Silver BananaTopicReplies
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Help: AM Case Study resources/tipsHi guys, I was wanting to know how to best prepare for asset management case studies in AM interviews. I've got an interview at a large fund manager for an undergrad role and I was informed there will be a case study but no specific details were provided. What kind of things should I prepare for a...
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Morgan Stanley Smith Barney - Interview - Private Wealth ManagementThe interview focused alot on walking through my resume and then a broad discussion of my opinion of the markets. There were quite a few questions as to why I wanted to go into wealth management (versus IBD, research, corporate etc), my people skills and how comfortable I'd feel cold-calling prospec...
Merrill Lynch Wealth Managment - Interview - Wealth ManagementExplain in detail your business plan, especially the asset gathering procedure is probably the most difficult question set I received. I named it question set because you'd be asked probably 10-12 follow up questions in this realm of question. Different scenarios will be given to ask you to further ...
The Vanguard Group - Review - N/Agood balance work/life, lets you pursue things outside of work like cfa or any other interests you may have. dull, limited room for growth. not much to do except answer the phone until youpass series 65 and series 7...
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Any helpful material for UK undergraduates (UPDATE: AM in the United Kingdom)UPDATE: Any questions related to AM in the United Kingdom. Hi everyone! i will be applying for graduate positions (AM mainly) soon and was looking for a good guide or any other material related to SPECIFICALLY the United Kingdom job market. I will be a final year student in a semi-target (kinda) u...
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Underpaid or not?Here's some background on myself: I am a recent college graduate with three summers worth of financial services internship experience on the buy side and sell side. I accepted an offer with a buy side asset manager( Upward of 120bn AUM). My position is a junior trader on the equities desk. My base ...
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WSP course for Asset Management CanadaHello Everyone, Please I need precise advice on the next steps I should take. So I have about 1year and 4months of management consulting in KPMG with specialty in strategy before I got married and relocated to canada. I am currently awaiting my level II CFA results and want to really upgrade my exc...
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Aggregation of various portfolios different custodians - Performance appraisalDear all, I am currently involved in a newly established single family office of which AUM >80m are handled by various fund managers (5-7), comprising different custodians. I would highly appreciate your advice as to what would be the most cost efficient and simplistic way of aggregating the portf...
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Macquarie Group Limited ABN - Review - Asset ManagementI love the team they are all very friendly and my supervisor is also very supportive for offering me a FT position . You might stuck with one particular asset for manageing it for a long time and with not much other opportunities to get exposed...
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Series 7 - AdviseI have been studying from Kaplan, there is a lot of information in the book, so I have been trying to memorize the most important ideas from it. I have been taking the Simulated Exams, which consists of 125 questions from the QBank. Is it a good representation of what I will see in the exam? I ha...
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Ways to Pass the Series 7 ExamI 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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William Blair - Review - Private Wealth ManagementAmazing company to work for with great people all around. It is like a family and people tend to stay within the company for many years. . No real cons that I see. Blair has good momentum as a firm and things look only up from here. Maybe Chicago weather could be a con in the winter. ...
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Why is PWM looked down on?Why is PWM generally looked down on? Is it because of something palpable like lower salaries or is it just for no reason? What is the genesis of this phenomenon? Thank you. ...
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Tips on breaking into Portfolio Management out of undergrad?Hey everyone, I'm currently a rising junior at a non target school in a big city. I currently intern at a firm, but it's just a wealth management internship(been working here for 3 months). I want to get into asset management and I figure buy-side equity research would be the best route. The reason...
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Private Bank Pay vs IBD Associate bumpAny one confirm if PB across firms are seeing the same pay bumps as IB associates? Any incoming 2018 associates get an email indicating a bump? Also, what is standard now in the space across years and bonus?...
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BlackRock - Interview - Asset ManagementWhat is the future of active management, given the pressure from passive? Market sizing q - how many lawnmowers are there in the US? What are some questions you might ask me about XYZ company to understand its total addressable market (TAM)? Give me a stock pitch. Why did you choose this WACC/disco...
PFM - Interview - GeneralistPitch a stock including both its downsides and upsides. What would be the effects on the overall market if the Federal Reserve increased rates? How is the market doing and where do you see it going in the next six to twelve months? How would you break apart a portfolio? Can you explain strategic as...
Deutsche Bank - Interview - Commercial Banking"Why Deutsche Bank?" "Where do you see yourself in 5 years?" The remaining questions were relative to my background and personal interests. The questions themselves were not very tough in general and there were no technical questions. They were just trying to figure out who had the best CV and exp...
