Just wondering what you think holds for the industry, with so much money moving to indexes and ETFs? Should anyone 22 even consider starting in this industry?
09 Jan 2021
Hey, I'm from the UK, final year at a semi-target (Warwick, Durham, St Andrews) on track for 1st/2:1. I didn't get a SA position last year but should be doing some work at a relatively small PE firm this summer and I've done some AM placements previously (also at smaller firms though). Does anyone know my chances at getting an FT position at a BB or MM for AM / WM for next year? Also, have been looking a bit at corporate banking at firms where it's a bit more under the IB umbrella e.g. Citi, would this be an easier goal? Thanks.------------------------------------------------------------------
22 Mar 2021
Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 10/1/12. I occasionally get PMed by people at colleges I've never heard of before, asking if they have a shot at IBD. Folks, why IBD? The finance world is broad and varied, and there are a million ways to make a buck. Why pick the one that's going to be hardest for you in your situation? There are mutual fund companies, asset management companies all over the damn place. Hedge funds. Auxiliary businesses. Those folks will look beyond the name of your institution and your GPA in the hunt for quality. Why knock on the door
20 Aug 2015
This thread is for undergraduate students currently applying to the JP Morgan's 2018 Winning Women events in NYC and Chicago. Feel free to follow and/or post if you're in another division as there might be similar recruitment timelines. JP Morgan Winning Women Overview JP Morgan's Winning Women program is a one to two day program held at offices around the United States for different divisions of the firm. This program helps connect promising sophomore and junior candidates to different divisions of the firm by giving them an education and in some divisions also offers students the chance to
23 Dec 2017
-How is it in regards to hours/pay/exit ops? Is there travel? -I'm equally interested in debt and equity, which one is more established and has better exit ops?
03 Sep 2019
Currently very interested in emerging market equity / debt AM and at the moment I am working in SS ER in EMEA equities. I was wondering if anyone had any insights into: 1. landscape of emerging market AM - do larger shops have an advantage vs boutiques? 2. If you work on developed markets SS ER (EMEA/US) can you move easily into EM roles on buyside straight away or is the journey longer? 3. Language wise apart Chinese, which languages are considered useful - I imagine Spanish for LATAM but what about MENA / India etc - would English be fine?
08 Oct 2020
Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 10/17/12. To see all of our top content from the past, click here. Deciding to Recruit For the Buy Side Most of my friends are going into banking. Not because pitch books and road shows are their thing, of course, but it opens a lot of doors. 100 hour work weeks, camaraderie in the form of all-nighters editing PowerPoint slides and sharing Seamless meals, and having no skin in the game never really sounded appealing to me, but I guess to each his own, right? Needless to say, it turns out I'm not the only one who's not
17 Dec 2015
Does anyone have any questions/insight into the Hirevue questions for JPMorgan Chase SA 2019 Asset Management in NYC? I'm assuming its behavior, but since this is my first hirevue-no clue. Also, is this a first round or still an initial screening type of process (automated or does it mean something?). Thanks
25 Sep 2018
A head-hunter recently reached out to me about an Investment Analyst role within the Income Research team (infrastructure coverage) in one of the larger AM funds. He tells me that the base is "up to £100k" and the bonus is "minimum of 100%, with potential up to 250%)". This role is based in the UK, but NOT in London. Is it just me or is this excessively high? Is he pulling my leg here or is that bonus realistic? For background, I work in Infra / Energy Private Equity and this is my first encounter with Public Equities so I really don't know much about the comp, but given that I am only at the
21 Apr 2021
I just received a full time offer to join a large (yet slightly unknown) insurance firm's Investments team in NYC. the starting salary is on par with "high finance" in NYC and I'm not entirely sure what bonus compensation looks like, however I am a bit worried about if working for an insurance firm will have any negative consequences on my future? I go to a non-target school in Washington so even receiving an offer to join the buyside in NYC straight out of college is big for me, and I know investments and AM is what I want to pursue, but i have been recommended by a few of my peers and alum
01 Oct 2020
