Silver BananaTopicReplies
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Canada Comp?Hey everyone I just have a really short question to ask. What are the comp ranges like in AM in Canada at the Big 5s? Thanks...
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Holiday allowance in the USSlightly unusual question given the high flier forum this is however there is more to life than the office. Equity analyst in the UK and I get 33 days leave + an additional 5 I can purchase (no national holidays though) - pretty sweet. I also have an US passport and have been thinking about moving ...
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JPMorgan Chase - Review - Asset ManagementThe pay is well above average You may meet good people with whom maintain contact for life Extremely well regarded company. Looks very good on cv. Hours can be long for no practical reasons Small office, so no room for advancement unless you move overseas...
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PIMCO Portfolio Analyst Exit OpsI recently received an offer for PIMCO's portfolio analyst internship position. I'm wondering if there are good exit opportunities/hedge fund opportunities further down the road for this, or should I break into BB IB?...
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Blueshift AM interviewMy first question is whether Blueshift is even real. I've had multiple interviews with them (I'm speaking with the COO/CFO tomorrow), but there is shockingly little about them online. That includes their website (Blueshift.am). Searches for "Blueshift" on WSO returned no results. My real question: i...
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A move from mutual fund PM to private bank PMI'm working for an established local mutual fund in Asia as a portfolio manager investing directly in equities. I was recently approached by a global private bank in my country for a portfolio manger role. I would like to know what is the main difference between a PM at a mutual fund and a PM at a p...
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Recruiting At Top Mutual Funds (Cap Group, etc)Hey guys, After joining DFA (500+ billion AUM), I’m curious about possible exit opportunities for someone interested in remaining in mutual funds with the eventual goal of becoming a PM. My current role was received through OCR and is a mixture of research using Python/SQL and more mundane day to...
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The Vanguard Group - Interview - Consumer - RetailDuring the on site one on one interviews, there was a case study. We each had 15min to read a case and take notes, then a follow up case was presented and we had 5 min to read that one. Immediately afterwards, a role play with the interviewer. It was a little overwhelming because there was a lot of ...
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Private Banking Credit AnalystHi everyone, Thank you in advance for your perspective. I am a senior at a non-target with an full-time offer to work for a BB universal bank (a BAML/CITI/JPM) in the asset management/private banking division as a credit analyst. As far as I understand, this role is similar to a commercial/corporat...
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Pinebridge Investment - Client Associate PositionJust wanted to see if anyone has any views on Pinebridge Investments? They have about $84b in AUM and about half of that is in institutional assets. Their AUM is broken roughly by: $51b in fixed income, $21b equities, $9b alts and $12 in multi-asset. I have an information call with a contact of mi...
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AIG - Review - Investment ManagementI was at AIG as an intern, doing financial modeling for the actuarial science department. The hours were relatively fine and team was lean.. Didn't necessarily liked using Python for modeling. Actuarial science was not the most exciting department to be in....
Nomura Holdings - Review - GeneralistWork life balance, there is less pressure than other firms, unlikely to lose job unless perform very badly. Nice offices. Harder to progress and growth is constrained. Pace can be a bit slow at times / lack of urgency also...
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Too late to get a new job post graduation? I work in AM for a large BB. I am an intern and have worked there since January 2017, so a year plus. I did not go through the normal hiring process since they needed some interns in January and then they just kept me on throughout the year. PT during school, FT during summer and breaks. My boss c...
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Full time BB AM recruitingCurrently a junior interning in AM this summer (~$350bil AUM). Was wondering how feasible it would be to lateral over to BB AM for full time? How many spots are usually left over after the summer? And is the recruiting timeline parallel with IB?...
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Leasing Credit Analyst? Worth it? Hi guys. I just had an interview with BofA as a credit analyst in their leasing division. I'm currently working at a small company in their FP&A department. Graduated in 2015 from a semi-target school with a finance degree. The thing is, the job is essentially entry level. It's just spreading finan...
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T. Rowe Price - Review - Business DevelopmentGreat culture. They tend to hire from within. High caliber of colleagues within the institutional space. CFA is valued highly. . Some of the priority strategies are starting to become capacity constrained. Within in the institutional group research leads up into the marketing group which does not ma...
Fidelity Investments - Review - WholesaleGood company, good benefits, decent training program. Collegial culture because it's a sales desk. 8-5 typical hours. Tough to get promoted, high rate of attrition, industry changes make the role harder, a lot of recent corporate changes...
