AM

I will be as honest as I can and will love hate or advice regardless what it is. I transferred to a target school a year ago as a junior, if you look at my post history it will explain everything. And after being there for a year I've slowly re-evaluated everything. IB was the most promising career...

30 Jul 2020

Hi Chimps, Just wanted to understand the difference in terms of job duties, between an Asset Manager vs Investment Manager? I've been offered an entry level position in an AM department for a large global fund, however my background is in Credit Research, and was hoping to apply some of my skills in...

02 Jul 2020

All: I'm looking for information on Capital Group. It is widely known as a top Long Only shop and seems to hire their investment analysts out of HSW (typically with 2+2 IB/PE backgrounds) and from top hedge funds. Specifically, looking for info on following topics: - org structure (how many...

13 Jul 2020

Hey Monkeys, WSO was a huge resource for me navigating through and eventually breaking into the AM industry. Thought I'd throw an Q&A for all the grinders interested at AM who aren't at target schools. Went to a small non-target school in Boston. When I say non-target...think smaller and less known...

11 Sep 2017

Which masters would would maximize my opportunities/Which one would you choose? Career-wise, after 2 internships in IB (Central-European MM IB) I would like to move towards either Consulting, PE, or AM/HF, which I know are miles apart from each other, but couldn't make up my mind until now. Thanks!

03 Jul 2020

If you had to choose between the following two offers which one would you choose and why? Alvarez & Marsal Valuation Services - Sr. Assoc. - 20-25% year end bonus based off hours billed. EY TAS - Valuation & Business Modeling - Senior - 10% year end bonus, however EY is offering 10k more on the base...

29 Nov 2019

I am currently a junior at a semi target school. Basically, summer analyst recruiting has been a shit show for me. So far, I've only gotten two OCIs, two phone interviews, and one superday in a variety of roles such as IB, corp fin, and AM. I've received no offers yet, despite thinking a few of them...

09 Dec 2017

Hey all, Looking for some advice on best next steps. I am currently in the process of interviewing for an off-cycle internship (during the Spring) that is semi-related to finance (they do modeling, and my role would be as a consultant). I have one concern though. My GPA is currently a 3.63, and by...

27 Nov 2017

I've done some research on A&M's restructuring group here and elsewhere, but wanted to get input from other members here. My understanding is that the restructuring business is top notch, and has a reputation for great work. Base pay seems below average, but the bonuses can be significant. As with...

21 Mar 2019

I applied to the Fidelity "Non-Tech Summer 2018 Internship" about a month ago and just got a Hirevue invite today. Is this their main summer analyst position? Does anyone know what the Hirevue is like? Here is part of the job description: The Purpose of Your Role -Participate in challenging work...

20 Nov 2017

Hello! As with most students right now, I'm trying to lock down an internship for this coming Summer and I am having a hard time. I'm interested in CRE finance, but studying Real Estate isn't an option at my school. I'm majoring in Finance and Economics with an unflattering 3.2 GPA from a...

13 Feb 2018

Hi, I'm applying to 2021 Summer Analyst IBD and AM roles in London soon, and would greatly appreciate any feedback for my resume/CV. Feel free to roast me I'll appreciate it all! https://imgur.com/a/jeeS8RP

08 Aug 2020

Hi Guys, just seeing if i could get some advice currently an Associate Director in Institutional sales (BD, F&E, insurance, etc) and a recruiter reached out for an AVP role at another firm. they are looking to push their WM funds/platform to financial/wealth advisors. i like the institutional world...

14 Jul 2021

Hello all, First post on WSO here & I just wanted to ask what your initial impulse is when reviewing my qualifications. Before I get into the details of my academics, I just want to say that I come from a lower middle-class family in the suburbs of Chicago and am a first generation college student....

15 Aug 2018

Hi everybody, I am going to be interning at a BB in AM/WM this summer and was wondering what the typical hours are like. I live in Queens when I am not at University so I am contemplating if it is worth it or not to get a place in the city

03 Feb 2020

Hello everyone. I'm 21, following a master degree in finance in a pretty good business school in France. I'm also a CFA level 1 candidate, since my school has a partnership with the CFA institute, I thought it would be good to leave the school with CFA level II(if everything goes well) I'll also...

26 Dec 2018

Hello, I have a 2.7 GPA at a non-target school, and am a sophomore. I am heading into a BB PWM internship for this summer, and I am concerned I will be completely blown off by firms when applying for Summer Analyst 2020 positions due to my low GPA and unimpressive university. I have an explanation...

