Silver BananaTopicReplies
BlackRock - Review - SalesBlackRock overall has great culture, they are technology focused and innovative. The old school douchebag culture does not exist here. . BlackRock is arrogant in that they can continue paying below market because of their name. They rush into certain business lines believing they’ll do well becaus...
Commonfund - Interview - Investment ManagementHyper specific questions with regard to analysis done in job prior to current role. They were fair questions but not something I would remember precisely (or would expect others to remember) off the top of my head given I had role over a year prior whereas, if asked with regard to current role I thi...
Dimensional Fund Advisors - Review - SalesGreat people, interesting work, and the team's culture places a high value on education. Also, an amazing office.. Regional Directors are very very and very concerned with their own work. They are often in a hurry and can struggle to give clear direction....
Oak Hill Advisors - Review - Investor RelationsReally liked the people and opportunities for mentorship. Always got to work on an aspect I wanted like a model or phone call. . Some wacky upper level folks work here. one of my bosses made me sing to him on the first day of work and to the rest of the team. ...
Morgan Stanley - Review - Wealth ManagementThe culture is great and everyone who works there truly wants to be there as well. The compensation is also very competitive.. The work life balance is not great, but not terrible. I also just didn't love the job itself so that made things not ideal....
JPMorgan Chase - Review - Private Wealth ManagementAtmosphere is low stress and laid back. Plenty of time off. Management seems to genuinely care about your career progression.. Back office role. Not a lot of responsibility, a lot of time trouble shooting problems for front office analysts....
Northern Trust - Review - InvestmentsQuality work-life balance. Great vacation policy and work-from-home flexibility. Interesting clients to work with.. Management within the Investment Risk and Analytical Services team is below average. There is high turnover on the team, and management does not take action to mitigate this. There are...
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Lazard Asset Management reputation?Have an offer for Lazard asset management for SA next year. What is the reputation like in the industry and how does it compare to the Big ones(likes of Fidelity/Blackrock/Vangaurd)?...
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Asset Management Sales - SA and Exit OptionsI have an offer for sales and marketing (not placed in a specific department as of yet retail/workplace/institutional) for a large AM in London, but I'm not very well versed on the AM industry in general and how a role in the distribution/client relationship side ranks alongside AM investments and a...
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AllianceBernstein - Interview - Fixed IncomeDescribe your favorite Macroeconomic Model Estimate the size of an Uber-like company in New York, Imagine uber does not exist Other than that nothing harder than average. There were a lot of questions about resume, and why you want to work in asset management. Interviewers did not seem interested in...
JPMorgan Chase - Review - Consumer - RetailThe pros of this job are mainly found in the flexibility and the referral source the branch provides. . The cons to this position are limited say in investment strategy as it is primarily a sales role. Integrating an advisor into a retail branch can also be difficult....
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Financial advisor fatherI have another forum about this but nobody seems to respond anymore so I decided to try a new post. I am trying to decide between working with my dad and his 250$ aum at a B.B. and trying to get into investment banking. Which would have more money and be more worthwhile?...
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Financials sector investingRecently been assigned the financials sector to look at for investment candidates (I work on the buy side, equities). Completely new sector for me, so having to learn the accounting, valuation methods and general industry dynamics. Appreciate it's a fairly broad sector but do you guys have any inve...
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Morgan Stanley - Review - Private BankingVery happy with the current role. The team is very supportive and always looking out for my best interest. I would highly recommend this position to anyone looking to enter the finance world. . You must get in with the right team that is willing to invest in you for the long term. Some teams turnove...
BlackRock - Review - FinanceCulture and hours are better than other banks, management cares about employees and will make sure their opinions are being heard. Technology, hardware, things moving too slow, need to wait for months to get new hires fully onboard...
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Sales Intern in AM looking to move to sell side I'm currently interning in sales at a boutique AM firm going into my final year of a target university in September. I'm really lost as to what to do next as the firm I'm at offers no grad scheme after. Should I try out the sell side and try for an internship in Ib? Would I struggle to get in? Or sh...
