Silver BananaTopic
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WSO Hall of Fame: Asset Management Forum The Wall Street Oasis Asset Management Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the asset management industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate...
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Please, help me to *not* fail this interviewI am currently a junior at a semi target school. Basically, summer analyst recruiting has been a shit show for me. So far, I've only gotten two OCIs, two phone interviews, and one superday in a variety of roles such as IB, corp fin, and AM. I've received no offers yet, despite thinking a few of them...
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Company Interview: Silvercrest Asset Management - Silvercrest Asset ManagementWhy Finance? Tell me about yourself? Why Asset Management? Name some trends you are aware of? What classes do you take in school? Why do you like them? I saw you went abroad, can you describe your experiences there? What are you doing this weekend (they just want to make sure you are not weird)? Tal...
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Company Review: JPMorgan Chase - MehMade overtime over 40 hours worked each week. Had a decent team. There were lots of analyst events throughout the program. Not a lot of room for internal mobility from back to front office. Ended up forging my own path and moving over after analyst program....
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Compensation and Exit Opps from EndowmentsHi, I am just curious what compensation looks like for the analysts at large private endowments are, and how this pay scales for associate/director/etc. Also, if I were to start my career at an endowment as an analyst, where would that leave me in terms of exit opps? Would I be pigeon-holed? ...
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JP Morgan Wealth Management Analyst vs Private BankingHey all, just wanted to clarify the differences between the two. The name of the position I applied to is Wealth Management Analyst, but will I be working in JPM Private Bank? I see these term used interchangeably and have had interviewers ask me 'why PB' instead of 'why WM' specifically, as that's...
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1st year Bulge Bracket Asset Management pay (from undergrad)Hey, I haven't really seen much pay scale info for Bulge bracket bank Asset Management pay for the 1st year out of undergrad. Any body have an idea what base and bonus looks like for the first couple of years? Thanks...
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Company Review: Goldman Sachs - Goldman Sachs PWM Summer Analyst Great pay, . Boring/ administrative job ...
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From Client Facing to research role?Hi guys, I have a interview coming up with a local Asset Management firm and I was wondering if its possible to move from a client service role to a research role? or if anyone has made a lateral move like this at a firm. Thanks,...
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Company Review: JPMorgan Chase - AnalystQuite happy overall. Working hours are decent given the salary. Good benefits and perks as well for a graduate.. Overall not too bad in terms of working conditions. Honestly can't think of any negatives to talk about....
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GS IMD Regional OfficesI applied to GS IMD in Philadelphia and have yet to receive any notifications. Does anybody know when the process begins for GS Regional Offices and how competitive it is for sophomores?...
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BOA Superday. Wealth Management Hello everyone, this is my first post but I'm a long time lurker and I really enjoy this website. I'm looking for any possible advice or tips to help me kill my interview and secure my summer internship position. I know this forum is heavily focused on IB but my position is actually for Wealth Manag...
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Company Review: Charles Schwab - Good OverallFriendly and goal-oriented workplace environment. The opportunity to learn and progress through a challenging role.. Much of the role relies on metrics to determine where you stand. On phones all day and gets old........
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Company Review: BlackRock - BlackRock Summer AnalystI will be starting here soon so I can only give details about what the hiring process was like for a Summer Analyst.. I don't have any cons yet since I haven't started there yet. I guess just from a racial perspective, the office is not as diverse as I thought It would be....
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JP Morgan Asset & Wealth Management Summer AnalystHey guys I have a interview (in person) with J.P Morgan for the Asset and Wealth Management Program for the summer 2018. It says that I will participate in four thirty-minute interviews. Has anyone gone through this interviews/program? If so, what questions should I expect and what's the best way to...
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Difference between S&T and Asset ManagementHello, I'm currently looking for internships and I don't know which section is the most suitable for me. Particularly, I don't see the difference between Sales&Trading and Asset Management. Personally, I don't want to do Sales (I'm more technical than social). If I would describe my dream position, ...
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JP Morgan Asset & Wealth Management Summer 2018 NYCHi all, I completed the Video Interview for JP Morgan's NYC Wealth Management Summer Analyst Program about 3 weeks ago and was curious how many people on here had gotten a super day invitation? This is for NYC specifically, and from a LinkedIn search it appears that most kids with offers were diver...
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Financial Markets Advisory (FMA) Blackrock superday 11/20/17Just had my superday a couple days ago (11/20) for the Financial Markets Advisory (FMA) Group at BlackRock and wanted to know people’s experience about hearing back. They said 1-2 weeks but i don’t know if they get back to you sooner. Any thoughts? ...
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Fidelity "Non-Tech Internship"?I applied to the Fidelity "Non-Tech Summer 2018 Internship" about a month ago and just got a Hirevue invite today. Is this their main summer analyst position? Does anyone know what the Hirevue is like? Here is part of the job description: The Purpose of Your Role -Participate in challenging work ...
