Silver BananaTopic
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Free Fixed Income Daily Email Recommendation Can anyone recommend a free daily email that contains treasury rates and other fixed income info? Commentary would be nice but not necessary. Thanks...
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JPMorgan SuperDayHello monkeys, I have a superday with JPMC AM/WM in two and a half weeks (Midwestern office). While this is not my first superday (I did one for Northwestern Mutual sophomore year before realizing how awful that firm is), but it is my first superday with a big bank for AM/WM. I've talked to some f...
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What are you looking for in a new team member?Just wanted to get some advice. I am starting a new role at a new team, in a relatively entry-level position (2 -3 year WE level). I wanted to make sure I do the right things/ start off on the right foot so want to see how I can be a positive contributor to the team and also show my passion for the ...
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Internal Wholesaler Interview(s)Hi all, Ever since graduation from college I knew I wanted to go into the sales side of Asset Management. I took and passed my Series 7 summer before my senior year of college and took and passed the 66 upon graduation. I had a lot of interviews with a bunch of different Mutual Fund companies but ha...
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Getting into Asset Management in the UK?Hi, I'm wondering if there are any people here who are in Asset Management in the UK? This summer I've graduated with a 1st class from a TERRIBLE university (on some websites its ranked in the 100s) and asset management is something I'm trying to get into. I know my university will put me at a di...
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How to break into AM if I need H1B sponsorship? I graduated two months ago with a STEM major, 3.7 + GPA and I had a one year internship on the buyside as a fixed income analyst. I've been applying and going through the recruitment process for almost a year now. I'm having a lot of difficulty bypassing HR gatekeepers. I always get shut down when ...
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GS IMD vs. JPM AM/WM Summer AnalystSay I have a summer offer from both GS IMD and JPM AM/WM, which opportunity would be best to purse? I know that both firms are obviously great names, but are there any big differences between the two in the Asset/Wealth Management space? Most of the old posts I found on this were not very helpful. ...
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Company Review: AXA Advisors - Just Okay, but opportunities exist Very serious and rising bank. Many opportunities to take part in, if you ask. Really smart and independent thinkers here. . Long hours,and the people were not very career focused. There was no time for fun, and it was looked down on. ...
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How to Evaluate Offer vs. Lost Opportunity?deleted this deleted this deleted this deleted this deleted this deleted this deleted this deleted this deleted this ...
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Company Interview: Cambridge Associates - Investment AnalystMost of the interview was behavioral. How did you hear about the position, what do we do here, why do you want to work for us? You will also receive two separate case studies, one is an Investment Memorandum detailing a hypothetical non-profit client. You are asked to assess their yearly needs in te...
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What are some great AM program for students out of undergrad?What are some firms that have great programs for students coming out of undergrad with training? Also, where you can come in without extensive knowledge of investing (business program). ...
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Company Interview: M&G Investments - Summer AnalystI interviewed up-until the video interview stage, so the questioned were all competency based. However, they are not like anything normal. For example: 1. Do you prefer to analyze information broadly or deeply and why? 2. What are the positives/drawbacks of working in a team and which do you prefer?...
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How long does it take to hear back from PIMCO?I applied in the normal (not accelerated cycle) for PIMCO Product Analyst Full time position. About 2 weeks ago, I received an email after initial resume screening to let them know "Why PIMCO at NewPort Beach". In response to my answer, within 4 business days I received a request for a first round p...
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Portfolio Manager QuestionMy dear fellas, I may very well be in the wrong forum here but I have to ask you this question. The job description below sounds like a client facing/ front line role? Major Responsibilities : Assist senior underwriters/portfolio with the ongoing monitoring and analysis of our existing portfolio o...
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Company Review: Duff & Phelps - Great for Valuations, Good for Work-Life BalanceGood work-life balance. The number of hours you put in does not matter as much so long as you get the work done. Employees are allowed to work from any D&P office while travelling, allowing for greater flexibility when on vacation. People are nice and willing to help you - not at all a cut-throat e...
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Goldman Sachs Residential Mortgage Asset ManagmentJust recieved a superday for Goldman RMAM--anyone know much about this group? Part of RMD but I'm not sure of how this group actually functions; glassdoor says they run due diligence on the RMBS pools for the Securities team, so a BO position but I'm not entirely sure. Anyone know?...