21 Mar 2019

Hi everyone, I am a newbie to this forum. I got my phd (corporate finance) three years ago and currently am working for a big4 advisory service assisting banks on model validation/development based on regulatory requirement (e.g. CCAR, Basel). After three years I already lost interest on my current...

04 Jan 2018

I am a master student in finance writing a master thesis about asset management. How can I explain during an IB interview that my thesis in AM is an asset for an IB position? Thanks.

30 Jun 2020

Hi everyone, I'm a pending sophomore transfer student in BC, Canada. I've been reading WSO since the middle of last year, but recently my aspirations for banking has intensified, so here I am. I have two options to consider for September. Both of them are BA, specializing in some form of economics....

26 Jun 2016

So, for all those doubters who said I was moron for doing what I did: I have an interview set up with the Private Bank of a BB for their Analyst Program. This is widely regarded as the best Private Bank on Wall Street. The reason this position opened is because an analyst at this particular bank...

08 May 2009

the title is pretty straightforward. I am wondering why such little attention is devoted to the classic "bigger picture", aka macroeconomics on a regional / zone / global scale as opposed to the in depth diligence on all the things relating to the industry (sector demand/supply, competitive...

08 Feb 2016

Hello everyone, I believe I have been fast tracked to one of their offices but we haven't discussed whether it would be AM or CF. I am just wondering what you think about their AM (160b AUM afaik) and their CF (recent deals include Bidvest / Noonan - 175 m ll Blue Tree Systems / Orbcomm - 43 M). I'm...

29 Sep 2018

Hi guys, Just wanted to gauge opinions on the forum about junior year SA offers my friend is currently deciding between. One is Wells Fargo IB (either in Charlotte or NYC, location not secured yet) or JPM Asset Management (NYC). He long-term goal is to be an investor, and he's been in love with the...

10 Oct 2017

Hi, I am currently at a boutique consulting firm (~1 year of experience) and am looking to lateral into IBD in ~2 years. I am considering an offer for an operations analyst role at one of the CRAs (S&P, Fitch, Moody's). Although the role is in ops, I've been told by the interviewer that, with some...

07 Jul 2015

Hi Guys, I am between two offers. The first is for an internal wholesale gig, working for a highly respected investment management firm; the second is for an analyst position at a newly established RIA (AUM of ~200MM), where my functions would include placing trades, building portfolios, preparing...

26 Apr 2018

Hi all, I couldn't find much relevant materials on-line so I thought I'd post here. I'm in IB and a PE client is interested in (preliminary) discussions regarding a potential acquisition of a traditional asset manager (mainly equities and some fixed income). No talks regarding structure (i.e....

08 Apr 2018

first of all sorry if this is the wrong section but it was the least "wrong" in my perspective. basically i'd like to know which are the mostly used platforms in ER (buy and sell side) and AM (which i know are a bit different as for the needs in terms of data). i have read many topics on the...

13 Aug 2014

Hey guys, I was wondering how would you compare M&G Investments internship vs BB (Citi, DB, BAML) internship? They hire a couple of interns throughout the year and I was wondering if they would stand out on my resume better than job at BB. (I assume that I would be doing a front office job at both,...

11 Jun 2012

I am Director at a 3bn USD AM boutique shop covering a niche growing sector, located in Europe. I am having a strong quant background (phd). I spent 4 years doing applied research in academia (stochastic modeling with applications to finance) and then joined the shop I am currently working at. We...

31 May 2014

Has anyone heard back from T Rowe Price, MFS, or PIMCO about SA apps? Seems like AM firms recruit much later than banks. Are there any other notable SA programs I should look into? In particular, has anyone heard back from PIMCO/ know what their timeline is like? They claim they don't start...

27 Nov 2017

I am currently working as an intern for the summer at Morgan Stanley doing equity research. I am interested in IB, however and would prefer receiving a full-time offer in their IB division (still at MS). Hopefully, I can recruit during the summer for IB if the firm provides that opportunity. Would...

28 May 2018

CHIEF FINANCIAL OFFICER... A totally different kind of career path from what us WSO monkeys normally dream about... but certainly a VERY attractive job, especially if this is possible when you're only in your early or mid 30's. There are many skillsets an investment banker or a private equity...

25 Jun 2013

I have a superday interview with a BB AM in a few days. They told me they are looking at 10 candidates during the superday and will make 2 offers. The only time slot that was left was the last one of the day (4:30) so I got stuck with that. Will this put me at an advantage or a disadvantage? I have...

