Silver BananaTopic
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Does BlackRock use hair testing for their interns?I recently got offered an internship at BlackRock as an analyst and I am afraid they will do a hair test. They already said they will be doing an FBI background check instead of the traditional one, so this makes me think they will dish out the cash for a hair test. I've smoked probably 4 or 5 times...
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PNC Superday Nov 16, 2017Hey! Has anyone heard back from the PNC superday that took place in Baltimore last week? November 16 and 17. Want to know if offers already went out since I thought they had a really quick turnaround. Does anyone know how they contact you? Thanks!...
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Company Interview: Dimensional Fund Advisors - Financial advisor servicesWhat sets Dimensional apart from other firms? How will an internship at Dimensional set you up for success and help you achieve your career goals? Why should we pick you over other candidates? What are some of your greatest strengths? What is your biggest weakness? What is your greatest accomplishme...
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Liquidity Stress Testing in Mutual Funds (liquidation of portfolio in X days)Hey folks, There's not much info I can find on this subject matter. While conducting stress testing of mutual funds, should you be looking at specific fund level or at aggregate funds that the company manages? Say there is Mutual Fund X and Mutual Fund Y under Company A. When looking at the % of e...
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Company Interview: BlackRock - AnalystTalk me through BlackRock's advances in technology, how is this part of the business growing? Tell me about a time you failed. Why BlackRock? Why the Seattle office? Tell me about a time you had to escalate an issue to upper management in a previous role. Talk me through your decision process in de...
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Asset Management Target SchoolsAccording to WSJ ([A List of Top Schools Feeding the Asset Management Industry](https://blogs.wsj.com/moneybeat/2014/05/27/a-list-of-top-schools-feeding-the-asset-management-industry/)), top schools for breaking into AM out of ugrad include: - HYPW - Chicago - Columbia - Stern - Berkeley - MIT - Dar...
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Deciding which offer to takeHI, I am deciding between two different offers for summer internship. One is from a not very well known global investment management firm with $300billion assets under management as an investment analyst in fixed income (which manages about $280 billion). The other one is in well known firm with $1 ...
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Best Books on Structured CreditWhat are the best books on the structured credit market? I know very little about this market and would love to a get ground up read about it...
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Quant Interview PrepHey guys, a buddy of mine is in the process of interviews post grad school and will be interviewing at places like DE Shaw, PIMCO, Citadel, MSIM, and so on, all on the quant side of AM (not IT). I gave him some generic advice based on my knowledge of the firms but I wanted to enlist the help of this...
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Thoughts on PGIM Fixed Income InternshipThe Investment Professional Internship Program at PGIM FI is designed to develop the firm's future Investment Professionals and prepare the next wave of Investment Management, Research and/or Product Management talent for PGIM Fixed Income. The Intern role is a 10 week assignment designed to anchor ...
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Books on US and European macro history past 100yLooking for a good summary on the state of the US and European economy and macroeconomy in the last 100 years. Something that lays out why inflation, rates, growth, equity/credit markets etc were what they were at points in time (chronologically). Can be any resource that lays out the key developmen...
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Company Review: PricewaterhouseCoopers - Satisfied1) Great exposure in terms of: a) Getting a lot of responsibility within first few years b) Interacting with clients and managing their expectations c) Working directly with partners in smaller offices 2) On job coaching which ensures personal development. 1) At times working hours are quite hectic ...
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Goldman IMD Superday- Hearing back/Positive or negative experience?I completed a superday yesterday for Goldman IMD (FT). I was given a schedule of interviews in the morning and was told by HR that "you may be asked to complete additional conversations in the afternoon" which I would assume means the people they like are asked to come back. I spoke with an analyst ...
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Company Interview: Payden and Rygel - Analyst - Grad ProgramThe most difficult interview questions asked was currency rates and understanding how to hedge options. I haven't taken a financial derivatives course in a while so I definitely should have reviewed some of the technical questions asked. The mental math test wasn't too difficult but you had to expla...