Hedge funds get all the glory... and now they're even going to get all the press, courtesy of the JOBS Act, and I'm more than excited to see who thinks they actually need to advertise to bring in the flows. However, while a hedge fund is structured to make one man insanely rich and a few others relatively wealthy, the Asset Management business has a much wider set of financial outcomes for its employees, and even more for its owners. The purpose of this article is to give you guys an idea of what the business itself really is when we say an Asset Manager or a Hedge Fund. I'll try to go over
08 Jan 2014
Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 3/24/13. So I've seen a few posts lately asking about mutual funds, Asset Management gigs, and alternatives to the sell-side out of college, and hopefully my experience taking the asset management route to hedge fund rather than banking can help people get a better idea of what the expectations will be like. Top Asset Management Firms To Work For I'll be clear early on, I worked at the type of asset management firm that's tough to classify. I like to consider this class of AM firm as a "top asset manager" or a "boutique
22 Oct 2015
(I am a current junior at a non target, but I got a 4.0, diversity, 2 years in financial mgmt and I am applying for 2021 Summer Analyst Positions) Yesterday I had a call w someone whose a VP at a Top Tier Asset Management company and at the end he told me to apply there and he will help me get my foot in the door. However, after I filled out the resume I can only submit it to two teams and their are like 60 possible teams to apply for and I am not sure what is considered the top in AM. I want to make sure I apply for a front office job where I can work long hours, get great experience and do
26 Sep 2020
Hi all, I'm struggling to pick between Asset management or Corporate Banking for a career. As far as I can tell, both work very similar hours. I was wondering which has better salary (people tell me that the asset management salaries get alot higher further up the ladder apparently) and also which has the better exit opportunities. Assume the corporate banking job would be part of the investment banking arm (like JPM, Citi, Scotia etc.) Would love to hear from people already in either areas of work about their experiences. Cheers.
18 Mar 2021
I have an offer from a top asset manager (Blackrock/Fidelity/Wellington) for a fixed income research associate role. I initially wanted to go into equity research although prioritized ending up on the buyside over staying in equities. I do find fixed income just as if not more interesting than equities, although am concerned that FI research might leave me with limited opportunities if I want to leave AM, especially since the role deals primarily with investment grade debt. Will it be far more difficult to exit to a HF coming from FI research as opposed to ER? Also, what funds or strategies
25 May 2021
What's up everyone, first time post here. So to summarize, I currently work at a large real estate firm and work as an analyst in their multifamily department. My job mainly entails managing a large portfolio of mortgage loans and monitoring/reporting their operating statistics, as well as analyzing their cash flows, balance sheets, etc. Some site inspections and I may be getting the life co. loans in my portfolio pretty soon. But overall, pretty basic work once you get the hang of it. This is my first job out of UG and I took it because of the company's size and resources. I want to continue
09 Jul 2018
Hey Guys! Here is a discussion on the J.P.Morgan Summer Analyst program 2020. I'm currently under consideration for 4 emea positions. Do you guys have any update on superdays or interviews?
16 Sep 2019
Curious to know if anyone has experience recruiting for this group at GS? Seems like they're more involved with social impact, so I am wondering whether the interview process will differ from the other groups encompassed within the Asset Management Division.
24 Feb 2021
Hi All, I graduated from a non-target school on the west coast but I networked my ass off and was able to get an offer from MM IB in NYC (I would say mid-tier, well known bank). I'm in a P&U coverage group and I really enjoy the sector (reading about it, learning about the industry drivers etc). The deals that we do are extremely asset heavy and very repetitive (in the end it's just about generating power and basically revenue and expense lines are always the same). Due to the repetitive nature of the deals I know that at some point the work will become boring even if I switch to the buy side
02 Jul 2020
Hi everyone! I'm applying to summer internships next year and thought it might be useful for me and others to find out which divisions are the most difficult to get into. What do you think? The divisions (randomised) are... - Risk Management - Asset Management - Compliance - Private Banking/Wealth Management - Equity Research - Corporate Banking - Sales and Trading - Investment Banking Looking forward to your responses!