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Investment advice/tipsHi I was wondering if someone could give me an advice on investing in index funds. I would like to invest in index funds that track S&P 500, the average return over the years has been about 9-10%. However, the inflation rate in my country is 7-8% on average. How should I invest without trying to pic...
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BlackRock - Review - Technologynot bad hours, good pay, interesting work. get to work on cutting edge stuff and learnn similar to full time analysts. management hard to get to, unrealistic expectations. lack of communication about successes or failures...
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Timeline to become a Sports/Entertainment Division PMGoodmorning, I'm hoping I can get some advice about my career path. I'm currently 20 years old, graduating from Colorado State University - Fort Collins with a Bachelor of Science in Business Administration Dual Concentration in Finance - Investment Analysis and Real Estate. Unfortunately, because I...
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BlackRock - Review - Marketingcompensation relative to hours. Focus on education and internal development. Social events every month. lack of management oversight, often work without clear direction leading to lots of confusion, cant move to investment side of business...
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Does school name matters in mutual fund/money management careers?I am an international student from India. I am an econ major and going to take GMAT this summer. I am planning to move to the US for my masters. Earlier I had plans of Europe but it won't be possible now. I looked for some schools in USA for which I think I am fit. My career goal is to end up in mon...
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Morgan Stanley Wealth Management vs/ JPM Private Bank; GS Investment management; Citi Private Bank; CS; UBSHi guys, I recently got invited to a web-interview for a SA role at MS Wealth management (not branch, based in NYC). Since I am profoundly interested in pursuing a career in PB, I am looking for any kind of advice on which firm/which program is the best one in terms of salary (pretty relevant to me)...
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Life Advice from the MonkeysHi Monkeys, I'm hoping I can get some advice about my career path. I'm currently 20 years old, graduating from Colorado State University - Fort Collins with a Bachelor of Science in Business Administration Dual Concentration in Finance - Investment Analysis and Real Estate. Unfortunately, because I'...
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Technical Skills in AMAs a 2nd year analyst in IBD at a BB, I am wondering what the technical skills are if I were to move to an Asset Manager (equity long-only) in a 1/2 years' experience Research Associate type role? Due to lack of deal-flow, my modelling experience has been limited. Will an asset manager grill on this...
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Outline for an investment thesis?I recently graduated undergrad with a degree in finance from a non-target with a 3.4 GPA. I've been focusing this summer on networking and set a goal of landing an analyst position come September. Recently I met with a PM at an Asset manager, we had a good chat about the metrics he uses in the sel...
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GSAM AIMS GroupCan anyone tell me a bit more about GSAM's AIMS group other than what's posted on their site? What does the group focus on? What is the working culture like? Or does anyone know about their product management group in which I have an upcoming interview with? Thanks in advance...
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22 year old financial advisorI would like to hear the community's take on my situation. Im a 22 year old with a Bachelors working for a independent fee based firm with about 70m AUM in Miami FL. Its a firm consisting of 2 senior advisors and 2 junior advisors. As a junior advisor I assist my senior advisor with all aspects of t...
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Post-Superday Timeline I interviewed with JP in the Private Bank earlier in May. Does anyone know when people generally hear back? The recruiter told me about two weeks and I still have not heard anything....
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Private Banking - RM vs. Investment AssociateHey all, I'm looking at potential PB internships and the different paths one can take in the space. I know that RM roles are mostly generalist and not much technical analysis takes place. But, what about Investment roles in the private sector? Do these roles prepare you a little more, in terms of...
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Steps to pivot from finance into an asset management roleHello Monkeys, I need yall help! I want to leave finance for investment management. What are the necessary steps needed to make this transition happen???? For my next role, I would love to be an investment or portfolio analyst. To speak briefly my long-term goal is to be a PM at a top 20 endowment...
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Northwestern Mutual - Review - N/AIt was fine. They really don't train you, and its a joke considering so many kids just don't know what they are getting into.. Dumb first job. Should understand finance kids have no desire to actually do this. Building a market is hard. Pyramid scheme. ...
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Is Asset Management shrinking?I've seen on a couple threads now people saying mutual funds are shrinking and laying off/decreasing the number of people they're hiring. Some people said their comp has been cut to as much as 50% as a couple years ago. Is there any truth to these statements or is it just an exaggeration (like how p...
