Silver BananaTopicReplies
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Goldman Sachs Referral and Application ProcessSo on 1/3 I submitted an application for a role at GS. Yesterday, I received an update on the app that I am "currently not being considered" for the role. The interesting thing about it all is that I still have the option to withdraw my application from the process. If I was denied completely-- woul...
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Ways to pass the Series 7I Passed my Series 7 yesterday and I thought it would be helpful to share my experience in efforts to shed light on this exam. I'll cut to the chase, its a BEAR no pun intended. However, Its not impossible. I have a masters degree, got excellent grades in school, but never did well in standardized ...
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T. Rowe Price - Interview - Fixed Incomewith a given csv file, I was asked to read the csv file to R. Then change the format of the time variables to a specific format. Then using the data sets, write several functions to analysis the time series data. For instance, you will be asked to calculate the rolling averages of all non-time va...
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The Vanguard Group - Review - Investment ResearchVery laid back open culture. There is a very strong team in place to make sure you succeed as a summer intern.. Very few negatives. Long term, I do not get the feeling that they pay their high-level people street average....
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Bank of America Merrill Lynch - Interview - Private Wealth ManagementNothing was too hard. Really just asked about My resume and some simple behavioral stuff. Example: What’s a time in your life where you struggled in a group setting? Go through your resume with me. What do you know about the wealth management industry? It was only a twenty minute interview so...
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NEW TRADE PROGRAMHello, We are pleased to offer you the most secure Private Placement Program you will ever see: AMOUNT: $100M to $5B LTV: 80% PROFITS OF THE PROGRAM: 1- Advance 5% the face value received, paid in 72 Hours after Swift receipt / verification. 2- Bullet Trade Program for 10 Days, with 200 % Prof...
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Morgan Stanley - Review - Investment ManagementCEO and company culture is forward thinking and growth-minded. Future of company is bright and opportunities for firm-wide growth are endless.. Long hours. Slow growth and pay trajectory. Political hierarchies and resistance to change at a BU level oppose the Firm's forward-thinking mindset....
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Morgan Stanley - Review - Equitiesis one of the growing financial services that provides a lot of oppurtunity to grow . And over the summer I got the oppurtunity talk to brandon couillard and from and learn more culture and the firm. They gave me a very good perspective about the execptional training program you receive once you jo...
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BlackRock - Review - OperationsThe benefit package is very good and my interview experience was good. Management is very helpful and training is good.. I do not dislike anything working at BlackRock, I have learned a lot since starting and enjoy the work I do....
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BlackRock Aladdin Client Services SF Superday Hi, I had a BlackRock Aladdin Client Servies superday in SF last Wednesday (9/6) and still haven't heard back. It hasn't been a week yet but I was wondering what I should do. Email and follow up with the recruiter or just keep waiting?...
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Citigroup - Review - Private BankingInteresting work with a growing industry. Teamwork oriented environment. Firm focus on equal pay and opportunities. . Poor management allows for mediocre talent to persist. Compensation environment challenging despite growing industry. ...
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Bank of America Merrill Lynch - Review - GeneralistHappy with the ability to grow as an advisor and given resources to help with this. Was also helpful in getting paired with teams to help development of my career. Is difficult to grow a book in this environment. While Merrill helps grow your career, they are also hurting advisors in comp ...
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Goldman Sachs IMD - Private Wealth Markets coverage InterviewI have an interview coming up with Goldman Sachs Private Wealth Management Markets Coverage group for an analyst position. What questions can I expect? How would you prepare for the interview?...
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CV after 1st jobI have been working as an Equity Analyst for an asset management firm for a year now, looking to explore new opportunities in the market. How should I format my CV? Anyone has templates to share?...
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Performance measurement questionA family member of mine runs a small portfolio “fund” with 15 stocks which he has been holding for a few years now (a few additions/subtractions but largely unchanged. He has published some performance numbers for marketing to friends and family; and has asked me to just check his numbers for ac...
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BNY Mellon - Review - RiskWork-life balance was amazing - firm culture was very much relaxed. People very friendly and manager interaction was great (though this is purely luck).. Hiring process very disorganised due to structure of BNY and its asset management boutiques, which most often do not have their own HR department....
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Goldman Sachs Fixed Income Group (GSAM) vs Market Solutions GroupWhich group do you think is better entering as a FT analyst? Both seem like good groups with many exit ops....
