock symbol I would be. I got shook up because the wording was weird and unexpected, when it was in reality just a what are your strengths question. Another one was about what my work ethic was like, this one from t...
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Does how close you apply relative to the application deadline affect your chances?Title is pretty self explanatory. I can't seem to get any interviews for AM or IB but I usually apply very close to the application deadline. Wondering if this could be a factor in me not getting any interviews??...
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2018 Asset & Wealth Management Wealth Management Summer Analyst ProgramHello, This page will be used to engage with the wealth management summer analyst program at JPM. How are your interviews going? I just recently had a phone interview...
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Company Review: JPMorgan Chase - Good payThe grad scheme pay is good, including the benefits and the whole package Working environment not too intensive vs. IBD. Flat structure is nonsense. Loads of facetime, though they say they dont care. Too much office politics. ...
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Company Interview: Prudential - InternIt was mostly behavioral questions just to get to know your background ie. tell me about yourself, why prudential, greatest strength/weakness, why you chose your major and university, who is your role model. They did ask about markets and industries you were following, but it's most tailored to your...
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Company Interview: JPMorgan Chase - J.P.MorganThere is nothing too difficult or unexpected, mostly behavioural & motivation questions. Just need to show your personality and be confident about what you said. *Estimate how many toothbrushes used in London every year *Something you are proud of? *Why this firm, why this programme *Tell me about ...
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Company Interview: Northwestern Mutual - Financial Representative InternInterviewers read questions straight from a paper, overall pretty basic behavioral questions: 1.) Walk me through your resume. 2.) What do you know about our company? 3.) What classes are you taking at college and how can you apply what you learn to this internship? 4.) What does financial security ...
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Pimco Internal SalesHi can anybody shed some light on the Internal Sales position at PIMCO? ...
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Company Interview: Merrill Lynch Wealth Managment - Merrill Lynch Spring InternThe most difficult or unexpected interview question was the following: "If you were given money, what would your investment strategy be?' It was unexpected given that the role dealt primarily with reporting rather than investment analysis. However, I believe that in order to excel in asset managemen...
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NMS Conference 2018/ ScottsdaleHey guys, Anyone going to the NMS this year? This is my first time attending as an LP and my goal is to meet as many LPs as possible, preferably more in the healthcare sphere (i.e., hospital systems). Any pro tips for acing the conference and maxing the networking window are much appreciated!! ...
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Company Review: Pacific Investment Management Company PIMCO - Investment management submissionGreat experience and fantastic resources. Access to some amazing investors. Fantastic facilities. Some great coworkers. High stress and a lot of internal politics that play a big part on status despite contributions to the firm....
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Company Review: JPMorgan Chase - jp interngot to see a large investment bank and experience the lifestyle in london. got to know some grwat people.. job was not what i hoped it to be. it was repetitive work that added less to my skill set than i thought it would....
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Promoted to associate but average base salary bumpHi everyone. I was promoted this year from Analyst to Associate, but my base pay only went up 5-6%. My total compensation went up much more though. I was expecting both a bonus bump and a significant base pay bump, but I only got the former. I was wondering if this is normal. What is the averag...
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HELP! BB PWM vs Commodities Prop House for MF/HF PM trackThe BB PWM is a bit tricky... It's actually a MF fof rather than PB/PWM. Stock selection is outsourced to the likes of Blackrock/Fidelity, and I'll be likely to work in the internal CIO which does risk management, manager allocation and manager selection. The prop house is one of the best in its o...
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Company Interview: Bank of Nova Scotia - Assistant ManagerMy interview was almost entirely fit and behavioral based. Certainly that was unexpected, as I expected technicals. Be prepared to provide real life examples of things you have done for each behavioral question. Although I expected almost all questions, the most difficult one for me to answer was in...
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Dimensional Fund Advisors Portfolio ManagementI have a first round interview coming up with Dimensional for their Portfolio Management intern position in London. Any advise on what to expect? What to know? Any good resources to learn about their investment approach? Background: Finance major with pretty decent knowledge about finance theory an...
