Silver BananaTopicReplies
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Is Ark Invest credible, or more marketing than subtance?This is ArkInvest: ark-invest.com They're a fund focused on "disruptive innovation". Their approach, "Open Source Research Ecosystem" and Founder's emphasis on creativity as the basis for generating alpha seems more marketing than substance. Some of their presentations have been fairly unprofes...
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Goldman Sachs - Review - Product ManagementGood benefits, good on-site wellness center, good continuing education and training, generally friendly colleagues. . Very political, intense work environment, analyst years are too long and promotions are too slow for juniors, resulting in high attrition rate. ...
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Where to find old (5 years) CFA Mock examsHey Y'all, I am considering to enroll in the CFA Program and sit for Level 1 in December 2018. Current charter holders have told me that there are old mock exams online. Would it be too much to ask if someone could point me in the right direction? Best, Yung Buda...
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Index error causes Carillion losses for ETF investorsHey monkeys, i just saw this news and it really confused me. It says S&P should've removed this company back in December from one of their indices but they didn't, which caused loss for investors. what is confusing me is how come the losses? Doesn't ETF just track its underlying index, i.e, if the ...
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BMO Nesbitt Burns - Interview - Wealth ManagementOverall, not a difficult interview at all. Purely behavioral with mostly situational type questions. They wanted to know how I worked with other people, managed conflicts, balanced opinions, and generally if I was personable and could speak intelligently about my experience. *Tell me about a time/p...
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JP Morgan Securities - Review - Asset Management- Great team, good social environment - Good hours - Lots of opportunity to learn from wide range of resources . - Work can be repetitive - Career path not as obvious - Lack of development training once started ...
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JP Morgan Securities - Interview - EquitiesIf you had the market price of the company and tried to re-engineer the internal rate of return of a company, what indication would that give you about whether it is a good investment? What balance sheet multiples would you use to evaluate a company? How would you figure out how many fridges there a...
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Cambridge Associates - Interview - Investment ResearchWhat would you choose to avoid doing at work everyday if you could? What is appealing to you about other roles you are interviewing for? What would you say If you worked at the firm and had to describe what we do to a client? What can you tell me about the position you are applying for and how it...
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Lord Abbett - Review - Investment ResearchSmall incoming class means a lot of time getting to work with senior people at the firm. Lots of petential mentors.. Private firm means some things (quality of HR, IT etc.) are below industry standards. Can be frustrating some times....
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fair value on this upcoming merger, tough onewww cafepharma com/boards/threads/amedica-and-zimmer-soon-to-be-one.612417/page-12#post-6019082 Very hard to figure out the value of the tech. Please add ....
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How long did you all study for the CFA level one?I plan on signing up for CFA level 1 and I was wondering if people who have taken it in the past actually felt that 300+ hours was needed??? I am currently an undergrad in finance and will be in my 4th year this December which is when I plan on writing the exam (not June). ...
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Career path for Portfolio managerSo I want to become a portfolio manager, and I will be able to go to grad school to get my MBA right after college, I will try to get internships before then, buy my question is, if you go straight from high school, get a masters in finance, then get an MBA, what would be the quickest/best route to ...
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What's the difference between these 3?Had a question I've been thinking about after reading a bunch of threads that have recently come up about asset management firms and hedge funds. What's the difference between an asset management firm that purchases public equities vs a hedge fund? Where's the distinction between them? Also, what...
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Schroders - Interview - TechnologyThe case was mostly related to system architecture and involved weighing the pros and cons of different solutions in order to deliver a project. Factors included, time, staff, cost and efficiency. Group project involved project management of a particular project using agile methodology. We had to we...
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How often do people move from back office to front office?I'm going to start work as a business analyst working in Technology at a large Asset Management firm in London. I really like the exposure to new technologies (big data, cloud, AI) etc, however in the long term (5-10 years) I hope to move over to the front office (e.g. Investment - Equity). The two...
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Fidelity "Non-Tech Internship"?I applied to the Fidelity "Non-Tech Summer 2018 Internship" about a month ago and just got a Hirevue invite today. Is this their main summer analyst position? Does anyone know what the Hirevue is like? Here is part of the job description: The Purpose of Your Role -Participate in challenging work ...
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WIM Wells Fargo Phone InterviewGot notified by Wells Fargo to send in a survey to be considered for a phone interview for Wealth and Investment Management. When should I expect to hear back if I got a phone interview or not?...
