asset management

It's no myth that investment management (the "buy-side") job openings are scarce and competitions are fierce. Based on interactions I had with aspiring candidates, I felt the need to lay out what doesn't work. Before I start, I will note two exceptions (that I can think of) to the rule: 1) the...

25 Jul 2021

Comparison sucks. Comparison sucks. Comparison sucks. Comparison sucks. Comparison sucks. Comparison sucks. Comparison sucks.

02 Apr 2022

I am a recent M7 MBA graduate who accepted an offer to be a Private Wealth Advisor (Starting as a PWM Associate) at Goldman Sachs Private Wealth Management (GS PWM). I worked in finance before business school and went to MBA to stay in finance to multiply my earning potential. I was attracted to GS...

31 Jan 2022

Any advice on how to get in as a credit analyst/derivatives specialist without experience in AM? I'm an incoming analyst for the JPM MMBSI program (2.5 year rotational with underwriting, banking, and treasury rotations) but I'm really trying to get into asset management (fixed income and related...

09 May 2022

Hi, long-time follower of WSO here. Currently based in London at a sell-side bank doing ER, and I have a good chance an offer might be coming for a large AM in Copenhagen to work as a senior analyst at an equity fund. Never been to the city, so have a few questions -- -What's the life like in...

20 Jan 2022

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

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22 Mar 2021

Hello all. I'm at a crossroads with regards to a a career decision that I have to make and would really appreciate some input from the community. I'm currently a senior analyst at an EB M&A team in the UK, and have recently received an offer from a LO AM firm based in London. In essence, the AM role...

11 Dec 2021

From the Times: https://archive.md/BRZV2 No country for white men as State Street push diversity Staff at one of the world's biggest investment companies have to get special approval to hire a white man, rather than a woman or an ethnic-minority candidate. The policy is part of a drive by State...

10 Nov 2021

I'm looking at interviewing for a few associate level roles in AM and was hoping to get an idea of how best to spend my time preparing. I've stayed at my spot since college and haven't really been through any formal CRE interviews - I honestly have no idea what to expect and am psyching myself out....

26 Mar 2022

Hey everyone, I'm an incoming PubFin IB analyst at a BB and I'm interested in potentially transitioning to Muni AM in a few years. With that being said, there seems to be a lack of info on Munis on this forum outside of IB. I'm hoping someone could provide color on the municipal asset management...

01 Dec 2021

Hi, I am currently conflicted between two offers, both are for quantitative developer. One is from an Asset Management in Bay Area and the pay is around 150k with an additional 30k-40k in bonus. The second offer I have is from a fintech startup, it's more than 5 years old with a lot of people using...

17 Nov 2021

Hi all. I'm in a bit of a mind pickle. I am in year 6/7 at a bank in the US as a VP with my own coverage. I essentially operate entirely as an independent lead analyst at this point and would expect to make $325-400k this year (all in). The ultimate goal is to move to a LO, but I'm fine with being...

05 Apr 2022

I am set on going into the buy-side after undergrad and am in final rounds with BlackRock, among other large AMs in NYC, and a small fund in a tier 3 city. The position at BlackRock would be in the Portfolio Management Group, in a Fixed Income desk focused on mostly global allocation. The fund is an...

24 Apr 2022

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...

01 Oct 2020

(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...

26 Sep 2020

Dear all I got offers from two places: 1) as a multi-asset investment manager for an FoF ($~2B) and 2) as an investment manager for an insurer (~$20B). For 1) FoF, I will be primarily doing manager selection, portfolio construction, and to a lesser extent asset allocation/style or factor selection....

03 Feb 2022

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...

23 Dec 2017

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...

08 Oct 2020

I am about to graduate from a reputable university in Canada (McMaster University) with an Honours BCom degree (specializing in Finance), and I was just wondering if anyone has any advice for a recent graduate looking to get into the industry? I specifically have an interest in IB, PE, VC, AM & ER,...

12 Apr 2022

I am a sophomore at a well ranked LAC in the states. Through incredible luck, I happen to be family friends with a senior global equity PM at one of the most elite institutional AM firms in the world. (e.g. Blackrock, State Street, Wellington, BNY Mellon, etc.) I want to make it clear that this is...

19 Feb 2022

I'm interning this summer at a BB doing alternative investments in their asset management division. Not entirely sure what direction I want to go after. Obviously would love a return offer, but need to hedge my bets in any case. I know that it might be worthwhile to do a couple of years in banking...

