Silver BananaTopic
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Company Interview: Hilliard Lyons - Hilliard Lyons Intern1. Why do you want an internship with a financial advising firm? 2. What other career paths are you thinking of pursuing? Why? 3. Is Lexington a place where you could see yourself living long term? Why? 4. What are some investment books that you have read most recently? Which one is your favorite? 5...
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2018 Asset & Wealth Management Summer Analyst Program for SophomoresHas anyone heard back from this? Hire view or otherwise. I applied about two months ago from TOP 5 Finance. Finance and STEM double major. 4.0. I've seen a lot on here about what I presume to be Junior recruiting. Curious about sophomore (rising junior). Found through OCR. ...
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Has anyone landed an analyst/associate role in Asset Mgmt or Equity Research with no experience? How?Economics grad. No internships. CFA level 1 candidate, awaiting results. Itching to land a career in research in Asset Management, equity research, with a long-term goal of being a portfolio manager. Those that have been in similar situation, how did you do it?...
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Company Interview: BlackRock - AnalystNothing was difficult or unexpected as I didn't get past round one.... The questions were very straightforward questions such as why I chose to apply to the firm, why I chose the specific group at the firm, why the firm is unique in the marketplace, why I chose my major and why I thought it would b...
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Company Interview: HSBC - Asset management summer analystTypical application and phone interview. Assessment centre consisted of numerical test, case study, group case study and 1 on 1 interview. Very tough case study, average group case study. Easy and very relaxed interview and a suprisingly and extremely easy numerical test. "Why did you choose the new...
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Company Interview: JPMorgan Chase - Wealth Management Summer Analyst Basic market trend questions and current ideas within the market. Recent earnings and about potentially overvalued stocks were impacting the market. There were a lot of behavioral questions along the lines of Why Asset Management? Why this group? Why JPM? Where do you see yourself in 10 years? What ...
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Company Review: Morgan Stanley Smith Barney - FA Summer InternVery friendly and team oriented. Got a lot of responsibility and exposure to a career in wealth management. As this was wealth management, it was very relaxed and not at all what I was expecting. Most people would prefer these hours over ib....
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Company Interview: Institutional Shareholder Services - Corporate Governance Research AnalystYou should be ready to prove your interest in Corporate Governance - talk about recent developments, any changes in the Corporate Governance Code of your market. Also be sure that you can name any news/podcasts on CG topics that you follow. You will be asked to prove why your experience was releva...
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Citi Sophomore Private Banking 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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Company Review: State Street Corporation - Boring place to workThe hours here are great. The division does a good job at letting you do whatever you want to do in terms of ours. Depending on your reporting manager, you can easily get time off for personal reasons. . The work here is similar to watching paint dry. I barely find any value in what the division doe...
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Company Review: Merrill Lynch Wealth Managment - Satisifed, great freshman year experienceEveryone was super nice within the firm. My financial advisor boss encouraged me to ask questions and to talk to everyone within the firm.. Being a part-time intern, there was definitely a lack of communication at times. In addition, my work projects were not clearly outlined. ...
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Company Review: Goldman Sachs - Goldman RMD InternGoldman is moving their Irving office to downtown Dallas so that's a major plus for the younger analysts. Depending on the group you work in and the deal flow, your exposure to different asset classes could be limited...
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Company Review: BlackRock - Summer InternGreat culture and cohesion with fellow employees. Everyone is quite intelligent in their own right, which makes for a stimulating workplace.. Hours are quite long and work can be quite arduous/boring. There also appears to be significant favouritism which discredits career progression....
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Company Review: State Street Corporation - Operations Analyst* Flexible work schedule(IE Work from home) * Plenty of opportunities for advancement in the company . * Management * Long daily hours can hit the 16-17 hour a day range for extended periods of time ...
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Company Review: Merrill Lynch Wealth Managment - GWIM InternIf you have a great team / mentor they are more than willing to show you what WM is about and show you the difficult aspects of it . PMD Program is very hard. Out of the 30 people going through the program 2 will be successful. There are no leads, you must earn them yourself ...
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Company Review: Merrill Lynch Wealth Managment - BAML TFA ProgramPretty much unlimited resources from BAML. Research is best of class, and the technology available to advisors is great.. Production goals are very challenging depending on what region you work in. Asset minimums look very different depending on where you are....
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Difference between GSAM and other IM/HF firms? What's the difference between Goldman Sachs asset mgmt and other firms like Hedge funds and investment mgmt firms? From its website, it says that GSAM applies various HF strategies too among others. How is it different from typical HFs though? ...