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UCLA MFE vs Columbia MFE for asset management career in California?I posted this in another subforum but I thought it may get more responses here. I am currently considering offers from UCLA MFE and UW CFRM. I've also had an interview for Columbia MFE and will hear from them soon. I personally am looking to get into asset management later on in my career. From what...
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Pacific Investment Management Company PIMCO - Review - Product Management- Compensation - Hours - Work/life balance - Learning opportunities - Paid CFA/CAIA attempts (up to 3 attempts). - Poor management at the senior level - Office politics (very difficult to focus on work/appreciate work when there are office politics involved) - High employee turnover at junior levels...
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Morgan Stanley - Interview - Wealth ManagementThe most difficult question is about to choose a stock, and provide with evaluation on this company, including the fundamental and technical sides to analyze it. They would more like to hear your analysis and thinking, and your strategies to invest this specific stock. Thus, you should collect enoug...
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AMA - Current Analyst at $20bn Hedge FoFBackground: MSF, ~2years MM IBD There seems to be a dearth of information about FoF on this site, so happy to answer questions people might have about transitioning from other parts of finance, what the work is like, or whatever else might be interesting to folks. Cheers!...
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Securitized products credit analyst interviewAny idea on how much I should prepare for a credit position, specifically focusing on securitized products? Dont know much about the industry beyond the definitions of different products, not really sure how much im expected to know as an intern...also any advice regarding the nuances of structured ...
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AXA Advisors - Review - Wealth ManagementThe interview process was relatively straight forward and the interviewer was very welcoming. I felt that I was being pursued even though it was a competitive process.. It has been somewhat difficult to reach my bosses. When they respond they are great but the email system at the company is a little...
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Best recommended reading for introductions to Asset ManagementHi all, I've recently joined a large Asset Manager (AUM USD trillion), in a junior client services role. Having come from a PWM sales background, it was a good move for me and I'm enjoying the new role and various challenges that come with it. My role involves a lot of ad hoc operational queries, ...
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UBS Private Wealth Management - Interview - Investment BankingNothing was too unexpected or difficult I thought. The group task was probably hardest, as we had to pick from 3 possible business options and say which one would be the best investment and why. All 3 options could have been possible, so felt like it was hard to justify our reason. Also hard as obvi...
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Financial Markets Advisory (FMA) Blackrock superday 11/20/17Just had my superday a couple days ago (11/20) for the Financial Markets Advisory (FMA) Group at BlackRock and wanted to know people’s experience about hearing back. They said 1-2 weeks but i don’t know if they get back to you sooner. Any thoughts? ...
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Resources for reviewing/practicing concepts in financial probability and statistics?I'm an undergraduate 4th year finance student getting ready for an internship in Asset Management. When I say financial probability and statistics, I'm referring to basic concepts important for decision making in market related roles. Thanks! ...
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BlackRock Interview AdviceLooking for some advice. I’m interviewing for an internal spot on BlackRock’s desk. The team wants me to do a virtual presentation for them. My first question is: 1. Is it a bad sign they didn’t have me come up to do an in person presentation? Or am I overthinking that aspect? 2. Has anyone...
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HSBC - Interview - Retail BankingMost difficult question asked was, what I wanted to get out of the internship. I knew it was a more sales oriented goal, however they were also looking for individuals less extroverted who wanted to work on projects and find way to optimize products. Another difficult question was asking why we wa...
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Sell Side Trading (not prop) vs Associate PM on buy sideI posted this as a response to another post, but am posting it here again (with some additions) because I am confused between sell side trading (not prop) and a portfolio associate/ associate PM kind of role on buy-side. I have some sell side research/strategy experience. "I am not sure why a stint...
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Respected (deep)value / fundamental AM shops in mainland Europe (and UK)?I was wondering what are some of the well regarded specialist AM's in mainland Europe (#1) and UK? To clarify, I'm not looking for mega multi-asset AM's (Amundi, BLK etc.) but for the European equivalents of Harris/Oakmark, Ruane, Cunnif & Goldfarb, Tweedy Browne etc. Only Skagen comes to mind a...
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Ameriprise Financial - Review - N/AOverall the experience with this company has been quite average. As expected, the training program is not of the highest quality.. The training program lacks in many ways. No structured process for onboarding new advisors. Feel as if I wasted my time....
