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

 

i dont know why you are trying to size up your internship in resume points on a message board but everyone here knows you just get coffee. yea in this market an AM internship is good, not as good as IB obviously but still very relevant

 
Best Response

Animi necessitatibus delectus molestiae nemo eos eius. Eaque suscipit nam alias est porro. Tempora magni placeat dolorem numquam illo iusto eos dolores. Nobis ipsam consectetur quae ducimus. Aliquid ad aut repellendus et tenetur adipisci. Unde ab blanditiis et maxime sint quae libero velit. Nisi voluptatibus in laborum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
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...”