Silver BananaTopic
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How long before layoff looks too long?Hello all. I was recently laid off as an equity analyst from a small long-only shop where I worked for about 5 months (with 4.5 years of analyst experience at another larger global long-only prior). The layoff was due toa company wide reorganization where our fund was liquidated (i.e. not performanc...
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double post.. ignore please delete mods...
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Is this illegal? Avoiding Gift tax?Hi everyone, Lets say I want to gift 20k to my son. Obviously I can pass on 14k without inuring any gift tax but can I give $6,040 to my cousin (pay him 40 dollars lets say so cover wiring expenses, etc) and have him gift 6k to my son? where dem pwm folks at? It seems like if I wanted to I could do...
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Non Target School - NetworkingI am an undergraduate from a non target school looking to land a job in equity research on either the sell side or the buy side. I have diverse internship experience ranging from ratings analysis to PWM. I have tried to network with alumni, but most of their firms (hedge funds mostly) are not hiring...
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Cottonwood Ag ManagementDoes anyone know anything about these guys? They do OCR at my campus, sent in my resume and managed to get an interview. Can hardly find anything about them online though. ...
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Zurich based fund seeking deep value equity analystHi guys, I am based in Zurich, Switzerland and a fund I will be joining here is looking to hire another analyst. They are looking for someone with 3-5 years experience. They care far more about the investment philosophy and thinking of the person than their technical skills, although you still have...
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Blackstone First Round Interview (BAAM and BREDS) - AdviseHey guys, I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Has anyone interviewed with eithe...
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Newbie Financial Advisor: How To Be Successful.After a successful job in college as a donations solicitor, I thought I could make a long-term career out of convincing people to part with their money. After speaking to a Financial advisor at Merrill Lynch, I was convinced this was the perfect career for me. Three interviews and three rejections l...
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AllianceBernstein Superdayi have a superday coming for their fixed income rotational internship. Tried searching the forums for info but couldn't come up with anything. Does anyone have any tips/advice on what to expect? I know Sanford Bernstein focuses a lot on case studies and market sizing questions but I'm unsure if t...
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The Culture in Lazard Asset Management?I know that Lazard in general is considered a sweatshop more so in Investment Banking, but what about the Asset Management division? I'm also aware that Lazard is a great boutique firm. Are the hours as bad if you are in the Asset Management division? In general, i'm aware that the consensus is t...
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Multi-Asset StrategiesDoes anyone know what the Multi-Asset Strategies team at BlackRock does? It pretty much mentions every asset class in the description (below) - how deep does the analysis get? For example, would you actually do in-depth equity analysis? Do you actually engage in HF/PE strategies or is it a FoF thing...
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ECM -> Asset ManagementHi all, I'm currently doing a traineeship at a universal bank in NL. The traineeship is ending pretty soon and I have narrowed down my next career choices to Corporate Lending and ECM. Right now I'm trying to find out which option would be best for me, and yes I also take exit opps into account. I...
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BlackRock Corporate Strategy InterviewHello, I just received an invitation to interview at BlackRock for the Corporate Strategy summer analyst position in two weeks. I would love to know what to possibly expect and any insights that you might have about the division. Thank you!...
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Oak Hill Advisors Client Coverage Analyst I have an incoming interview with Oak Hill Advisors, and the position is Client Coverage Analyst. I am kind of confused about the job responsibilities of this position. Looks like this job is about doing administrative works for the team and the client instead of doing fundamental financial analysis...
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Intro Jobs to Asset ManagementI am finishing up a two year corporate finance rotational program from a Fortune 10 company at the end of the year and looking to get into Asset Management. I went to a public non target school and am signed up to take CFA Lvl 1. To break into Asset Management, what kind of job should I be looking f...
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Need Series 7 Help/Advice I recently secured a position as a HNW broker, but have to pass the Series 7 to start. Firm provided STC materials. I am having trouble retaining information from the manual, and practice scores not really budging. For people who have studied for and taken the 7 recently, what worked for you? Did y...
