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Updated BB S&T Desk Ranks?
Hi all. Would anyone be able to point me in the right direction so I can see what desks at BB's are good at each firm or tell me what they know? Wondering specifically about FI desks and what each firm's strongsuit is.
IG Bond Sales - Bond Pitch
Hi buddies, I was wondering how to do well in an Investment Grade Bond Sales interview.. Can you kindly give some advice? I searched online and know the framework but I couldn't find the information as I currently dont have a bloomberg terminal... Do you know how to gather information (maturity...
Reaching out prior to my internship
I'm interning at a large fixed income investment firm this summer, and I was wondering if there's any do's or don'ts of reaching out to people at the firm (people I won't directly work with and are in different offices than me, but have mutuals with and are located in the region I grew up/attend...
Need advice in REPO interview
Background - Worked in ops supporting repo desk at MM... transitioned to junior trader on money market desk at regional SS shop... and now have an interview lined up at AM repo desk... (have been at each role for ~2yrs) Does it make sense to reach out to the traders at previous firm (MM) to ask...
MS Fixed Income SA offer pivot options?
I just received an offer for MS Fixed Income 2025 SA program, but I'm not really sure that FI is for me—looking for advice on if I'm nailed into a FI coffin long term given that I'm doing a PE internship this summer in NYC and am more interested in IB type work/IB exit opportunities. I got to...
Private Debt-Private Credit-Direct Lending in Canada
Looking to learn more about this type of lending and the difference between all 3/if it's synonymous. Do people tend to come from fixed income backgrounds or would someone from a commercial banking/commercial real estate background be able to transition over? What does the interview process look...
Q&A - Investment Counselor at an Bulge Bracket Bank
Hello everyone, my schedule has cleared up and everyone is in the office is in the holiday mood. Thought to open myself to questions (if anyone is interested) Brief Background: Bachelors of Business Management (Major: Finance) from Singapore. Did my exchange program in Canada Msc of Finance from...
Specializing within credit sub-asset classes
I work for a boutique LO discretionary asset manager as a junior fixed income PM. Given recent turnover and a new strategic outlook, I have the opportunity of choosing which sub-asset class within credit to dive deeper into. While I'm currently a generalist, doing work for funds with IG Credit, HY...
Help prepping for a fixed Income Research Summer Analyst interview
I am not sure where to start. I have an interview coming up and I have no idea where to begin prepping. I am in my final year of university so I don't really have any practical work experience. The summer rotational program I applied to gives exposure to markets across foreign exchange, government...
How good is Capital Group's growing Fixed Income team?
Capital is known for equities but have been expanding their FI funds (almost $500bn AUM now). What is their reputation in the FI space? Some observations from checking out their website: Most of their big funds (core bonds/corporates) do beat their indices over a long period, but just slightly after...
Bond / fixed income jargon
Thought i would post a running bond jargon list I have. Aggregated from various sources. May be helpful to newcomers. Let me know if I got anything wrong! Par - Par Value is the amount returned to the bond investor by the issuer upon maturity. Par can also be referred to as notional, quantity, face....
Using VBA as a Fixed Income Sell Side Trader
Do any sell side traders use VBA a bunch to make their job more efficient? Interested in hearing how you use it and how you learned it.
Thoughts on Invesco - Credit
In particularly their credit team as I have an interview for an entry role analyst position on Multi Sector credit. Don’t seem to be spoken about a lot on forums or generally as a sought after place to work. Which is surprising as considering how large their AUM is with 70%> actively managed. Any...
How is working at an insurance company viewed by the Asset Management Industry?
Right now I work at a large Asset Manager (BlackRock, Vanguard, State Street) and I got an offer from an insurance company to work on the investment team. They pay is better and it is more aligned with what I want to do. My only question is how would working at an insurance company be seen by future...
Best L/S Credit HF Seats
Starting off in public credit, and hoping to transition to a l/s credit hf? What are the main (or not as well-known) long/short credit seats single-managers and multi-managers in London? Im not familiar with distressed debt / special situations; if anyone could shine some light on what area around...
