Silver BananaTopicReplies
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JPMorgan Chase - Interview - Investment ManagementThere weren't really. I guess one curveball in terms of a behavioral question would have been "how do you learn? and in which environments do you learn best in?" as far as technical questions go there was only one technical question which was based on financial regulation which was as follows "What ...
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University Endowment Fund Summer InternI am a junior in college and I recently got an offer from a university endowment fund. The size is about 6 billion dollars, and the school is a Top 15 university (US news ranking). The fund invests in hedge funds, PE, VC and also has direct investments in real estate and natural resources. I wanted ...
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SEI Investments - Review - Human ResourcesGood work environment. Friendly management and laid back culture. Overall a great experience for a sophomore.. No cons to think of. Work was not exceptionally challenging but what you would expect from an intern. ...
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BlackRock - Interview - Asset ManagementThe most difficult questions consist of 'how would I invest 500 million dollars?', and brainteaser like 'If I was going to use big data to design a system or collect data that helps the economy to run more smoothly, what kind of inputs would I use and how would I run this particular program?'. Perso...
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Truvalue Asset Management Co.,Ltd. - Interview - Quantitative ResearchThe interviewer asked me to evaluate on my previous strategies listed in my resume, including the hypotheses, parameters, model, data pre-processing and so on. Also he asked me a lot of 'what-if's on the hypothesis process in my strategies. A couple of MATLAB questions were also posed by the intervi...
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Difference between Asset Management and PWMWhat is the exact difference between the two terms: Asset Management and private wealth management? PWM people do not manage assets or what? What is Asset Management? Asset management is the direction of a client's capital and securities by a financial services company such as an investment bank....
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BlackRock - Interview - Financial Institutions Group (FIG)There weren't really any out-of-box interview question asked. They were all very typical and somewhat expected. Some memorable ones were: - Tell me about a time you had to work with a big data set and how you made sure you had the right analyses? - Why ____? - What experiences on the resume do yo...
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BlackRock - Interview - GeneralistThe question was: a managing director asked if I knew what the company's revenue was last year and asked me to break it down, as the composition of revenue of the company? The good thing is I interned at the same company last year in a different office so I had some idea about what the revenue was r...
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Edward Jones - Interview - Wealth ManagementThe interview was mostly fit questions. Questions included: Why Edward Jones? Why do you want to be an intern for a Financial Advisor? Name a time you failed and how you over came it? What is a time that you had to deal with major adversity? Are you comfortable going door to door with a new fin...
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Full Time Entry Level Research Associate Positions in AM still open for 2018 grads?Anyone have any idea what firms are still looking for full time employees? I know that Western has a different hiring policy than most firms, but that's the only one I know of. Any advice and insight is appreciated....
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BlackRock - Interview - Financial Planning and AnalysisThere were actually no unexpected questions - they were curious of my CV, asked me to walked them through it. Some questions about my attitude and personality and of course my qualifications in Python, Matlab, VBA, etc. No skill tests or anything yet. Then I also ha a video conference with an other ...
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AllianceBernstein - Review - Private Wealth ManagementStocked kitchen Intellectually curious colleagues Access to world class research Average training programs . Limited growth potential Over burdensome Mid level management Micro management Outdated technology systems ...
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JP Morgan Securities - Review - InvestmentsI would say the company is good in that they have cohesize team cultures and tend to reward employees.. Closed off between divisions and mobility is hard because of little communication. Also can be heirarchical....
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Bank of America Merrill Lynch - Review - AdvisoryCompensation can be good as long as you put the work in. Benefits are decent, lots of room for advancement and growth within the firm. Hours are very good.. At the end of the day you're working in a call center trying to bring in new money for the firm. While there's definitely worse jobs out there,...
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Morgan Stanley - Interview - Treasury- what is a CUSIP? - what are different types of valuation? - what does valuation mean? - tell me about a time you worked on a team? - what are your plans for career growth? - How would you deal with an upset client? - What would you do if a client told you to execute a trade when neither of us (bos...
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BlackRock - Interview - Asset ManagementWalk me through your resume? Why BlackRock? Why Alternative Investments as oppose to generic equities? What, in your opinion, is driving equity growth in the United States? What do you think will be the effect of the TCJA on US corporations? What should BlackRock focus on in 2018? When you look...
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Morgan Stanley - Review - InvestmentsGood environment to be in. Nice building with good people. Learned a lot about sales and cold calling.. Not much analytical work, mostly cold calling with outdated lists. Pay was atrocious for trying to live and intern in the city....
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Is it too late to land AM job in HK now?Hi friends - a friend is relocating from NY to HK this month but still needs to find a job. His profile: fresh grad from a target, 3.8gpa, did internship at BB AM and boutique IBD. Chances that he lands an AM job in HK? he can start asap. What are some resources/contacts you would recommend? thanks!...
