Ranking of asset management firms (not AUM)?

Obviously it's easy to rank AM firms in terms of their AUM which gives a glimpse into their standing, but how would you rank them in terms of their exit opportunities and overall prestige?

a bit harder to do across all asset classes but i'm speaking generally

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Comments (9)

  • Incoming Analyst in AM - FI
Mar 7, 2021 - 4:59pm

This is like, insanely subjective. This is more of a personal list of how I see it and is definitely biased but here goes?

T1 - Superior rep across multiple asset classes, big names

Fidelity, Wellington, BlackRock

T2 - big names, great performance in their core asset class

CapGroup for Equities, PIMCO for FI

T3- maybe not big names, but well known in their class/strategy and still incredibly prestigious names to have on your resume

DoubleLine for FI, Alger for Equities

Sometimes roles at a T3 are just as good as T2 or T1. It isn't remotely like consulting where there is a mostly agreed upon hierarchy of firms. And for an example, if you want to do fixed income, completely disregard the tiers because a place like PIMCO is considered one of THE places to be if not arguably the most prestigious FI firm.

  • Incoming Analyst in AM - FI
Apr 4, 2021 - 12:19pm

I'd put them at 2 and reclass CapGroup and PIMCO as 1.5 now that I think about it.

That said - AM IS NOT IB OR CONSULTING. A firm can be smaller AUM and less known name, and still be incredibly prestigious and MFS fits that bill.

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  • Analyst 1 in IB-M&A
Apr 4, 2021 - 12:25pm

Really curious about this...Why do many people consider MFS so prestigious even though it has a smaller AUM and is less known in comparison to the other shops? Is it just because they were the first to create/pioneer the mutual fund model before everyone else?

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