Comments (21)

May 28, 2012

For undergrads, AM recruits in the fall, September through mid-November. There are very, very few positions. Even a giant like Fido takes just a handful of new research associates. These slots may be largely filled by returning interns. So, you might see a $500B + fund hiring 1 or 2 people.

If you are talking about the AM arms of banks, I am less certain. I imagine with the other positions (so early fall) but I do not have any personal experience. AM in a BB never held interest for me.

May 28, 2012

Interesting. If someone could give some information...

May 28, 2012

If you're a senior aka full-time, then yes. These places recruit on the same schedule as banking (maybe slightly later) meaning August - October. They're mostly done recruiting by now.

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May 28, 2012

If it's a small group it will probably just be the MDs. At larger shops or larger groups, there are usually experienced analysts who are somewhat in charge of strategy and decision-making that get selected to help interview.

May 28, 2012

The timeline tends to be a little less formal, but big shops should already be recruiting if they aren't already done so you should definitely keep your eyes open. Small shops are all over the map however, and it isn't uncommon to see them post as late as April/May.

May 28, 2012

I suspect it's less a function of school among the M7 than it is interest of the student body.

May 28, 2012

^^ Why would start in AM within a BB, wouldn't it be better to start in (Equity) Research?

May 28, 2012

Like just about anything in life, it depends. The larger firms like Fido, T Rowe, Wellington, etc will recruit in the fall just like the banks do. Smaller boutiques and many hedge funds don't start looking until the spring when they realize "oh shit we need a peon ASAP!"

May 28, 2012

The first round for the offer I received for a top buy side AM took place in September. The ship has sailed for everything but regional boutiques recruiting off cycle.

May 28, 2012

what about PIMCO?

May 28, 2012

I don't think there's a pecking order like that. If you're at M7 then you have an equal shot from any of them I'd say.

May 28, 2012

AM branch at BB is just sell side analyst vs buy side analyst at AM firms.

May 28, 2012

Agree with the guy above, it is exactly the same as other areas of finance. We recruit our incoming associate class in early fall, as do the other big names in the space. Focus on networking into a position at smaller boutique at this point .

May 28, 2012
infinittiii:

AM branch at BB is just sell side analyst vs buy side analyst at AM firms.

(If I am reading this right) Several BB have buyside asset management arms. GSAM is distinct from Goldman ER, for instance. However, they are generally not very good for your career- a lot just operate as FoFs or follow an index. Starting at Fido/T. Rowe/Blackrock is much better.

And, yes, I would start in ER over AM at a BB. Say what you will about sell-side ER, but the analysis will be at a higher level than in an index fund.

May 28, 2012
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May 28, 2012
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