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How to move up to analsyt roleI recently just got accepted into an AM firm as a MF administrator. I did not do any intern during college but my GPA is high and I have a finance BBA. I also completed level 1 CFA. For more experience individuals out there, is it possible to move up to an analyst position from MF administrator role...
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Company Review: Charles Schwab - Charles Schwab Investment Management InternshipGood work life balance, great compensation for the level of work. Team was very knowledgeable and willing to answer any questions I had, even if they seemed naive.. No full-time offer, employees don't seem driven to excel. Quite a few employees seem to "drink the kool-aid" as far as company culture....
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Month 4 of being a PWM intern[POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED]...
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Company Review: The Vanguard Group - Flagship Trader- Pay (definitely was overpaid) - Benefits were amazing - Great starting spot if you want to focus on financial advice. - Large corporation that you can get lost in very easily - Passive investment strategies and not a lot of possibilities investment analyst positions...
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How to match client risk tolerance to portfolio performance charateristicsI am building a software system to help out a friend who manages private client money. I am researching how, once we capture the new clients risk tolerance we select a portfolio that has matching characteristics. This article - https://static.arnaudsylvain.fr/2017/03/The-Grable-and-Lytton-risk-toler...
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Fixed Income vs Equity Research Analyst CareerI’m an engineer pursuing an MBA at a top US university and have also completed CFA Level 3. I’m looking to break into investment management and trying to decide between Fixed Income (FI) and Equity research. Although this is not still set in stone, I would like to obtain a good clarity about pro...
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Goldman Superday IMI recently had a superday with Goldman IM SA and wanted to know how long it can take for them to get back?...
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Company Interview: Goldman Sachs - Private Wealth AnalystIn the phone interviews there really weren't any difficult questions. All of the questions so far were behavioral. For example, you have to know really well what you did on your resume, because they really want to see how your previous experience could possibly apply to a private banking job. I have...
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Company Review: Goldman Sachs - GSAM- Prestige, brand, exit opps - Intellectually satisfying, top tier quant work - Market leader in institutional investment space - Access to clients. - stressful high pressure environment - not a direct profit generator - advisory not decision making role...
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Series 7 & 66 Help PleaseWhat exactly can you do and not do with or without the Series 7 and 66? For example, can you speak with clients about performing administrative updates on their portfolios without either? Also, are you allowed to inform them of a broad overview of how their investments are performing without going i...
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Goldman Sachs IMD Super DayAnyone hear back from Goldman Sachs IMD after super day? I've yet to receive any notification in regards to the summer...
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Asset Management - Most Common Interview Questions?!?! Need Urgent HelpHey WSO, long time lurker of the forums and really appreciate all the information that this site has provided. Anyway, I recently received 2 interviews with 2 AM/IM firms in SF and I'm curious on what questions I might be asked? I had originally wanted to go into investment banking but did not secur...
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Merrill Lynch Wealth ManagementHey Everyone. I'm going for the Merrill Lynch Wealth Management Advisor Program 2nd Round Interview this Friday. Anyone have any insight into this as well as what a Wealth Manager Does? Any advice is appreciated. thanks....
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Has anyone heard back from JPMorgan Atlanta?Applied for Private Banking Internship at JPMorgan. I first had a video interview on Hirevue about a month ago. After that I asked to proceed in a phone interview with private banking department in Atlanta. It has now been +2 weeks and I am wondering if anyone has heard back and been told about supe...
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Aladdin Client ServicesRecently received Aladdin Client Services job offer. Does anyone know more about the job, hours, prestige, day-to-day, exit opps, etc?...
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Company Review: INVESCO Asset Management - InvescoGreat exposure to senior management. The interns get the same resources (FactSet/Bloomberg) as the full time people.. Little formal training. You really need to know what's going on before you get to the internship or you won't succeed....
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JP Morgan PWM Superday 11/3Has anyone who interviewed for the position on Friday heard back yet? If not, does anyone know how long that JPM takes to get back after superday? ...
