Coming out of a semi-target, how exactly does one break into the buy-side (i.e. from undergrad)? Do funds or AM divisions have junior analyst or rotational programs? If so, what is typical comp?
Of course CFA level 1 would help, but what about staying a year after undergrad for an MSF?
Also, could someone give me an overview of how AM works outside of mutual funds, hedge funds, pension funds - likeAM or other AM firms differ from "funds" and such?