Blackrock interview (completely lost)

Hey guys,
today I received my invitation for the blackrock spring week superday in London. But I'm totally lost! It's for the Financial Market Advisory, but I have no clue what it is or what to expect (keep in mind that I'm a freshmen).
Could someone help?

Comments (11)

Feb 15, 2018

Alright guys I have the interview in 3 days and will arrive in London in 2 days. I haven't even started yet...

Feb 15, 2018

Also what about recruitment? Does Blackrock offer summer internships? and what are exit opps from a gig at FMA? Would it be possible to FMA then PMG and then HF?

Best Response
Feb 15, 2018

FMA is Blackrocks consulting group. You can find info from earlier posts, just do a WSO search, and from searching "Blackrock FMA" on google. The group is broken up into client facing "relationship managers" and technically inclined "subject matter experts". It's a cool group to interview with. Know why you want to go into consulting, specifically FMA. Reading up on the group's history should give you ideas for your answer. I interviewed with them a couple months ago, PM if you have any questions after researching.

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Sep 14, 2018

Hi Stephen, thanks for giving insight. Is there any way you and I can chat about the role? I have superday in with the FMA group in NYC soon. I'd love to know your thoughts

Feb 17, 2018

Thanks for the hint! I did some research. So FMA was created as an answer to the financial crisis in 2008. Nowadays, they do a lot of e.g. stress testing for banks ans have also adviced greece on their problems. So it's really global work and also impacts globals policies and politcs. I still have some questions though. Let's assume that I would get an offer from them once i graduate uni. What are the exit opps? Also what are the hours and pay like?

My last question is regarding the difference between the Markets and Analytics Group (MAG) and Client Advisory. What does each respective group do? How do exit opps differ and coming from a m&a background would I be more interesting for the client advisory or for the MAG?

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Feb 22, 2018

Sorry for the late reply. Tbh I'm not sure how beneficial my advice will be, but I'll tell you what I know from when I networked with people in the group before my interview.

Exit opps are hard to put in a box really. You can move over to Blackrock's investing side with the right connections, or move to a structured products group at a BB. Theirs B school of course, or you can just move up. Info that I got out of my interview is that the group is under more pressure to produce so they might be expanding, but as you probably can guess, business is hard to get without some sort of disaster somewhere in the global economy, so trying to move up might not be the best career move. Hours vary - the way they're staffed is a mix of IB and MC, analysts work on multiple deals at a time like IB, but can be working in a team as small as 4 people to as large as 30, with the "deal team" being comprised of people around the globe, so a little like MC. MAG is full of "subject matter experts" who are well versed in data analysis and alternative ways of valuation, specifically for the type of exotic products that are in structured finance. You can get an idea of this by browsing the bios of the MDs that they have on their site. CA are basically relationship managers and from what I know, they operate like an MD would in an IB, or like an engagement manager would in MC. The last couple of questions I can't really answer. Hope this info is helpful

Feb 23, 2018

Good things to mention to the hiring managers in case you get to the Super Day round:

Mention how BlackRock's FMA team was responsible for disposing of most toxic MBS after the recession.

Things to ask: Given the firm's size in terms of AUM, is your division still particularly nimble.

Those would be good things to mention. I work at BR.

Carl Van Loon
Van Loon & Associates

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Sep 14, 2018

Hi Carl, would you be open to me PM'ing you about BR as a whole? I have a superday with the FMA group soon

Sep 17, 2018

hello

Carl Van Loon
Van Loon & Associates

Feb 23, 2018

LOL already got rejected hahahaha. But I signed at citi.

    • 1
Feb 25, 2018