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Company Interview: Citigroup - Summer AnalystWith whats going on in the markets what asset class would you invest in? If your client was 100% in one security how would you diversify them? What would you say to a client that wants 20% annual returns for 10 years? Tell me about a time you faced an ethical dilemma? What are the worlds top fi...
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Upcoming first round with BlackRock Internal Audit.Hey all, I study Sociology on the west coast and recently finished final rounds in NYC for HR at BlackRock but did not receive the offer unfortunately. However, they called me back the next day letting me know of another first round opportunity in SF for Internal Audit, if I would be interested. Th...
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Opinions on BlackRock PAG (Portfolio Analytics Group) nowThere's been some pretty controversial opinions about BlackRock's Portfolio Analytics Group (PAG) on this forum, but most posts are before 2013. How is the group's reputation now? And what are some of the exit opportunities?...
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Fidelity or Citi?Offers from Fidelity in Asset Management as a BA or Citi IB. Interested in impact investing. Wondering what people's thoughts are on what is a better offer....
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Company Review: Dimensional Fund Advisors - Dimensional Fund AdvisorsNice office, cafeteria. Smart people. Austin is a great city. Compensation is pretty good in terms of cost of living.. Work can be mundane. DFA is more of a passive manager so most people on WSO wouldn't fit in with the philosophy. ...
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Dimensional Fund Advisors Exit OpportunitiesSo I have an offer at DFA, and I was curious what the experience here is like. What are the exit opportunities like at dimensional? It is possible to move to a traditional active asset manager like a long-only or a hedge fund later down the line?...
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Company Interview: Putnam Investments - Global Distribution AsscociateWhy Sales, Why Putnam, Tell me if you think you are good at Sales, tell me about Putnam's competitive advantage in the global distribution business. Most of the questions were behavioral as the pitch was supposed to be slightly more technical. Most of the questions were generally based off the resum...
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Company Interview: Dimensional Fund Advisors - Data Analysis InternCan you describe our investment approach at Dimensional Fund Advisors. They invest based off the Fama French model. Somewhat recently added momentum as 4th factor. Strong believers in efficient market hypothesis. Idea has favored small cap stocks in the past. Eugene Fama and Kenneth French were th...
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CLO Asset ManagerWSO Primates, I am currently a VP at a small buy side bank located in NYC. We do some middle market lending and are a buy side firm in the broadly syndicated loan space (middle market and large corporates). I work on a small investment team, we select, underwrite, and manage the loans, sort of an a...
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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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Pimco Superday FT 2018 I had superday for the product analyst 2018 FT position last monday and still haven't heard back? It's been a week and the email during superday said that we should recieve an update (ie. offer or rejection) within 3 to 10 business days. What does this mean? I was under the assumption you hear withi...
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Transition from management consultancyHi fellow chimps, I'm currently in MBB and applying for the MBA next year. My long term goal is to transition to an Asset Management / hedge fund (join or found) and would like your view in these specific points: - Have you seen such cases? When should I do the move? I'm getting the sponsorship fo...
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Company Review: UBS Private Wealth Management - Good ExperienceI was able to be independent with my work and given a lot of responsibility. Learned many finance concepts .. Was slow at times. Many days reading the news with not much work to do, especially if my supervisor was out of town....
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UBS AM SuperdayHey guys, I have a super day coming up for the Asset Management team of UBS and was wondering if anyone had any experience interviewing there who could shed some light on the sort of questions they ask. I'm new to AM interviews and would love to get a better sense of what I'm expected to know outsid...
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Company Review: Goldman Sachs - High degree of responsibility, great work environmentBest things about working for the company is that they actively look for more ways to engage you and "show you off" to superiors through projects, assignments, etc.... The environment is at times tough, as in many finance jobs. Expectations are high, so when you inevitably make a mistake it is that ...
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Blackrock FMA vs InvestmentsHi all, I am a first year Economics ug from the LSE applying for spring weeks and I wanted to know what was more prestigious/better for a career at BlackRock : Financial Markets Advisory or Investments (Equities or Alternatives). I have to choose two of them for the SP programme and I am not sure. ...
