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Careers in Finance: Asset Management

Careers in Finance: Asset Management. Kurt Martinson 01.16.2008. Overview . What is Asset Management? Sub-classifications of AM. Areas within AM. Day in the Life. How to get in? Skills needed. Interview Prep. Tools/Resources. What is Asset Management?.

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Careers in Finance: Asset Management

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  1. Careers in Finance:Asset Management Kurt Martinson 01.16.2008

  2. Overview • What is Asset Management? • Sub-classifications of AM. • Areas within AM. • Day in the Life. • How to get in? • Skills needed. • Interview Prep. • Tools/Resources.

  3. What is Asset Management? • Investment & Wealth Management solutions. • Clients: Institutions, high net worth clients, retail investors, pension funds, governments, foundations. • Asset Classes: Fixed Income, Equities, Hedge Funds, Private Equity, Real Estate, etc.

  4. Asset Management Branches

  5. Areas in AM • Client Side v. Alpha Side: • Client- • bringing in new business. • servicing current clients. • explaining strategy & products. • Alpha (Analytics)- • construct portfolios. • directly trade securities. • monitor daily accounts.

  6. Typical Career Path James Madison University 2-4 Year Analyst Program Graduate School Associate Level Hedge Fund Manager Portfolio Manager

  7. Analyst Job Options • Investment Analyst: • financial analysis • prepare client communication materials • assist PM in developing trade flows • review comparisons of account positions • Research Analyst: • work with buy-side analysts • analysis & views on products, securities, industry sectors, etc.

  8. Analyst Job Options • Quantitative Analyst: • build models for wide range of products. • provide metrics to PMs to help in portfolio construction. • Client/Marketing Analyst: • product & services positioning. • prepare client presentations. • perform competitive analysis. • respond to client inquiries.

  9. Day in the Life... • 06:15am- Wake up to get ready for work. Read both the WSJ & Financial Times on my way in. • 07:30am- Just getting into the office; look over Research broker reports. • 09:00am- Morning meeting to discuss news, results and anything else affecting client portfolios. • 10:00am- Meet with colleagues to discuss business issues regarding the team. • 11:00am- Meeting with Hedge Fund which deals in international equities that some clients hold. • 11:50am- Take call from Research Sales guy inviting me to lunch later that week with one of their corporate clients. Shares look expensive on first look so I decline. • 12:45am- Lunch with a potential investor. • 02:30pm- Meetings until 5:30 with teams and researchers discussing views on the market and portfolio strategies. • 5:30pm- Attend presentation being put on by Jersey trust company, one of our biggest clients. • 7:30pm- Pick up some research, return phone calls and head home on the train.

  10. Three Skillsfor AM • Qualitative • Quantitative • Communication

  11. Interviews • Prep Work: • Be well read on the markets and the economy (WSJ, Barron’s, Financial Times etc.) • Have your “Tell me about yourself” statement. • Know three level above what your resume states. • Know the job you are applying for. • Why that particular company? • Why is that position a good fit? • Have thoughts on economy ready. • Have pitch for securities that you are bullish on. • How do you value a company?

  12. Tools/Resources • JPMorgan Careers; Asset Management. • Vault Guides: Finance; Investment Mngt.

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