18 Oct 2012

Hey guys -- I'm a current junior at an HBCU (Morehouse-Hampton-Howard) and I took three years off before going to college. At the time, I was a big dummy & didn't know what I wanted to do after high school. Held a bunch of odd jobs until going back at 21 years old. I will graduate in the spring of...

13 Jul 2012

How difficult is it to get a seat at one of these places out of MBA? I assume they only recruit out of the M7 programs but even than, how long are the odds? I'm thinking about going back to school with the intent to pivot to a Top AM firm but I don't have a good grasp for the recruiting process. For...

15 Jun 2014

Hey All, I've read a lot of topics here and I know some of you guys are way more knowledgeable than I am when it comes to IBD vs AM and specific firms. I've got a specific question I hope you guys could help me out with. What are your thoughts on compensation/exit opps/the street's view/etc. on...

22 Sep 2011

I will finally graduate undergrad in May 2013! It's been a fun journey, and I feel I've done a lot of growing up. I effed around after high school then realized I actually wanted to provide a decent lifestyle for myself and future family, and the hard work needed to get there is more than totally...

19 Aug 2012

I'm planning on completing my CFA Level I before graduating undergrad in May of 2013. According to the CFA website, you must: "Have a bachelor's (or equivalent) degree or be in the final year of your bachelor's degree program at the time of registration" Does final year of your bachelors degree...

17 May 2011

Curious to know what the exit opportunities for a Treasury Analyst are. I'm being recruited for such a position at the moment. I am a CFA level 1 candidate, and have a background in equity research, corp fin and consulting. One of my Father's friends was a big Asset Manager and several top BBs in...

13 Oct 2012

Hello fellow monkeys, I was fortunate enough to be given a chance to interview Deutsche Bank DWS's Asset Management summer analyst position in Chicago. This is my first investment banking interview so any advices will be appreciated. I go to a non-target school and I major in accounting and finance...

05 Mar 2011

My background - I am a rising senior at a non-target (Iona College) with a 3.6 cum, 3.7 major GPA (Finance). I am entering my 3rd year but am a senior because of excess credits and am able to finish a 4-year program a year early. Currently, I'm interning as a Finance Project Managerment intern at a...

07 Aug 2017

Might seem lame to most but I'm just an accounting type of guy. Could anyone give their 2 cents on audit opportunities in bb vs big 4? In terms of salary and exit opps mostly. Also how does someone land an internal audit job at an investment bank? Most banks aim their recruiting for those trying to...

05 Nov 2012

Hey Guys, I am a junior at a semi-target (one BB recruits directly from my school.) I would like to pursue an SA IBD position at a BB or a MM (prestige isn't a concern, exit opps slightly are.) I have attached my resume, in your opinion do I qualify for a BB or MM SA internship? My second option is...

03 Nov 2014

I am a senior finance student who was unable to get an Asset Management analyst job. I have received multiple sales offers as internals for top AM firms and want to know if a couple years in AM sales would hurt my chance at a top 25 MBA? My ultimate end goal is Asset Management after school. Plan to...

15 Apr 2017

I'm planning on sitting for CFA® L1 in June 2012 after year 1 of B-School. I won't be able to register for the test until this July or get the new CBOK till then either. I want to start studying right now though. Does the test change that much (or at all) year over year? Should I just pick up the...

05 May 2011

Is this part of AM? what position this might be at a BB? "We are in the business of helping our clients better manage their working capital and overall balance sheet, as well as the trade/letter of credit and security side of their day to day operations. you need to have a strong work ethic and very...

18 Mar 2010

It's my understanding that many people spearhead their efforts and pursue both opportunities as they're somewhat related. Often one, or the other ends up being the fall-back in the event that things don't go as planned. Looking to hear from some folks that went into ER knowing solely that they...

08 Sep 2013

Hello all, Any career advice would be appreciated: I have about 7 years in the industry working in prop trading and as an advisor for the world's largest RIA. I've won multiple awards, been a top performer at my firm and have been pulling in about 250k / year for a while. I took a VP job at a small...

04 Feb 2016

This is my first post on WS so apologies if this is a ridiculous question. Im just looking for some insight into possible career moves for myself. Currently I'm a recent graduate from a top 15-20 UK Uni with a First Class degree in Econ. Since graduated I've been working at one of the larger...

30 Dec 2015