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Deutsche Bank - Review - Private BankingGreat environment, encouraging team and extremely helpful senior management. A fit for me - somewhere I would like to stay.. For extremely eager individuals, pace may be slightly slower than ideal - learning curve is therefore not as steep as IB....
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Gift for Boss?Hi everyone, In the next month I will be concluding my internship at a boutique AM. I worked closely with the CEO of the firm and developed a good relationship with him, and I'd like to get him a gift. I'll definitely be getting him a hand-written card. But what else? Many people have mentioned gif...
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BlackRock - Interview - Risk ManagementThe interviewer didn't even ask me to introduce myself but asked me if I knew any big projects the team was currently working on. He also asked many technical questions such as what do you know about Aladdin, what packages do you use in Python, tell me about a most complex financial concept and expl...
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Profitable model - what deal is possible with existing portfolio managers?Let’s say I have a model which did 40.11% CAGR with max draw 10.70% since 2010 in static portfolio of 24 markets, annualized Sharpe is 1.47 and positive skew is 0.95. I have 4 months of live results for now, but I am planning to have at least 1 year. I would like to manage larger capital for a f...
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JPMorgan Chase - Interview - Private Banking"If I were to place a goldfish in the middle of the room and it doubled in size every second, how long would it take to fill up the entire room" "Explain how a bank makes money to us as if we were toddlers" "Discuss a current event in the market" "What are all the functions of the Private bank" Basi...
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State Street Corporation - Review - N/AExposure to upper management. Collegial environment. Experience one of the top asset managers in the world. . Large amount of entrenched entitlement. Company has a lot of outdated processes and people but hesitates to make changes. Seemingly low hanging fruit gets missed constantly. At times feels l...
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Temasek - Review - Asset ManagementVery flexible and friendly, alot of mentors and people are willing to put in the time to teach you. Available resources for development are widely available.. The internship is not very structured or well organized. You have to proactively look and ask for work to make the best of your time. Pay isn...
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Dimensional Fund Advisors - Review - N/AGreat company, culture, work life balance. Excellent opportunity to learn about asset management and investor relations. . Work can be repetitive and mundane at times. Overall not much negative quite a great place to work. ...
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greater l.a. opportunities for entry levelReally looking for some perspectives on the greater l.a.'s entry level or interns of Equity Research or related field. Compared with the big apple, what l.a. can offer is a) a lot less b)slightly less?? My career path has been delayed due to my immigration status but now i have some confidence to ta...
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From Credit Suisse Private Banking to Asset ManagementHello Everyone, I was originally interested in Credit Suisse's Asset management division but got offered an entry level position (internship for three months and then job offer if it goes well) in their Private Banking one. I wanted to know if there is a way to start in PB and to then transfer withi...
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BlackRock Internal RecruitingI was wondering whether anyone knows if it is possible, or the difficulty of getting an analyst position in asset management through internal job postings at BlackRock. I understand they have a feeder system for analyst positions, but is it possible if you are in a related or high touch group to the...
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Wetherby Asset Management - Interview - OperationsWhy do you want to work for this company given your credentials? Why do you want to pursue a back office role? How does this role align with your long-term goals? How would you range the following as per your preference: Money, Team, work, work-life balance, and company? What did you do as a researc...
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BlackRock - Interview - Fixed IncomeWhat do you think of the current financial situation in China? What motivates you? What do you know about fixed income? What are the advantages and disadvantages to fixed income products? Give an example of when a team exercise wasn't going well and what you did about it. They also built off a lot o...
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HSBC - Review - FinanceEasy, back office role. No stress except during month end and year end. Asia is the growth and HSBC HK is at the centre of it.. Mediocre colleagues who leverage brand name rather than capabilities. Attempting a digital transformation but keep hiring incapable people to lead initiatives which reflect...
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Places Still RecruitingI am looking for an internship for summer 2018. Hopefully in a fixed income, risk, investment research etc role. Any recommendations on places still recruiting?...
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JPMorgan Chase - Review - Private BankingWorked 3 years at JPM in the Private Banking division. Great pay for the hours worked. Worked 50-70 hours a week. Great benefits and a very clear upward structure.. 3 year analyst program with a very structured promotion process. The job is more financially rewarding relative to other industries at ...