Folger Hill Asset Management - Interview - Asset ManagementThe interviewer (head of HR) asked a lot about my CV and motivations for joining the firm. Folger Hill does a lot of high frequency trading and unfortunately I wasn't sure how to tailor my answers. Most of the questions were behavioral and I kept my answers short and concise, which the interviewer d...
BlackRock - Interview - Portfolio ManagementGiven a daily list of movie records with box office receipts for that day for a year, write a function to find the highest-grossing film thus far. How can it be made more efficient? What is the difference between risk and uncertainty, especially as it pertains to BlackRock? Why not work in the tech ...
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F50 analytics internship, or small PE firm Hi, I am a rising senior at a target school and have a 3.3. I have an internship offer to do analytics (not finance related) for a F50 company, and another for a smaller search fund. I spoke to someone at the search fund who told me I would be able to get some modeling experience there(not just de...
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AllianceBernstein - Interview - Portfolio ManagementNone really, it was a lot of fit questions like behavioral and some general questions as well. Best way to prepare I'd say is to just know answers to questions like 'how do you solve a problem' 'if you have a problem with your manager/co-worker how would you go about fixing it' 'what are your intere...
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Didn't received a return offer after internship at KPMG because asked a partner out for coffee?I asked a partner (who hired me) out for a coffee, he agreed, then changed his mind. He told my performance manager leader (PML) that I did not respect his time because an intern supposes not to ask a partner out for coffee during busy season! (But he went to coffee with other interns and associate...
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Pimco - portfolio associateHi. Can anyone share me what you were asked at Pimco’s assessment test?I applied for the portfolio associate role, and HR told me that I need to take the quick modeling test, but have no idea what it is..... (I’ve seen several similar topics but seemed bit old) Any advice or info would be apprec...
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JPMorgan Chase - Interview - Wealth ManagementThe interview was 30 min each with 4 members of the team. The questions that were asked were mostly behavioral/fit questions which were not that difficult (What are your strengths/weaknesses? What would you do if a teammate was not pulling their weight in a project? Why JP Morgan? Where do you see y...
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Cfa L2 material Anyone on WSO have CFA L2 material (exams, outlines, summaries, LOS overviews, online flashcards, etc.) that I could use for the exam? I am sitting for the exam in NYC - done with one read-through and plan to start practicing questions now until exam day....
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BlackRock - Review - Fixed Incomereasonably friendly people. lots of information going around give opportunities to learn new things. big firm benefits. lots of groups to move to. . limited career growth within many groups because turnover of poor performers is low and they overhire. the talented people are frequently unhappy and...
UBS AG - Review - Private BankingDirect colleagues can, depending on the team, be a true asset. Furthermore, working hours can differ a lot, depending on work demand, from great to okay to stressful.. Hierarchy is a big problem. Also inefficiency, employees that got the job a while ago and now survive through their personal network...
JP Morgan Securities - Review - Private BankingGood people, learn a lot. Overall the people who work there are very nice and you get exposure to many different areas.. Not enough growing ops, everyone wants to go to IB. The hours are pretty tough for my team, but overall the hours are not bad. Comp is good except for bonus...
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Goldman Sachs PWM FICC Solutions GroupI have a superday for GS PWM FICC team and would love to know if anyone has any recommendations on what to be prepared for and/or what technicals to expect? It is specific for the Fixed Income team so I am guessing technicals such as bond drivers, duration, convexity, fed rates, inflation, etc. Does...
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Goldman Sachs - Interview - Asset ManagementTell me how you can lower a Sharpe ratio of a portfolio? I talked about diversification and looking different asset classes and betas in equity. He seemed ok with the answer and did not expand more on the topic itself. Overall not many difficult or unexpected questions. It was just one-on-one on the...
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How to prepare for a fixed income research analyst interview?I'm interviewing for a new job and I have very little experience with fixed income. Some of the duties for this new position include: research/analyze fixed income investments find new fixed income investing opportunities monitor portfolio's credit ratings present credit reports to investment ...
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Fidelity Investments - Review - Generalist- ownership sectors you cover - sufficient support from firm - huge brokers' resources - well structured training program and steep learning curve. - long working hours. may end up close to 80/90 hours in peak season - zero tolerance to mistakes - accountable for poor investments made...
