Silver BananaTopicReplies
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ClearBridge Investments (Legg Mason) Equity Research Internship Questions So I recently received an equity research internship offer with ClearBridge Investments for this summer (they're one of Legg Mason's funds). I couldn't find a ton of information about comp/exit opps online, so I was wondering if anyone on this forum might know anything. Some specific questions I hav...
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JP Morgan Securities - Interview - Private Wealth ManagementThey simply made you go through your resume. The asked what you thought about the company and why it was different from everyone else. Have you noticed anything that JP Morgan does differently and do you like it? They asked if I write my notes for class on paper or a tablet. They then asked if the t...
Rothschild - Interview - Private BankingInterview one consisted of basic HR questions, followed by motivation for this role and understanding of the Private Wealth function within Rothschild No real tough questions here, really standard questions. Interview two with 2 investment professionals, was asked the following : How would you ...
SKBA Capital Management - Interview - Investment ManagementHonestly, none. It was pretty straightforward. I got a little thrown off, actually because it was so easy. The first round was just why SKBA, why should we hire you, and pitch us a stock. I sent in a very detailed and very well researched report on the stock beforehand, and that's what I think pushe...
Pacific Investment Management Company PIMCO - Review - N/AWorking on the desk was an enjoyable experience, as you get daily interaction with portfolio managers and associates.. It can be tough for some people to wake up at 4AM every day; you are expected to be at the desk by 5AM latest. ...
Jones Lang LaSalle - Interview - Debt Capital MarketsNone. I was asked to describe my work experience, a prior deal I had worked on, and to verbally describe what kind of analysis I conducted on the deal. We casually spoke about the state of the industrial investment market for the northeast region, where I saw an opportunity. The interview was conver...
Goldman Sachs - Interview - Private Wealth ManagementWhat are your 5, 10, and 15 year career goals? While I have been asked questions similar to this before, they only included one time horizon. This through me off a bit, because I had only answered based a 5 year time horizon, and the question was not solely meant to be a career oriented answer. Anot...
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Include part-time work on CV?Hi, hoping I get a reply. I was wondering if I should inculde my current part-time barista job on my CV. I already have a lot of other finance related stuff on my cv which is quite enough to fill the page. I was just wondering if I should include the part-time job simply because I am currently emplo...
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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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Bank of America Merrill Lynch - Interview - AdvisoryThere were 2 groups of interviewers, both started with an overview of my resume and then continued on to some behavioral questions, followed by industry-specific questions like the following: What is more important, work ethic or intelligence? Tell us about your work experience? Why would you be ...
Morgan Stanley - Review - Wealth ManagementEasy to work while full-time student with commute. Free lunch. Good hourly pay. Great office environment. . Grunt Work. Paper pushing. Getting lunch. When working with operations team, can get difficult due to poor personalities. ...
AQR Capital Management - Review - OperationsExposure, Free Lunch, Free Breakfast, relaxed atmosphere. Seems like a great place to be so far. . Free Lunch, Brilliant coworkers, people seem to care about their jobs. Lots of experience and learning. ...
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IMD at Goldman SachsI currently have an application submitted to the 2018 Full-Time Analyst program at GSAM in Chicago. I've visited the office, met with some people, and feeling excited to see where it goes. Does anyone who's been through the process care to share their experience? How long was the process? Timeline? ...
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Bank of America Merrill Lynch - Review - Private BankingI got to work directly with the portfolio manager, I got to make decisions on portfolio investments, I worked with 13 different partners and I was responsible for creating a program that drastically improved the efficiency of the office.. Did not get to model as much as I had wanted and I was limite...
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Is bankruptcy a deal breaker?I am hoping to land a spot in Morgan Stanley's Wealth Advisory Associate program. I have a chapter 7 that is about 5 years old. Will they run a credit check? If so, when it comes up, will this eliminate me from consideration?...
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Anyone else Interning in LA this summer?I'll be interning at a BB in LA this summer in the WM division. Was wondering if anyone else is, and if anyone was potentially looking for a roommate and/or friends :)....
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Temasek - Interview - ResearchIntroduction about yourself, talk about your strength and weakness. Describe in details what you have done for each of your job positions including any specific projects. Are you a team player, what exactly have you done to show that? Describe what is risk. How do you measure risk. What is your inve...
WeiserMazars LLP - Interview - Portfolio ManagementAll questions were along the lines of 'give an example of a time when you had to work extra hard to finish your work'. or 'give an example of a time where you found something particularly difficult'. Questions are not anything to do with your CV, I'd expect that in the 2nd round interview, these are...
ABN AMRO Group - Review - Private Bankingvery good exposure in terms of various aspects of product development. Learnt due diligence , pitchbooks and worked on various proposals of hedging strategies.. less structured and low on networking. A bit more mentorship from senior managers would be great. Networking amongst interns is missing....