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PNC Financial Services - Interview - Fixed IncomeWhen they wanted to get a sense of my technical skills, they asked about my finance and accounting coursework, of which I had none. So instead, we talked about statistics just so they could get a sense of my qualitative skills. The interviewer happened to be a statistics major in college and we got ...
Brookfield Financial - Review - GeneralistGood management. Good company culture. Early out on Fridays. Help to teach you the industry if you show you care.. Bad exit ops. Didn’t prepare me for the work I want to do now with full time work. Partners don’t care about plans after...
Pacific Investment Management Company PIMCO - Interview - Fixed IncomeMost difficult questions were why fixed income, why asset management, and excel modeling questions. Had to know some shortcuts, and definitely review basics of yield curves, calculating a bond's maturity, and have a general forecast of fixed income for the upcoming months. They want people who alrea...
BlackRock - Review - Sales and TradingWork life balance is pretty great, very rarely need to pull 100 hour weeks. Almost no weekend work.Incredibly smart people, so even the work is not too challenging at times it was still really good learning experience. Training at the start could definitely be improved, the first few months on the j...
Prudential Capital Group - Interview - Securities UnderwritingLot of questions on Prudential Capital, why you wanted to be there, what differentiated them from other shops. Take was that they have a lot of people come in & try to leverage this into a seat at a mezzanine fund at some point rather than focusing on building a career at Prudential. Basic bond mat...
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DataCamp - Intro to Financial Concepts using PythonI see that they offer the first class for free. Anyone have experience with Data Camp? Is it relevant for AM?...
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Canadian AMHi everyone, I'm an undergrad student at a Canadian target looking for more information concerning Canadian AM. I'm interested in places like Fidelity, Mawer, Burgundy, Turtle Creek, etc. It is my understanding that these firms hire out of undergrad. Anyone have any info on how these compare in term...
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Merrill Lynch Wealth Managment - Review - Financial Planning and AnalysisFriendly working environment, good hours, and good intellectual capital. MDs in the office are generally willing to make time to meet with even the interns if they put the effort in. . Low office motivation and slow upward trajectory. Most of the office works 9-5 at the maximum and even the most ski...
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To be or Not to be? Asset Management - Allianz Global Investors: Stepping StoneI successfully secured a position on the Allianz Global Investors' Graduate Program in London. Would like to hear some other peoples' thoughts on the program, the reputation, and potential exit opportunities of the program. Is it a good company to start an asset management career in? Are there poss...
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First Manhattan CoWhat is the word on the street on First Manhattan Co? I know they have the deep Berkshire relationship, but absent that they seem super low key. They seem like a classic value investing shop like Ruane, Cunniff. Anyone have any details? ...
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Buyside Investing vs PE or Private Market InvestingI will be finishing my internship as an equity analyst at a mutual fund (>$200 bn in management). I am confused as to what career path to choose. I am very interested in investing but should I focus on PE as the asset management industry is in a downward spiral? I believe that private markets have m...
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Dimensional Fund Advisors - Review - GeneralistFast-paced work environment, very nice and positive community, frequent happy hours, and the chance to make a real positive impact in people's lives.. Repetitive nature of the work can get a little bit boring. Can get very busy and stressful when your time gets crunched....
BlackRock - Review - Salesaccess to senior management, flat hierarchy, opportunity to take on additional responsibilities and expand skill set. can be extremely bureaucratic, poor location and proximity to new york city, unprofessional employee relations...
Dimensional Fund Advisors - Interview - Investment ManagementThere was nothing truly unexpected about the interview. Like I said earlier I didn't have much experience in the field and I only applied as a sort of shot in the dark. Because I had only done vague research about the firm the most difficult question ended up being "Why us?". Of course now I know th...
Bank of New York Mellon - Interview - Private Wealth ManagementThere wasn't anything too difficult other than expressing yourself and being able to articulate previous experience. The questions asked were fairly easy and nothing technical. They wanted to make sure you understand the role your going into and why you want to work for Bank of New York Mellon. The ...
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Asset Class: Real Estate or Equities?Hi, So I know that I want to work in an asset management firm and make a career out of investing. I really like Real Estate and Equity, but I am not sure which one to choose a career in. I was hoping we could talk about the different career opportunities in both, the pay, future outlook etc. Is it ...
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Bank of America Merrill Lynch - Interview - Private Wealth ManagementIt was an extremely easy interview and nearly entirely fit based. There were a few technical questions that were market related. Do you Invest? What does your portfolio look like? What’s your favorite stock? What’s your least favorite stock? If I gave you 1,000,000 how would you Invest the money...