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CFA Lv.1 - Anyone wants to share the study materials?(Schweser)Im about to start (I got 3 months, but Im doing nothing but studying so I think I should be fine.?) Does anyone want to share Schweser Essentials? It's $650 and thought itd be nice to share w someone....
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UBS Private Wealth Management - Review - GeneralistExposure to firm research Potential for firm to sponsor CFA Professional environment, had own desk in the team office. No one made their own investment decisions Commuted 3-4 hours daily with no reimbursement Pay was lower than what I was receiving before...
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Advice on getting into AM after undergrad?Hi-ya Monkeys, Wanted to ask for some advice. I am trying to get into AM after undergrad (I recognize this is difficult). But here are my stats - what is your advice on how I should do so/my chances? cGPA = 4.00 Internship 1 = PWM BB Internship 2 = AM (think Putnam etc). Graduating from non-t...
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pimco prepanyone going to pimco prep program in new work on april 20? do you know what it will be like and hwo selective it is...
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Dodge & Cox - Interview - Industrials1) How would you value two companies if they had the exact same income statement? 2) What's an investment idea you have in your PA? They will usually grind you on your assumptions and see if you really understand the industry dynamics. Be prepared to discuss in depth as most of these analysts have ...
LPL Financial - Review - Operations-Relax environment with casual -Great growth potential as company is growing in both SD and Charlotte.. -Low pay -Heavy workflow as the company is going through growing pains. -Fort Mill is underdeveloped so the commute from and to work can be rough....
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Help me choose a school?Hi everyone, I'm sorry if this is the wrong place. I'm a highschooler who's interested in in AM/HF as a career, and will be enrolling into college in Fall 2018. I've gotten into Claremont Mckenna and Swarthmore, and am trying to decide which one would give better opportunities for getting into th...
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JP Morgan Securities - Review - SalesYoung team, very motivated to do well as everyone is a sales person but there is not really any competition. . Luck of the draw around the person's team you end up on. Very filled with corporate politics, depending on the team the culture can be toxic....
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Acheivable.me Series 7 Review? Anyone use this??Hi, just wondering if anyone has any experience using the Acheivable.me app for studying and successfully passing the Series 7?...
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Best way for an accounting major to break into finance?I'm a recent accounting graduate, with only accounting experience on my resume with dreams of breaking into the finance field. IB or Sales and Trading is pretty much out since I didn't go to a real target school (Baruch College in NYC), but I'm, interested in Private Wealth Management (which is basi...
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Bank of America Merrill Lynch - Interview - Private Wealth ManagementHardest questions were about losing clients and how you would deal with it. One question in particular asked about how you would tell a client that they lost a large part of their investments in a market correction. They wanted to know if you would tell them upfront or wait until the whole process w...
Morgan Stanley - Review - Wealth ManagementThere's a lot flexibility and autonomy. I'm free to manage my own time how I see fit and grow my business as I wish. . A lot of new business development in the beginning. I spend at least 80-90% of my time prospecting. ...
Bank of America - Review - InvestmentsNever work more than 50 hours a week and its a pretty low risk job because the PMs own all the decisions. Pay is pretty crappy though.. I am underemployed and working on getting over that I had no idea what I wanted to do when I got out of school....
Pacific Investment Management Company PIMCO - Review - Asset ManagementGood name and reputation. Smart colleagues, a lot to learn if you search it out. Location is he best.. Pay is below market for junior employees. Very tough to move internally, company usually hires from outside rather than promoting from within. ...
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Sol Systems Asset Management-Washington D.C.Does anybody know anything about this firm? Would doing an asset management internship here be worthwhile? Thanks for any insight, Bill Brasky ...
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Starting in asset managementHi all, I'm about to start an internship as a first year uni student at a "special situation" AM firm this summer. What sort of knowledge/ skills should I familiarise myself with prior to the internship? (Bloomberg/ DCF/ Excel etc?). I would like to go into the internship prepared in order to make ...
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Umpqua InvestmentsHas anyone ever heard of Umpqua Investments? It's a regional bank with a small wealth management division. Anyone know about them?...
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PIMCO - Outlook for the near term and the futureHello fellow monkeys - I'm contemplating an opp at PIMCO and would like to get as much feedback as possible on a few questions/topics: 1. What is the feeling among employees there in regards to the culture and if it's changed since Gross left. From what I hear it is changing for the better (paranoi...