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Morgan Stanley - Review - Wealth ManagementThe biggest pros of being a financial advisor are autonomy and work life balance. You run your own schedule and can take time off whenever you want.. The biggest cons of being a financial advisor are that the work is not particularly stimulating from an intellectual standpoint and it is very hard to...
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What Will You Spend Your Signing Bonus On?As full-time start date begins in a few months, I was wondering what everyone is using their signing bonus towards. Are you using it for rent? A nice trip? I'll probably use it on a nice trip but not really sure. Advice is appreciated....
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Manulife Financial - Review - Product ManagementGreat working environment, friendly people, reasonable working hours and a great learning oppotunities for newbies. Salary is not well compensated however this is due to use of external hiring managers as a result of inability of internal HR...
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GSAM QIS vs AQR Research Summer InternThoughts between these two summer jobs? Both looks like pretty good quantitative summer options, however having a hard time comparing the two, especially considering how AQR has been moving more towards traditional asset management....
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Do I need to keep doing this? Hello! I am an undergrad student at a target university studying very relevant major. I was thinking about this topic for a long time, but I am totally lost now. I would be grateful if you can let me know what you think. ...
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Credit Suisse - Review - Private BankingGood compensation and nice colleagues overall. Fast track for competent juniors to proceed. Culture is good, and compared to other firms (based on discussions with some of my friends at other BBs etc.), there is less face time across all divisions.. Politics can be though, as in all BBs and major or...
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BB Asset Management Analyst/Associate Compensation/LifestyleHi everyone - I'm currently an investment banking analyst at a bulge bracket bank in a fixed income capital markets role. I'm interested in moving into an investing role (most likely at a BB asset management arm) but have a couple of questions about how this would compare to my current role given I'...
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Asset Management: how to switch OUT from Sales / MO / BO to Investment rolesYes, you work in a cool AM / WM company, but for some reason you are NOT acquiring the necessary "hard" skill set needed to succeed in a FO Investment role. You ended in up in Sales-related jobs, MO, BO, or anything else that is just not giving you modelling skills, trading skills, fundamental anal...
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Prudential Capital Group - Interview - PowerTell me about a deal that you worked on and specifically how you contributed to the deal. What was the most stressful part of your last job and how did you handle it? What do you know about the power group here at Prudential and the overall track record of the Dallas office? If you had to narrow...
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Wealth Advisor Salary at Bulge Bracket BanksI have heard from a MD at a top BB that the average annual compensation for a Private Wealth Advisor at this particular bank is $1.5 million. Now correct me if I'm wrong, but isn't PWM supposed to be less selective and pay a lot less than IBD and S&T? If Private Wealth Managers on average can get ...
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Wells Fargo and Company - Interview - Private Wealth ManagementThere was nothing especially difficult to be quite honest. I would say there were a couple of questions I had on how I keep up with financial markets, what my knowledge was of current financial events, etc. For example- 1. What are your views on how the election (2016) could affect the market? 2...
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Pacific Investment Management Company PIMCO - Review - Asset ManagementThe pay structure is great for a summer intern in asset management. Additionally the fact the company is understaffed means that interns get a lot of hands on work. Everyone in your department and in your city is very accessible. . The Interns had a very different experience with some working 70 hou...
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New York Life - Review - Investment ResearchIt is a fairly laid back, collegial and low pressure environment compared to a lot of other places in the industry.. It is an interesting set up due to being part of an insurance company. Policies are generally very conservative and things move slow....
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T. Rowe Price - Review - Quantitative ResearchVery good work culture, people are friendly. Don't feel overworked, but still challenged when presented with interesting problems. . Doesn't seem to be as much upward mobility due to low turnover, especially among upper management positions. ...
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Analyst Salary Evaluation (Need Help!)I recently received an offer of Analyst from a low-billion asset manager with a and I would appreciate help in assessing it because I have worked mostly abroad and am not certain on how comp works in AM in the US....
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Where can I find scholarships as a CFA candidate?Hi, I am interested in finding scholarships for registration and examination fee. What are some good resources...
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Fidelity Investments - Interview - Equity ResearchHow many lawnmowers are sold in the United States per year? Please walk me through how you would approach this problem. What is one industry you follow. What is a recent event in that industry? Walk me through a DCF? Why are you interested in asset management, and especially at Fidelity? Tell me ab...