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Anyone know the internal wholesaler requirements for someone who is transitioning?So I took a position post grad with a major mortgage company with two years of sales/customer relations experience underneath my belt and am looking to gain entry into a internal wholesaling position either in Chicago or NYC. I was curious as to the difficulty of getting into the industry as a non f...
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Best way to Prep for Series 7?I am a career swapper and need an angle to get attention from more firms. I am considering taking the series 7 to make myself a more attractive hire, any suggestions on any classes/books to purchase. I will have weekends/ after work to prep so time is limited....
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RIA servicesI'm curious who here has used RIA-in-a-box and any similar groups? What were your experiences, would you do it differently if you were to do it again? I've heard some positive things about RIA-in-a-box but no comments with much depth regarding the full experience. I'm going independent soon and tr...
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RIA MarginsI know this will vary depending on a lot of different factors, but does anyone know what a typical RIA's margins are? For example, say you have $1B AUM. If you take, say, 1.25% and are paying for referrals and everything maybe you wind up with 80 bps net and then maybe 40 bps for salaries/expenses. ...
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Internal Wholesaler job questionsHey, I am considering applying for a job as an internal wholesaler. However, I have a few questions regarding what they do. What is the basic salary and commission structure like? How much travel does an internal and an external do? How do they place you in territories? Does an internal spend the wh...
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After Wealth Management InternshipHi. My internship at a wealth management firm is coming to an end. My question is what kind of positions i can apply to after that? I’m actually interested in either investment banker or financial analyst, but i want to figure out if there are more interesting positions than those and what jobs do...
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Phd Finance vs Phd Computer Science vs Quant JobHello everyone!!! I'm new to this and the discussion has already been beaten to death before or in other places. However, I'd like to hear some more recent opinion. The time is almost up for me to answer to a job offer I got. It's from a top quant shop where I interned this summer. I don't want to ...
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Municipal Credit PitchesAny advice on preparing a municipal bond pitch? I know the muni market well, but more from the banking side. How similar to a pitch for corporates?...
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Schroders Asset ManagementWhat stands out when you think about Schroders? Why would someone want to apply there as opposed to somewhere like BlackRock? ...
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JPM Private Bank SA - Latin AmericaAnybody have any insights into their Latin America group, or JPM's private bank in general? Also, as to what to expect in a short phone interview? Thanks...
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Is "Investment Operations" a glorified title for a grueling BO job? I'll be graduating this fall and currently have one Financial Advisory position on lock but I'm wondering about Investment Operations. If we're talking about major AM firms such as BlackRock, Cambridge Associates, JPM AM, etc. are the Investment Operations positions going to be more involved in term...
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From PM to Bond Sales pre MBA. Good or bad idea?So I'm currently working as a fixed income PM in the AM group of a continental Europe Bank (think BNP, Santander, ING...). I applied for the MBA in round 1 and I am waiting to see if I make it to the interview. My post MBA goal is to continue in the buy-side, moving to a larger AM company like (Bla...
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JPMC Launching Leaders 2016Hey guys, I just heard back that I got into JPMC's Launching Leaders Program! Does anyone know what to expect? There are supposed to be interviews, so are these more behavioral or technical? Is the program predominantly sophomores or juniors? Thanks!!!!...
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What is Asset Management Marketing? Hello! I am interested in learning more about this field in particular, within the context of Asset Management. No one at my university has gone into this in particular (people go into IB mostly), and I've seen it as an option within JP Morgan's Asset Management application. If anyone has done Ass...
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Brexit impact on Asset ManagementHas anyone had ideas about the impact of Brexit on Asset Management industry in London and the rest of England? Any simply thoughts are very welcome!...
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(ANOTHER) CFA Level 1 Freakout/All-Suggestions-Welcomed ThreadBackdrop: -Originally gave myself 7 months to study (came from Econ undergrad, so I figured I would need more time than most) -Department I work in is understaffed like you wouldn't believe, had to work crazy (80+) hours for the last 5 months, despite being in BO. -Barely had time to study at all, ...
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any idea about economist position at JP Morgan asset/wealth management - Interview coming up dear all, i have an interview coming, regarding the economist position within the investment strategy team in Private banking business in JP Morgan. any idea how the interview gonna be like? i am guessing it would be much about macroeconomy? thank you all!...