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Company Interview: Bank of America Merrill Lynch - Baystate Financial All of the questions were fairly simple. I would say the most difficult question asked was in regards to how you would actually go about making those 10 candidates clients. What would be your first move? How would you go about marketing after your project 75 runs dry. If you don't have a natural mar...
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Company Review: BlackRock - Satisfiedgood and organize internship program, very smart people and interns, great culture overall but varies by team/division you are in.. not much cons. long hours as expected but nothing too crazy. investment/pmg usually work 60-80hrs esp in their 1st year. PE more and other divisions ...
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Company Review: Wells Fargo and Company - Wells Fargo AnalystManagement takes personal responsibility for the success of lower level employees. Asset Managers rely heavily on Analysts.. Low energy periods. Constant roller coaster of busy periods. Not necessarily the most exciting industry to have focus on....
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Dimensional Fund Advisors - good choice?Hi guys! Hoping to get some insight on what the portfolio management Group is like at Dimensional Fund Advisors. My main concern is their investment philosophy. They base investment decisions on academic research and tend to stick more towards the passive side. If I want to be an active manager one...
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Is it possible to work in risk management with a finance degree?As it says in the title, is it possible to work in risk with just a finance degree or would it require a math/engineering type of degree (or something else entirely)?...
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BlackRock Client Solutions SuperdayHey folks starting a thread for BlackRock FT client solutions superday; had mine today / haven't heard back ...
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Which Job Would Lead Better Into Asset Management?I currently have two second round interviews, one with Wells Fargo for a Financial Analyst position and another with a firm that does investment management/investment banking and has ~$250bn AUM for an investment ops job. Which job would lead better into Asset Management in the future?...
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Company Interview: JPMorgan Chase - WM Credit Middle Office CLT Analyst LATAMHirevue Question: Why this position? I expected more behavior questions so I didn't prepare for this common question. I don't know anything about LatAm, so my response was pretty basic and I guess you can say it was difficult. Recruiter Screening: Why do you want this type of position? I'm sure it ...
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Company Interview: Fidelity Investments - Fixed Income GraduateNothing unexpected in the first and second round. Standard behaviorals that you can expect from every finance firms. The final round consists of a P-test (i.e. a stock pitch) that focuses heavily on the model you build. You are given a week to complete your analysis (modeling + investment report). ...
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UBS WM Whatsup guys, I completed a video interview for UBS WM about a month ago and haven't heard anything back. Has anyone completed the same interview and heard anything yet? Trying to gauge whether or not superdays have come out. Thanks....
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Company Review: INVESCO Asset Management - Very satisfied* Great company culture * Laid back work environment * Given a large amount of responsibility * Interesting and challenging work . * Intern class very small * Few young people in the office * Lacks name recognition * Lack of food options nearby ...
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Company Interview: Goldman Sachs - InternWhat would you do in the scenario where your club's president releases an answer key to the entire club. What would you do? What factors do you take into account? The Hirevue interview was all behavioral questions. There were about five questions I was asked. For each question, an interviewee is giv...
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BlackRock Experienced Hire Hear Back TimeI had an onsite interview (lateral hire) with BlackRock portfolio management group. It's been a week and I still haven't heard back anything. Anyone know the approximate wait time for lateral hire with BlackRock? I also followed up with HR but got dinged. Does that mean I got rejected already? ...
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Company Interview: Fisher Investments - Investment associate Why fisher investments? Which of the three investment associate type roles interests you the most? What do you see yourself doing/ where do you see yourself working in the future? How would you describe fisher investments investing strategy to someone? Why is fisher a pioneer in the investing field?...
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BITCOIN IS THE NEXT ENRON - IT'S A SHAM - SAUDI PRINCE AL WALEED“I just don’t believe in this bitcoin thing. I think it’s going to implode one day. It’s Enron in the making,” he said, referring to the US energy company that filed for bankruptcy in 2001 after revelations of a widespread accounting fraud. “This thing does not make sense. It’s unregu...
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Aspiring Wealth ManagerAfter working several years as a health care professional, I retired to start my own securities trading business. I have since learned a great deal about the mechanics of trading and investing. I have succeeded at replacing a six-figure salary by posting average annual returns ~15% since 2008. ...