Q&A: Fixed Income Strategy & Research @ large NY based (global) firm
Equity Research (TMT) -> Fixed Income Strategy & Research. AMA about: Career/ networking tips, opportunities in the space, AM trends, etc. @AndyLouis @WallStreetOasis
FICC vs equities
I have an interview with Goldman for Sales &Trading, and I was wondering what were the differences between being on a FICC or equities desk in terms of compensation, environment, etc. Is there one way better than the other or one to avoid?
AM/Buyside: Fixed income to -> Equities?
Currently on an asset management grad programme with the opportunity to get some fixed income exp (IG most probz) however my end goal is a growth/E.M - equities desk. How plausible is this switch, is it a common career change? Will there acc be transferable skills etc. also any views on how...
Fixed Income Trading vs. Research
Incoming first-year analyst at an Asset Manager specializing in fixed income. I've been told that first-year analysts generally start out in Trading or Research depending on skills and fit. What are some of the pros and cons of each, and is there one I should be trying to steer towards?
Upcoming Fixed Income/Repo trading analyst interview Latin America BlackRock
Pretty much the title. Im having an upcoming interview in the Fixed Income Desk to be a JR trader, managing Repos and Fixed Income books in Latin America. Just want to get some inside on the desk dtd, tips for the interview, resources (books, articles, research) to prepare myself for the interview....
High yield versus investment grade
Hi there, I have a credit research interview coming up with a top-5 asset manager in the fixed income space. In the interview, I'll need to state whether I am pursuing the high yield or investment grade role. Having not interviewed for any buy-side fixed income roles before, can anyone offer advice...
A good predicament to have
Hello all, I am a Master in Finance working as a FP&A at a globally known automotive brand in the NYC area, I will be joining a consulting firm at the end of a my contract with this auto brand and more importantly after my masters studies conclude in May 2023. I recently signed a job offer with a...
Learning about Fixed Income? Help Needed ASAP
Hi everyone, Need some urgent help. Have an interview coming up with an AM firm and a lot of it requires understanding of the fixed income markets. I'm more of a real estate guy, love properties and didn't really pay attention in my equity and fixed income investments classes. I realize I've shot...
Switch from Equity to Fixed Income?
I'm in equities and I may have an opportunity to switch to fixed income (high yield). I'm not that deep into my career so the opportunity cost of switching is not too bad. How hard is it to switch. My firm does both equity and fixed income and when I read the fixed income research, I understand the...
Reputations of firms in fixed-income investment banking
Does anyone know the reputations of various banks in fixed-income investment banking, particularly in corporate bond issuances? For example, do bigger companies like AAPL, MSFT tend to issue bonds through certain banks? From what I could see, it appears JPM and BAC do a lot of corporate bond...
Asset Management Exciting/Boring? Day-to-day?
Do fixed income investment analysts write lots of research or can they perform due diligence on their own and underwrite? Are there credit committees that shut down deals they don't like? Will the job get repetitive after awhile? Trying to get a sense of the role and how an average day-to-day looks....
How to prepare for Summer Internship in Fixed Income Sales
Just starting out as a chimp here. I am wondering how to kill it during my summer internship. This summer I will be interning in Frankfurt in Fixed Income Sales. I wonder how to prepare. The MD told me I would get my own terminal and would attend client meetings. Should I know the product in and out...
MS Best Desks
Looking into some desks at MS, specifically in Fixed Income, and was wondering which ones are strongest or have the best culture over there.
Middle Market IB to Fixed Income AM?
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...
Quarter Life Crisis Next Steps (Maybe Corporate Finance)
Maybe I'm just ungrateful or maybe I was overly idealistic about working in Asset Management in general. For some context, I went to a non-target school, played college tennis, and graduated in 3yrs. My first job was with a small IRA as an execution trader. I thought that this opportunity would help...
MADE IT OUT
Graduated from a non-target with my first gig being in MO at a BB. Bounced around ops for a few years. Finally getting a shot as junior trading role at a MBB. I'd like to think WSO had a hand in helping me find an opportunity like this Just had to share... Thanks !
Moving from Fixed Income/Lev Fin to Private Equity?
Is it possible to move from fixed income research into private equity? Or should one first transition into a related field like Lev Fin before trying for PE? There was not enough information about making such a transition so wanted to ask in this forum. Currently working in fixed income research...