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How do I start my track of record?Hi, My friends and I (MBA students) are thinking about to do an investment company or HF in the future. We would like to start a track of record first. We only have few thousands to start with and only plan to invest with our own money for one or two years first.... Here are my questions: What kin...
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Employee Review Advicedelete...........................................................................................................................
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Company Review: Wellington Management - Financial AnalystGreat Company, a lot of responsibility and steep learning curve. The team is helpful the offices are great and they provide training . Not a very diverse workforce. They don't hire many internationals and a very formal culture (they were changing that)...
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FRM challenge - free online testHey everyone, If you're prepping for the upcoming FRM exam, check out this free FRM test: http://bit.ly/2z9gBew You'll get a comparative report at the end of the test as well. Onward, RiskManager316...
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Company Review: Goldman Sachs - GS IMD I am working at Goldman Sachs and the people are incredibly smart. In addition, this is a company that does not really care that I'm from a non target.. This is the office in Seattle. I'm definitely more interested in working in new york and going into institution IMD or IB....
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Morgan Stanley Wealth Management Summer Analyst Program 2018I applied for this internship about a month ago and according to the application portal, my app is still under review. I was wondering if anyone else had applied/gotten interviews or offers yet, and when?...
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Life at a Top Asset ManagerMod Note (Andy): #TBT Throwback Thursday - this was originally posted on 3/24/13. So I've seen a few posts lately asking about mutual funds, Asset Management gigs, and alternatives to the sell-side out of college, and hopefully my experience taking the asset management route to hedge fund rather th...
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How would you answer this mutual fund interview question - what is your best and worst investment?I have final rounds with a mutual fund next week. They have asked me to prepare my "best and worst investments" to discuss. Like my previous e-mail, I think that term is totally open to interpretation. How would people define their "best investment?" - Most P&L? - Best investment IRR? - Most misp...
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Investment club to company? to hedge fund?Hi, My friends and I are looking to start a track of record. While I am doing research, I notice a term "Investment Club". I am wondering if its possible later on to convert an investment club to hedge fund/investment company with the track of record. I am also wondering what is the best way to s...
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Company Interview: JPMorgan Chase - Private Banker He basically asked for the names and depth of relationships with COI's that would allow me to be successful from day one. He wasn't interested in buying books of business, but wanted to know how I would ensure a steady stream of new clients. He wanted to know how long I had known each of them, rat...
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Company Interview: Echelon Wealth Partners - Administrative SupportLike mentioned before, the interview was fairly simple. They really wanted to see if you are a good communicator, can work overtime (a lot), speak to clients and often times, attend meetings with them (sell-side companies trying to sell their funds to Echelon so that they can offer those to their cl...
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Asset Management Superday - What should I expect? Have a superday coming up for AM SA; not very experienced whatsoever in the field and frankly have very little idea what technicals they will ask; what is key? ...
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Company Interview: Bank of America Merrill Lynch - Summer InternIf you were offered another role in the firm you haven't applied for would you choose that over the role you're currently applying for and why? I thought this was a very tricky question and wasn't too certain as to why I was being asked this question. It definitely threw me off a bit but I composed ...
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Will anyone hire me based on personal account ROI ? I have read posts that state fund a personal account beat the market and money will come knocking. Is there any truth to this?...
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Company Interview: Lazard - LazardStan is working as an administrator at an investment bank. In three months the branch will change its banking information-system. You've been working in the same place for the past three years and have managed to work your way up. Lately, you have been feeling that you have reached your potential i...
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UBS Asset Management Superday Has anytime got a superday this Friday? If so, what questions are you preparing for? Has anyone had a previous superday for UBS AM; what did they stress? ...
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Benchmarks for Multi Asset Portfolios?Just a little curious on types of benchmarks that asset managers use for multi-asset portfolios/funds. Not looking for one in particular, but a direction for me to look in would be great....
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Company Interview: BlackRock - Portfolio AnalyticsTalk about a time you had to understand a client's aims thoroughly in order to help them, in a high stakes situation - what were the obstacles and what was the result? What's your view on technology and is technology always useful / reliable? If you have a list of daily sales for individual movies f...
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Company Interview: Grosvenor Capital Management - Summer Investments InternAsked to set up a system of equations and do mental math on the spot. Also asked about my coursework and the content I learned. For example, I was asked to explain different econometrics concepts. Also asked how I would allocate a portfolio of money and to pitch a stock. Depends on the interviewer t...
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AllianceBerstein Quant Rotational ProgramDoes anyone have any background about this program? I have a first round coming up and would be interested to hear if anyone has any history with AB....
