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are you still in school now (it seems like you are from your previous posts)?
It doesnt make sense because associate analysts at t rowe are mostly hired from people who just finish their two years in IBD or with some experience in ER...
anyway it's pretty much ER
Yes still in school. I cant really see how it would be much different than ER especially at the Associate level.
bamp
... am I wrong in thinking the ER naming of the hierarchy is different than ibd?
Associate Analyst = Analyst in IBD
^ It is entry level, so this makes sense
Title is meaningless, it is entry-level. Basically buy-side ER. A lot of fundamental analysis, studying investment ideas for PM. You might start out covering a few companies, then a specific industry. Very nice people, very laidback culture.
T Rowe, you must be in B-more kid
Legg Mason and T Rowe both Baltimore based asset managers both are solid.
Thanks for the heads up guys. I really want this job so wish me luck. I am going to be a little more laid back if I can manage it since during most of my interviews I have high energy, and I'm afraid this turns people off.
Bmore is a shit stain on my calvins
cool story cowboy, got any others?
bump - any new info?
We do a lot of business with T. Rowe. They've got good analysts and the large cap team is excellent. What you need to know?
Thank you - I'm interested in if the Associate Analysts are in fact entry level / if they are mostly people who have just finished their two years in IBD as people mentioned above.
Also interested in compensation, career progression (can you "graduate" to the post-MBA position role that usually recruits out of top b-schools?), lifestyle / hours - really any information would be helpful.
Yup. The Associate Analyst role is typically entry level, pre-MBA. Compensation is probably comparable with IBD on a salary basis, hours are better though (50-60, maybe a little higher during earnings) and bonus correspondingly lower like any other AM. I know T Rowe, like above poster said, is meritocratic and some guys there moved up through that Associate Analyst program without going to MBA. They are really big on the CFA, that much I know... not sure why but they stress the CFA a lot over there. You'll learn a lot there and I'm pretty sure placement/exit-opps is great too, probably on par with other top AM firms and best into equity HFs as you'd expect. Overall a great place as long as you're cool with Baltimore, and they are very laid back and a bunch of pretty normal dudes. Athletics are a big plus with them too, the guys I know are athletes, and the PMs I know are all Wharton MBA.
I know some alumni from my school that work for T Rowe. They were hired straight from undergrad into the Equity Research Associate Analyst Program. One of them was just recently promoted to Equity Research Analyst and he only graduated in 2006 (granted he is a rockstar). I'm not sure about total compensation, but entry level salary is around street (~75-80k). I've heard that the culture is very meritocratic, so it is possible to move up the ladder without going back to b-school, but you definitely need to get CFA before you'll move very far.
these guys are sticklers about pay, think there is no reason for a kid under ~26/27 to be making much over 110/120
I'd look into the CFA during undergrad if you're really serious about it. They like it but only from a marketing POV. all the PMs think its bullshit but management pushes it on everyone (even Harvard MBAs hired as full Analysts that graduate without one)
make friends with your brokers, that is your best ticket out
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