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Exit Ops from a Fund of Funds Research Role?Does anyone have any knowledge about Exit Ops from a Research Analyst role at a fund of funds? Seems like the research is mostly in asset allocation, as well as researching investment strategies of hedge funds and mutual funds. Would it be possible to transition from this to a more direct investment...
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Flash vs. SubstanceHello everyone, I wanted to open up discussion on this forum to get a bit of advice as I am going through recruiting. A bit of background about me, I am just starting my junior year at a non-target and am going through recruiting for summer analyst roles and have been interning at a lesser known AM ...
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Goldman RMD (Asset Management Analyst)Have my 3rd round interview with Goldman's RMD Asset Management groupthis week (first two were over the phone) as an analyst. From what I was told, the end of the interview would be sitting with an analyst or associate to assess my technical skills. Can anyone provide insight as to what they will b...
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Posting a letter rather than sending an email?I met up with a fund manager at one of the largest asset management firms and the conversation turned to networking. I told him that I was cold emailing fund managers and other senior people in the industry. He said to me that fund managers and other senior people get countless emails a day and t...
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Transition from PWM to AM?Hi all, How feasible is a transition from the investment research/analyst side of PWM at a BB to the institutional Asset Management division of the same bank? Additionally, are there any banks in particular where this transition would be easiest? In general, how marketable are PWM (investing side) t...
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Career Advice, 2015 GradHey guys, I'm looking for some career advice. I graduated in 2015 with a BA Economics and a minor in Finance. After graduating, I continued working for a company I interned with for 2 years (part time while in school). 3 months into that I transitioned into real estate working as an analyst in the...
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SWFsHave been contacted about a job in the middle east with a large SWF in the public markets team. Currently working in AM, 5 years experience. The comp would be excellent and is the main attraction. Wondering if anyone has experience working at such a fund? Have of course heard general comments about ...
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Different teams within an asset management firmsI was wondering if anyone could discuss the merits of working in various parts (e.g. fixed income, equity research etc.) of an Asset Management firm? My preference is to work in fairly quantitative role that is intellectually stimulating, but that also has strong career prospects moving forward....
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S&T to HF/AMI just accepted an analyst position for S&T at a BB with desk placement to come a little while after starting. In the future (a few years down the line) I would like to work on the buy side and be closer to the investment decision. My question is three fold: 1. What would be better for someone who ...
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BlackRock FMA GroupHey guys, I just applied to BlackRock's FMA group for an internship next summer; the work seems really interesting and unique. I was wondering if anyone could give more insight as to what it's like to work in this group beyond what I can get out of the website (work environment, examples of project...
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Call with SVP of Capital GroupHello all, I am in the interview process of the capital groups investment operations summer associate program and I networked my way into a call with the svp of the downtown office of that department. (they are an alum of my current school, reached out via linkedin) My question is: what are some go...
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EM credit fund/networking in Los Angeles (LA)Pretty new to the EM credit scene- wonder which are the big funds in Los Angeles? (especially on PRIVATE credit side?) Any good industry conferences/ networking groups you monkeys can point me to? ...
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Credit Analysis: Corporate Banking vs Asset ManagementWhat are the differences in day to day activities/analysis in credit research from a corporate banking point of view where the bank is looking to see whether a company is eligible for a loan vs. an Asset Management firm or investment firm when looking to invest in fixed income. What does each side l...
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Trying to help my mother not get scammed. Have a prospectus questionJust a quick answer would be a huge help to my family. My mother is single and naive, and I am trying to help her retire securely. My question is on a prospectus, are the annual returns described the returns my mother actually would have seen had she been invested, that is after operating expens...
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s&t summer analyst contemplating buy-sideCurrently a sales and trading summer analyst at a BB. I want to possibly go into buy-side after graduation instead because I like how you're more compensated and measured by the performance of your ideas. Advice??? Do you learn as much on buy-side during first few years? What are exit opps like in...
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How hard is it to go from Fixed Income to Equities in AM?I am an undergraduate student graduating in Dec 2017 looking to break into Asset Management. I am currently doing a credit analysis internship analyzing corporate bonds. I am most passionate about equities and want to work in that field. Right now I'm looking to get a 2017 Summer Analyst internship ...
