IB AM

Have the opportunity to join the AM division at one of the big 5 Canadian banks in Toronto (RBC, TD, BMO), within the Investment Management function covering one of the asset groups (equities, fixed income, alts, etc.).

I've been recruiting for IBD but didn't land anything. Now that I'm presented with the AM internship, I want to give it a try and see if I'll like it. 

Logic:

Worst case - I hate it, but since its still FO & B5, having it on resume could make me marginally more competitive for IBD? (let me know if im being delusional)

Best case - I love AM, I work my ass off for the return offer, and stop chasing IB once and for all.

I'm probably gonna take it if nothing else comes up. But in the meantime, I would love to learn more about the overall landscape:

  1. How does B5 AM differ from AM at BBs and other asset managers? Other than distribution, is AM even considered FO?
  2. WLB and comp? Is junior comp in line with other FO roles?
  3. What are the exits available to someone in alternatives or equities?
  4. If things dont work out, how hard is it to jump to IBD?
  5. culture at AM? (Bank specific/overall)

Cheers

2 Comments
 

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