13 Mar 2021
Hello everyone, I am a South American student in my final year at a target uni in London and I currently have 2 full time offers and I am stuck and do not know which one to choose. The offers are: 1) A full-time offer from an elite boutique (Lazard/Rothschild) where I would be doing a mixture of restructuring and M&A in the London office 2) A full time-offer at an asset management fund for a rotational graduate programme in PM tracks and Equity research tracks, also in the London office. The fund is large with more than €400bln in AUM and more than 16 locations worldwide. My career goal is to
16 Feb 2019
Sup guys, trying to figure out which offer is better and will set me up better for my career aspirations. I am two years in the workforce (1.5 years since I received my degree) and have been involved in the asset management function of a brokerage (JLL/CBRE) for about 20 months. Long term career goal is ideally REPE acquisitions (of course), but have no qualms about working at a debt fund or something similar. 1st: Production Analyst - boutique CRE firm (NYC), covering all asset types with bridge, conventional, and agency debt products. Good benefits, pay in the 70-85 range, overall I think
23 Aug 2019
I work at a large MF in the Northeast as an internal wholesaler. For those of you who don't know what that is, it's basically inside sales. I make outbound dials to financial advisors to sell them our mutual funds among other things. I have over 4 years of work experience and am going for Level II of the CFA Program. Because I tend to read Q&As the most on here, I'm paying it forward with one of my own. Ask away.
27 Jan 2015
I just stupidly bought another Saville Row suit in preparation for upcoming recruitment in Asset Management at the associate level. I am just thinking from previous experience that I was maybe too dressed up when wearing similar suits and applying for analysts positions. I get the impression that the MDs I was meeting to network, took me for an idiot/flashy git only interested in money and the trappings of being an IBD banker. So I am annoyed with myself because, I had wanted to buy a reasonably priced suit for circa £450 but impulsively bought a more expensive £2,000 one instead (it was just
16 Mar 2019
I have received an offer from a top Financial Services and Asset Management company, but would have to work in a country where the Currency is very weak (1/3 over USD). What would you do? What is your opinion? Would it be smart to accept the offer, work in that office for at least 1 year, see how it goes, and then perhaps propose to be relocated to a bigger office, stronger currency? PS: I am a master graduate (graduated in Dec 2020) with some work experience in management and investments (part-time and startup) but no previous internships. Cheers!
01 Feb 2021
As requested by @MBAGrad2015" in my previous post (about GSO) and several other users who pm-ed me about BAAM, I decided to start another "demystifying" thread - the Blackstone's 2014 Hedge Fund Solutions (BAAM) overview. All is based on few recent presentations that I was able to gather. Again, I'd like to use this thread as an invite for other monkeys with more valuable info, so please feel free to chime in. Hope some of you guys find this useful. Don't forget to check the attachments. BX PRINCIPAL INVESTMENT BUSINESS - Largest discretionary allocator to HFs in the world + over $20 bn larger
29 Jun 2015
So I want to do equity research. I know that there is sell-side and buy-side and, so far, I have a few distinctive arguments for both (see below). What I would really appreciate to find out is your views in terms of the experience quality that both offer. P.S.: Not trying to touch on things such as pay, promotion chances, job security, etc. Just arguments pro- and con- for someone that just wants to do genuine equity research. Obviously those count, but trying to leave them aside for now. sell side vs buy side ER There are numerous differences between working on the sell side and buyside of
09 Mar 2018
I recently had a call with one of the mentors from Wall Street Mentors. He was a nice guy that after answering a few of his questions he seemed inetersted in my profile. I didn't message him to talk about helping me get my next job but about what I could do to reach my end goal of working in Emerging Markets Asset Management. I chose him based on his similar experience (he did EM PE for a BB) and I'm glad I did. He advised me that getting a job that would train me in financial analysis/modelling is a must (so IB, ER, Buyside Research), and to cater myself as an EM specialist on my resume/networking as much as I can.