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JPM PA (Portfolio Advisor) ProgramDoes anybody know anything about this PA program at JPM? Do they essentially support the FAs with all operational and administrative tasks? How difficult would it be to break into this program/position coming from a BO role within the bank? Below is the job description. Thanks in advance. Primary...
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GS IMD Info neededHave been trying to do some research on GS IMD specifically GSAM. I know that Liberty Harbor, GSIP are selective GS HFs. Are these the only two GS HFs? Are the other GSAM groups basically fund of funds/ assist allocation? If so, do these groups have exit ops to PE/HF similar to Banking? ...
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From Investment Advisory to AM London - AdviceHi all, What advice would you give to someone trying to step over to AM from IA (low percentile IA shop) in London? Background: US and Asia education - MSC Finance - Washington University in St. Louis and Singapore Management University. 3.9GPA. CFA 1 (likely CFA 2 in a few months) but no relevant...
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Interview in Fixed Income Investment/Credit Research tipsI posted the below post in the Career help section but was not getting any responses so I figured I try here. I have a BS in Accounting & Finance from Rutgers University as well as my CPA. I am also a level 2 CFA candidate. Currently I work in Financial Reporting for our Fixed Income Business - Al...
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Changing location preference on appHi all, On some online portals, as I'm sure you're all familiar with, one is given the option to list 3 location preferences. If I wanted to changed my second preference to a different city, will that be looked negatively upon if I email HR with that request?...
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is actuarial tests a solid proof of quantitative skills ? What i have now: - bachelor in economics, more focused on macroeconomics - CFA Charter - 2nd year associate, 4 years experience in FX and rates sales & trading (1yr trading, 3yr sales, across 3 locations in Greater China, with 3 different banks) - some programming skill (should be good enough for n...
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CalPERS quantitative assessment questionsHas anyone taken CalPERS's 45 minutes, proctored, quantitative assessment for the Associate PM (aka Associate Investment Manager) or similar position ? What should one expect ?...
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Can I cut it, and make it onto a graduate scheme?fellow users, Im currently going into my final year at university (October) at a target university, studying Economics. I'm on track for a 2.1, and have had experience in my first year at uni at Bloomberg and also one of the biggest banks in the UK. A spring week, and summer vacation scheme. I was...
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PWC--Senior Associate (FSR): Approximate compensation after 4-5 years of experienceWhat is the approximate compensation package for senior FSR associates at PwC? Is 110-130k too much to ask for?...
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What exactly is GS PWM, SSG and RMD ?Got an invitation for a physical interview. I have some experience with trading ops/deriv ops, managing futures for hedging and doing wire transfers, cash transfers type of stuff. I have no idea what they do but the keywords in the job description are bank loans, corporate loans, loan servicing,...
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Portfolio Analyst for corporate bank portfolio: What to expect?Hi all, So I'm looking for help understanding a position my buddy had described to me. He said it was a portfolio analyst position for a corporate bank which managed the portfolio of loans the bank has issued. Confused me a bit as other portfolio analyst positions involved managing portfolios eithe...
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SFI White Paper: A Strategic Road Map for Swiss Private BanksRecent paper by Swiss Finance Institute on state of private banking in Switzerland with practical implications and recommendations. PDF available here: http://swissfinanceinstitute.com/system/tdf/WP_Industrializing%20Swiss%20Private%20Banks_WEB.pdf?file=1 Abstract: This paper analyzes the industri...
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Fixed Income Analyst in a Regional Bank's PWM/broker dealer arm?I saw a posting for a fixed income analyst at a regional bank (think 25-50B), in their wealth arm. The wealth arm has ~5B AUM and the position reports to the head of FI, who in turn reports to the CIO. It's an experienced hire role, both fundamental and relative value research. Any one have any kno...
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Consulting Or Wealth management to break into AMHi guys (and girls), I have an offers with a tier 1 consulting firm and a BB PWM/Commercial banking internship. I am only a freshman (1st year UK) but my end goal is to get into AM, which internship do you think will set me up better for AM recruiting next year?...
