Any insights on Millennium’s equities analyst programme with UBS? Where you do a year of sellside ER at UBS then join a pod at millennium.
Would be greatful for any insights at all - comp, recruitment process, conversion after the two year programme etc
| +148 | Q&A: I'm a Pod PM | 78 | 57m |
| +51 | When giving reference to a sexist - would you care? | 9 | 4d |
| +18 | PE to SM HF | 3 | 4d |
| +10 | Should I get an MBA for VC after Tech PM? | 2 | 4h |
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| +8 | “You gotta love public markets” | 9 | 1h |
| +6 | Lateraling to MM L/S | 1 | 1d |
| +3 | Buyside to Sellside | 0 | 3h |
| +2 | New launch down >500bps, >100% turnover | 2 | 3d |
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Recruitment process is competitive - run by Dartmouth last year. Around 7 interviews, first three with DP, as far as I can remember. Seems to be run in-house this year though. Get comfortable with a rigorous knowledge of public equities, all the usual technicals etc - AFAIK there weren't many seats open last year. There's been an emphasis at MLP over past year or so to develop more of their FO talent pipeline in house (lagged considerably behind rivals like P72 etc), quant research stream opened for the first time last year placing MSc level candidates directly in trading teams.
4 seats, the recruitment process is similar to other shops, with a case study round and analyst/PM interviews towards the end.
Would be comfortable with the usual equities/finance interview questions + quant-style brainteasers and mental maths.
Great thank you. When you say similar to other funds do you mean the case study and interviews, or that they are on top of what other places do?
Process is similar to other shops
After online application theres a caliper test
Has anyone heard back after Caliper assessment?
I got a rejection email via workday but I hadn't even completed the test lol
Not sure wth that means
Same
Completed Caliper about an hour after receiving it (like 10 days ago) and haven't heard back yet – I'm US based though
Got 1st round
Have London R1's come out yet?
Yes
Was it just a background/HR round?
Any insights into the interview? Was it technical?
any insights on caliper assessment?
Has anyone heard back after their first round interview?
Nothing yet for me.
Nothing yet
Nothing yet. Interviewer said next round is case study
They said first round interviews will be going on for the next 2 weeks so they will revert after that
is that a take home assessment? never done a case study..
Is this for 2025 or 2026 start?
2026 start
Have applications closed for this because I cannot find the link for it?
When can we hear for the second round ?
nothing received after finalizing the Online Assessment
Just got an email saying that the case study is going to be sent out on Thursday
case study out - going to be grinding over the weekend in between two 80hr weeks...
lol same
It’s joeover
lmao get some good rest before the weekend bro good luck
Are you guys doing comp analysis in your model as well? A bit confused on whether we are allowed to/whether we should
I am
ngl I am very confused cuz it looks like we shouldn’t
Ahhh congrats guys- didn’t receive anything so I assume it’s a rejection for me
.
So real
I gave up when my Balance Sheet didn't balance and I got a teams ping from an associate asking for 6 slides due by tomorrow 8am
DW my balance sheet is cooked too...ridiculously long case tbh
The case study is quite painful tbh kinda don’t understand what I’m doing
Anyone heard back from case study yet?
guess they need several more days to review them
Any updates
Took 2-3 weeks between rounds last year, fwiw
Anyone received updates from HK base?
They sent out next round yesterday
Are you sure
Anyone got any updates?
for the london program
any updates for the NYC program
Haven’t heard anything
Nothing either for NYC
Out of curiosity, when was the case study due for nyc? Last Monday too?
Got email yesterday afternoon for nyc
Congrats! Still waiting for London updates
Do you think all invitations for next round has been sent for NYC?
anyone receives offer for hk/sg?
Did you get it?
Anyone has updates for London?
Nothing yet
Anyone has any clue for London?
nothing for me
nothing here
London — next round is out
Everyone in London?
No idea
I got an email with a blank address line saying I got the next round
Would imagine they send out all at once but who knows
Anyone from London had their interview?
anyone receives anything after final round?
Which office?
HK/SG finished final round last week has been silent since then
heard someone has received offer for hk office
Anyone from London heard back post interview?
had my case interview yesterday, waiting to hear back. was yours mainly behavioural as well?
any updates about HK offers?
anyone heard anything else on the London side
is the round post case study the final? And also was it also behavioral for everyone? I got kinda confused thinking they would drill me on the case
For London btw
Yeah HR clarified that it was the final round. Still waiting to hear back.
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