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John Hancock - Review - Technology, Media and Telecom (TMT)Decent compensation, location flexibility, work life balance, good benefits, convenient location in Boston. Strong CEO with forward looking vision.. Organizational change every summer recently. Slow pace and lots of red tape. Resistant to change and lack of diversity....
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FT RecruitingI'm seeing a lot for FT IB recruiting, but how does AM/WM recruiting work at places like GS/JPM/BlackRock? Is it more/less structured than IB, are the spots filled with almost entirely summer interns? ...
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Merrill Lynch Wealth Managment - Review - Private Wealth ManagementRelatively easy work-flow, downtime was available quite often and there were free refreshments available. . Very few other interns in my office. Seemed disorganized. Highly varying levels of difficulty in tasks assigned. Lack of guidance and hands-on training by seniors. ...
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Asset Management Hopeful - BB or Boutiques? Rising senior at a target school looking to apply into Asset Management. Not sure whether to pursue BB or Boutique, as I've heard that boutique will give a better experience. In addition, I am looking to figure out what Boutiques I should be focusing on in today's industry. ...
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UBS Financial Services - Review - Private Wealth ManagementThe company provides a plethora of resources that any intern can use for learning. The work environment is very collaborative, and friendly.. As an intern, I was fairly limited by the number of unique assignments I was given, most of the job included making quarterly review books, and helping in oth...
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Vanguard Explore Day No Info?I got invited to the Vanguard Explore Day that is supposed to take place on this Monday. However I have had some communication issues and for whatever reason I was never sent the day of information on where to go, the itinerary, etc. Is anyone else here attending? If you can PM me the details it ...
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Dimensional Fund Advisors - Review - Investment ManagementI found that the firm had very nice people to work with and an excellent office with free coffee. The program was well structured and staff were encouraging and keen to improve you. The program didn't have enough tasks built in, much too long was spent on understanding the philosophy of the firm, no...
Voya Investment Management - Review - Quantitative ResearchFairly well structured and timely process for interview. Turnaround in terms of hearing back has been very quick so far.. The format of the interview was a little bit strange... there were four back to back phone call interviews scheduled prior to the super day...
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Asset Management exit options vs Investment BankingFrom where I am sitting (admittedly in a very inexperienced chair) IBD exit options seem quite clear: PE and/or Hedge Funds. The latter option, especially, looks like a shift to the buy-side. Given that AM pros are already on the buy-side, are AM exit options similar? and if so, would an asset manag...
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Pacific Life Insurance Company - Review - Asset ManagementThe company had a great culture, good benefits and decent work life balance. A lot of smart and intelligent people who are committed to the company's goals and objectives.. The geographic and time zone difference between different offices can be a little frustrating at times to set up meetings, but ...
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Dimensional Fund Advisor (London)Has anyone interviewed for the Portfolio Management Analyst role? What kind of questions they ask in the second round?...
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Career in Public Equities and FutureI am very passionate about investing in public equities and I wanted to start my career is an asset management firm as a research analyst or equivalent for equities. However, as I do more research, it looks like the industry is shrinking as people are becoming more passive. Is it a bad idea to start...
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Investment Management After Top MBA - Does Pre-MBA Experience Matter?Hello everyone, I'm a couple years into my career in corporate finance at an F100. I have my sights set on an M7 MBA later on, and I am interested in pursuing investment management in equities afterwards. I know that top MBA programs do have recruitment for funds like PIMCO, Fidelity, Wellington, ...
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fund manager Rude AFSo I’m interning for this small investment team that handles large capitals of a high net worth family. Everyone on the team was either in investment banking, private equity, or hedge fund of big names for years. I am the first intern and the only one. Long story short, I really appreciate my man...
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Goldman Sachs - Review - GeneralistDecent work life balance in good times. Intense culture high level of emphasis put on attention to detail. . Tricky to take vacation. Intense culture. Your experience can largely be dependent on manager. That’s always true. ...