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Company Review: JPMorgan Chase - Old JPM RPS BusinessThis was a entry level back office position in the Retirement Plan Services dept. Thought it would be a good way to break into finance.. The business was looked at as a stepchild of asset management as a whole and were an outcast to the NYC analyst program. The business was later sold to Great West ...
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Charles Schwab Corp Dev (M&A) managerHi! Anybody know more about Charles Schwab in the M&A space? What type of comp should I be asking? I'm currently doing M&A strategy at a big 4 (senior associate). Should I stay? Thanks!...
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Company Interview: The Burgiss Group - InternInterviewer asked which group of the firm I was looking to interview for but the job was specifically posted with a group listed which was a bit odd. Other than that just basic "tell me about a time where you demonstrated leadership" and "tell me about a time where you resolved conflict with a cowor...
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2018 Asset & Wealth Management Wealth Management Summer Analyst ProgramHello, This page will be used to engage with the wealth management summer analyst program at JPM. How are your interviews going? I just recently had a phone interview...
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2 job offers, which would you take? I'm going to try to make this as unbiased as possible, and if you can give me your opinion on which job offer you would take that would be really helpful. Some key pointers before I begin are: - My family currently lives in Miami, and if I worked there as well I could potentially have zero expens...
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How to prepare for a Wealth Management positionDear Everyone, I am invited to an Assessment Centre for a Wealth Management Position at JP in Europe. Therefore, I am currently preparing myself. In order to perform very well, I would like to ask for advice of what especially take into account. Does anyone here have any hints towards questions t...
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Goldman Sachs Hirevue IMDHey guys, was just wondering if anyone else got a hirevue interview invite for IMD and if they could share their experience. Also, some people are saying that the hirevue invitations were a mistake. Any thoughts?...
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GS IMD - Recommendations?I would really appreciate some help here. I have an upcoming final round interview with GS IMD London (for SA). Any recommendations on how to prepare? In terms of current market events and topics, what would you see as the most important ones to know? Any technical questions that I could expect? I...
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Any Crazy CFA Success Stories?CFA L1 this Saturday... I've taken the LSAT before, but building confidence for this beast is pretty damn hard even if you've majored in finance, accounting, or econ and put in 300 hours already. So, to help break up some study time, are there any great success/dumb luck stories from past candidates...
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Blackrock Portfolio Analytics Group InterviewI have interview with BlackRock's PAG tomorrow. I would love any insights into what I should study tonight. My background is mostly math/data science, but have interned for a fixed income fund. ...
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Company Interview: Prudential - Internal wholesalerwhat do you think of the current market? what are the four branches of the company? what do you think about your current working hours? why did you leave your last job? why didn't you look for other opportunities at your last job? what do you think of the price of oil? pitch me a mutual fund which o...
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Prop trading quant role relevant for buyside or no? Hi, I graduated in engineering from a top 3 college (similar to H/S/MIT) in July '16 after which I did a job at a F500 and have been trying to break into finance since then. My main goal is to get into buy-side. Currently I have an option of joining a prop trading and HFT firm as a quant trader/res...
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Company Review: Morgan Stanley - Summer Associate InternGreat many stuff to learn for a new grad, this intense 2 months internship is definitely worth it! . No return offer, had to apply again even if the manager said great things. Well, I guess this is Wall Street. ...
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BlackRock post-superday wait timeHey guys! I had a superday with BlackRock last week and haven't heard back yet. About how long does it take to hear back, and how long should I wait before reaching out to HR? Update: Got the good news exactly a week after!...
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Company Interview: AIG - InternCurrent market trends in Europe as well as how the company can position itself to take advantage Talk about a major deal that happened recently in a lot of detail A time when you had to go beh...
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Buy-Side Comp CanadaHi guys, Hoping to discuss buy-side comp in Canada, would be curious to hear everyone's opinions/personal experience. I spent a few years in retail banking prior to starting as a first year analyst at a boutique firm. My base was 75k + bonus with no set % target. Since, I have shifted (was laid ...
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GSAM AIMS GroupCan anyone tell me a bit more about GSAM's AIMS group other than what's posted on their site? What does the group focus on? What is the working culture like? Or does anyone know about their product management group in which I have an upcoming interview with? Thanks in advance...
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Company Review: JPMorgan Chase - JPM PB AssociateFlexible schedule and high level of autonomy within team. Very high level of education and development and analyst and associate levels.. A large amount of bureaucratic overhead pushing you towards specific firm-wide goals that did not necessarily align with your best interests. Compensation is not ...
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Wells Fargo WIN Summer Analyst Has anyone heard back from the Wells Fargo Wealth and Investment Management program? I received an email two weeks ago to list my top groups and write a why Wells essay, but haven't heard since then. They wrote that final interviews would take place on the week of the 13th. Has anyone heard from We...
