1 Year out of Undergrad - Asset Management or IB first? How to break into Asset Management? plz help!

jfong94's picture
Rank: Senior Chimp | 19

Hi everyone,
I graduated one year ago from a top 2 undergrad business program (3.7 GPA), now working as a business analyst (non-finance) for a large FI.
I am interested in investing and AM, but don't know if i want to work the hours of IB to get there, for fear of burning out.

1. Bite the bullet and do two years of IB to have more options.
2. Study for the CFA L1 & concurrently try to get a job in Equity Research, then apply for AM.
3. Stay at current FI, try to move internally.

Thank you all

Comments (9)

Mar 29, 2017

JPM has an Asset Management analyst program for recent grads with less than 2 years of experience. Could be what you're looking for.

    • 1
Mar 29, 2017

Hey conyak, thanks for the reply. Any advice on how to improve my chances for that kind of program? Like CFA L1?

Mar 29, 2017

I dont think the CFA level 1 is a requirement, but I'm sure having that on your resume would help your application since you would be showing that you are serious about that profession. That being said, when I was applying, I didn't have CFA L1 (still dont) and I managed to get several interviews (eventually declined an offer), so dont let not having the L1 keep you from applying. I think the program in general is geared towards people with little to no experience in that space, so they might not be too serious about a CFA requirement. From the requirements they list, they seem to just have a minimum of 3.2 GPA, some technical skills and interest in the space

Mar 29, 2017

Do you have any more information on this? Genuinely curious / feel free to PM.

Mar 29, 2017

I dont have much more info than whats provided on their job listings, sorry. I'm not internal but I went through their interview process with two different groups and that was really it. Pretty structured recruiting. I applied via their careers site, then had a call with HR, then a team member etc. If you go on their career site and search "JPM Asset Management Analyst" you should get a few hits and theres a brief description about the program itself.

Mar 29, 2017

appreciate it anyways!

Mar 29, 2017

Hey @conyak What kind of experience or skills did you have at the time you applied? Thanks in advance.

Mar 30, 2017

Pretty similar to you, actually. I was a year out of college, working in middle office finance stuff. Had 2 summer internships at small boutique advisory shops, okay gpa out of a top 20 ug.

Mar 30, 2017