ETF FI Portfolio Management
Hi, I have been offered a assosiate ETF Fixed income role at one of the TIER 1 asset management firm in London. I have overall 5 years experience at one of Banks. I want to understand the scope of ETF PM going forward. Quiet few people keep mentioning ETF PM is more techonology driven rather than...
Superday equivalent?
I have an interview this week. this will be my 3rd interview, and i have interviews with 6 people spread over 2 days. I was told to familiarize myself with one of their funds. What questions do you think will be posed regarding the fund? should I learn the bullet points, should i be expected to sell...
Fixed Income Sales Exit Opps
Anybody have any color into what exit opps are like in fixed income sales? Recent associate promote with 3 years experience. Thinking of making a move before its too late and I'm pigeonholed into one thing. Interested in buyside credit roles/REPE/ direct lending but just want to be realistic with...
Credit Desk (AsianHY) Exit Opps
Undergrad new to front office, was wondering what exit opps exist for FI Analysts working on credit desks? I have an offer at a fund management company and will work on analyzing companies & their ability to repay debt (and also pitch corporate bonds for the fund)
Morgan Stanley E-trading (Fixed Income) vs Options Market Making Firm
I posted it on the S&T forum initially but realized this is a better forum to post it in. I've been offered a position with the e-trading desk of Morgan Stanley as a strat to develop algorithms that have a direct impact on the PnL, and another job as a Quant Researcher in an options Market-Making...
Interview Books Targeted Towards Fixed Income/Asset-Liability Management or Corporate Treasury
Hello. I'm interested in entry-level roles in fixed income, asset-liability management as well as corporate treasury at a bank/credit union. Does anyone have any book recommendations that specifically focus on fixed income interview questions or targeted towards the above areas? I'd like to...
Exploding Offer Help
Long-time lurker, first-time poster. Just received a SA offer from PGIM/AIG Investments based on the east coast (NYC/NJ). Have been reading the pros and cons via past threads but wanted to ask some personalized questions. The position will be front office, and from what I heard, I will be on one of...
How to answer why are you interested in this team (corporate bonds) in interviews?
Hi, I will soon be graduating with a degree in economics. I don't have much of a background in finance, except one quant internship that I did, but I worked with equities during that internship. I have extensive technical experience. I am interviewing for a fintech role (not going into details due...
Investing in fixed income for US retirement fund that will expire in 2045
I am putting together a theoretical portfolio which will be liquidated by 2045 as a retirement fund-- any thoughts on how I should use fixed income and real estate in this portfolio? Curious to see different points of view given the rising rates/inflationary environment that it seems is inevitable.
Fixed Income Desk at a Hedge Fund
I got an interview at a hedge fund for their Fixed Income team. I haven't come across too much information about
Prudential Fixed Income Investment Analyst Program Interview
Hi all, yesterday I received a Hirevue for the 2022 Fixed Income Investment Analyst Program at Prudential. It says that the 1st part is behavioral and 2nd part is technical -- has anyone taken this/know what questions are given for the technical part? Would really appreciate any/all advice/resources...
PIMCO SA 2022 Thread
Hey guys, Just wanted to create this thread for those applying to PIMCO for the various SA positions. Please offer any info you have on interviews or the likes. Thanks!
Chinese Third Tier Bank AM
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...
Fixed Income Research Associate Role
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...
GS Global Markets Coffee Chat
Through either the GS website or my school career center(think target public - UM, UVA, CAL Berk) I received an email from an analyst at GS saying he was part of the Global Markets division and that I was selected for a coffee chat. I know this is relatively informal and generally a networking...
How To Prep For A European Fixed Income Analyst Position
Hello all, I will soon be starting a fixed income analyst position as a first year at a middle market european asset manager based out of Brussels. With myself coming from the US, I wanted to know the best way to go about preparing for the position. What is the general knowledge that is needed first...
"Sales" and Trading..... (SALES)
Would love to have a discussion about the current state and the future of a sales-man. Please add your two cents and personal experiences. - For argument sake, assume you are or would be FICC sales or exotics on a good desk making good revenue. - What are the current actual bonus's looking like in...
Retail banking analyst moving into fixed income
How easy would it be to move into a fixed income analyst position from being an retail banking analyst? Specifically, I've had 2 years in a management consulting firm working with retail banks' credit data for products like business loans (< USD 75 million) analyzing probability of default, ratings,...
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