Northern Trust - Review - Risk ManagementSolid work life balance. Great experience working with all areas of Asset Management & working with SVPs & EVPS. Salary complensation not up to par with current industry going rates. Heavily on the older generation (50+)...
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Private Banking in BostonHi all, I am currently entering my junior year at a non-target school (albeit with a good reputation in the Boston area for accounting/finance). I will be doing a BB PWM internship during the school year and recently developed an interest in pursuing private banking internship opportunities in in t...
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Morgan Stanley - Review - Private Wealth ManagementOverall good learning experience. Flexible schedule for summer interns and sets you up well to find future internships (if sophomore).. Could have more structure. Interns need to do a good job managing their time to get the most out of the program....
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PMs, Analysts, Bankers, Fo/Mo/Bo monkeys, finance majors, how is your personal investing doing?Just a survey to see how Wall Street monkeys or monkeys-to-be are doing for their personal wealth. I remember asking my Investment class professor whether finance professors are beating the market. He answered: ‘we are too poor to invest’ Curious how professionals are doing with their own mone...
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What are common entry-level jobs and compensation in Asset Management?Hi, I'm currently finishing an accounting and finance bachelor's degree at a top 20 business school and will be pursuing an MBA degree right out of undergrad. While pursuing my MBA, I am hopefully going to earn CFA Level 1. It seems that asset management entry-level careers are more ambiguous and i...
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Morgan Stanley Smith Barney - Review - Wealth ManagementGreat work environment. Provide you the necessary tools to manage your business. Overall excellent environment to grow your business.. None that I can think of. overall positive attitude on the firm and my office. Constantly updating our technology to keep up with ever changing digital age....
Goldman Sachs - Review - Asset Management* The culture is great * The people are very friendly and want you to further your career * Amazing learning experience * Decent work life balance . * Some teams/groups get much more attractive work * Competitive nature of the firm * Small fish in big pond type atmosphere ...
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PGIM non RE asset management anyone know about there MBA level programs?Currently an MBA student at upper tier school looking to do asset management. Prudential is one of the largest in my area but I cant find much on their non RE program. Anyone know any info on how it works? ...
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Morgan Stanley - Interview - N/AWalk me through your resume - in depth questioning A question about the Chinese economy and where the currency was going A question about rising interest rates and their effect on the economy How would you structure a portfolio if you had $1million What is the current situation with brexit wh...
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EnTrustPermal - Investment Research Associate Does anyone have any thoughts or opinions on EnTrustPermal? I'll be speaking with them in regards to a hedge fund manager research role. When I was my previous role with an investment consultant we didn't favor them because after the merger there was some turnover. I wasn't involved in the initial m...
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Asset Management / PWM entry level salaries in the UKHey buddies, long time no see. I was wondering what salary I could expect as an entry level position in an asset management/pwm firm based in London. I have 2 previous experiences (internships in consulting & IB) and I don't know what could be my first salary expectations. Thank you for your help....
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Investment World Map uploadedMonkeys, Please comment on my Investment World Map. I tried to upload a scanned version which looks better but pdf is not allowed. Ask me if you have any questions. Thanks! ...
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AllianceBernstein - Review - Asset ManagementEasy Work Load Easy Work Load Easy Work Load Easy Work Load Easy Work Load Easy Work Load Easy Work Load. Low Paycheck to Peers Low Paycheck to Peers Low Paycheck to Peers Low Paycheck to Peers Low Paycheck to Peers...
JPMorgan Chase - Interview - Asset ManagementX follows a uniform random distribution, Y also follows a uniform random distribution, the range is between 0 to 10. What is the probability density function of X smaller than Y. Given a matrix of unknown numbers, what is the best way to write a set of code so as to find two numbers such that a + b...
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Any insight on Manulife AM/John Hancock?Hey everyone! I've been a longtime lurker-finally am coming around to my first post. Anyways, I have a few solid connections at Manulife's Asset Management branch and John Hancock's Investments side. My only issue is I can't find too much info on them other than their websites. Particularly inte...
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Wells Fargo and Company - Review - Financial Institutions Group (FIG)Good hours Friendly people-always willing to help out Location is generally cheap so cost of living will be low. Boring work Sometimes it can be slow- not a lot to do Hard for non-experienced people to get their food in the door...

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