Silver BananaTopicReplies
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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....
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...
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...
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....
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...
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...
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....
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...
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...
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 ...
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...
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....
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....
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. ...
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...
JPMorgan Chase - Review - Investment ManagementGreat culture, company hosts man events. JP sent a small goodies bag to hired interns over the winter.. Asset management is a declining industry, and it seems that the wage growth in this division is not the greatest....
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AllianceBernstein Interview?Any insight to AllianceBernstein's summer intern interviews and how to best prepare? Info for either their Equities or Fixed Income would be helpful. Thanks...
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Fidelity Investments 2018 summer programDid anyone hear back from Fidelity Investments? The applications I believe are now closed or will close tomorrow, but still have not heard anything back. What about you guys?...
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J.P. Morgan Private Bank CompensationHi All, Currently waiting on an offer from JPM PB for a Banker Associate. I have heard varying numbers regarding comp. Can anyone provide what the comp is by year, both salary and bonus? Also, what is the comp progression through VP, ED, MD? Thanks...
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How prestigious is PIMCO Business Development Research?Wondering how it compares to BB IBD and how tough it would be to lateral internally in PIMCO? How would BB look at this summer internship?...
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The Motley Fool - Review - Asset ManagementI get to work with lots of great people. And we all believe in our incredible mission of helping the world invest better. And we have an incredible amount of autonomy to fulfill that mission.. Our management wants to be an innovator. Unfortunately, that has lead to some very poor capital allocation ...
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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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Considering leaving London Asset Manager for MSc Artificial Intelliegnce Hi, I'm currently in a front office graduate role at a large London based buy-side firm. I am enjoying the role and the opportunities for progression are good. However I find there to be a lack of desire to be at the forefront of progressions in AI/advances in tech. Being relatively young and fresh...
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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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Wholesaler Salary At Top Tier FirmsI have been an internal wholesaler for the past 3 years. I have been contacted by a rather large firm and I am debating leaving my current employer as I don’t believe they pay their externals enough. As I want to be an external, this is something I am weighing heavily. I am investing a lot of time...
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Compensation and Exit Opps from EndowmentsHi, I am just curious what compensation looks like for the analysts at large private endowments are, and how this pay scales for associate/director/etc. Also, if I were to start my career at an endowment as an analyst, where would that leave me in terms of exit opps? Would I be pigeon-holed? ...
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BlueWing AMA Part 2: Endowments, Foundations, & Asset AllocatorsLet’s talk about institutional investment management. Doing a quick search it looks like there have been a few more allocators on the site since I was last here — feel free to chime in if you have other experiences. It’s been quite a while since I was on WSO and did my last AMA. I apologize ...
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Compensation For PMs at BB AMs?Work at a small equity l/s fund and the PM went on some rant today about BB AMs not being "real AMs," which I dismissed as such typical HF arrogance. Then I thought "I'm sure PMs at BB AMs are pulling in compensation that beat quite a few small HF PMs." Thought I'd open up the question to WSO - ho...
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Bonus % at Wealth Management Firms for research people.Hello - I hope that everyone is well. I was wondering what the bonus percentages are for alt asset research people who work at a wealth manager? Also any total comp parameters would be really helpful. This would be for a senior person who has more than 10 years of experience. Thank you....
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BlackRock - Review - Risk ManagementIntelligent colleagues, steep learning curve, company invests in employee development, tech-focused firm. Moderate bureaucracy. Centralized system built on bulky, legacy technology. Sometimes investment products are overly conservative...
Bank of America - Review - Private Wealth ManagementVery manageable hours with Bank of America Private Wealth Management. Lots of autonomy given your team. . Pay is not on par with investment banking, consulting, or hedge funds. On an hourly wage perspective it is much higher. ...
Goldman Sachs - Review - Private Wealth Management1. Hours are light relative to other front office positions at the firm. 8-7 would be a normal day. 2. Work is mildly interesting, strategic asset allocation, exposure to all GS products, etc. 3. Very thin hierarchy, basically just Advisors and Analysts with some administrative roles. *These pros...
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A question about client preferences in private wealth Client preferences in PWM I am working on a college project, I was wondering what parameters a wealth manager would use in order to deliver tailored investment advice to the client? E.g. would you ask the client about his/her religion or personal ethical standards? I’m looking for a list o...
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Alternative Asset Investment GroupsHey guys, Curious if anyone is familiar with Alternative Asset Investment groups within larger, buyside asset management firms. Is this mostly fund of fund investing or is it split between direct investments, co-investments, and fund investments. Haven't been able to find much information online a...
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BlackRock - Review - Asset ManagementBlackRock is a place where you can build a great career. You will be working with the brightest and hardest working individuals in the industry. I have been with BlackRock for 10 years and have had the opportunity to continually feel challenged and grow. I am constantly put on new projects and have ...
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Management ResarchCan anyone give me a brief understanding of what exactly "management research" is? I keep see positions for it, but am sightly confused to what it applies. My from understanding and own search, it appears to a division of asset management at BBs where you determine/research where to invest, applyi...
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Putnam Investments - Review - SalesGreat work / life balance while still being compensated well. Top-notch training for sales and very hands on with Managing Directors.. Office politics was stronger than most places and to the extent a little too hands-on. Tried to make you fit into a box....
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A few questions on Internal Wholesaling Hello everyone, I am a 25 year old male very interested in mutual fund wholesaling. I am currently doing some career planning and after reading a lot of fantastic information on this website, particularly the AMA Krazyk, I decided to join. You all seem so helpful and I was just hoping to get some q...
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Proficio Capital partners - Interview - N/AAsked questions about how I would use a different discount rate for biotech and regular DCF. How to calculate Enterprise value Walk me through a DCF How would you value a company with no cash flows/ how would you value an apple tree Some clock brain teasers General views on the market Other than tha...
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West Coast Asset Management FirmsIn this forum, whenever someone talk about asset management they refer to firms such as T Rowe Price, Fidelity, Wellington, Capital Group etc. I never heard any reference to west coast firms except PIMCO. I know American Century Investments is one such firm. I was wondering how is this firm differen...
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JPMorgan Chase - Review - Private BankingOn the plus side, pay is extremely competitive, and hours aren't too bad (~60 hrs a week, but no weekends) . Downside is you definitely feel like a "cog in a machine" there's literally zero question you're at a large organization...
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Top Asset Management FirmsHi, Make your own top (in tiers) of investment management companies....
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Endowments & Foundations Part 1: A Basic Overview Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #31 and was originally posted 6/28/2015. Endowments & Foundations Part 1: A Basic Overview I think the most useful threads I’ve read on this site were threads from people like @BlackHat" w...
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Post-MBA Fixed Income AM: Interview Preparation for PIMCO, TCW, DoubleLine, WAMI am attending one of H/S/W next year and would like some advice on interview prep for investment roles at the large FI asset managers. I have been able to find very little information on what the interview process and questions are like and was hoping some people here may have some advice. I am spe...
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