asset management

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

(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

Hey, I recently verbally accepted an offer for the 2021 Summer analyst position at MS for investment management fixed income (I know this is IB but still) and was very happy since this is my dream job-going into the buy side was more preferable for me and I wanted to learn from a BB. I have also been interviewing for GS but probably will cancel interviews now that I verbally accepted, since I prefer their culture, people, etc. However I spoke to a professor at my school who's been in the industry for years and he said MS is good but only a quarter as good as GS which is in another league. He

12 Sep 2020

Hi all, I am a Junior PM at a large AM based in London. Due to several causes, 4 years ago I had to move from my role as a market maker on the sell-side (spent 2 years there) and I made the transition to the buy side earlier than I wanted, hence taking a Junior PM role which I now hold for 2 years. *my background: bachelor degree in Milan, master's degree in London, 2 years as market maker in credit, 2 years as Junior PM. I was wondering whether an MBA (at LBS ?) would speed up my career to advance to PM role. Thoughts welcomed

07 Sep 2020

Currently in final round interviews for a 2021 summer analyst division at PGIM. I've heard the culture is great and is a top 10 asset management firm in terms of total AUM, but how is this firm viewed by the Street? Does it compare with other big buy-siders such as Fidelity and PIMCO in terms of comp, prestige, and out-of-college training? Anyone ever work there, heard anything about it? Would greatly appreciate any insight.

06 Oct 2020

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

Anyone know of any reputable AM firms in OC/LA area? I'm living in Irvine right now and am a senior at USC. I know PIMCO of course and TCW. Thanks

10 Aug 2020

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 probably get around 680-700. I've completed a bunch of Insidesherpa virtual experience modules and I'm doing 2 courses on coursera ( python and investment management). I've recently started to trade penny stocks with a small sum, I'd like to take this forward too. I want to make big money in the comings

23 Aug 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

Does anybody have a good idea what an equity analyst's comp is for a $1-10bn shop in Tier 2 or Tier 3 cities, particularly those in the Mid-West or South, excluding Chicago/Atlanta? Either for a long only or hedge fund. I'm trying to figure out if the comp is decent enough to support a family or I'd be best served going for an MBA and going corporate. Would be curious anyone's experience targeting those type of geographies and high salary positions

13 Aug 2020

Hello WSO, I'm a summer intern in a finance division of a BB bank. I enjoyed the internship but I realised finance is not a career for me. During my internship I worked very closely with the wealth management and investment side of the bank and built some good relationships with those guys. The bank doesn't have a official AM wing but portfolio management and internal Investment product is contained within wealth management. I chatted to the head of funds and he liked me and told me to keep in touch if I want to move, I also spoke to the VP in the same team who said that he can drop an email

06 Aug 2020

1. Do you have ambitions of launching/buying a private business (apart from a fund) on the side or is your sole passion the public markets? 2. Do you have (or plan to have) real estate investments?

17 Jul 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

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

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

-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

I wanted to know if anybody had any general advice on my situation.... To summarize it, I'm an engineering major from a top engineering school that will graduating in a year or so with a masters degree. I have solid engineering intern experience in the energy industry, and I recently got an offer at a larger asset management firm as an investment analyst. I know that I eventually want to open my own fund, but I'm not quite sure if I'm making the jump to finance too early on in my career. On top of that, I have multiple six figure engineering offers, and I aspire to get an MBA in the future

22 Mar 2020

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

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

Hi all, I will be joining Blackrock as a Full-Time Analyst and was wondering what the Analyst training programme is like, how long is it, does it start by covering basics (given that the roles are open to non-finance degrees) etc.? Any help/experiences would be much appreciated!

19 May 2020

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

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

Hello. I run a small PropTech Startup Stroom: https://stroom.app/ Stroom is a platform for commercial real estate revenue management. We've developed software technology that helps asset owners calculate optimal market rents and favorable lease terms. Leasing and pricing is fairly manual currently and our platform not only saves time but also maximizes Net operating income. I am looking to connect with Commercial Real Estate asset managers and REITs. Happy to do a demo / walkthrough of the platform. - Keval

29 Sep 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 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 an offer for a rotational operation development team from a bank (PNC). I will be rotating through the asset management team, equipment finance, etc. What does an operation team generally do at a bank? Does it have good exit opportunities?

16 Sep 2020

Hi, I am currently in a quite different situation. I've got an offer from BlackRock for an institutional sales position (associate) right out of UG and an Off-cycle internship in a hedge fund managed by a BB. I am rather indecisive, since the offer I got from BR is really good, but my passion (at least at the moment) is portfolio management/hedge fund management. Are there exit opps for AM-Sales? Is it possible, to use the contacts, that you get while working as a sales, to switch on the product side, if I would like to later in my career? Thank you for your help, Best, ;

17 Dec 2019

Hi. I have an interest in hard asset asset management (project finance type stuff like solar, wind, energy, ag). I know most huge AM have some hard asset arm but was wondering if there were any other good players in the space. Thanks

02 Sep 2020

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

Hi all, So I have some thoughts that I have been walking around for a while with... Any input is much appreciated. Two years ago I finished my masters in finance and investments and this concluded my five years of university. I also have a bachelor's/undergraduate degree in economics. Straight after finishing my degree I started working for an asset manager in London where I initially spend around one year in a operations/middle office role. Then during the fall of last year, I got promoted to a relationship manager role and in very simple terms my role consists of servicing new clients that

27 Aug 2020

Background info: I am a Finance major in my senior year at a non-target university, with a less than desirable GPA. I've managed to hedge my poor academic decision making with quality experience on my resume, in the form of a stock analyst internship at an RIA firm in the area, and a Lead Analyst position in my Student Investment Club Research Team. I graduate in May 2020. My career end goal is to get to Wall St., and exit into PE., but I'm aware it's going to take a longer and more complicated path than most. I am trying to determine my best path to this goal. I am currently faced with this

07 Nov 2019

Hi all, Just curious to know if anyone can drop some insights on how HF (let's say long-only or long/short equities) and AM interviews normally differ?