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JP Morgan Private Banking Summer Analyst SuperdayDoes anyone know the typical time table for JP Morgan to make decisions regarding their Private Banking Summer Analyst Program? Anyone who participated in the most recent superday hear anything? ...
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Company Interview: AllianceBernstein - Proxy & ESG Research AssociateNone of the questions were very difficult or technical, see below: * Why do you want to work as an ESG Research Associate? * Talk about a current ESG issue that resonates with you. (discussed global warming) * Have you seen our proxy policy and what are your thoughts. (did not read over the p...
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Company Review: Morgan Stanley - Very SatisfiedTerrific. Learning environment. Professional designations are encouraged (CFA & CFP). Friendly people. . No sadness here. Growing firm with big upside. Recently bought out by a larger asset manager. good time....
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Company Interview: HSBC - Investment Summer Analyst1. What do you think of the market now? 2. If you are a newcomer in a group, one day your colleagues and boss are not in the company, but a client approaches you and wants to have a meeting with you, what will you do? 3. Give me an example that you show creativity. 4. Most difficult: after reading a...
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Ladenburg Thalmann InterviewI have a phone interview next week with Ladenburg. I was wondering if anyone else has had this phone interview with their Asset Management team. This is for a summer analyst position. What sort of questions should I expect?...
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Bitcoin bubbleI am doing a research on bitcoin, and wondering whether or not it is a bubble in the market. My question is how does one go about detecting a bubble in the bitcoin market? Which indicators are interesting to look at? How can this be tested?...
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Company Interview: DaVinci Financial & Insurance Associates - fixed income analyst 1. Talk about your schooling experience, what you did, why started a master degree after undergraduate instead looking for job? 2. What you did in you last internships; go projects by projects; which one you like most and which one you like the least; 3. why choosing fixed income as a career? why ch...
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Payden & Rygel Reputation?Anyone have any updated information on Payden & Rygel? How well are they regarded and does anyone know the exit opps or pay for this firm? I have only found very old info on them and the only thing out there are reviews from Glassdoor....
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Question regarding AM RolesHey 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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Manager Researchedit: cant figure out how to delete this. please do so for me. i am new here and im verry sorry about this...
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Company Interview: Russell Investments - FTSE Russell indexI think it was about details in index reconstitution. it is a very work-based question. people without studying their business will not understand. When I was in the interview, I passed cfa level 1 but still have no idea about index reconstitution. for example what is the free float, how to exclude ...
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Fixed Income Internship Preparation AdviceI accepted an offer for a fixed income, rotational program over the summer. I'm looking to hit the ground running once I start, so I would like to build up my knowledge of the asset class. What will be most helpful to read or watch? I'd like to receive an offer for a full-time position. ...
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Work Flow at BB vs MMCan anybody that works in AM/FA/PWM in any capacity speak to the work flow at the entry-level for these groups at smaller middle-market firms compared to larger bulge-bracket ones? Looking in a southern city (think Memphis, Atlanta, Charlotte). I know pay isn't the best down here but that's not why ...
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Company Review: Merrill Lynch Wealth Managment - Good opportunity if it's for you A lot of autonomy in the work you do, managers have a laissez faire type of approach. Everyone at the office was friendly.. Not a lot of exit opportunities outside of the firm. It's all about building your books and is a lifetime commitment ...
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Company Review: The Vanguard Group - CRA Vanguard Good people, relaxed vibe, quality of life, the mission is legit and the work is meaningful, if you believe in helping everyday investors it’s a company you can stand behind . Lack of industry expeience, customer service, low percentage of day to day duties are actually finance related. ...
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Abbott DowningAnyone know anything about Abbott Downing? Ultra high net worth arm of Wells Fargo. Dont know much about it but would love to know if any of you guys have any thoughts/experiences on Abbott Downin...
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Small firm Client Associate InterviewHello all, I recently got invited to go into a local Asset Management firm for a client service associate role. I was wondering what kind of questions I should be prepared for during the interview? Obviously I'm planning for the standard things but is there anything else I should get ready for? Tha...