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Company Interview: Bank of America Merrill Lynch - Financial AdvisorThe interview with the regional manager went on like a chain. He asked what I know about the position, and I explained as much as I know, then based on what I said he ask another question and so on. For example, I mentioned about being a trusted advisor and the manager asked, "how do you build trust...
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Jupiter Fund ManagementHello all, just wanted to know if anyone of you guys heard about Jupiter Fund Management in London. Anything about culture, compensation and investment style/strategies would be great. Many thanks. -Swasi...
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Company Interview: Point72 - Full-time analystThe modeling project was pretty time-consuming, especially before any person-to-person contact was established in the process. The five given days to do it would have been plenty if we didn't also have other things going on like school (project instructions given on a Friday evening, due the followi...
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Company Review: Macquarie Group Limited ABN - Very SatisfiedGreat culture . not many full time opps in the philly office ...
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Is Active Management Dead? For many in the investing community, the overwhelming rise in the popularity of index funds has raised serious doubts about the future of actively managed funds. Market trends over the past few years have indicated that the days of big-name active managers such as Peter Lynch may be over, thanks to ...
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Company Interview: Liberty Mutual Investments - Summer InternMost of the questions asked were pretty straight forward, but some caught me off guard. Here are some of the ones that I wasn't completely ready for. Q1: How are the balance sheet, income statement, and statement of cash flows related? Q2 :How does an insurance company make money? Q:3 What are some ...
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PIMCO - What has changed internally in the past few years after their acquisition by Allianz? Very curious about this. Some reviews on Glassdoor say things like "culture has gotten worse" and "politics are getting more important", but I'm really curious to get some perspective from people in the know, if possible. If anyone was there before the takeover and is still there now (and is someh...
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How useful would it be to manage your own stock portfolio over a 3-5 year period before moving into port mgmt?Hi folks, I’d like to ask a rather straightforward question. I have a deep interest in investing, especially in so far as public equities are concerned. I graduated not too long ago. I do work in the Asset Management industry at one of the largest firms in my country, but I work in operational/en...
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How to value a cyclical sector like Industrials?I was thinking of investing in a cyclical sector like Industrials (think GE, Boeing, Autos) but was really confused how to wrap my head around trough, peak EPS. I personally feel it is very difficult to put a multiple on your EPS estimates, just because sometimes EPS can be negative and even if it ...
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Company Review: LPL Financial - Wealth Management InternThe company is a good way for students who are looking to get a foothold on Financial planning. It was a great internship for a Sophmore. . There was not enough work once you understood all of the companies processes. It felt a bit constraining and new ideas were not really listened to by superiors....
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Company Review: Fidelity Investments - 5Feed you leads as an advisor. Huge firm, very easy going. Lots of opportunity for growth (as long as you are willing to be mobile) great benefits.. Books are too large to truly have a traditional relationship with your clients. Compensation is less compared to rest of industry since pay is not relat...
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Company Review: Lazard - intern Lazardgood firm with good reputation tremendous experience and good selling name on your CV brillant people . intern salary... it is such a shame that such a important investment bank underpay its intern (I only know the situation in France)...
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JPM Asset Management - Typical starting salary for analysts? What is the typical starting salary at JPM for analyst in the Asset Management division for undergrad FT, obviously not including bonuses?...
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How long did it take to hear back after Goldman superday?For those of you who had a superday for Goldman's summer analyst position, can you please list - Division/group: Summer year: Location: Just would like some insight. Also, if anyone has some advice of when to follow up after superday if you haven't heard anything....
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Company Review: Merrill Lynch Wealth Managment - ML PMD ProgramGreat senior leadership, as well as research from the family of Bank of America, Merrill Lynch and US Trust. Not a lot of support on growing the business, but management is working in the right direction to get a lot of newer PMD's to succeed...
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Salary Progression in Asset ManagementWhat is the salary progression at a traditional asset manager (e.g. BlackRock, Fidelity, M&G)? As far as I can tell, first year base is around £40,000 and 20 - 40% bonus. How does this change as you move up the firm? From reading a few threads here, it seems the pay is quite low even as a PM....