18 Dec 2021

What kind of roles can someone get in PWM as a fresh grad? I'm really interested in AM but I am not interested in financial advising and being a CFP.

29 Jul 2021

Hey guys, I was doing S&T in a BB before, and keep looking opportunity to switch to buyside but it's really hard under current markets environment. Buyside always wanna somebody already have buyside experience(research, or portfolio management exp for example), but if I didn't start, how can I have...

15 Jun 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...

02 Jul 2020

Hello, apes I just completed my first spring week at the BB in the asset management division. I really enjoyed the experience but it was only a week and I wish I'd applied to a lot more places. I really don't know how to allocate my time this summer to enrich myself with the skills necessary for...

17 Apr 2022

Hi everyone, In anticipation of the war in Ukraine, which has now already started, my family sold a chunk of real estate in Eastern European countries (in fears of war progressing beyond Ukraine). As I am the only member of my family educated/working in finance (not in AM/PWM though), it fell upon...

02 Mar 2022

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,...

21 Apr 2021

Hello! I am a final-year UK student (top UK uni, STEM degree) and I have two job offers, both in London, both entry-level analyst: one in S&T (likely FX, Gov't bonds, or rates trading) at a lower-tier bank (think RBC/Nomura/SocGen), and the other at a relatively small asset management firm (10-15bn...

26 Nov 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...

25 May 2021

I am a beginner to finance looking into various summer internships. I have an interest in stock market investing in particular. I would say the priority for my internship (as it would be for most) is to learn as much as possible whilst also hopefully getting a prestigous name on my resumé to make...

19 Jan 2022

Hey everyone, first time poster. I did horrible in the first two years of my undergrad. Mostly due to having to work full time and being out of my parents house by the age 18. Luckily by the time I was 23 I decided to go back and finish my Bachelors. I am now graduating with a 3.8 Major GPA (3.2...

23 Oct 2021

Humbly requesting guidance from the experienced monkeys on this forum about a career switch from Consulting to Investing. Background: Been in T2 Strategy consulting for the past two years after graduating from a semi-target undergrad b school (not Wharton but one of the programs ranked directly...

28 Oct 2020

Hey everyone, Just wanted to ask people's thoughts on working on the Muni side. Currently working in a different part of Fixed Income but a spot is opening up on our Muni desk in a more desirable seat. I don't know much about it, but I think it seems interesting on the surface, there doesn't seem to...

27 Oct 2020

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24 Nov 2021

I am an incoming PWM 1st yr analyst at a BB (think GS or JPM). In three years I will likely move into an associate role within the firm. My passion however is investing and AM and I intend on pursuing an MBA to break into this industry mainly for the connections, brand-name recognition, and the...

10 Dec 2021

Hello, I'm a junior at a target undergrad business school (Ross/McIntire/McDonough) and I have 2 offers for this upcoming summer. One is a finance internship at a Fortune 200 pharmaceutical (think Roche/Novartis/Baier, so not exactly Pfizer tier but pretty close), and the other is a tax internship...

08 Dec 2021

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...

25 Sep 2018

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...

01 Mar 2020

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...

22 Oct 2015

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...

22 Aug 2019

Hey everyone, Class of 2022 soon to be cal graduate here trying to figure out what my next move is. The goal is to make money with a good lifestyle now but also have serious earning potential later in life. I will probably move to San Francisco and I have narrowed down on 2 possible career options,...

27 Jul 2021

I was recently offered a position to work at a top Econ consulting firm which I am very grateful for. However, I was wondering what the common exit opportunities were for econ consultants. Specifically, I was wondering if anyone was able to successfully work for 1-2 years and transition into roles...

27 Oct 2021

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...

22 Feb 2021

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...

17 Dec 2015

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...

26 Jan 2021

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...

23 Aug 2019

Hi guys, I'm an average undergrad student(20 yo) from an average uni in Bangalore, India. GPA - 7.5, 2 internships in wealth management ( not well-known firms), 1 on-going internship in quantitative finance( not a well-known frim). I'll be writing CFA L1, feb 2021. yet to take the GMAT, I'll...

23 Aug 2020

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...

16 Mar 2019

Hello AM monkeys! I am trying to settle this debate with my younger brother (senior in high school), he is set on going into JHU (econ major) and wants to get into AM out of undergrad (which is hard, I know), and transition towards an HF or PE in the later stages. He also thinks of going into an M7...

12 Sep 2021