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Internal WholesalerI was looking at a internal wholesaler position at Cap Group and was wondering if anyone had any experience in internal wholesale at Cap Group or another company like AB or BlackRock? From what I gather it involved pitching their funds to financial advisors and pwm firms. Is that right? Is it mostly...
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Brown Advisory?Does anyone have any input on Brown Advisory? I have an interview with them this week, and not really sure what to expect. What are their reputation and culture like, specifically with regards to their private equity group or energy investments?...
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AMA: Internal Wholesaler at a Mutual FundI work at a large MF in the Northeast as an internal wholesaler. For those of you who don't know what that is, it's basically inside sales. I make outbound dials to financial advisors to sell them our mutual funds among other things. I have over 4 years of work experience and am going for Level II o...
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Guggenheim Corporate CreditHey Guys, I just wanted to get a feel for the Guggenheim Corporate Credit division. What are the street’s thoughts on this division? What do hours look like and the culture of the group? Would one be able to move to a restructuring group or distressed hf from this division? Any other information ...
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Finance newbie here! What kind of comp am I looking at?This is my first post on this site, so hello! I am in talks with a firm about an associate level position and am wondering what kind of comp I should expect. I currently work in industry (engineering background, will soon have MBA) and am well-compensated. I am not sure what category of AM the firm...
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Private Wealth Management: Compensation and Culture[POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED] [POST HAS BEEN REMOVED]...
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Anyone in Private Wealth Management deal with well-known/famous clients? I interned for a PWM team that handled more than $1 billion in client assets in LA. During my time there, I recognized some names while looking at financial statements. I ran into some "youtube stars" there too (was stuck in a elevator with one). Being young and naive back then, I was pretty amaze...
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Company Review: JPMorgan Chase - JP Morgan PB Internship-Learn a ton -Culture supportive of helping you, everyone more senior willing to meet up for coffees and bestow advice -Never a boring day, extremely fast-paced. -Super long hours -No emphasis on work-life balance, you are bottom of todum pole aka you work the longest -Facetime culture for sure...
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Company Interview: Barclays Capital - Summer AnalystThe technical questions were mostly basic and about market awareness, like which trends I saw in the market. competency questions were really specific. I was asked to provide examples for every value of the Company, for example how I contribute to improving things, how I show my respect for ethics, ...
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Company Interview: BlackRock - BlackRock Spring intern"Why Blackrock differentiates as a firm" It was kind of disturbing because the first question was to introdcuce yourself and why Blackrock, so if you said your qualities linked to Blackrock values you will probably repeating yourself if you answer this questions by saying that Blackrock has very str...
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Technology Financial Model: Can someone send me one?Hey guys, I was wondering if some one could send me a technology related model just as reference for the purpose of learning. I have the grasp of the basic financial modeling concepts; I just want to see what a technology financial model looks like. I would really appreciate it!...
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Citi Sophomore Leadership Private Bank Superday Hi! I have a superday coming up next week for the Private Bank for Citi's Sophomore Leadership Program. Any insight as to what questions they may ask would be appreciated! Thanks :)...
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JP Morgan Private Bank Analyst SalariesWhat is the CURRENT salary for 1st, 2nd, and 3rd year analysts in the Private Bank at JP Morgan? Also, what was the range of bonuses for each of those classes last year? Thank you. ...
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Company Review: Goldman Sachs - GS SAI found the team to have an amazing winning attitude. Learning on your feet. Always something going on. . It is a very intense workplace environment. You either can handle it or you can’t. It didn’t feel like the type of environment where you can acclimate to the intensity. It’s feast or famin...
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Anyone hear back from 2017 BlackRock Wilmington DE Superday?I had a superday interview with BlackRock in Wilmington, DE on Oct 19. It's been almost three weeks but I haven't heard back. Does anyone have any experience with this? I am wondering if BlackRock would reject a candidate without noticing....

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