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Company Review: Wells Fargo and Company - WIM ReviewLaid back environment. Most people are very easy to work with and are happy to help. Wells Fargo encourages career development and horizontal moves. . Lots of red tape dealing with Risk, Legal, and Compliance... but that's with any large bank. Many people in Wealth & Investment Management are not as...
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Company Review: Macquarie Group Limited ABN - Summer AnalystGood working environment with access to a wide range of people and projects. Expect a lot of autonomy and independence. Generally it was all quite positive. Sometimes the amount of independence at the intern level can get a bit stressful....
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How to interpret the cold shoulderHi all, About a month ago I was on a final round interview for a strategist position at a top AM/WM firm. In this last interview the hiring manager told me that they would be back with a decision within about two weeks after that date. Two days after the last date he told me he'd be back by I email...
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Company Interview: Goldman Sachs - Goldman Sachs IMWhy would you like to do client solutions for private wealth management? I talked about my background in customer service, and how I was looking for a career in finance that still retained aspects of personal interactions and problem solving. I talked about how I was passionate about following the g...
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Help me decide whether this role is FO/MO/ or BO? Asset Management UmbrellaWhat do you guys think? FO MO or BO? Also given the description what kind of upward mobility / career path would this allow me to get into? Im thinking about applying but im worried its more administrative and that I should maybe pass on it, thoughts? Job Descriptions is as follows: ...
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JP Morgan Investment Assistant - Equities team----------------------------------------------------------------------------------------------------...
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Endowments & Foundations Part 1: A Basic Overview Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #31 and was originally posted 6/28/2015. Endowments & Foundations Part 1: A Basic Overview I think the most useful threads I’ve read on this site were threads from people like @BlackHat" w...
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Breaking into AM with little experience?Hi guys, long time reader, first time writer. I graduated back in May and I am struggling to break into the industry. Mainly because I have little to no experience. I never got looked at for any of the program type hiring because my GPA wasn't a 3.5 until my final semester. I really got my stuff tog...
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General Stock Market QuestionWhat is your current outlook on the market? I have an interview for PWM and know that this is a question that will be asked. I currently have a cautious stance on the market but was wondering what other people's opinions are as well as reasonings to their current positions. ...
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Company Review: Manulife Financial - Great place to work - Great work place and has work from home. - Competitive salaries, good benefits, share purchase matching, and profit sharing through bonuses, and more. - Women can and do succeed right up to the top in our company. - Very comprehensive and accessible continuing education processes . - Not enough re...
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Free Fixed Income Daily Email Recommendation Can anyone recommend a free daily email that contains treasury rates and other fixed income info? Commentary would be nice but not necessary. Thanks...
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JPMorgan SuperDayHello monkeys, I have a superday with JPMC AM/WM in two and a half weeks (Midwestern office). While this is not my first superday (I did one for Northwestern Mutual sophomore year before realizing how awful that firm is), but it is my first superday with a big bank for AM/WM. I've talked to some f...
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What are you looking for in a new team member?Just wanted to get some advice. I am starting a new role at a new team, in a relatively entry-level position (2 -3 year WE level). I wanted to make sure I do the right things/ start off on the right foot so want to see how I can be a positive contributor to the team and also show my passion for the ...
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Internal Wholesaler Interview(s)Hi all, Ever since graduation from college I knew I wanted to go into the sales side of Asset Management. I took and passed my Series 7 summer before my senior year of college and took and passed the 66 upon graduation. I had a lot of interviews with a bunch of different Mutual Fund companies but ha...
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Getting into Asset Management in the UK?Hi, I'm wondering if there are any people here who are in Asset Management in the UK? This summer I've graduated with a 1st class from a TERRIBLE university (on some websites its ranked in the 100s) and asset management is something I'm trying to get into. I know my university will put me at a di...
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How to break into AM if I need H1B sponsorship? I graduated two months ago with a STEM major, 3.7 + GPA and I had a one year internship on the buyside as a fixed income analyst. I've been applying and going through the recruitment process for almost a year now. I'm having a lot of difficulty bypassing HR gatekeepers. I always get shut down when ...
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GS IMD vs. JPM AM/WM Summer AnalystSay I have a summer offer from both GS IMD and JPM AM/WM, which opportunity would be best to purse? I know that both firms are obviously great names, but are there any big differences between the two in the Asset/Wealth Management space? Most of the old posts I found on this were not very helpful. ...