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Deleted thread por favor Best chicken restaurants: 1. Hattie B's 2. Roscoe's 2. Popeyes 3. Chick Fil A 4. Church's 5. Everything else 5. KFC ...
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BlackRock Full Time 2017 DeadlineDoes anyone know when the deadline to apply for BlackRock full time positions are? There doesn't seem to be a deadline on the website. Thanks....
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Meeting with a director of valuation firm. Advice?Hey everyone, I recently set up a meeting with a director of a valuation firm (met through his son). My original intent was to meet him and ask for advice and to just see where things went from there. He has since passed on my resume and informed me that the head of the valuation group and the head...
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Series 65 helpHelp! Failed the 65 once with Training Consultants. Has anyone had success taking this darn exam???...
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Makena Capital Management vs. Walgreens Corporate Finance vs. Cardinal Health Corporate FinanceTrying to decide between these internship offers. I am interested in Investment Banking or Private Equity and want to position myself best for a top MBA program....
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Makena Capital ManagementHas anyone heard of this AM shop? Would be keen to hear any knowledge and opinions....
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LO shops, culture and career path?Did a short term gig at one of the long only funds and want to understand what other LO shops are like, in terms of analyst programs, particularly interested in those non major LO funds. Saw there are some 20-30bn AUM LO focused shops, what are the pos+ and negative working in those LO shops? ...
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Makena Capital Management Internship / Analyst ProgramFor all interested in Investment Analyst internship at Makena Capital Management in Menlo Park... Interview Process: In California: (1) 45 minute interview on-campus with two interviewers and questions are simple like walk me through your resume, why Asset Management, how did you hear about the fi...
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GS AM Digital InterviewHas anyone gone through this already? Just got an invite for the digital interview--it's not quite a video interview but have to record answers to questions and then submit them. Haven't gone through this before, since last year they were still doing the good old phone interviews....
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BlackRock Financial Markets Advisory QuestionsI've been searching for information on BlackRock's FMA division, excluding what is already posted on their website. Haven't been very successful at finding anything on WSO about this field. Can someone preferably with experience provide an overview of the responsibilities? How similar is to invest...
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Fidelity Equity Research - Which team to choose?Dear all, I am lucky enough to land a summer equity research offer at Fidelity International Hong Kong office. Thanks everyone for your great posts. I will be given a few sector teams to choose from. I was told by my friend that most of the attractive teams have already been chosen, so not many le...
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AM in Canada - Is the CFA Required?Hi, To those of you who work in AM in Canada. Is the CFA a requirement to manage money? I thought I've heard before that in order to register with the OSC (or any other province) as a Portfolio Manager and handle client money, you need the CFA designation as a proof of qualification. I can't seem...
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GSAM in HK?Does anyone have experience applying to GSAM in HK? I'm an exchange student at HKU (target I guess for Asia), who speaks no Cantonese. My Mandarin is intermediate, however, I still have a long while to go to get to business proficient. Do I have a chance at getting into GSAM HK? There's a networki...
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Does an MBA really provide value for the buy side?I am in my relatively young career on the buy side as an analyst for an institutional AM. The expectation is of course to obtain a CFA during your first years. Then, to be considered for senior analyst or PM, you need to attend business school at a top 10 school. Right now the MBA just seems like th...
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What is the career path to become a Portfolio Manager?Hi all, I'm still an undergrad and my long term goal is to be a portfolio manager of an equity fund at a company like Fidelity or T Rowe Price. What is the typical career path like to achieve this goal? I'm under the impression starting in equity research is the best bet. Does it matter if I work o...
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Bridgewater Skills TestI was contacted about an Investment Associate opening at Bwater and they said that there will be a skills test. Anyone know what it is about? It's supposed to be an hour long and something I email back after receiving something. ...
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What does risk management division really do?Currently interning at a Asset Management group. Initially I thought they are in charge of managing portfolio and controlling the risk (either systematic or idiosyncratic risk) by adjusting the portfolio. Then I realized that they are basically a research division. Am I wrong about the duties of ris...