19 Feb 2020

Bloomberg has some insane capabilities, not all of which are widely known. Maybe that's just because I'm new into my buy-side role (Fixed Income). My favorite function: "SPLC" ...shows you a company's entire supply chain (vendors / customers / recommended comps), organized by % of revenue, COGS, etc.

11 Jul 2019

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

Hey all, I wanted to get your thoughts/feedback on studying for the CFA. Previously, I've spent quite some time on the asset management and capital markets side where a CFA mattered. I have studied the level 2, but I've yet to pass it. More recently, I'd made a lateral into commercial real estate where the CFA is less likely to impact my career. Should I continue the CFA designation or spend the time doing something else? My main goals for the CFA is to allow room for flexibility and if I want to jump back into asset management one day. Another is to hopefully improve salary growth. What're

21 Dec 2018

Been with a large corporate pension ($30B+) for two years with heavy exposure to all asset classes although I am lead on long biased credit funds (securitized, HY, and leveragedd loan mandates). For three years before this I was both a corporate financial analyst/credit portfolio manager simultaneously at a small bank and have pretty solid excel modeling background. Also have the CFA but non-target undergrad and no MBA. Looking to exit in the near term and would like to join a high yield/levered loan fund or CLO manager as an analyst. Any advice on how to get in given my path would not be

28 Jul 2020

Will provide more details if helpful, but basically: * I'm a first-year undergraduate, and a little while ago my friend's dad told me he could try and get me a spring internship at a private bank. (Friend's dad does not do banking, just has friends that do.) * My CV was passed around a bit, and now in 2 weeks, I'm going for a coffee with an executive director there -- as a sort of informal interview, I suppose. (Him and friend's dad do not know each other.) * I've recently been gunning for spring weeks at a bunch of different banks (though unfortunately haven't landed any offers yet) so I'm

07 Jan 2020

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 have an interview set up for GS's RMD Asset Management. I am wondering if someone can talk to me about their culture, lifestyle, hours, base+bonus (Associate level), exit opps/promotion opportunities, etc.. I know they recently switched offices to Downtown Dallas. I've seen talk on older threads about growth for RMD but also being absorbed by other groups? I'd like to set the record straight as to this groups future...

17 Apr 2019

Happy Friday people. I have a modeling test tomorrow for a REIT, specifically in their asset management group. I haven't gotten much background from the recruiter about the test, but I am pretty sure it's the final part of the interview process so obviously I want to be prepared. Has anyone been in a similar position, as in a modeling test for an asset management position? I'm thinking it will be along the lines of a buy/hold/sell scenario with one of the legacy assets or something, considering b/h/s would be a lot of the job. Does that seem accurate to those who have taken a test like that

16 Aug 2019

Hey all, So I completed an internship in corp fin this summer for a large asset manager (think Fido, State Street, Vanguard) and will be working in a corp fin related role again next summer. On a personal level, I don't mind the work I have been doing, however I don't see myself working in corp fin after I graduate and would like to work in an ER role. I am wondering what are some ways in which I could possibly make the switch over to ER (ideally within the firm that I am currently at) and skills that are transferable to that role. Thanks!

14 Dec 2019

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

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

Basically the title above. I'm at the beginning of my career, currently an intern in IB, but after my Masters, I would like to switch to either PE, AM/HF, or Management Consulting, but I can't decide which would would suit me the best. I would be curious in knowing more about what your decision process was (eg. which factors did you take into account when deciding between these careers, and did what you imagined match the reality). Thanks! (I'm based in Europe)

30 Jun 2020

I'm curious how possible this move is. I have 2 years of AM Sales and would love to jump to a sales desk in almost any product but preferably FICC. Does this jump seem doable without business school?

21 Oct 2018

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

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

Monkeys, I need some advice. I have the opportunity to leave my current role as a credit analyst at a commercial bank to join a boutique AM firm focused on debt. The only problem is that I've only been working in my current role for 6 months. I like my current job, but I think that jumping to AM would benefit my career trajectory and provide better opportunities when it comes time for B-School. I also don't plan on being a career commercial banker so I will likely leave in 2-3 years regardless. Is it bad to leave so early if I'm clearly leaving for a better job? I feel like that would be

17 Nov 2018

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

I was wondering if anyone could provide some insight into good answers for the following asset management interview question! Thanks! If you had 10 million dollars to invest, how would you invest it in the current market environment? How to Invest 10 Million Dollars in Asset Management or HF Interview? This is a common interview question and when answering - what matters is your thought process. A smart way to start answering this question is to ask a follow up question: who am I investing the money for? If you're investing money for yourself (a ~20 year old) you will be more aggressive in

28 Feb 2018

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