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Investment Associate Interview Process at IFCHello fellows, Could you please let me know what to expect in an Investment Associate - financial modelling and case study interview with IFC? Regards!...
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Investment Analyst at PWMHi came across this investment analyst job at a BB. Jobscope involves managing HNW assets (picking specific stock picks, allocation into funds, bond instrument). Seems like a mini PM job to me, albeit on a lower aum. Is this job useful to exit to asset management / hedge fund? Thanks!...
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Pacific Investment Management Company PIMCO - Interview - Portfolio ManagementThere were a lot of technical questions - they expect you to know fixed income math even if you're coming in straight from college. Explain the causes for yield curve movements, how do you hedge duration, what is convexity, what markets are doing better/worse, as well as a number of behavioral quest...
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Does BlackRock request official transcript?I am a rising senior, and i was wondering if i get an offer from BlackRock, i will have to provide official transcript when i graduate as a part of a background check ...
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Morgan Stanley Smith Barney - Review - GeneralistGood team. Everyone willing to help the intern. Never had to stay late. Generally had free range so no complaints.. Poor pay pay and poor location are the only things one could really complain about. Everything else was stellar. ...
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Business Development Analyst at AQR or Guggenheim InvestmentsI'm torn between the two roles. BD at AQR or Guggenheim Investments? Both similar salaries and the regions focused on are similar. Hours at one a lot worse. Thoughts?...
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Gamco vs other value shops - culture / comp / qualityThere are a number of quality value shops in the equities space out there. How does Gamco compare with the usual suspects in terms of culture / comp / exit options? Appreciate any 1st hand insight. Thanks...
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BlackRock - Review - TradingCollaborative Culture, Opportunities for Career Progression, Opportunities to work on high-visibility projects. Poor compensation practices - not really a pay for performance firm, Very difficult to get promoted....
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Is an insurance company an asset manager?I'm offered to become a CFO of a tiny P/C insurance company and wondering whether I'm sure about philosophy of this business. Company market themselves as a professional service provider, wiki says it's a financial service, and I think it's an asset manager. Do you have a better definition? (I have ...
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JSB Partners - Interview - ResearchThe question were easy behavioural questions. Asked me to go through my resume. Tell them about my self. Talk about leadership experiences. Why I want to work in the department. Tailored my answers in a way so as to seem like the best fit for the organization. At this level, they are usually looking...
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BlackRock background check?Nothing to hide but am curious to know about the BlackRock background check-I have heard it's extremely complicated. Particularly in light of recent legal change that makes it illegal to inquire about salary history. I wanted to incorporate my annual raise into my salary negotations for the role and...
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Goldman Sachs - Review - Investment ManagementI mainly enjoyed working with smart people, everyone is collaborative and willing to help. The building is also nice. Internal mobility was more difficult than I expected, even if you are trying to move within divisions. Upward feedback is not tolerated, very much a yes man culture...
Goldman Sachs - Interview - Private Wealth ManagementName three macro trends in the market right now that are most relevant to private wealth clients? What is the current trend regarding active and passive investing? What is the inflation rate, FFR rate, S&P 500, DOW, NASDAQ at? If I give you $10,000,000, how would you construct a portfolio? Why Go...
Allianz Global Investors - Review - Asset ManagementWith talent people and diverse working environment; Competitive compensation for full time position;. Location is not in the financial center; the network is weak compared to other companies located in the financial center....
JP Morgan Securities - Interview - Private BankingWhy was I interested in becoming a private banker? Why JP Morgan in particular? What my current outlook of the market is and what would I counsel a client to do? What was the last book I read? How would I approach building a book of business? How do my past experiences apply to it? Wha...
Brookfield Asset Management - Review - Real EstateTeam is very nice and open, head is very well connected in local markets. Awesome working location and office view. Solid deal flow and leadership support. A lot of hierachs within company, inefficient in terms of pushing through a deal. Committtee is interested in Asia but not very convicted...
