Asset Management MBA
I am thinking about transitioning into a career in Asset Management, with limited experience in finance... I am thinking about doing an mba at nyu, cornell (johnson) or dartmouth (tuck).. would any of these programs help me to break into the industry? (I understand that there "might" be other programs, but these are the three that I am currently looking at).
I appreciate any thoughts.. thanks...
With no finance background? Nope, not happening.
and after passing CFA level II?
Asset Management is very unlikely for anyone without prior finance (or some relevant quantitative field) experience even at top schools. Wellington, T Rowe, Fidelity, etc only take a few people per year and they almost always have prior experience, even at top schools. It's no different at public funds and Hedge funds especially aren't happening. It's just one of those things that has a high barrier to entry. Research/AM at a BB is a little more likely, but those jobs generally aren't very plentiful and are a more self driven process. That said, of course the CFA helps and the better school you go to will help, I just wouldn't expect to be able to find a job in the space without relevant experience regardless of where you go to school. You might be better off doing banking and then making the switch, honestly, as quite a few people do that and at the associate level it's still possible.
Yes, those programs will help. Those 3 are pretty good choices after Wharton, Booth, Sloan, and Columbia for AM. Every year there are students who transition to that industry from those schools but it's not easy.
Can't speak intelligently about Johnson or Tuck, but based on research I did prior to MBA apps, Stern would be a steep uphill battle. Pretty small percentage of grads go into IM/AM and there are minimal OCR opportunities in that space (based on talking to a number of mba candidates there). Lot of opportunities for banking, not so much for buy side investing.
If you're not looking at Columbia, you need to. Dabears92 did a great AMA on CBS and he was recruiting for IM. He discusses OCR and the value investing program, and a lot of other important factors for someone trying to break into AM/IM without experience. Link Below: http://www.wallstreetoasis.com/forums/ama-reflections-on-1st-semester-a…
if you can get into Wharton/Booth/CBS you'll have a better shot
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