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Interview Excel Exam...formulas?? Hi Everyone, My friend currently works in PWM at a major firm as an Associate. He is basically an assistant but has learned a LOT about the industry. He has a second round interview with a global fund manager that services only institutional clients. Essentially he is making the switch from the ret...
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Neuberger Berman - Junior Portfolio Manager thoughts?Hi all, I'm a trader at a reputable prop firm in Europe. My goal has always been to move into the portfolio management realm, and I was hoping somebody could shed some light on the position/compensation/exit ops of NB. Thanks...
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Regional Bank PM SalaryI'm pretty far along in the interview process for a PM position at a regional bank. I have a sense of what the salary might be, but thought I'd check here to get other opinions and ask for thoughts on what the bonus might be. Position will handle about 100 HNW and institutional clients totaling rou...
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Need help with career :( Hey everyone, Any advice would help me out here. I'm really lost and frustrated and could use some honest clean advice because I feel people are too afraid to give me the truth. I currently work in an insurance auditing position with a P&C insurance carrier. Despite the decent pay, I hate the j...
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Working in FI Department/Asset MAnagement at National Central BAnkI might get job offer to work at local central bank which is ECB memeber in FI/Asset Management depratment and my questions is how tough is to work in FI market and what are exit options....
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Front,Middle or Back Office Description?Hi all, Looking at making the jump from Prop trading (large UK based prop firm) into AM. Already taken the IMC (UK), and I am registered for CFA I. Looking for advice on typical career progression in AM, where a Junior Portfolio Manager sits (both in terms of comp and front/middle/back office). A...
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Currently work as a private credit analyst, what are my optionsI worked without a break for years but now I'm enjoying the fruits of my labour. "I been trying to enjoy all the fruits of my labor" Lucinda Williams, Fruits of my labor it would be the benefits you get from working. If my "labor" was a piece of homework asking me to draw a picture, the "product" w...
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Help me out with some realistic expectations....I am a biz dev associate for a HNW planner, where can i go from here? A glorified telemarketer with hopes for a high paying future here....
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Can CFA offset bad GPA?Simple question. Can the CFA (1-2 years out of college) and being a CFA Level III Candidate or passing all three levels of the CFA, and eventually receiving the CFA designation, can this offset a poor undergraduate GPA? I was a division 1 student athlete at a non ivy league target school, studied fi...
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Dutch asset management industry post brexit?What's the outlook like in the Dutch Asset Management industry post brexit? I recently read some articles about some top buy-side firms based in London looking for real estate in Amsterdam. Is there an influx of firms in to the market or are things just the same? On a totally different note, is th...
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Interview Questions HelpI'm currently about to partake in an AM interview, what questions should I expect? What should I go in knowing? Thank you....
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Amount of time spent analyzing a company?A quick question to buy-side research analysts... On average, how long would you say it takes to identify an attractive stock to pitch as a possible long or short idea? How much time do you spend evaluating a company before you move on to the next one? Really just wondering how an analyst allocate...
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Gideon Strategic Partners, a legitimate firm or another marketing scheme? While browsing for summer internships on craigslist (I'm a freshman) I came across an ad for a intern position at Gideon Strategic Partners. At first everything about the company seemed fine. They have a well put together website and have a variety of different divisions within the company. Upon fur...
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2016 Summer Intern Return OffersHeard this year was pretty brutal industry-wide, where many interns didn't get return offers for full time. How bad was it? ...
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Portfolio Analyst InterivewI am preparing for a series of interviews for a Portfolio Analyst position. What type of questions can I expect? Any further advice is appreciated....
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Capital Group - what sets them apart?Hi all, Was just wondering if you guys have any knowledge on what really sets Capital Group apart (in both a positive and negative way) from other funds? I know it is a long-only fund with big scale (+$1.3tn AUM) but in terms of maybe investment philosophy (or indeed anything else), what makes th...
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Crazy tech valuations and the death of value investingWhat do you guys think the crazy prices of tech stocks as of late? Twilio for example IPO'd at around 15 and traded as high as $63, even the company has little if no earnings yet. To that part, to what extent do you think that value investing has become less and less relevant in today's market? Al...

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