Wellington Management - Review - Investment ResearchBenefits are amazing and the work is always fascinating. Company culture breads success and work/life is stressed. . Welllington's reputation allows us to gain access to company management teams fairly regularly which is helpful for model tweaking and insight. ...
Pacific Investment Management Company PIMCO - Interview - Technology, Media and Telecom (TMT)This is a question asked in my another interview at PIMCO with the Client Strategy Analyst intern, which I did not get the second round, but this question definitely caught me off guard. The VP asked what is the difference between data science and data analytics. This should be an easy question sinc...
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Blackstone Private Wealth Solutions (PWS) InterviewHi, I'm a junior from a non-target and landed an interview with BX PWS, coming up this Friday. I haven't researched much into this group so would really appreciate if anyone can share what they know about Blackstone's PWS division and/or know what I should prepare for the interview. Thanks!...
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Goldman Sachs PWM: Wealth Management Professional vs. Private Wealth AdvisorOn the Goldman Sachs website these two job descriptions seem quite similar. Could anyone provide some insight as to the differences between these two positions i.e. daily duties and responsibilities. Ideally would love to hear from someone who worked at GS PWM or knows someone that did!! Thanks in a...
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BlackRock - Review - Asset Managementinteresting work, very smart, friendly and collaborative people all around the firm. People are willing to help and want to see you succeed.. Long hours for some groups. internship could have been more personalized to each intern/team needs instead of generalized and too broad to be useful....
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MSF Profile Evaluation/ graduating undergrad may 2018Please respond on your thoughts. It would be very helpful in narrowing down my list to apply, thank you so much for doing this! International student. Education: UG major in finance and economics from US school ranked 50-60 nationally in a major city. GPA: 3.01/4.00 GMAT: 720 Internships: PWM i...
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Russell Investments - Interview - RetirementI was asked about my knowledge on retirement plan financing, and how to go about dealing with clients of that demographic. I answered the question as far as I could behaviorally, but from a technical perspective, I did not know much. I have only taken intro level finance classes (and financial/manag...
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CFA Level III Mnemonics 2018 Level III Candidate here just looking for some study help/tips! Fortunately, there are not too many equations that I've come across on LIII relative to LI and LII but I was hoping someone might have some good mnemonics on some of the sections (PWM, Econ, AA, FI, and Risk) that do have some hea...
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Dimensional Fund Advisors - Review - SalesVery friendly working environment. Team made me feel welcome from the start. Good after work socialising. Hours are excellent, strictly 9 - 5:30 job with no expectation of staying later - very much a philosophy of "if you can't get it done within those hours you're doing too much or you're rubbish a...
JPMorgan Chase - Interview - Asset ManagementThe Skills/excel test was somewhat challenging, but anyone with a bit of prior experience in building 3-statement models or variations thereof wouldn't find them too confusing. Stock pitches were discussed, as were some questions on markets and macro factors like interest rates, inflation, and Fed p...
JPMorgan Chase - Interview - Asset ManagementI do not think there were that many difficult interview questions in this interview. Most of them were pretty straightforward and there was nothing that hard. The most difficult may have been a hirevue that asked me why I wanted to be a part of JPMorgan. This required me to think a bit more and also...
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TIMELINE for wealth/asset management recruiting - summer analyst 2019Should we start this now? Any insight or advice would be great! I know firms are recruiting early this year. JPM has already started, any others? ...
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Eaton Vance Corp - Review - Fixed IncomeGreat leaning opportunity for those interested in getting acquainted with the world of fixed income research.. There are not many opportunities to join the team as the number of available spots are few. For this reason, fit is very important for joining a specific team...
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Looking to learn more about CR and FI.I'm currently a sophomore looking to learn more about Fixed Income. This is my first post and I believe this is the right forum for this. My previous experience has been mainly focused on equities with some experience in VC (Summer internships at 1 local AM firm as an ER analyst, 1 local HF as an ...
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Boston based AM Firms ( MFS, Putnam, Wellington)Was wondering what ppl's/street's thoughts were on Boston based AM firms specifically MFS, Putnam, and Wellington. Culture, pay, B school opportunities etc. Are these shops considered more "regional" firms (compared to some of the big names such as PIMCO/BlackRock etc)? Thanks....
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No Response After Interview Job Offer for Asset ManagementI know that everyone on this site has experienced the same thing. Waiting to hear back after an interview is killer. I interviewed at a top Asset Management firm for an analyst gig a week and a half ago. It took two weeks from initial phone conversation to first in person, but I keep hearing back fr...
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Northern Trust - Review - Corporate FinanceThe company values a strong sense of community engagement. Every employee is referred to as a partner, and volunteering opportunities are emphasized.. The pay is relatively low (for both interns and full time analysts). There are many roles available but no clear explanation regarding their responsi...