18 Jul 2012
Hi monkeys - anyone know about companies like Pagaya, Square, Venmo, BlockFi, etc. Have a corp. strategy role lined up (associate level) with the opportunity to be promoted to PM style role within 1-3yrs. Do these types of shops have a good reputation or good exit opportunities if I decide it isn't up my ally? Thinking I want to transition to tech-focused VC in the next few years and not sure if adding this to my background would be valuable to VC's combined with my few years working at tech startups in a strategy/operations role.
07 Jun 2021
UPDATE: Any questions related to AM in the United Kingdom. Hi everyone! i will be applying for graduate positions (AM mainly) soon and was looking for a good guide or any other material related to SPECIFICALLY the United Kingdom job market. I will be a final year student in a semi-target (kinda) university with some good names on my CV. Also, is the WSO IB guide still relevant to UK (because of the different nature of interviews). Thank you!
26 Jun 2018
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
Lets disregard pay for now. Which job did you think was more fulfilling? Reading through previous posts it seems to me that people that got into PE were left disappointed because instead of real "investing responsibilities", most of their time was spent on managing deals. As for AM, there's not a lot of info about that here.
29 Jul 2020
Hey y'all, I am interested in learning more about the exit opportunities for AM. I was wondering are they typically HF or PE or neither? I know there is an existing list however, it is old as hell. Also, say you are at BB for your AM position. Thanks!
28 Feb 2021
Hi everyone! :) I am a Spanish graduate student attending an Ivy League university in the US (think Wharton/Columbia/Yale) studying finance and economics. I know I want to work in the Buy Side but I am still unsure if I should do AM or PB. I appreciate work/life balance and I would like to work in EU (UK/ Spain/ Switzerland) after graduation. I have two interesting offers for this summer and both have pros and cons, so I am not sure which one to choose, given that both want me to intern with them on July-August. The positions and characteristics are the following: 1. Dodge & Cox -
26 Jan 2021
I currently have three offers for this summer, Wholesale Payments at JP Morgan, Public Finance Investment Banking at UBS, and Account Analyst (aka a general alternative investments intern) at PIMCO. My number one concern is not necessarily working in investment banking, rather I want to intern somewhere that will give me a variety of skills and leave a lot of doors left open in terms of exit opportunities. Since I am not 100% certain in what I want to do, I want to leave myself with options. Which of these three internships do you believe will allow me to do that?
22 Nov 2020
I'm currently an Equity Research Analyst at a small Asset Management company (USD ~1bn AUM) based in an emerging market, in a city other than the country's major financial hub. I've got into the firm straight out of undergrad (top tier non-target) to work as an Execution Trader and performed this role for 1,5 years, then switched to Equity Research (I've been doing this for 1,5 years now), covering different sectors for our long-only equity funds. Meanwhile, I managed to pass CFA's Level 2 test. The main issues with the place are: 1) Pay is very low - it pays very poorly even when compared
01 Mar 2020
Hello monkeys, I will soon be starting the Masters in Financial Analysis program at London Business School and I am looking for some advice to break into BB ssset management. I recently spoke to an MD at JPM Asset Management and he told me that "coding is the new English", he also mentioned that I should be able to use Python to do all the work that I would typically do on excel. In view of this should I study Machine learning and coding elective while pursuing my MSF? I am currently working as a Data Analyst with The Economist Group, and my role is very quantitative. I do model building and
22 Feb 2021
Brief Background: Based in Southeast Asia Started in a SEAn monetary authority to asset management, to a PE for internship, to boutique IB. Currently an independent M&A/capital markets adviser Privately handling family office matters Example of deals done: Arranged a preferred equity financing for a residential building Advised (sell-side) on the sale of a real estate asset to a logistics company Advised (buy-side) on the acquisition of a distressed 1,600-hectare asset Arranged a joint venture deal of a family's 100+ hectare property with luxury global hospitality developer Arranged debt