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Career advice for PWM in IndiaHi everyone, I've recently joined one of the biggest wealth management firms in India as a relationship manager(private sector bank) and was hoping if any of the more senior folks at wso would have some advice for new joinees in this world. A bit of background about myself, I've just passed out of a...
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Putnam Investments - Interview - Investment ResearchWhat was a time when you led a project that did not go well? Generally the questions were more focused on the stock pitch and why investment management. The final round is a group interview with the heads of each investment division so can be intimidating. Just keep your cool and explain why Putnam ...
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UBS AG - Review - Asset ManagementThe team really cares about my interest in the firm and interest in the work I am doing. Even upper level management check in to make sure I am learning along the way. The environment is collaborative.. Steep learning curve in picking up the team's investment process. Sometimes difficult to balance ...
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Difference between various positions in portfolio managementHi all, Could someone explain to me what is the difference between Associate Portfolio Manager, Financial Analyst in Portfolio Management, and Junior Quantitative Portfolio Strategist? I saw these roles being offered at a top MFE program. I thought at the entry level you could only get a job as a ...
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AMA: Emerging markets investment analystIn the spirit of the holidays, I thought I would host a AMA for anybody interested in the life of a buy side analyst that works on an emerging markets fund. I also occasionally contribute ideas to our international developed market funds, but I do not work on any U.S. companies. Brief background: ...
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Fork in the Road: Getting to Research on the Buy SideHi Guys, I'm at somewhat of a crossroads here. I recently graduated from a non-target, and took CFA L1 in December (still waiting to hear). Anyway, I'm working at a firm doing consulting/outsourced research for hedge funds (it's primarily qualitative due diligence work). I've networked my way into ...
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Investment Management Goldman Sachs vs Big 4 ConsultingAlright I am probably going to get a ton of heat for this post but I am really torn as to what I want to pursue. Currently I have received offers to do an investment management summer internship with Goldman Sachs as well as Management Consulting with PwC. I suspect that the investment management of...
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What roles can I get with a CFAHello, I have interests in Asset Management and have been thinking about pursuing a CFA designation. I have researched the types of roles CFA's typically have i.e research analysts, Buy-sell/side etc.. yet I would appreciate if a CFA holder would provide some perspective on how the CFA has suppleme...
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The Vanguard Group - Review - Investment ManagementGreat benefits, great exposure to the financial industry and development of client relationship management skills. Constant calls, small amount of time to step away from calls and regather yourself, food options are expensive (but good)...
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T. Rowe Price - Interview - GeneralistFirst round was somewhat surprising - video interview asking what you would do if given a free weekend to do whatever you would like to. All fairly straightforward. Know CV and experiences, Know why the company, why asset management, be able to speak about previous experiences in teams and as a lea...
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Job title of credit analyst in an asset management firmi have an internship in an asset management firm that has a fund that invest in bonds (high yield). the manager told me i will be a "credit analyst" : working on financial modelling and analyzing issuers of bonds, giving opinions on to buy/sell/hold, updating news, doing bonds valuation etc.... But ...
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UBS GTP ASSET MANAGEMENT REPUTATION/SALARYHi guys, Wanted to know if there was any info on the reputation of UBS' AM arm? I understand its gotten a lot of heat for its IBD (which seems to be the most popular topic of discussion on this forum), but what about its AM? As for the Graduate Trainee Program, any thoughts? Salary/Bonus? Any in...
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RBC Royal Bank of Canada - Review - Wealth ManagementGood work life balance and Good company to work for. Friendly culture, collaborative and not toxic. . Pay could be higher. The ability to move across geographies as part of the program can sometimes be troublesome....
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Neuberger Berman - Review - Quantitative ResearchCollaborative. Good work life balance. Good benefit. Smart and experienced colleague to work with and willing to share.. Limit on upside. Less impressive in terms of innovation and new R&D. Outdated infrastructure and platform support....
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J.P. Morgan Global Wealth Management Summer Analyst Program Phone Interview?So I have a phone interview coming up with two guys from JPM Wealth Management and was hoping someone here has gone through the process before. I'm expecting mostly behavioral but what kinds of questions should I expect?...
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Fork in the road: Career path in Asset ManagementIn 2018 I have to make a pretty serious decision, which will determine the direction of my career. Currently, I have three real possibilities: 1. Consultant Relations for a mutual fund. 2. Institutional Equity Sales 3. Inheriting a decent sized book in wealth management at a BB I work at the BB ...