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Investment Consulting Pay after 3, 5, 10 years???Hello, I am new at the forum; just joined. I would like to ask if anyone knows the averages wages for investment consultants after 3, 5 and 10 years in the industry. In 5 months I will work for a Uk Investment consultancy (in top 5 in UK) and my starting salary is in the 35k pounds area. Have spoken...
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Regulation and Wealth & Asset Management What about thoughts on American vs Euro banks in wealth management post-Mifid? How the bonus structure will be re adjusted since all the private wealth managers commissions based revenue will most likely be forbidden? Thanks...
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Company Review: Goldman Sachs - SatisfiedIt was a good summer and I enjoyed the level of work and quality of work I was given. Overall happpy.. Dinner choices were limited because we work so far downtown. Besides that I don't really have anything to complain about....
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Goldman Sachs Referral and Application ProcessSo on 1/3 I submitted an application for a role at GS. Yesterday, I received an update on the app that I am "currently not being considered" for the role. The interesting thing about it all is that I still have the option to withdraw my application from the process. If I was denied completely-- woul...
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Ways to pass the Series 7I 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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Company Interview: T. Rowe Price - fixed income internwith a given csv file, I was asked to read the csv file to R. Then change the format of the time variables to a specific format. Then using the data sets, write several functions to analysis the time series data. For instance, you will be asked to calculate the rolling averages of all non-time va...
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Company Review: The Vanguard Group - Very SatisfiedVery laid back open culture. There is a very strong team in place to make sure you succeed as a summer intern.. Very few negatives. Long term, I do not get the feeling that they pay their high-level people street average....
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Interview at a boutique growth equity asset manager in a week, what should I prepare for?Title says it. I think I fundamentally "get" investing pretty well, but maybe I could brush up on accounting and whatnot. Any help would be appreciated, thanks....
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Company Interview: Bank of America Merrill Lynch - Merrill Lynch PWMNothing was too hard. Really just asked about My resume and some simple behavioral stuff. Example: What’s a time in your life where you struggled in a group setting? Go through your resume with me. What do you know about the wealth management industry? It was only a twenty minute interview so...
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NEW TRADE PROGRAMHello, We are pleased to offer you the most secure Private Placement Program you will ever see: AMOUNT: $100M to $5B LTV: 80% PROFITS OF THE PROGRAM: 1- Advance 5% the face value received, paid in 72 Hours after Swift receipt / verification. 2- Bullet Trade Program for 10 Days, with 200 % Prof...
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Company Review: Morgan Stanley - Morgan Stanley NYCCEO and company culture is forward thinking and growth-minded. Future of company is bright and opportunities for firm-wide growth are endless.. Long hours. Slow growth and pay trajectory. Political hierarchies and resistance to change at a BU level oppose the Firm's forward-thinking mindset....
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Company Review: Morgan Stanley - Morgan Stanleyis one of the growing financial services that provides a lot of oppurtunity to grow . And over the summer I got the oppurtunity talk to brandon couillard and from and learn more culture and the firm. They gave me a very good perspective about the execptional training program you receive once you jo...
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Company Review: BlackRock - Very SatisfiedThe benefit package is very good and my interview experience was good. Management is very helpful and training is good.. I do not dislike anything working at BlackRock, I have learned a lot since starting and enjoy the work I do....
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BlackRock Aladdin Client Services SF Superday Hi, I had a BlackRock Aladdin Client Servies superday in SF last Wednesday (9/6) and still haven't heard back. It hasn't been a week yet but I was wondering what I should do. Email and follow up with the recruiter or just keep waiting?...
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Company Review: Citigroup - A challenging environment Interesting work with a growing industry. Teamwork oriented environment. Firm focus on equal pay and opportunities. . Poor management allows for mediocre talent to persist. Compensation environment challenging despite growing industry. ...