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Are Superdays still happening? (recruiting for 2018 summer)Are the big banks still having Superdays for Asset Management/investment management/private wealth management positions? I applied to a bunch of banks months ago and did a lot of video interviews but haven't received any word on if I've gotten any Superdays still......
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Company Review: Wells Fargo and Company - Registered Client AssociateExcellent work/life balance; short hours; friendly environment; health benefits were great; ample parking in a congested area. Compensation was very low; limited mobility outside of sales, company's managed products are priced at upper end of scale and are heavily pushed, hiring bar is relatively lo...
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Suggested reading for Wealth/Asset Management ?Any recommendations for books that can teach you the basics about asset classes, allocation and weighting, etc. Looking for a comprehensive starting point while preparing for networking in the spring. Thanks so much!!...
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How to file taxes if you invest for a friend?How would you file taxes if you invest money for a friend? Would it simply be considered a gift tax? Suppose a friend gives you $1,000 for you to invest for them and you make them $100,000 (overexaggeration), is it just going to be considered that you gifted him the $100,000 and file it as a gift or...
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Which offer to take BlackRock or Nisa?I am having trouble deciding between two offers. One would be returning to BlackRock, working in Aladdin Client Services. I did not really enjoy the work I was doing when I was there this summer, but I liked the people I worked with, it pays relatively well, and is in New York. The other offer is f...
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Company Interview: UBS AG - Private Wealth Management Apprentice1. Given a box of crayons, which one would you believe to be the most important colour that you must keep while discarding the rest? Why is that? 2. What is your favourite public figure? 3. Which person in life inspired you the most? 4. Why wealth management (specific division) and why UBS? 5. Imagi...
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How long till PM?Hi all, I recently got a permanent role in AM - after two rounds of internships. During my conversation with my boss he was talking about an accelerated path to PM. Bearing in mind this is Fixed Income in London, he was talking about a timeline of 12-18 months to being a PM. I thought that it was ...
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BlackRock Aladdin Client Services SF Superday Hi, I had a BlackRock Aladdin Client Servies superday in SF last Wednesday (9/6) and still haven't heard back. It hasn't been a week yet but I was wondering what I should do. Email and follow up with the recruiter or just keep waiting?...
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Thoughts on Fred AlgerDoes anyone have thoughts on an investment internship with a mutual fund ~20B AUM? Learning opportunities, perception, opportunities to exit to HF, etc....
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Company Interview: BlackRock - Summer AnalystThey asked me to look at an individual piece of paper and circle the parts that were not right. That was to check my attention to detail. Other than that most questions were on the market and where I see it going. Some market trends that I think can derail the economy. Other than that there was not ...
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J.P. Morgan Global Wealth Management Summer Analyst Program Phone Interview?So I have a phone interview coming up with two guys from JPM Wealth Management and was hoping someone here has gone through the process before. I'm expecting mostly behavioral but what kinds of questions should I expect?...
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Blackrock Hirevue interviewHey all, I was wondering if you guys can add some color to this video interview through hirevue? I haven't done a video interview and I would like to know how you all prepared for it. If you guys done the video interview through BlackRock-any advice would help! ...
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Winter Intern at Multi-Family AMFor December and January I will be interning (off the books) at a family wealth-management firm on the west coast. I'm a freshman mathematics major, with experience in many ER and M&A case comps, Bloomberg, and Python. What should I expect to see in the day-to-day operations at the firm (~5B AUM)? ...
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Company Interview: Fidelity Investments - Non-Tech IntwrnIntwrnI wouldn't really say any of the questions are difficult, rather just that it can be extremely awkward talking to yourself on hirevue, and that showed for me atleast in the videos. Also hirevue gives you 2 minutes to prepare, 3 attempts. But the questions are all behavioral. Fidelity recruits on va...
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Which job to take?All, I have two offers on the table; 1.) PWM 2 year program at BB. My father has a very large book and is planning on passing it down to me once I am established. I obviously want to build my own book first and have a very good network of potential clients and family money. 2.) Working as a Finan...
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JP Morgan Winning WomenThis 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 pr...
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Referring a friend to contact at another firmHello WSO, This past fall I was at a finance conference and I met a VP at an upper-tier AM (think AB, BR, CG, etc) . We connected very well, though I didn't get a chance to apply to his firm as I had already accepted another offer. I told a friend who is looking into a career in AM about the firm- ...
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jp morgan Asset Management Risk Summer Analyst InternshipI am having an incoming interview with JPM, and the position is Asset Management Risk Summer Analyst. Does anyone know what this job is about and the exit opps? Thanks! Below is the selected jd: Understanding, mitigating and managing risk is at the forefront of how we do business, and critical to ...
