Lifestyle/Hours at different Asset Management groups?

patrick99's picture
Rank: Chimp | 8

I am an undergraduate student looking to go into Asset Management, and I wanted to get some insight on the culture/lifestyle/hours at different AM firms. The most important thing to me is that I have a good work/life balance...I don't mind working a 70 hour week every now and then, but I don't want the hours to be anything close to investment banking. My resume could land any interview (top business school near NY), but I want to make sure I enjoy my work. What are great AM firms to work for that have solid pay and don't work you like a dog? Any breakdown or info on hours at different AM firms would be appreciated.

Comments (8)

Jun 24, 2016

I work in Fixed Income research for a major asset manager and the hours are 50-60/week. PM me if you want detail on firm/pay.

Jun 25, 2016

The work/life balance at all the major asset management firms would be reasonable, i.e. ~60 hours / week on average. The hours can be a lot higher at hedge funds though. Personally I think AM has the best mix of pay and lifestyle on the street.

Jun 27, 2016

Hey guys, new here as well. I was wondering what the recruiting process for AM is like for an undergrad. I understand recruiting for IBD requires a lot of networking, cold calling and emailing etc.; basically the whole M&I stuff. Could anyone shed some light as to how the process is for AM and whether cold calling/emailing etc. is needed?

Jun 28, 2016

I received my gig through a connection of one of my college's trustees and was fortunate enough to have that in. Networking is always a great bet. It's a little tougher to break into right after undergrad but always possible if you make the right connections. From my experience, it was a lot less conventional than IB and I went through several back doors. I had went through IB and S&T interview processes prior and AM was almost exclusively about fit.

Jan 8, 2017

It's a lot less structured and you'll need to rely more on connections you have.

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Jul 12, 2016

First off, I'll agree that the work/life balance in relation to compensation is pretty favorable in AM. If you really want to find a shop that allows a decent lifestyle, I'd say look for smaller boutiques that focus on fundamental analysis. Where I work we hold our companies for 5+ years on average and have about 10% turnover so the day-to-day stuff isn't terribly important. Just keep on top of the companies in your pipeline and you're good!

Jan 8, 2017

In the same boat as OP here. I'm hoping to work at a GSAM/BlackRock/Welington but I often here places like BlackRock PMG will work crazy hours where as a GSAM Relationship Manager or Research person might not work as much. Is there really a lot more variability in hours for each group and is it accurate to assume that I would work roughly 60-70 hrs a week?

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Jan 8, 2017