What exactly makes it immensely difficult to break into AM on the junior level?

I haven't applied to AM in undergrad but trying my luck through a master's degree (in London). I'm not acquainted with how the process works, but I can imagine it's more tedious than IB recruiting (like evaluating personal investment skills through profound tasks etc). So then my question is, is the process itself extremely difficult to master or are applicants largely uninterested?

It's really hard to poke at the skills of hoards of dedicated students, so I'm excluding this possibility. Would really appreciate any help here!

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Comments (2)

  • Associate 1 in AM - Equities
Aug 23, 2021 - 1:18pm

There are so few seats available because they open up on an as needed basis and nobody wants to leave. There is no structured cycle for recruiting unlike other areas of finance and there is tremendous amount of interest for these positions.

Often times, these companies need to screen applicants before they actually make it to the interview phase. This is usually done through networking with investment pitches that show candidates are actually interested and already skilled enough to do the job effectively.

  • Intern in HF - EquityHedge
Aug 29, 2021 - 4:03am

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