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Company Interview: Lazard - Sales and MarketingMost of the questions were behavioral and fit based questions, very little technical: 1) Walk me through your resume. 2) Why are you interested in our firm? 3) Why are you interested in this position? 4) Your background shows that you would be a better fit for research, why are you interested in sal...
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Company Review: Merrill Lynch Wealth Managment - InternIt was a very good team, nice first internship for business major, and interesting to dip foot into finance sector.. There was a lot of cold calling, summarizing reports, and trying to source clients. I wish I had more interesting work....
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Disciplined Equities GroupHi all, I have an interview for an internship opportunity with a disciplined equities group in an investment management firm. Could some help me understand what exactly is a disciplined equities group and what kind of questions I might be asked? Thank you. Regards Sumit...
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UBS Wealth Management Americas Superday - Heard anything back?Hey guys, I was wondering if anyone has heard back frm their superday at UBS? I interviewed for the WM Americas Program. ...
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Company Review: Berenberg Bank - AM Private Bankinggood overall working hours, enjoyable team, good pay, not all too much dependancies on other coolleagues. could be in a better city, since frankfurt am main is not of everyones taste as it is pretty small ...
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BAML GWIM/Advisor Development SA I had an OCI over a month ago and still haven't heard back, which I know is not typically a good sign. I e-mailed HR and was notified that they were still considering my application and that I would hear back a bit after Thanksgiving. Has anyone heard back in the NY/NJ region? Should I email them ag...
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Got invited for an NPL internship interview. Cool. What's a NPL?Hi guys, big time lurker here. Used the stuff I learned here to apply and got an interview invite from a pretty cool boutique. Their IB department was full for internships but they liked me so they invited me for an interview in their Non Performing Loans department. 3rd year undergrad, trying to ...
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Goldman Sachs IMD HireVue Interview - LondonHi, Just received an invitation for a HireVue interview for IMD with GS. Any tips for the interview? I know that there are 5 questions. The last one being an IMD related question. Any help is appreciated....
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Asset management career progression - do you start as an research analyst?Hi All, After reading through a few of the threads in the AM forum, I do agree with the general consensus here that the Asset Management career progression seems far less structured than in IB or consulting. I am very interested into switching into a buy-side asset management role and I am wonderi...
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How do you legally invest friends money?I trade using my e-trade brokerage account and I do pretty well. I have a great intuition and all my friends want to give me their money to invest for them. How do I do it? I'm not an accredited investor and have no licenses but still, there's gotta be a cheap quick way to do it. Can I just set u...
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Company Interview: Badon Hill Asset Management - S&Tif the yield on a 10y bond goes up, what happens to convexity tell me about the markets very basic bond honestly.... ..........................................................................................................................................................................................
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Company Review: JP Morgan Securities - Fixed Income Associate - JP MorganVaried tasks, companies and types of securities to analyze. Flexibility in firm coverage, analysis methods and presentation of research.. Long hours, siloed mentality within the company. Limited exit opportunities/advancement within our specific group...
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Goldman Sachs Investment Management Superday - accountingHi! I am about to have a superday with Goldman for IMD. just wondering how much accounting knowledge they will probably ask you! thanks a lot!...
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2018 Full Time IM/ER Recruiting *DECISIONS* Timeline MegathreadNoticed there were threads for IB, S&T and wanted to make one for IM/ER. Opportunities for FT tend to be scarce across the board, so better to let others know when interviews are already underway. Couple programs I've been keeping my eye out for but would love any help in updating/providing informa...
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Asset Management - Analyst Path Questions Hey everyone, looking for some quick career guidance from some AM professionals on the street. Currently (a URM) in undergrad semi/non-target in NYC, and as of now my goal is to end up at an institutional Asset Manager like BlackRock/GSAM/Fidelity. Realizing how few spots and competitive it is to ...
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AIG Investments Summer InternshipI just got a superday invite for SA at AIG Investments, for their Capital Markets or Analytics Modeling groups. I have no idea what the position entails, since the job description is so vague and sounds misleading. The way it's phrased makes it seem almost administrative. Are there any previous inte...
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Fidelity International Fixed Income Internship 2018I just received a video interview invitation from Fidelity International, it is going to be via Viepie. Anyone has done the interview already? I am wondering what kind of questions will be asked since it seems it is the first time for FIL to use video interview to assess candidates. Thanks a lot in ...
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Company Interview: Goldman Sachs - IMDhow do you allocate 100 million asset? why? break down your answer and give clear reasons. Why investment management. walk through the models you made for the previous internship? what do you hate about it? what is your ambition? why you switched your career interest? what do you know about us? what...
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Company Review: Dimensional Fund Advisors - Decent place to workGreat culture, relaxed office environment, low stress, very good benefits, beautiful office space, excellent food. Opaque promotion structure, poor career growth, boring work, below market pay, no access to senior management at all...
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