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Ladenburg ThalmannDoes anyone have any opinions or insights into Ladenburg Thalmann? Nothing specific just looking for general opinions....
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Credit: Syndicated Loans [Arrangers + Investors] / CLO [AM + Investors]Been here nearly 8 years, and finally back on the scene after a 2 year hiatus. Excited to be back and thank you in advance for anyone that can help answer the questions below. I got some banana's to give out. **It would be great to get perspective on the following if you are an** 1. If you are an...
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Post-superday wait time for BlackRock?Just had a superday with BlackRock in NYC. What is the wait time for BlackRock after the superday? Most BB banks only take one or two days. I'm not sure if that applies to BlackRock as well? Does anyone have any experience with BlackRock recruiting?...
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Best Investment Manager/Asset Management Group for Markets InsightWhat are the best investment managers and/or asset management groups that have the best market(s) insight each year, quarter, and month? I usually use GSAM, JPAM, and PNCIAM and have found them to be very good. ...
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Blackrock Client Portfolio Solutions (CPS) - Thoughts on Comp?CPS is a new group at BK focusing on building model portfolios (I know there are similar groups like this on the street, e.g., GSAM GPS) and serve as an outsourced CIO. A friend from BK referred me to a VP position in Strategy & Business Development. Link: https://careers.blackrock.com/job/BLACUS31...
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ClearBridge Investments (Legg Mason) Equity Research Internship Questions So I recently received an equity research internship offer with ClearBridge Investments for this summer (they're one of Legg Mason's funds). I couldn't find a ton of information about comp/exit opps online, so I was wondering if anyone on this forum might know anything. Some specific questions I hav...
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JP Morgan Securities - Interview - Private Wealth ManagementThey simply made you go through your resume. The asked what you thought about the company and why it was different from everyone else. Have you noticed anything that JP Morgan does differently and do you like it? They asked if I write my notes for class on paper or a tablet. They then asked if the t...
Rothschild - Interview - Private BankingInterview one consisted of basic HR questions, followed by motivation for this role and understanding of the Private Wealth function within Rothschild No real tough questions here, really standard questions. Interview two with 2 investment professionals, was asked the following : How would you ...
SKBA Capital Management - Interview - Investment ManagementHonestly, none. It was pretty straightforward. I got a little thrown off, actually because it was so easy. The first round was just why SKBA, why should we hire you, and pitch us a stock. I sent in a very detailed and very well researched report on the stock beforehand, and that's what I think pushe...
Pacific Investment Management Company PIMCO - Review - N/AWorking on the desk was an enjoyable experience, as you get daily interaction with portfolio managers and associates.. It can be tough for some people to wake up at 4AM every day; you are expected to be at the desk by 5AM latest. ...
Jones Lang LaSalle - Interview - Debt Capital MarketsNone. I was asked to describe my work experience, a prior deal I had worked on, and to verbally describe what kind of analysis I conducted on the deal. We casually spoke about the state of the industrial investment market for the northeast region, where I saw an opportunity. The interview was conver...
Goldman Sachs - Interview - Private Wealth ManagementWhat are your 5, 10, and 15 year career goals? While I have been asked questions similar to this before, they only included one time horizon. This through me off a bit, because I had only answered based a 5 year time horizon, and the question was not solely meant to be a career oriented answer. Anot...
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Include part-time work on CV?Hi, hoping I get a reply. I was wondering if I should inculde my current part-time barista job on my CV. I already have a lot of other finance related stuff on my cv which is quite enough to fill the page. I was just wondering if I should include the part-time job simply because I am currently emplo...
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Does an MBA really provide value for the buy side?I am in my relatively young career on the buy side as an analyst for an institutional AM. The expectation is of course to obtain a CFA during your first years. Then, to be considered for senior analyst or PM, you need to attend business school at a top 10 school. Right now the MBA just seems like th...
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Bank of America Merrill Lynch - Interview - AdvisoryThere were 2 groups of interviewers, both started with an overview of my resume and then continued on to some behavioral questions, followed by industry-specific questions like the following: What is more important, work ethic or intelligence? Tell us about your work experience? Why would you be ...
Morgan Stanley - Review - Wealth ManagementEasy to work while full-time student with commute. Free lunch. Good hourly pay. Great office environment. . Grunt Work. Paper pushing. Getting lunch. When working with operations team, can get difficult due to poor personalities. ...

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