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Will I have enough experience for FT jobs Hi everyone, I’ve been lurking for a long time and wanted to post because I’d like to find out if I’ll have enough relevant experience for FT positions. Eventually I’d like to be in AM or HF, but I’d take whatever job I could to break in. I have a 3.3 at a target, but will probably have ...
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Masters in Investment Management - Rankings??Hey Everyone, Im interested in the Masters in Investment Management programs. Anybody have a list of schools that offer it? What are the best schools for it? Rankings? -- Thanks Monkeys...
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University Endowment Fund AnalystInterested in hearing your guys opinions on what values there are in seeking a part-time investment analyst position at a university endowment fund. I just want to point out that I want to do this solely for experience in long-term value investing and asset management. The endowment fund is >= $20 b...
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INVESCO Asset Management - Review - Fixed IncomeGreat company to work for with smart, personable coworkers. Significant visibility from, and interaction with, management. Solid pay. Good industry reputation.. The "Chicago office" is in Downers Grove (~25 miles west of the city) and is terrible for talent retention and acquisition. The commute is ...
AXA Advisors - Interview - AdvisoryHow do you, a sophomore, plan to benefit our specific firm? What do you bring to the table? Why Should we hire you over the other candidates? What do you know about asset location vs. allocation? What makes you stand out? What do you do in your free time? Would you rather be rich and disappointed or...
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Part time grad school for experienced trader/pmI am a macro trader / pm at a top 20 asset manager. Looking at part time grad programs in finance, math, b school. I already have the CFA designation and almost 10 years of experience. Not looking to change roles, company or career path. This won’t boost comp or help with promotions. I am not lo...
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Portfolio Manager Career PathI am a high school student, and I will graduate in a little over a year. My college will be completely paid for, so I was planning on getting my MBA directly after my undergraduate, I was planning on a major in finance and a minor in economics. My question to you is, since I will be bee lining it t...
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Intern to Portfolio Manager - What division to start out in? Hi there, I'm currently a junior in undergrad and am interning at a big asset management firm for the summer ( think Fidelity, Blackrock, Wellington, PIMCO, etc). We are given the option to pick what division we want to work for - ex. Equity, FI, Quant. My ultimate goal is to work my way up to port...
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Dimensional Fund Advisors - Review - Mutual Fundseasy work. 8-5 job, very little stress. Lots of highly accomplished individuals from top tier schools. Pay is good.. Career progression after the Investment Associate level is very difficult if you didn't go to a top business school. Senior management leaves the team in the dark on everything. ...
Manulife Financial - Interview - Investment ResearchHow election results impact the markets? There wasn't anything too hard as long as you read the news. Interviewers were nice. They like that you have a CFA. They asked the typical questions: walk me through your resume, why Manulife, why a rotation program. Be sure to make a good impression on every...
Wells Fargo and Company - Review - Debt Capital MarketsExcellent starting position for those interested in Capital Markets, Real Estate, or Asset Management. Learned a lot and was able to successfully network across industries.. Cyclical and stagnant work cycles/reporting periods. Work can be mundane, limited access to financial modeling....
Dimensional Fund Advisors - Interview - Mutual FundsTell me about a recent academic paper that you've read recently and tell me about the implications that this has for our firm. Tell me about the Fama/French 3 factor model, and what is the interpretation for each dimension/factor? Why does Dimensional only use 3 factors and not more? What is a bi...
Goldman Sachs - Interview - Private Banking1. Explain why equities are so high given the current interest rate environment? 2. How many ping pong balls fit in this room? 3. How many pizza stores are there in NYC? 4. What is the riskiest asset class? 5. What can we expect from bond prices? tell me about the market? 6. three str...
Pacific Investment Management Company PIMCO - Interview - Portfolio ManagementA brain teaser question. It tells you that you need to finish 120 miles in two hours. It also tells you that during the first 60 miles, you travel in the speed of 30 miles / hour. Then it asks you that what is your speed for the remaining miles in order to maintain your speed in 60 miles per hour. ...
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Is Ark Invest credible, or more marketing than subtance?This is ArkInvest: ark-invest.com They're a fund focused on "disruptive innovation". Their approach, "Open Source Research Ecosystem" and Founder's emphasis on creativity as the basis for generating alpha seems more marketing than substance. Some of their presentations have been fairly unprofes...
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Goldman Sachs - Review - Product ManagementGood benefits, good on-site wellness center, good continuing education and training, generally friendly colleagues. . Very political, intense work environment, analyst years are too long and promotions are too slow for juniors, resulting in high attrition rate. ...
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Where to find old (5 years) CFA Mock examsHey Y'all, I am considering to enroll in the CFA Program and sit for Level 1 in December 2018. Current charter holders have told me that there are old mock exams online. Would it be too much to ask if someone could point me in the right direction? Best, Yung Buda...
