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?  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 Asset Management Branches Asset Management Investment Management Private Client Services Private Banking 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 Typical Career Path James Madison University 2-4 Year Analyst Program Hedge Fund Manager Graduate School Portfolio Manager Associate Level 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 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 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 Three Skills for AM  Qualitative  Quantitative  Communication 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 you value a company? Tools/Resources JPMorgan Careers; Asset Management  Vault Guides: Finance; Investment Mngt  ... governments, foundations  Asset Classes: Fixed Income, Equities, Hedge Funds, Private Equity, Real Estate, etc Asset Management Branches Asset Management Investment Management Private Client... 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?  Investment & Wealth Management. .. securities that you are bullish on  How you value a company? Tools/Resources JPMorgan Careers; Asset Management  Vault Guides: Finance; Investment Mngt 