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Company Review: AXA Advisors - Just Okay, but opportunities exist Very serious and rising bank. Many opportunities to take part in, if you ask. Really smart and independent thinkers here. . Long hours,and the people were not very career focused. There was no time for fun, and it was looked down on. ...
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How to Evaluate Offer vs. Lost Opportunity?deleted this deleted this deleted this deleted this deleted this deleted this deleted this deleted this deleted this ...
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Company Interview: Cambridge Associates - Investment AnalystMost of the interview was behavioral. How did you hear about the position, what do we do here, why do you want to work for us? You will also receive two separate case studies, one is an Investment Memorandum detailing a hypothetical non-profit client. You are asked to assess their yearly needs in te...
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What are some great AM program for students out of undergrad?What are some firms that have great programs for students coming out of undergrad with training? Also, where you can come in without extensive knowledge of investing (business program). ...
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Company Interview: M&G Investments - Summer AnalystI interviewed up-until the video interview stage, so the questioned were all competency based. However, they are not like anything normal. For example: 1. Do you prefer to analyze information broadly or deeply and why? 2. What are the positives/drawbacks of working in a team and which do you prefer?...
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How long does it take to hear back from PIMCO?I applied in the normal (not accelerated cycle) for PIMCO Product Analyst Full time position. About 2 weeks ago, I received an email after initial resume screening to let them know "Why PIMCO at NewPort Beach". In response to my answer, within 4 business days I received a request for a first round p...
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Portfolio Manager QuestionMy dear fellas, I may very well be in the wrong forum here but I have to ask you this question. The job description below sounds like a client facing/ front line role? Major Responsibilities : Assist senior underwriters/portfolio with the ongoing monitoring and analysis of our existing portfolio o...
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Company Review: Duff & Phelps - Great for Valuations, Good for Work-Life BalanceGood work-life balance. The number of hours you put in does not matter as much so long as you get the work done. Employees are allowed to work from any D&P office while travelling, allowing for greater flexibility when on vacation. People are nice and willing to help you - not at all a cut-throat e...
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Goldman Sachs Residential Mortgage Asset ManagmentJust recieved a superday for Goldman RMAM--anyone know much about this group? Part of RMD but I'm not sure of how this group actually functions; glassdoor says they run due diligence on the RMBS pools for the Securities team, so a BO position but I'm not entirely sure. Anyone know?...
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Company Interview: Bank of America Merrill Lynch - Baystate Financial All of the questions were fairly simple. I would say the most difficult question asked was in regards to how you would actually go about making those 10 candidates clients. What would be your first move? How would you go about marketing after your project 75 runs dry. If you don't have a natural mar...
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Company Review: BlackRock - Satisfiedgood and organize internship program, very smart people and interns, great culture overall but varies by team/division you are in.. not much cons. long hours as expected but nothing too crazy. investment/pmg usually work 60-80hrs esp in their 1st year. PE more and other divisions ...
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Company Review: Wells Fargo and Company - Wells Fargo AnalystManagement takes personal responsibility for the success of lower level employees. Asset Managers rely heavily on Analysts.. Low energy periods. Constant roller coaster of busy periods. Not necessarily the most exciting industry to have focus on....
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Dimensional Fund Advisors - good choice?Hi guys! Hoping to get some insight on what the portfolio management Group is like at Dimensional Fund Advisors. My main concern is their investment philosophy. They base investment decisions on academic research and tend to stick more towards the passive side. If I want to be an active manager one...
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Is it possible to work in risk management with a finance degree?As it says in the title, is it possible to work in risk with just a finance degree or would it require a math/engineering type of degree (or something else entirely)?...
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BlackRock Client Solutions SuperdayHey folks starting a thread for BlackRock FT client solutions superday; had mine today / haven't heard back ...
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Which Job Would Lead Better Into Asset Management?I currently have two second round interviews, one with Wells Fargo for a Financial Analyst position and another with a firm that does investment management/investment banking and has ~$250bn AUM for an investment ops job. Which job would lead better into Asset Management in the future?...
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Company Interview: JPMorgan Chase - WM Credit Middle Office CLT Analyst LATAMHirevue Question: Why this position? I expected more behavior questions so I didn't prepare for this common question. I don't know anything about LatAm, so my response was pretty basic and I guess you can say it was difficult. Recruiter Screening: Why do you want this type of position? I'm sure it ...
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Company Interview: Fidelity Investments - Fixed Income GraduateNothing unexpected in the first and second round. Standard behaviorals that you can expect from every finance firms. The final round consists of a P-test (i.e. a stock pitch) that focuses heavily on the model you build. You are given a week to complete your analysis (modeling + investment report). ...

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