Legg Mason Capital Management

I am currently pursuing a research internship with LMCM with the hope of entering IB next summer. Is there any skill overlap between asset management and IB?

Duties include: - Researching various companies/industries/sectors - Using statistical techniques to assess the accuracy and helpfulness of large pools of data - Using common quantitative metrics and tools to measure various business metrics for investment cases - Writing, editing and producing several daily and weekly written pieces. Writing must be crisp, sharp, and to the point - Some administrative work; possibly reconciling transactions, telephone support, hodgepodge, etc... Nothing crazy at all, normal 40 hr wks

So my questions are as follows:

  1. What is LMCM or Legg Mason's overall reputation? (have a general idea, would like more opinions)
  2. How would skills in an AM internship translate over to an IB internship?
  3. For those with experience, what is the nature of the intern work? Is it substantial or mostly administrative?

Thanks

2 Comments
 
Best Response

Inventore dolores odit alias error autem. Numquam ratione libero dolorem neque. Quidem rerum consequuntur deleniti itaque mollitia deserunt. Ex architecto aliquid quidem similique ut voluptas officiis. Rerum quaerat consequatur perspiciatis est vitae.

Ipsa nam facilis a rerum. Dignissimos sunt ut cupiditate fuga vel ea ratione.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”