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Index error causes Carillion losses for ETF investorsHey monkeys, i just saw this news and it really confused me. It says S&P should've removed this company back in December from one of their indices but they didn't, which caused loss for investors. what is confusing me is how come the losses? Doesn't ETF just track its underlying index, i.e, if the ...
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BMO Nesbitt Burns - Interview - Wealth ManagementOverall, not a difficult interview at all. Purely behavioral with mostly situational type questions. They wanted to know how I worked with other people, managed conflicts, balanced opinions, and generally if I was personable and could speak intelligently about my experience. *Tell me about a time/p...
JP Morgan Securities - Review - Asset Management- Great team, good social environment - Good hours - Lots of opportunity to learn from wide range of resources . - Work can be repetitive - Career path not as obvious - Lack of development training once started ...
JP Morgan Securities - Interview - EquitiesIf you had the market price of the company and tried to re-engineer the internal rate of return of a company, what indication would that give you about whether it is a good investment? What balance sheet multiples would you use to evaluate a company? How would you figure out how many fridges there a...
Cambridge Associates - Interview - Investment ResearchWhat would you choose to avoid doing at work everyday if you could? What is appealing to you about other roles you are interviewing for? What would you say If you worked at the firm and had to describe what we do to a client? What can you tell me about the position you are applying for and how it...
Lord Abbett - Review - Investment ResearchSmall incoming class means a lot of time getting to work with senior people at the firm. Lots of petential mentors.. Private firm means some things (quality of HR, IT etc.) are below industry standards. Can be frustrating some times....
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fair value on this upcoming merger, tough onewww cafepharma com/boards/threads/amedica-and-zimmer-soon-to-be-one.612417/page-12#post-6019082 Very hard to figure out the value of the tech. Please add ....
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How long did you all study for the CFA level one?I plan on signing up for CFA level 1 and I was wondering if people who have taken it in the past actually felt that 300+ hours was needed??? I am currently an undergrad in finance and will be in my 4th year this December which is when I plan on writing the exam (not June). ...
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What's the difference between these 3?Had a question I've been thinking about after reading a bunch of threads that have recently come up about asset management firms and hedge funds. What's the difference between an asset management firm that purchases public equities vs a hedge fund? Where's the distinction between them? Also, what...
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Schroders - Interview - TechnologyThe case was mostly related to system architecture and involved weighing the pros and cons of different solutions in order to deliver a project. Factors included, time, staff, cost and efficiency. Group project involved project management of a particular project using agile methodology. We had to we...
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How often do people move from back office to front office?I'm going to start work as a business analyst working in Technology at a large Asset Management firm in London. I really like the exposure to new technologies (big data, cloud, AI) etc, however in the long term (5-10 years) I hope to move over to the front office (e.g. Investment - Equity). The two...
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Fidelity "Non-Tech Internship"?I applied to the Fidelity "Non-Tech Summer 2018 Internship" about a month ago and just got a Hirevue invite today. Is this their main summer analyst position? Does anyone know what the Hirevue is like? Here is part of the job description: The Purpose of Your Role -Participate in challenging work ...
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WIM Wells Fargo Phone InterviewGot notified by Wells Fargo to send in a survey to be considered for a phone interview for Wealth and Investment Management. When should I expect to hear back if I got a phone interview or not?...
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UCLA MFE vs Columbia MFE for asset management career in California?I posted this in another subforum but I thought it may get more responses here. I am currently considering offers from UCLA MFE and UW CFRM. I've also had an interview for Columbia MFE and will hear from them soon. I personally am looking to get into asset management later on in my career. From what...
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Pacific Investment Management Company PIMCO - Review - Product Management- Compensation - Hours - Work/life balance - Learning opportunities - Paid CFA/CAIA attempts (up to 3 attempts). - Poor management at the senior level - Office politics (very difficult to focus on work/appreciate work when there are office politics involved) - High employee turnover at junior levels...
Morgan Stanley - Interview - Wealth ManagementThe most difficult question is about to choose a stock, and provide with evaluation on this company, including the fundamental and technical sides to analyze it. They would more like to hear your analysis and thinking, and your strategies to invest this specific stock. Thus, you should collect enoug...
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AMA - Current Analyst at $20bn Hedge FoFBackground: MSF, ~2years MM IBD There seems to be a dearth of information about FoF on this site, so happy to answer questions people might have about transitioning from other parts of finance, what the work is like, or whatever else might be interesting to folks. Cheers!...
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Securitized products credit analyst interviewAny idea on how much I should prepare for a credit position, specifically focusing on securitized products? Dont know much about the industry beyond the definitions of different products, not really sure how much im expected to know as an intern...also any advice regarding the nuances of structured ...
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