22 Aug 2019
Could anyone describe the process of a REIB interview? Whether from personal experience or flat out knowledge. I have my initial phone call this week with a VP at a global asset management firm in their investment banking division, focusing on real estate. I have never interviewed at a bank before, let alone a REIB position, so I am completely lost. Anything I should expect for this call with the VP? Do you think it would be the typical resume walk-through or would you think he would ask me some technicals right off the bat? I know it's early in the process, but I am trying to gain as much
26 Mar 2019
Hello guys I'm a current Secondary Mortgage Market Analyst (2 years). I graduated from a non-target school and I am currently working on my CFA level 1. What are some exit opportunities for me outside of the mortgage industry? The job is fine but it doesn't challenge me and I do not feel like it's going to be a good long-term career path. Ultimate goal is Asset Management/Equity research. Would CFA progress designation or a MS in finance help?
14 Jul 2021
Fellow Monkeys, I recently accepted an offer as a quantitative equity analyst for a large Asset Management firm. My story of getting there is probably a bit unique as the odds were stacked against me on paper and had some major ups and downs. Hopefully my advice will help those who feel the same uphill battle when discovering where they want to be and what shape they want their careers to follow. Six years ago I was unemployed post-graduating from a Tier 2 private Midwest university following the worst of the financial crises. In April 2010, I took a job working in the back office of a
21 Oct 2015
Hi Guys, I'm relatively new here and have been reading mixed opinions on this topic. Would really appreciate some advice. Until recently, I have wanted to go into S&T. However I have become worried about the lack of skills I would gain, and now I am looking for other options. My passion being in markets, the obvious option would be to do Equity Research, and then end up at a hedge fund. But I used up all my applications on S&T. My offers currently stand at: Big 4 Audit 2 week internship at a HF with £20bn AUM, but they do not recruit from the internship. Complete this then do a masters and
11 Feb 2021
Hello everybody, First I want to thank you for the time, I will try to cut it short. I am a foreign student who is doing a bachelor degree in Beijing/UIBE. I am in my third year, and I am fluent in Mandarin, passed HSK-5 2 years ago, taking all my courses in Mandarin. I am highly interested in valuation, modeling and research, love doing research particularly in Healthcare & Tech. And want to be competent in the Chinese healthcare sector in the future. Love reading clinical research etc.. I am in my third year and applied a couple of firms but I am really not confident in finding a solution to
09 Aug 2019
Has anyone heard back/applied for this position? The original deadline was Oct 20 and campus recruiting sent out an email saying I'd heard back no more than 4 weeks after the deadline. I just looked at the app again and it now says "early process deadline Oct 20" and "standard process deadline Nov 24" Any insight as to why they changed? Possible lack of apps or just not good fits?
01 Nov 2018
I mostly want to know what I can expect from this conversation. Also, if anyone could collaborate on the the JPM Quantitative Analytics Internship Program or the JPM Asset Management Internship Program (can't post links), that would be great. Thanks.
26 Oct 2020
Hi community, I don't want to spark another general „MBA worth it or not" discussion, instead I'm interested in your opinions based on my specific situation. Some background info: - European citizen - 31 years of age (yes, old but quite normal where I'm from) - Master's degree in Economics at a Tier 2 uni - 2 years DCM at a Tier 2/3 bank in Frankfurt (think HSBC, BNP, RBC) - 2.5 years Private Debt Fund at Tier 1 AM in London (think Pimco, BlackRock, MetLife) Last week, I have been accepted at INSEAD for the full-time 1-year MBA program starting in summer 2018. When the program starts I would
19 Dec 2017