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BlackRock - Interview - AnalyticsQuestions are not difficult. Some relatively difficult ones include: What is name of new FED chair? In terms of equity and fixed income, which one is expensive in terms of investment offerings at blackrock. What is difference between defined contribution plan and defined benefit plan who are blac...
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INVESCO Asset Management - Interview - MacroI was asked a series of questions about the financial markets. I was asked to give my view on the financial markets and the United States economy as a whole. One question was how many rate hikes I thought the Federal Reserve would put in place this year and why the Fed wouldn't go with more or few...
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BlackRock - Review - Emerging MarketsPhenomenal team, fit is valued and stressed on during interviews and recruitment process so transitioning into the team is virtually seemless.. Large, somewhat bureaucratic. This can affect how nimble one's team is when facing issues and having to make decisions. ...
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BlackRock - Interview - InfrastructureI was asked to describe in detail, the investment landscape in South America. As my super day interviews were being conducted, it became public that BlackRock had acquired one of the largest Asset Managers in Mexico, Citi Banamex. My interview gradually gravitated towards describing the nature of th...
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BlackRock - Interview - OtherI was asked several questions regarding the firm's business. This involved describing the firm's involvement in major events in the markets. Additionally, I was asked to solve a number of brain teasers. I was asked to break down Grandi's sequence and describing my reasoning behind what I though was ...
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Allianz Asset Management - Interview - Asset ManagementWhat is CAPM? Of the three main valuation methods (DCF, public comparables and transaction comparables), rank them in terms of which gives you the highest price? Which one yields the highest valuation? Of the three main valuation methods (DCF, public comparables and transaction comparables), rank th...
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A good asset management softwareCan anyone suggest a good Asset Management software for SMEs? Visited SoftwareSuggest, Capterra but still confused!...
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Hall Capital Partners - Interview - Portfolio ManagementDefinitely what is the one thing that you disliked about your past internship experiences. I was sort of caught off guard by that, and rambled on and on. At the end, I was not able to pull back, and definitely sunk on that one. Other than that, they also asked about things listed on your resume, and...
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Help! Using <PRTU> setting up a Global Macro portfolio on BBG TerminalMy "club" at college is trying to use Portfolio Administration function set this up on the Bloomberg Terminal. Mainly struggling with 3 main things... Having issues 1) properly adjusting the preliminary settings tailored for a Global Macro portfolio specifically 2) tracking and maintaining the p...
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JPMorgan Chase - Review - Private BankingEasy work, relatively stable hours. Pay is good for this level of work/stress. Not much intellectual stimulation though.. Not much structure to teams. A lot of admin. Cannot understate this. Account opening, transferring cash, navigating the terrible internal software. Investment specialist as an as...
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Aberdeen Asset Management - Review - GeneralistGreat team, early responsibility, nice office, people were understanding and open. Easy to switch to other teams and learn more about their jobs.. Long hours, team not helpful, very stiff, bad communication, HR had awful communication. Asked for feedback and got results 4 weeks later....
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UBS Private Wealth Management - Interview - Private Wealth ManagementThe interview did not contain any difficult questions. They assessed their candidates strictly based on fit. The toughest question was "pitch me a stock". Questions consisted of: Tell me about yourself? What are your strengths and weaknesses? Tell me what you know about UBS? Do you know wha...
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Morgan Stanley - Interview - Private BankingWhat is one negative thing your former manager would say about you? How do you influence without authority? Tell me about a time a project did not go the way you expected or your analysis was incorrect. Describe your initial approach to the problem, response to the error, and ultimate outcome of ...
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Pacific Investment Management Company PIMCO - Interview - Sales- What is the current position of the Bank of Japan, and what are they doing to that will affect the United States economy. Also had a variation of this question for the European Central Bank. - The interviewer asked what highest performing market of 2017 was, not just looking for a broad answer ...
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Which offer to take BlackRock or Nisa?I am having trouble deciding between two offers. One would be returning to BlackRock, working in Aladdin Client Services. I did not really enjoy the work I was doing when I was there this summer, but I liked the people I worked with, it pays relatively well, and is in New York. The other offer is f...
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Dimensional Fund Advisors - Interview - Investment ResearchWhat are the pitfalls of linear regression? (unexpected) How would you handle time variance in data? Adjustments to the model? (unexpected) What would you ask a research team regarding a result they arrived at? (unexpected) Is the market efficient? Why or why not? (expected) What is the three-factor...