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London - Networking - FinanceHi All I start this topic to give the opportunity to share tips about networking in London Target: FO jobs in Asset / Wealth Management / Research / HF / PE ... Which events? Which clubs / venues? General networking tips?...
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T. Rowe Price - Review - TradingRelaxed, friendly people, a lot of people happy to take time out of their day to talk. Team gave me opportunities to contact and network with bank contacts, gained some relationships from that.. Execution trading seems a bit too bland, slow and straightforward. Wouldn't want to start career at a pla...
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Prudential - Review - OperationsOverall, I really like working for Prudential/PGIM. It is a great company with solid values and a lot of opportunity.. I am not too satisfied with my current role and the work that my team is responsible for. It is repetitive and at times it is difficult to feel a connection between the work done an...
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Edward Jones - Review - Public FinanceThe hours are not too long, with limited time spent outside of week-days and the chances of promotion are pretty good for competent people. . The compensation is below the industry average for financial advisers and the work is pretty non-interesting....
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JPMorgan Chase - Review - Risk Management- Very good benefits including the pension after 1 year - Work / Life balance - Good brand name - Internal mobility. - Sometimes slow to adopt the new technology - Too many people waiting for the promotion in many layers...
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BNY Mellon - Interview - Real EstateThe detail in which I was questioned on the companies corporate governance structure and history was surprising during my presentation. Previous interviews had been very much focussing on previous internships and my desire to work for the company, and I was surprised at how technical the presentatio...
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Fisher Investments - Interview - Technology Consultingthere are no very hard questions asked. Just basic behavior questions and the detail examples at the previous company. Just know the work you did inside out and be ready to give out examples. They want to hear the work you did that is related to what they need. They also asked if I have any VBA expe...
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CVS Looks to Sell 44 Billion in BondsThe popular pharmacy chain CVS announced on Tuesday that it will sell 44 billion dollars worth of bonds so that it can help pay for its acquisition of Aetna. ### “Everyone on the buy side is going to be looking at this deal,” says Matt Salzillo, a portfolio manager for Ryan Labs Asset Manageme...
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LCG Associates - Interview - Other1st round Interview questions were not that difficult, more so unexpected. Asked me to give an example of a market index. Also asked me to explain what stocks and bonds were. Also asked me to explain what etf (exchange-traded fund) and mf (mutual fund) are. In terms of my resume, asked me what were ...
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Allianz Global Investors - Interview - Portfolio ManagementWhat does a portfolio manager do? What do you expect? What do you know about Allianz Global Investors? Why Allianz Global Investors and not some Bank? Do you have another offers? What is your current GPA? What is your specialisation are you more a theoretical math guy or more probability and stati...
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Dimensional Fund Advisors - Review - Portfolio ManagementA lot of smart people around who have years of experience and are very invested in your growth and success.. Sometimes it seems as though all the money is at the top and they do not value their employees as they should....
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Merrill Edge Online Asessment - Bank of America/Merrill lynchHi, Has anyone here taken the Merrill Edge online assessment for the Financial Solutions Advisor role?...
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I love Hospitality Asset Management - Where should I work?Out of all asset classes I most enjoy working with hotels. Anyone have any insight as to who is doing the most hotel deals rn?...
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Goldman Sachs - Review - Private Wealth Managementextremely prestigious position with access to clients in a variety of situations. Every day is different.. Selling is a focus, so if you aren't selling, you're slowly losing your job. Eat what you kill is both bad and good....
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JPMorgan Chase - Review - InvestmentsThere are good benefits with regard to healthcare, dental and vision insurance. Plenty of time off as well.. I would have liked to have my overall salary to have been higher, however, I understand this is because of the market that I am in....
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Franklin Templeton - Review - Equity ResearchGreat Place to work if you like thinking about markets. Lots of opportunity for autonomy and free thinking.. possible secular decline due to management. Top Management needs to pay attention more to the needs of individual groups. ...
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JPMorgan Chase - Interview - Investment Research1) Tell me about yourself and why are you interested in Asset Management? 2) Walk me through a DCF, what is and how do you find WACC, what is and how do you find CAPM, how do you find beta. 3) How do you find beta for a company through comps? 4) What are some different ways to find comparable compan...

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