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Morgan Stanley wealth management analystHello everyone, longtime lurker recently starting posting. I have an interview coming up in a month or so for the position of a summer wealth management analyst intern with Morgan Stanley. I interned last summer with them at a different office doing private wealth management, which i learned a litt...
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Goldman Sachs - Review - Private Wealth ManagementRelaxed Assessment Centre Only one brainteaser Did not feel grilled-one quant interviewer, other interviewers were EDs in client facing roles 3x Min back to back interviews. Two weeks to get feedback, this was frustrating. All other aspects were enjoyable and as relaxed as an assessment centre can ...
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2018 JP Morgan Wealth Management Sophomore CohortHey all, I just heard that I have a superday for the JP sophomore wealth management program next Friday. I have a couple of different questions for you all. Any tips for getting ready for this interview/anyone gone through it already? and Has anyone gone through the internship in the past/what...
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Raymond James Financial Inc. - Review - OperationsSmaller firm. Down to earth employees and management. Easy to network/grow internally. With a simple email you can set up a 15-30 minute meeting with most big shots excluding the C-Series. Tom James still walks around and socializes with anyone and everyone. . Pay is quite low for the industry. The ...
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AM roles that have good work life balanceHi, I am pursuing a career in AM i.e CFA designation etc. but am not a fan of working 60+ hours a week. What roles give a good work life balance?...
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Any opinions on PNC Asset Management Group?[Link](https://www.pnc.com/en/about-pnc/careers/students/development-programs/amg-dev-prog.html) Here is a link to the details on the program. Has anyone heard anything about this program and if it is a good opportunity to take to enter the Asset Management field? Any info about hours, comp, culture...
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Goldman Sachs IMD - Private Wealth Markets coverageHi guys, does anyone know what the Investment Management Private Wealth Markets coverage group does at Goldman and what do you think of it? Thank you!!...
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Goldman Sachs Hirevue IMDHey guys, was just wondering if anyone else got a hirevue interview invite for IMD and if they could share their experience. Also, some people are saying that the hirevue invitations were a mistake. Any thoughts?...
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Graduate programs to develop quantitative background in preparation for PhD in Finance?Hi! I have a B.A. background in finance and economics. Looking to enter a PhD program for Finance but most reputable programs require a strong quant background. The extent of my math background is Calc I and Econometrics, earning high marks in both courses. At the time, I was more interested in lear...
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Seeking advice - phd from risk to AMHi everyone, I am a newbie to this forum. I got my phd (corporate finance) three years ago and currently am working for a big4 advisory service assisting banks on model validation/development based on regulatory requirement (e.g. CCAR, Basel). After three years I already lost interest on my curren...
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Dimensional Fund Advisors - Review - Investment ManagementGreat culture, easy work hours, great vacation and benefits, low stress environment and nice, intelligent people. Low career growth, opaque comp and promotion structure, no access to senior management, boring office life...
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BlackRock PAG 2017 SuperdayStarting a thread for the 2017 PAG super day in NYC. Has anyone heard back from the 11/7 11/8 superdays yet? Know that there were a couple ones in October as well, did anyone hear back with offers or rejections? HR told us the decisions should come out within a week or two....
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What exactly is this job? Does it lead to portfolio management?Hi, I have been exploring roles in the buy side. I kind of wanted to know what the following role is about... This is not a typical equity research nor is it typical FI research, so what exactly is this role about? I am curious because it actually seems interesting and up my alley but I don't know i...
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Seeking Advice - Middle Office next stepHello, I am seeking some advice on my next step. I am a "Portfolio Analyst" on structured products in MO at a very well known asset manager. The work is focused on reporting, making sure hypothetical trades are within compliance, helping answer non-glamourous investor inquiries - in essence not ver...
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Asset Management Los AngelesI'm working for a boutique investment management shop and I want to relocate to a firm in LA in the near future. I have some questions for those of you that work in IM in the LA area. Which firm do you work for? When does hiring pick up? I imagine that this might be based on when bonuses are paid ...
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Rabobank Group - Review - Mutual FundsChill work. Travel to big fund companies. Networking with other firms. The firm has several with CFA Charterholders who offered me advice.. Low pay. Repetitive. Eventually it just becomes the same thing...about nine months into the job it begins to get dull...
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