Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Nov 2007:30 AM PST
-08:30 AM PST
Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
13 Jan 2010, 20:09
Kudos
Bookmarks
Hoping some current students or recent graduates can chime in here. Also would love to hear from any current or aspiring IMer's!
So, I'm looking to get into IM post-MBA. I'm working on my CFA (Level II Candidate sitting in June), and will be attending either NYU or Columbia (if admitted - fingers crossed!). I currently work in Sales & Trading (Fixed Income). I don't mind taking a 2-3 year route to get into the industry, but I'd like to have a good idea of common/feasible paths.
Aside from the obvious direct transition into a junior PM or equivalent role, what do you believe are the most common feeders into the IM industry? Research comes to mind first and foremost - but what about IBanking? Are there specific IB positions that are looked on more favorably?
My main concern is that recruiting is going to come quickly my first semester, and I hear nightmare stories about IB recruiting. Can I reasonably expect to be able to interview for Research (Equities or FI), IB, AND IM roles? I want to hit the ground running, as I think landing a great internship will really help me get where I want to be.
I'm sure there's lots of questions I'm forgetting, but I hope someone can lend some valuable insight into the industry - I don't see it talked about here much.
Thanks in advance,
So, I'm looking to get into IM post-MBA. I'm working on my CFA (Level II Candidate sitting in June), and will be attending either NYU or Columbia (if admitted - fingers crossed!). I currently work in Sales & Trading (Fixed Income). I don't mind taking a 2-3 year route to get into the industry, but I'd like to have a good idea of common/feasible paths.
Aside from the obvious direct transition into a junior PM or equivalent role, what do you believe are the most common feeders into the IM industry? Research comes to mind first and foremost - but what about IBanking? Are there specific IB positions that are looked on more favorably?
My main concern is that recruiting is going to come quickly my first semester, and I hear nightmare stories about IB recruiting. Can I reasonably expect to be able to interview for Research (Equities or FI), IB, AND IM roles? I want to hit the ground running, as I think landing a great internship will really help me get where I want to be.
I'm sure there's lots of questions I'm forgetting, but I hope someone can lend some valuable insight into the industry - I don't see it talked about here much.
Thanks in advance,
16 Jan 2010, 17:02
Kudos
Bookmarks
NickTW
Yes, banking is a direct feeder into IM, but usually for the industry vertical you were working in (industrials, tech etc). Research is as well but to a lesser extent. Depending on where you want to go, switching from research can be more difficult because IM firms dont want you to come in with preconceived investment notions you picked up in research (which are usually wrong). Research is difficult because there really is only downside to your market calls. There's no initiative to go out on a limb and make a unique call because you get no compensation for it, and if youre wrong all your clients get pissed and your boss yells at you.
In that sense, a lot of IM firms would rather have someone who spent a few years in banking as they know finance inside and out, and have worked long hours so they know there is some work ethic there. In terms of specific banking positions, no not really - I would say the more prestigious the firm/group the better, and from there on out it will be up to you to network with recruiters. Good luck.
17 Jan 2010, 19:31
Kudos
Bookmarks
Ginetta,
Thank you for the response, it's been surprisingly difficult to find good information on this subject!
It sounds like you have some personal experience with this - would you mind elaborating on one or two things? I'm going to apologize in advance if these questions are poorly worded and reflective of my ignorance
*Lets assume I end up in banking. After ~2 years in banking, what would the typical move into IM be? I guess that would depend primarily on the network I develop during my time in banking and prestige of my position, but in general what sort of IM position could I expect as an exit opportunity? Asst. Portfolio Mgr? Analyst? VP of Awesomeness?
*Outside of Research and IB, are there any other potential feeders I'm leaving out?
*Are you a prospective student as well? If not, can you speak to the potential for IB/IM/ER recruiting? I know IB typically comes on campus early, where do IM recruiters typically come into the picture? Is it possible to recruit for both?
Thanks again for your input!
Thank you for the response, it's been surprisingly difficult to find good information on this subject!
It sounds like you have some personal experience with this - would you mind elaborating on one or two things? I'm going to apologize in advance if these questions are poorly worded and reflective of my ignorance
*Lets assume I end up in banking. After ~2 years in banking, what would the typical move into IM be? I guess that would depend primarily on the network I develop during my time in banking and prestige of my position, but in general what sort of IM position could I expect as an exit opportunity? Asst. Portfolio Mgr? Analyst? VP of Awesomeness?
*Outside of Research and IB, are there any other potential feeders I'm leaving out?
*Are you a prospective student as well? If not, can you speak to the potential for IB/IM/ER recruiting? I know IB typically comes on campus early, where do IM recruiters typically come into the picture? Is it possible to recruit for both?
Thanks again for your input!
, but I'm sure she's excited about the prospect of Ibanking hours.
