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 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
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
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
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
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
(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
Had a superday with a PE team at GS on Friday (summer internship). Recruiter sent out an email right after it ended, saying an update would be given within 1-2 weeks. From reading other responses on WSO, seems like offers to top candidates are either made day of or day after. Since it was a Friday, does anyone know if GS PE teams make offers over the weekend?
27 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
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
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
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
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
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
Hi WSO, I've got two offers here in Melbourne between a small boutique long-only AM (approx. A$200m AUM, approx. 5-10 guys - not entirely sure, very limited info) that's been around a while (10+ yrs) and a boutique Corporate Advisory firm (approx. 5-10 guys, does mostly Corp Advisory + ECM) that's quite new (<2 yrs) but with heavy deal flow recently. The AM opportunity is a full-time offer, with the caveat that I will start by doing BO work then transition to more equity analysis responsibilities over time (will still be involved, albeit probably minimally, in the stock picking/research
06 Apr 2021
- 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
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
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
-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
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
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
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
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
Hi! I am in my 2nd year of a 4-year Chemistry degree at Imperial College London, currently have secured a spring week with an investment management firm. I will need a 4th year to be able to apply to summer internships in my 3rd (penultimate) year. I have the option of choosing to do my 4th year as an MSci (Chemistry masters) or to switch to a BSc with Management degree where I will spend my 4th year at the Imperial Business School. Either way, I need a 4th year. Which option would you choose? Any advice is much appreciated! Thanks!
21 Feb 2021
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
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 Everyone, I am working on the multifamily asset management side. We currently own 14 assets totaling ~5,000 units. On property level, there are many operational and administrative things to track day-to-day: Rent Growth, Occupancy, Delinquency, Insurance expiration and RE tax increases which we do manually tracking now. As the portfolio grows (soon to be 20 assets), I am wondering if there's any Asset Management Software that we could utilize to see the performance on the portfolio level? The property management team sends financials and metrics each month, I think it would be nice to
05 Feb 2021
Hello! I am a credit analyst looking to move to the fixed income research side. I'd appreciate any help on pitching a bond for a potential interview - how to pick an investment, what should be included in the pitch etc., specifically on the IG Corp side. I am familiar with the basics of a credit write-up: business and financial profile, risk profile, peer comparison, industry and country risk etc. Is there anything specific that I should be keeping in mind while building a FI research report? How would I pick a bond to pitch (any helpful source for research?) and arrive at my final
04 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
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
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
Trying to decide between Capital Group, Wellington, T Rowe, Fidelity (FMR), and BlackRock (FAE). Have offers from 3 of those, finals at 2 (post MBA equity analyst), but trying to get ahead of a difficult (and v fortunate) decision. Especially interested in hearing from folks currently in the space. How would you decide? What DD should I do? Who is best positioned to survive the industry headwinds? Who has the best culture? Resources? Comp / career progression? How important is private partnerships vs. public? Institutional vs. retail focus? Am fairly geography agnostic. Thank you!
25 Jan 2021
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
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
Hi all. Hoping for some advice here. I am trying to see how the long-only equities AM compensation is for post-MBA associate / 5 yrs+ work experience? I think I have an idea for 1st year total comp but I have zero clue as to how it changes in year 2 and 3?
15 Jan 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
Hi all! I am beyond lucky to have many offers, however, they are all over the place and I don't know what is the best option to pick for my future. I am a finance student - unsure what I want to do! Goldman Sachs PWM - Great name and pretty much double the pay I would be getting at the other opportunities I am listing. Downside, not as meaningful work. JPM - Two opportunities here. One in TCIO and one that is more Accounting. Not as interested in these roles, but great name! Private Equity Firm - A mid size firm, LOVE the people and has a great environment. Not amazing pay though... Is PE
23 Dec 2020
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, to start with I'd like to thank anyone learning my situation, taking it seriously and and providing me with advice. I am very grateful for your time. Also, please be aware I am inexperienced within this sector and so parts of this post may seem unstructured (rambling). This is aimed at people employed within areas concerning the financial markets, who understand the varying job positions, predominantly the ones listed in the title above. My name's Tom, I'm 21 years old and I'm, in my second year of business management studies here in the UK. After not knowing what I want to do for a
21 Dec 2020
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 everyone, I have a second round interview for a Portfolio Analyst position in convertible bonds at LAM. I haven't really had asset management interviews before, and the first round was fairly relaxed - I spoke with the portfolio managers, they asked me kind of general things about my experience and what I know about convertibles, FX hedging, etc. The next round will be with 3 MDs and it will be twice as long (1.5hrs). Given the position is fairly entry-level, what kind of thing should I expect in an interview like this? The main responsibilities for the role are: assisting with control of
15 Dec 2020