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JPMorgan Chase - Interview - Private BankingNothing crazy, during the case be sure to ask the question "What have you done?" first when it comes to talking with a client about their retirement planning. They want to see if you can build off that answer. Also be sure to know how J.P. Morgan's business model differs from other in PWM. This is...
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Dimensional Fund Advisors - Interview - Asset ManagementWhy you didn't follow the school provided resume template? Write me the SQL code on this paper to pull data for ABC fund with constraint of technology sector, and market capitalization that are less than 1bn dollars. What is the expression of linear regression? Please explain to me the what is in ...
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CIFC Asset Management - Interview - GeneralistMost difficult is a company in a restructuring process and how the company will react to an equity raise and how the financial metrics change. Also thinking about structuring investments with specific legal causes. Otherwise the interview was quite normal, thinking about value drivers for private in...
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BlackRock - Interview - MarketingI wasn't familiar with ML at that time. They asked things like: what's the difference between Clustering and Classification. After all they are just unsupervised learning and supervised learning. If you take a course in ML, that will be easy. Originally, I applied for quantitative research team / p...
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BlackRock - Interview - Public FinanceWhat makes BlackRock different? The way that the company approaches the human side of the industry is exceptional and extremely differentiates itself from its competitors and other major companies. It is a pioneer in areas of diversity and promotion of employees without taking into account any bias...
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BlackRock - Interview - Generalist1. Tell me who our competitors are and what their strategy is. 2. One of the interviewers told me to ask him questions throughout the 30 minutes and it was a little hard to see if I was asking the right questions. 3. Most questions were behavioral. They had a group component where you have to discu...
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JP Morgan Securities - Interview - Investments"Tell me a time when you were faced with a challenge" "Tell me a time when you utilized your technical skills" "Why this firm?" "Why not pursue [hobby] professionally and work here?" "Why [this city] since you are not from here? "What are the specifications of this position?" "Why this place and not...
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Bank of Nova Scotia - Review - Wealth ManagementGood introduction to the brokerage industry. Learn good communication skills, thinking on your feet and exposure to portfolio management.. It is grind to come in cold-call business owners and executives all day to try setup meetings and bring in business....
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CFA for Private BankingHello fellow monkeys, I am in business school at a school ranked in the +-50 range, and recently landed a Summer Associate spot at one of the most prestigious private banks. I took CFA level I in December 2016 after studying for approximately 100 hours (had a baby which disrupted study plans as yo...
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JP Morgan Securities - Interview - Asset ManagementPretty typical set of interview questions, largely centered around how good are you with math/technicals, how solid are you at excel, how interested are you in the equity markets and are you up to date with current events. Had to take an excel test that tested basic excel functions as well as data m...
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Bessemer Trust - Interview - Wealth ManagementThe most difficult question asked of me was about why what I would do if a client disagreed with my assessment of their firm. Ultimately, I think they wanted to make sure that you deferred to the client, as it is ultimately their money. Also, they wanted to know why I wanted to make the switch from ...
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Cambridge Associates - Interview - Investment ResearchGiven two case studies during my Investment Cases: An endowment has a given set of risk preferences, and you are given a bunch of funds/assets to recommend to the client. They give you a packet with a bunch of relevant information on each of the asset choices, return, risk, fees, etc. They tell y...
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Credit Suisse - Review - Private BankingGood culture and really supportive colleagues. Got welcomed really well and learned a lot about wealth management. Seniors had a great attitude towards interns and were interested in getting to know them. Pay was ok for an intern.. Despite learning new things, I feel that the responsibility that I g...
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Pacific Investment Management Company PIMCO - Interview - Asset ManagementOverall the interview questions were very predictable. First 5-10 minutes the interviewer asked some motivational questions: why pimco? why this division? what is your incentive to apply here? what is the difference between pimco and its main competitors? tell me about yourself? previous experience?...
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Anatomy of a front officeHey guys. I wanted to ask you something that may seem obvious to many, but it's a bit puzzling for me. Can someone explain to me the different roles at a HF, Pension Fund, etc in large markets (US, Europe)? In order not to seem like stupid, let me give you guys some background. I am currently a Por...
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Citigroup - Review - Private BankingWork Life balance is great, never had to work on weekends. Usually get out of office by 6pm. Dont have to travel.. Pay sucks. Very little pay increase, bonus is bad as well. Promotion system is not so clear, no clear guidance. ...
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Fidelity Investments - Interview - Fixed IncomeWhat do you think is the main problem facing fixed income now and how would you react to it. I mentioned geopolitical risks(how local ones have already transferred to global concern compared to one year ago) and uncertainty of the outcome of future rate-hike and overshoot inflation. But only introd...
