How difficult is it to get into GSPWM DC office during full time undergrad. recruiting?
If I have Asset Management internship experience from another BB my junior year internship.
What is the DC office typically known for?
Thanks!
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Goldman Sachs PWM in DC
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How to network with senior VPs and brokers at investor presentations?
As a summer intern at an investment firm, I am often at investor presentations, where there are many experienced brokers and VPs in attendance. I am by far the youngest person there and find it difficult to network with big shots. I've had some small talk here and there but nothing big. I want to take full advantage of these great networking opportunities but am finding it difficult to start conversations and build relationships, especially at these events. Any help/tips would be appreciated.
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Need some insight on my interview (recap)
So I had an interview with a small advisory firm. It lasted about an hour and ten minutes, the last 20 covered my questions. Rapport was good (he even dropped an expletive or two - in jest). I provided a valuation that he said was similar to what they did there. He even mentioned that another position would open up so not to worry if I didn't land this opportunity. At the end he said he thought he had a good understanding of why I was career switching, and that there were no other questions that he had.
He asked basic things about me, but did not ask about references or any technical questions. What do you guys think?
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Transition From Corporate Finance
Hi guys...long-time lurker here. I'm looking for advice on how to transition from corporate finance (FP&A role) into investment management. I graduated a year ago with a 3.7 GPA from a target school, but ended up taking the corporate finance role as it was the only offer I had.
However, I'm pretty miserable in my role and want to transition to investment management now without waiting several years to get my MBA. I'm networking with alums at companies like BlackRock and State Street now hoping to get an entry-level role. Am I aiming too high or should I look for boutique firms that will more readily accept someone from a less traditional background? Is it even likely for me to make the switch out of corporate or should I just tough it out and wait to get an MBA?
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Is this FO or BO at Blackrock?
Within the Client Businesses, we pride ourselves on creating, communicating, and delivering investment solutions for clients worldwide. The Client Businesses serve both institutional and retail clients, including corporate, public, union and industry pension plans; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions; banks; and individuals worldwide. This opportunity to join as an Intern within the Client Businesses provides broad exposure to Asset Management, the market, and a wide variety of financial products.
The internship could be in one of the following areas: Retail, Insitutional or iShares
RETAIL
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PM Level Comp
Trying to get an idea of long-term compensation, relative to other buy-side roles. Does anybody know what the median compensation is at the PM level for a larger, well known shop (Neuberger Berman, Nuveen, etc.)?
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Buy-side ER exit ops
I am currently an associate at a large mutual fund and was wondering what the typical exit ops look like besides the usual l/s HFs. In particular: PE in the industry you cover? Special situation funds? Event-Driven?
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Investing on my own
This is probably an unpopular sentiment, but I'm not good with the nuisances of the working world. I've really given some thought to it, and if I can't break into Asset Management, i'm thinking of putting my money into the fray by investing on my own.
Any of the WSOer insights would be a lot of help. There are some things I don't quite know perfectly yet.
I'm currently studying for my CFA, plan to read books ranging from McKinsey's valuation to Aswath Damodaran and Pearl/Rosenbaum. This is to sharpen my theory and valuation techniques.
I'm currently in commercial banking learning about the concepts of fundamental and cash flow analysis. So I'm hoping that by the time I leave, I'll have some real world economic experience.
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Junior Analysts
Have any of you ever felt like the management and/or the IR people are slightly looking down on you during conference calls or (albeit less common) the meetings just because you are a junior member of the team? I do a lot of calls myself with these people, as we have a small team/horizontal structure, and quite often I feel like they don't take these conversations as seriously as they would with the more senior guys. What are your thoughts?
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SIte Visits As an Intern
Hey guys,
I'll be interning at a research focused AM soon and was wondering whether interns generally do go on site visits with the team and whether they are expected to actually participate or just observe?
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Closed-end mutual fund product development
Can anyone give any insight into what career implications (if any) this position has? Anyone work in this area, skill-set or relationships developed?
The Product Development team is responsible for providing product management and oversight to more than 100 mutual funds.
As a member of the Product Development team, you will support the relevant team leader and will develop relationships with key business partners across the firm in order to provide support to our mutual funds, with a focus on product economics and closed-end fund support.
Key responsibilities will include:
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Help! Meeting with PWM Director next week
So next week I will be meeting with the Head Director at a local boutique PWM Firm about possible summer opportunities at the firm. How should I prepare for this meeting? How should I market myself so that he would be willing to create some sort of paid/unpaid PWM Internship for me.
To give you some background, I currently am a rising Junior at a Target School. However, I'm majoring in Engineering with a minor in Economics. Also, how should I address the following possible questions he might ask:
Considering you're majoring in engineering, why do you want to work in PWM?
In what ways can you contribute to our firm?
Thanks for your help guys.
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Calculating asset class returns
Hi guys, I've attached a simple Excel file. Within it, there are two pages, one which contains calculations for asset class weights, total returns and portfolio returns and the other contains the data I made up. My question is simply, how does one appropriately calculate the total return of each asset class? Cheers
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Other people in buy-side in Boston
Title should say it really. Interested in meeting other people on the buy side in Boston. Feel free to PM to set something up. I'm on the HF side but Boston is clearly dominated by AM firms (therefore under AM header).
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Wealth Management/ Private Bank Financial Sponsors Group
Can anyone explain what exactly the financial sponsors group within the private banking/ WM division of a bank does?
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Urban Investment Group @ Goldman Sachs?
Does anyone have any insight on this group? What is the interview process like for an analyst role?
http://www.goldmansachs.com/what-we-do/investing-a...
Thanks!
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Why is PWM looked down on?
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White Papers/Research on Fundamental vs Quantitative returns?
I was wondering if anyone knows of any research work done on fundamental fund returns vs quantitative fund returns in aggregate? (eg. top 10% Fundamental funds vs top 10% Quantitative funds or something along those lines).
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Goldman Sachs Summer Analyst Orientation
What is the Goldman Sachssummer analyst orientation like (for IMD in particular)? What do you do for five days?
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Senior year going into Finance worth it?
Hey all, I have been reading though a lot of discussions on here and finally am ready to ask for my own advice. So I know that I am in a bad situation but I am willing to make the best out of it.
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