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

jfong94's picture
Rank: Senior Chimp | banana points 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.

Advice?:
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

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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.

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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 29, 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
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