know nething bout Wellington? T Rowe? MFS?

we all know about fido, PIMCO, etc...same old same old.

but ever worked at/know something about working at these companies?

Wellington - private company with 400aum

t rowe - supposedly one of the "top 25"

mfs - supposedly "invented" the mutual fund

Comments (15)

Feb 23, 2011

They value proper spelling and grammar. I don't mean to be an ass, but lack of capitalization, punctuation and overall attention to detail makes me think you don't really give enough of a shit to take the time to write something that's easy on my eyes.

To be fair, I can't answer this question, so maybe someone who can will step up for ya.

Feb 23, 2011

MFS has a place in history but they're pretty small in terms of AUM compared to the other two. MFS doesn't offer undergrad internships and they hire only a small pool for FT. They usually like to see people do 2-4 years as an associate in equity research before doing an mba. not many opportunities to jump into portfolio management pre-mba

Feb 23, 2011
maximus307:

MFS has a place in history but they're pretty small in terms of AUM compared to the other two. MFS doesn't offer undergrad internships and they hire only a small pool for FT. They usually like to see people do 2-4 years as an associate in equity research before doing an mba. not many opportunities to jump into portfolio management pre-mba

FYI i know this through an on-site interview for FT

Feb 23, 2011

I always knew MFS and T-rowe were top notch, but definitely interested in hearing about Wellington. I had someone recommend them to me today actually, and didn't know anything about them.

Feb 23, 2011

All 3 are good places to start. I would say Wellington/T Rowe are better places to have a career than MFS.

IMO, Wellington and T Rowe are amongst top 5 - 10 in terms of prestige in the traditional AM industry.

I see a lot of college students falling to the misconception that AUM = prestige. It is correlated but the relationship is not automatic.

Sure you have the big AUM firms that are prestigious, like BlackRock and PIMCO, but then you have the ones that are nothing more than enhanced indexers (I know I know every traditional AM firms do a lot of indexing) like Vanguard. For instance, I would work at T Rowe or Wellington any day than work at state street or vanguard despite the smaller AUM, but I would give my left nut (ok I won't) to work at PIMCO.

If you have more questions, feel free to post here.

Learn More

Boost your resume and land a finance job by passing the FINRA SIE. 264 pages & 1981 smart flashcards written by a former 8X top Fidelity instructor. Try it for 0 bananas here.

Feb 23, 2011
What-to-do-What-to-do:

All 3 are good places to start. I would say Wellington/T Rowe are better places to have a career than MFS.

IMO, Wellington and T Rowe are amongst top 5 - 10 in terms of prestige in the traditional AM industry.

I see a lot of college students falling to the misconception that AUM = prestige. It is correlated but the relationship is not automatic.

Sure you have the big AUM firms that are prestigious, like BlackRock and PIMCO, but then you have the ones that are nothing more than enhanced indexers (I know I know every traditional AM firms do a lot of indexing) like Vanguard. For instance, I would work at T Rowe or Wellington any day than work at state street or vanguard despite the smaller AUM, but I would give my left nut (ok I won't) to work at PIMCO.

If you have more questions, feel free to post here.

Out of curiosity, what would be your top 5?

Feb 23, 2011
KarateBoy:
What-to-do-What-to-do:

All 3 are good places to start. I would say Wellington/T Rowe are better places to have a career than MFS.

IMO, Wellington and T Rowe are amongst top 5 - 10 in terms of prestige in the traditional AM industry.

I see a lot of college students falling to the misconception that AUM = prestige. It is correlated but the relationship is not automatic.

Sure you have the big AUM firms that are prestigious, like BlackRock and PIMCO, but then you have the ones that are nothing more than enhanced indexers (I know I know every traditional AM firms do a lot of indexing) like Vanguard. For instance, I would work at T Rowe or Wellington any day than work at state street or vanguard despite the smaller AUM, but I would give my left nut (ok I won't) to work at PIMCO.

If you have more questions, feel free to post here.

Out of curiosity, what would be your top 5?

I would preface this by letting you know that it is hard, and pointless to "rank" firms. But if you ask me, my top 3 on the traditional side are definitely PIMCO, BlackRock, Fido. After that there are a band of 5-6 on the same tier, which T Rowe and Wellington fall under.

Feb 23, 2011

T Rowe's locations are kind of weird (colorado springs, tampa, hq in baltimore)...but maybe that's refreshing

I agree that large AUM like vanguard doesn't mean the best. I don't ever want to work there.

Any other thoughts from people that have worked at these places?

Feb 23, 2011

I believe the entire investment team of T Rowe are in Baltimore. They have all the operations and accounting team in a nearby suburb (don't remember exactly where, the name is something Mills). I think other satellite locations are just retail investor services type of location, similar to a Merrill Lynch PWM office in southbend indiana. Don't think those are corporate offices. If memory serves me right, Legg Mason is also headquartered in Baltimore.
T Rowe's founder is the known as the "father of growth investing"
Either way, their investment team is top notch, and they hire very exclusively at top MBA programs with a few undergrads sprinkled in. They have a culture of growing their own talent (this is just hearsay, I could be wrong) and most of their PMs come directly from within.

Feb 23, 2011

if you're lucky(?) enough to go to school at Northeastern or BC(possible) you can score a co-oped 6 month job at MFS.

Feb 23, 2011

Prestige? I would LOVE if someone could explain to me what the point of Prestige of saying you working in an AM or BB or anything for that matter. Just so you can go to the internet and swing your E-dick around? other than that I really don't see the point of factoring prestige into a decision... if you A like the people b like the location C like the pay but the prestige isn't good are you just not going to take the job?

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

Feb 23, 2011
blackfinancier:

Prestige? I would LOVE if someone could explain to me what the point of Prestige of saying you working in an AM or BB or anything for that matter. Just so you can go to the internet and swing your E-dick around? other than that I really don't see the point of factoring prestige into a decision... if you A like the people b like the location C like the pay but the prestige isn't good are you just not going to take the job?

By prestige, for lack of a better word, I am using it as a barometer for pay and the investment skillset you would gain.

Feb 23, 2011
What-to-do-What-to-do:
blackfinancier:

Prestige? I would LOVE if someone could explain to me what the point of Prestige of saying you working in an AM or BB or anything for that matter. Just so you can go to the internet and swing your E-dick around? other than that I really don't see the point of factoring prestige into a decision... if you A like the people b like the location C like the pay but the prestige isn't good are you just not going to take the job?

By prestige, for lack of a better word, I am using it as a barometer for pay and the investment skillset you would gain.

so then why wouldn't you say pay and skills you learn on the job? because prestige as a word has a meaning... you can't just change it... well you can but it wouldn't make sense.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

Feb 23, 2011

lets not argue just for the sake of arguing blackfinancier

sounds like mfs and t. rowe are good but hard to get recruited into. any ppl from wellington?

i've seen recruitment for mfs on the harvard campus so im sure its not just northeastern and bc. but maybe they only recruit from certain schools

Feb 23, 2011
Comment