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Company Review: Bank of America Merrill Lynch - ML AdvisorHappy with the ability to grow as an advisor and given resources to help with this. Was also helpful in getting paired with teams to help development of my career. Is difficult to grow a book in this environment. While Merrill helps grow your career, they are also hurting advisors in comp ...
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Goldman Sachs IMD - Private Wealth Markets coverage InterviewI have an interview coming up with Goldman Sachs Private Wealth Management Markets Coverage group for an analyst position. What questions can I expect? How would you prepare for the interview?...
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CV after 1st jobI have been working as an Equity Analyst for an asset management firm for a year now, looking to explore new opportunities in the market. How should I format my CV? Anyone has templates to share?...
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Performance measurement questionA family member of mine runs a small portfolio “fund” with 15 stocks which he has been holding for a few years now (a few additions/subtractions but largely unchanged. He has published some performance numbers for marketing to friends and family; and has asked me to just check his numbers for ac...
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Company Review: BNY Mellon - Friendly environment, disorganised hiring processWork-life balance was amazing - firm culture was very much relaxed. People very friendly and manager interaction was great (though this is purely luck).. Hiring process very disorganised due to structure of BNY and its asset management boutiques, which most often do not have their own HR department....
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Goldman Sachs Fixed Income Group (GSAM) vs Market Solutions GroupWhich group do you think is better entering as a FT analyst? Both seem like good groups with many exit ops....
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Company Review: Deutsche Bank - Ideal for those who are interested in the industryGreat environment, encouraging team and extremely helpful senior management. A fit for me - somewhere I would like to stay.. For extremely eager individuals, pace may be slightly slower than ideal - learning curve is therefore not as steep as IB....
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Gift for Boss?Hi everyone, In the next month I will be concluding my internship at a boutique AM. I worked closely with the CEO of the firm and developed a good relationship with him, and I'd like to get him a gift. I'll definitely be getting him a hand-written card. But what else? Many people have mentioned gif...
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Company Interview: BlackRock - BlackRock portfolio analytics internThe interviewer didn't even ask me to introduce myself but asked me if I knew any big projects the team was currently working on. He also asked many technical questions such as what do you know about Aladdin, what packages do you use in Python, tell me about a most complex financial concept and expl...
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Profitable model - what deal is possible with existing portfolio managers?Let’s say I have a model which did 40.11% CAGR with max draw 10.70% since 2010 in static portfolio of 24 markets, annualized Sharpe is 1.47 and positive skew is 0.95. I have 4 months of live results for now, but I am planning to have at least 1 year. I would like to manage larger capital for a f...
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Company Interview: JPMorgan Chase - Private Bank Summer Analyst"If I were to place a goldfish in the middle of the room and it doubled in size every second, how long would it take to fill up the entire room" "Explain how a bank makes money to us as if we were toddlers" "Discuss a current event in the market" "What are all the functions of the Private bank" Basi...
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Company Review: State Street Corporation - SSGAExposure to upper management. Collegial environment. Experience one of the top asset managers in the world. . Large amount of entrenched entitlement. Company has a lot of outdated processes and people but hesitates to make changes. Seemingly low hanging fruit gets missed constantly. At times feels l...
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Company Review: Temasek - ST Asset ManagementVery flexible and friendly, alot of mentors and people are willing to put in the time to teach you. Available resources for development are widely available.. The internship is not very structured or well organized. You have to proactively look and ask for work to make the best of your time. Pay isn...
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Company Review: Dimensional Fund Advisors - DFAGreat company, culture, work life balance. Excellent opportunity to learn about asset management and investor relations. . Work can be repetitive and mundane at times. Overall not much negative quite a great place to work. ...
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greater l.a. opportunities for entry levelReally looking for some perspectives on the greater l.a.'s entry level or interns of Equity Research or related field. Compared with the big apple, what l.a. can offer is a) a lot less b)slightly less?? My career path has been delayed due to my immigration status but now i have some confidence to ta...

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