How many hours does an Asset Management Analyst work?
I'm an undergrad considering IB or Asset Management and I was wondering how many hours an analyst in asset management works a week.
over 9000
Heavily firm and group dependant, there's almost no standard parameters. Some are 9-5, some are 7-7, others are almost IBD hours.
What firm? What group?
PIMCO, Blackrock, Cap Group. Those are my top choices and I'll be trying to get internships next summer.
Asset management is a lot less standardized, but in no cases is there as much face time required or unreasonable deadlines as in IB. Also, you generally don't work weekends. That said, it's hard to take time "off" because of news flow/events. Earnings season are much busier, but at least it's predictable. On average, I'd say you're probably working 8am - 6/7pm ish.
At pimco I'd say depends on desk, but think you're working pretty long, maybe 6/7am - 8/9pm-ish, probably less at BLK . Don't know about Capital, I think they travel a fair amount, I'd expect to work 12 hrs / day. As an intern anywhere I'd be prepared to put in 14-15 hrs / day and weekends to try and get that offer...it's worth it.
It will vary. Def a lot less than IB, but you should expect 50-60/wk on avg.
Do any of you know how competitive it is to get a SA/FT job with one of the aforementioned firms?
at pimco, you work the longest hour and get paid the least buck
Pretty competitive. I know first hand having either worked or known someone to work for all aforementioned firms.
That said, it also really depends on what area you're trying to get into. BO is still tough, but not as tough as other roles. For the better roles, you either need to know someone to get a foot in the door or have top stats.
What are your stats? I can prob give you a decent idea of your chances.
PM/quant research here, 50 on a light week, 70 in my worst weeks on the job. def less bullshit hours than my sellside roommates. depends on group+culture
I'm transferring to a non-target in the fall. I have a 3.7 and I have an internship with Metlife Wealth Strategies Group this summer. I'll be majoring in financial mathematics and statistics.
Capital will be extremely competitive - from a non-target nearly impossible unless you have good connections. PIMCO depends heavily on the role. If you want to be in the PM group it will also be extremely competitive. Product slightly less so, and Account will be the least competitive but still no walk in the park - be prepared to talk extensively about macro for any of these. I have no insight on Blackrock's process. If you're on the west coast I'd recommend broadening your search to some other shops; Franklin Templeton, Brandes, Hotchkis & Wiley, Western, and Dodge & Cox (also super competitive) all have great groups.
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