Entry-level Fixed Income Research Associate interview
I've got an upcoming fixed income research analyst position coming up, I'm in college so this will be an entry level position. It is with Fidelity.
The dilemma is, I don't have any background or work experience in fixed income. This is the job description:
-The Fixed Income Research Associate Program is designed to recruit talented, industrious undergraduates to support Fidelity’s bond investment process, and to train them to have foundational skills to launch successful careers in finance and investing. Each applicant will be competing for a role on a research team focusing on one of the following: municipal, financial, industrial or macro research. Associates will be trained to analyze the credit quality of individual issuers as well as the structural features of securities in the bond and money markets through a formal training program and through direct mentoring by senior analysts.
Associates will build financial models and work closely with experienced analysts to develop credit opinions through investment recommendations, documenting their opinions with published research reports. In close collaboration with senior analysts, associates will participate in meetings with bond issuers, credit rating agencies, sellside research analysts, investment bankers and other market participants.
Anyone know of any crash courses that I can take to prepare for this interview? I REALLY want to do FI research. Will I need to give a pitch? How deep do these interviews usually go? HELP!
Basics would be major central bank policies and the economics behind it, simple bond math, where rates are at and why, where spreads are at and why, how you look at a company, and possibly a pitch, and of course why fixed income.
Have an interview in Fixed Income Investment/Credit Research (Originally Posted: 09/08/2016)
I have a BS in Accounting & Finance from Rutgers University as well as my CPA. I am also a level 2 CFA candidate.
Currently I work in Financial Reporting for our Fixed Income Business - Alternative Products (Hedge Funds & CLOs).
I have an interview on 9/12/16 in Fixed Income Credit Research with my current company (Insurance Company/Asset Manager). I will be meeting with the Head of High Yield Credit Research, Head of US Bank Loan Credit Research & Head of IG Corporate Bond Research.
This is for an entry level position. Requirements were a degree and completion of CFA Level 1.
Any tips?
I plan on reviewing my CFA Level 1 Fixed Income material as well as reviewing all all financial statements flow and how it impacts debt holders as opposed to equity holders.
Hey @DencyK CPA, was wondering how did the interview and their expectations turn out? Many thanks in advance.
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My first round at an AM was very laid back. They just walked down my resume and addressed a few points of interest. I actually ended pitching a stock, but I don't think that was planned. If it's like most other AM's, then they'll be vetting for fit and basic finance knowledge. Make sure you know what's happening in the WSJ and Bloomberg. The second round is when the real fun begins. Best of luck.
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