T Rowe vs Fidelity vs Capital

Question

Interested in the undergrad associate programs for each of these. For Fidelity, I think its the Equity Research Associate position, for T Rowe its the Associate Analyst, and for Capital its the TAP/CAP program. Interested in the following:

Role of position/length
Conversion to analyst
Ability to transfer to other buy-side shops, both mutual funds and HF (read: exit opps)
Salary/life style
Reputation

GIBTs · Accepted Answer

I’ll at least get this started, but qualify this by saying I haven’t worked at any of these firms personally.

T Rowe junior program is very well regarded around the industry, heard this directly from a buy side recruiter I’m friendly with. Fidelity is a top name and does great work as well, and their culture is excellent. People at Fido have told me that “Wall Street sharks” tend not to fit in with the culture at the firm. Being a team player and not so oriented towards personal advancement with sharp elbows is key. That will in fact gain you respect and promotions at these places.

GIBTs · Answer

From talking to someone pretty high up at one of these firms, I know that people do definitely move between the large asset managers, sometimes even moving to a competitor and then switching back after a few years with a raise or a promotion, not purely lateral. I’m not sure how much this applies to the research analysts specifically, but I’d have to imagine it does. It’s probably also more common between Fidelity, MFS, Wellington, Putnam, etc.

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T Rowe vs Fidelity vs Capital

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T Rowe vs Fidelity vs Capital

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