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Morgan Stanley FAA Program (NYC)I recently applied for the FAA program at Morgan Stanley in one of their NYC offices. The process is as such. First apply, take general reasoning test, do the 'day in the life at MS' virtual exercise, 15 phone screening, conduct Hirevue digital interview, and then complete the business plan templa...
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UBS Financial Services - Review - Wealth ManagementReally liked the group of people I was around. Learned a bit about portfolio management. The FA I worked under really tried to teach me a lot about the industry.. Internship was very disorganized. Lots of marketing and sales stuff too. I folded papers the entire time and stuffed them into envelops. ...
BlackRock - Review - OperationsExposed to senior management and given a lot of responsibility for an intern. Nice working hours also.. Extremely slow periods where I had nothing to do. Firm was great about not requiring face time but I'm not just going to leave work at noon....
Ameriprise Financial - Interview - N/APrimarily behavioral questions The most difficult question I ran into, because I was not prepared, was tell me about a time you took control of a situation at work in opposition to your colleagues. Another question that could be perceived as difficult was tell me what you know about our company i...
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Career path - Direct Lending Hi, I’ve been reading WSO since I was in college and now I’m 4 years into my career and would like to bounce some ideas off of the community around career path, and get any perspective I can from those of you that work on the credit side of things. To give some background: I work in the special...
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Modeling in AM vs IB?Hi friends, Is there any difference in Excel modeling between AM and IB? My guess would be that AM is more towards the 3-statements model and DCF and comparables while IB builds M&A models, LBO, etc... What are your thoughts? Plus, I've been seeing in the forum the modeling training packages from...
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UBS AG - Interview - Asset ManagementIn the first out of the three two-on-one interviews, I was asked, “How would you explain a hedge fund to your grandmother?” The question somewhat threw me off, as I was basically asked to explain what a hedge fund is to someone who knows nothing about finance. I said something along the lines ...
Northwestern Mutual - Review - Wealth ManagementRelaxed, Easy Work, good pay for advisors, can get series licensed, can get additional education (CFP). Staff are second class, poor pay, poor benefits, menial work, poor technology, insurance focused, advisors can be lazy...
Fidelity Investments - Review - Operations* Generally inclusive teams looking for you to improve and helping with processes. * Support towards qualifications. * Projects generally managed well. . Considering we are based in the UK, there is a strong American culture. Not surprising for Fidelity. A very top heavy structure....
UBS Financial Services - Review - Wealth ManagementEasy work, easy hours. Fun people and not to demanding. Could take off as much work as you wanted to. Cold calling, cold calling, cold calling. That is all we did was cold calling and some random office work....
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Career Advice to Start a Family OfficeI want to set up and run a Family Office/Multi-Family in 3-5 years to look after the investments side of my family business. Currently all the investments are managed by private bankers and by family members with zero finance experience on an ad-hoc basis (no investment professionals in the firm). E...
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The Vanguard Group - Review - Investment ManagementCulture, Work/life balance, Career development, Definitely want to help you find what you're interested in. On the slower side, location, slightly lower pay than average in the industry, So big that can feel bureaucratic (15,000+ employees)...
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Is it wise to enter into AM in 2018?Currently, it's no secret that active management is shrinking and places like Fidelity are laying off a lot of their staff which is why I'm wondering: Would it be a wise decision for a college student to pursue working at an IM firm like Fidelity, Blackrock, PIMCO, Wellington or any of the other to...
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The Vanguard Group - Review - InvestmentsExcellent company with strong work/life balance. Organization is very flat, and collaboration is encouraged between employees at all levels of tenure.. Less hours may translate to fewer learning and growth opportunities. The location (suburban Philadelphia) can also be seen as a negative by some peo...
Moody's Analytics Knowledge Services - Review - Portfolio Managementgood work-life balance. Culture is collaborative. Don't have to stay late. good working building and environment.. salary is not ideally. Not fast -pased work style. The bonus is not ideally. The style of training is not perfect. ...

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