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Company Interview: Neuberger Berman - Asset Management InternAll of the questions asked in the phone interview consisted of fit questions. Starting with why Neuberger Berman? Why Asset Management? Which part of the firm are you most interested in being placed in? You need to have a good story about why you want to work at Neuberger Berman, what specifically a...
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Company Review: TIAA CREF - IFS Internship ProgramGreat/work life balance. My MD was very attentive to what I wanted to learn during my internship and thus allowed me to work on projects for other teams.. The workflow was horrible and assigned projects were not usually meaningful. The office was very empty and many times I was the last one left i...
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Company Review: Ameriprise Financial - Good Work/Life BalanceGood work/life balance. Work with lots of smart people. Opportunity to get involved with many different types of projects.. Lack of career development. Low pay for loyal employees. Pay more for outside talent. Some drag on business because of corporate policies. ...
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Junior / Support Portfolio Manager InterviewHello Soon I will have a 2 hours interview for a Junior PM position in a french bank, but I have no idea how to prepare or what to expect from the interviewers. I have to mention that I have a very limited work experience, and from where I am, this opportunity is rare, but I really enjoy this domai...
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Years necessary as sell-side Equity Research Associate for Post-MBA Analyst role at long-only AM?Hi guys, My dream career is in a value-oriented asset manager on the west coast (Brandes, Dodge & Cox, Hotckis & Wiley). My question is how many years of sell-side equity research experience along with an MBA is typical to be considered for an Analyst position at the firms above, as well as traditi...
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Company Interview: The Vanguard Group - College to Corporate InternAll of the case study was surprisingly challenging for me personally. I had about twenty minutes to read the packet before the interviewer came back in and we got to go through it. It was about different investment funds and what I would think would work best for older clients. A lot of the informat...
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Advice on Pensions & Endowments in TexasLooking for some advice on large pensions and endowments in TX, mainly public. Does anyone have any color on the pros and cons of working at places like Texas Teacher Retirement System, the Employee Retirement System, or the Texas Permanent School Fund? The roles in question are in asset allocation ...
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Company Interview: Point72 - Academy Summer AnalystQuestions asked in the live video interview included: What are other firms are you interviewing with/do you have offers from? Why are you interested in finance? Why are you not interested in another field (one that was more relevant to my major)? Tell me about a business deal that interested you. T...
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Company Review: BNY Mellon - Solid ShopGood vacation, great people, good brand and reputation, you learn a lot, which helps down the line. . Low relative pay to similar position in same city. Health insurance was sub-par. Low upward mobility....
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Relevant Technological Skills for Future in AMHey guys, so I've been reading at work a lot lately about the future of automation and the implications for the investment management industry. As we all know, jobs are and will be at stake in the future because of increased cost pressures on AM firms, and the ability to replace expensive labor with...
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2018 JP Morgan AM Launching Leaders Summer 2018Curious to see if anyone out there has either gone through this process for prior years or is looking into their current program. HireVues were released over the past few weeks and the superday is late September. All insight regarding the topic is more than helpful....
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Company Review: Fisher Investments - Not a terrible option right out of undergradTop of the line employee benefits, hours aren't too grueling compared to severa; other asset management firms. Pay is pretty low. Management is generally inexperienced. Work is very repetitive, tends to feel like an assembly line...
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Company Review: Sun Life Financial - InternFlexible hours and moderate workload, never was really that stressful, nice company outings for interns. Manager was a bit restrictive, other than that can't really complain, winters can be harsh in London...
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repeating undergrad internship at mid-tier AM shop with likely job offer[delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] [delete] ...
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Best online excel coursesI’ll be working at a large asset manager next summer and wanted to know if anyone has used a good online excel course. I’m a beginner with excel and wanted to have a solid understanding of the program before I start work....
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Vanguard -- MBA Investments Internship InterviewHave an on-site superday coming up, do you guys have any suggestions/thoughts? Much appreciated, thank you in advance for the help! ...
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Company Review: Deutsche Bank - PWM - AssociateGreat work life balance, working on wide breadth of products for small institutions and HNWI. Access to product groups.. Division in flux after spin off of brokerage unit and intended sale of asset management division. Need full commitment from senior management for business line....
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