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RBC Royal Bank of Canada - Review - Private Wealth ManagementGreat company to work for in my opinion. Everyone is very approachable and no one is mean. They do good job of finding people who are cultural fits. I can not think of any cons at the moment. I enjoyed every moment I worked there. Only con is I guess it would be nice to have breakfast and lunch ...
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Fidelity Investments - Interview - Asset ManagementMostly just your typical behaviourals like tell me about yourself, walk me through your resume, tell me about a time you showed leadership, etc. The interviewer was quite friendly and spent about 2-3 minutes relaying my answers for each question. Asked for a stock pitch as I expected and didnt ask a...
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Lateef Investment Management - Interview - Investment ManagementOne analyst asked me to pitch myself as if I were a stock, and also asked me what stock symbol I would be. I got shook up because the wording was weird and unexpected, when it was in reality just a what are your strengths question. Another one was about what my work ethic was like, this one from t...
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Does how close you apply relative to the application deadline affect your chances?Title is pretty self explanatory. I can't seem to get any interviews for AM or IB but I usually apply very close to the application deadline. Wondering if this could be a factor in me not getting any interviews??...
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JPMorgan Chase - Review - Private BankingThe grad scheme pay is good, including the benefits and the whole package Working environment not too intensive vs. IBD. Flat structure is nonsense. Loads of facetime, though they say they dont care. Too much office politics. ...
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Prudential - Interview - Risk ManagementIt was mostly behavioral questions just to get to know your background ie. tell me about yourself, why prudential, greatest strength/weakness, why you chose your major and university, who is your role model. They did ask about markets and industries you were following, but it's most tailored to your...
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JPMorgan Chase - Interview - Private BankingThere is nothing too difficult or unexpected, mostly behavioural & motivation questions. Just need to show your personality and be confident about what you said. *Estimate how many toothbrushes used in London every year *Something you are proud of? *Why this firm, why this programme *Tell me about ...
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Northwestern Mutual - Interview - InsuranceInterviewers read questions straight from a paper, overall pretty basic behavioral questions: 1.) Walk me through your resume. 2.) What do you know about our company? 3.) What classes are you taking at college and how can you apply what you learn to this internship? 4.) What does financial security ...
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Pimco Internal SalesHi can anybody shed some light on the Internal Sales position at PIMCO? ...
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Merrill Lynch Wealth Managment - Interview - Global MarketsThe most difficult or unexpected interview question was the following: "If you were given money, what would your investment strategy be?' It was unexpected given that the role dealt primarily with reporting rather than investment analysis. However, I believe that in order to excel in asset managemen...
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NMS Conference 2018/ ScottsdaleHey guys, Anyone going to the NMS this year? This is my first time attending as an LP and my goal is to meet as many LPs as possible, preferably more in the healthcare sphere (i.e., hospital systems). Any pro tips for acing the conference and maxing the networking window are much appreciated!! ...
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Pacific Investment Management Company PIMCO - Review - InvestmentsGreat experience and fantastic resources. Access to some amazing investors. Fantastic facilities. Some great coworkers. High stress and a lot of internal politics that play a big part on status despite contributions to the firm....
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JPMorgan Chase - Review - Operationsgot to see a large investment bank and experience the lifestyle in london. got to know some grwat people.. job was not what i hoped it to be. it was repetitive work that added less to my skill set than i thought it would....
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HELP! BB PWM vs Commodities Prop House for MF/HF PM trackThe BB PWM is a bit tricky... It's actually a MF fof rather than PB/PWM. Stock selection is outsourced to the likes of Blackrock/Fidelity, and I'll be likely to work in the internal CIO which does risk management, manager allocation and manager selection. The prop house is one of the best in its o...
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Bank of Nova Scotia - Interview - Mutual FundsMy interview was almost entirely fit and behavioral based. Certainly that was unexpected, as I expected technicals. Be prepared to provide real life examples of things you have done for each behavioral question. Although I expected almost all questions, the most difficult one for me to answer was in...
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Investment Consulting Pay after 3, 5, 10 years???Hello, I am new at the forum; just joined. I would like to ask if anyone knows the averages wages for investment consultants after 3, 5 and 10 years in the industry. In 5 months I will work for a Uk Investment consultancy (in top 5 in UK) and my starting salary is in the 35k pounds area. Have spoken...
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Regulation and Wealth & Asset Management What about thoughts on American vs Euro banks in wealth management post-Mifid? How the bonus structure will be re adjusted since all the private wealth managers commissions based revenue will most likely be forbidden? Thanks...
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Goldman Sachs - Review - GeneralistIt was a good summer and I enjoyed the level of work and quality of work I was given. Overall happpy.. Dinner choices were limited because we work so far downtown. Besides that I don't really have anything to complain about....
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