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05-17-2007, 01:22 AM
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#1 | | Senior Member
Join Date: Aug 2004
Threads: 57
Posts: 1,696
| investment management vs ibanking
How come nobody every talks about investment management? Is there something wrong with it hours(cant be worse than ibanking) or compensation wise? All anyone discusses in IB,PE, and hedge funds, but investment management is a huge field, but I never here a word about it at Stern or on these boards. I'm interning at blackrock and am interested in getting into portfolio management, but is it a respectable career? | 
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05-17-2007, 05:52 AM
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#2 | | Junior Member
Join Date: Apr 2006
Threads: 7
Posts: 60
| Of course it is. Shorter hours, possibly more money, especially at places like BKK.
Even if you're an entry-level analyst at a 'normal' mutual fund, you will still gain valuable skillsets and investment analysis experience - something one wouldn't get in operations for example( no offense ) | |
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05-17-2007, 03:01 PM
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#3 | | Senior Member
Join Date: Aug 2004
Threads: 57
Posts: 1,696
| is investment management necessarily being a mutual fund manager? I heard the compensation was bad for mutual fund managers. | |
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05-17-2007, 06:18 PM
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#4 | | Member
Join Date: Oct 2005
Threads: 14
Posts: 310
| for someone interning at Blackrock you know surprisingly little  how come? how'd you get that internship? | |
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05-17-2007, 08:30 PM
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#5 | | Senior Member
Join Date: Aug 2004
Threads: 57
Posts: 1,696
| I'm in the legal and compliance department, all my friends are involved in I-banking, and theres no good online resources, so theres really no one I can ask. | |
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05-17-2007, 11:27 PM
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#6 | | Junior Member
Join Date: Mar 2006
Threads: 2
Posts: 43
| Investment Management is not purely mutual funds. I am interning for the 2nd summer at an investment management and 2/3rds of of the 570 billion managed are in equities. Different styles, value/growth/core, and valuations small/mid/large cap companies are the variences in departments. Great place and much better than Ibanking. | |
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05-17-2007, 11:30 PM
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#7 | | Senior Member
Join Date: Aug 2004
Threads: 57
Posts: 1,696
| how is the compensation/hours for a first year analyst at a decent firm? | |
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05-18-2007, 09:49 PM
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#8 | | New Member
Join Date: May 2007
Threads: 6
Posts: 24
| You would find a lot of information if you just searched. As a first year analyst, IBankers work 80-100 hour weeks from what I've heard. | |
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05-18-2007, 10:01 PM
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#9 | | Senior Member
Join Date: Aug 2004
Threads: 57
Posts: 1,696
| i know what ibankers make/work, the whole question is about investment mangement | |
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05-19-2007, 01:44 AM
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#10 | | Junior Member
Join Date: Apr 2006
Threads: 7
Posts: 60
| You're not in the investment-making decision side, so pay will differ.
That said, try to talk to people around you and also to the "real" analysts in your company during your internship. | |
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05-19-2007, 06:07 PM
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#11 | | New Member
Join Date: Aug 2004
Threads: 1
Posts: 5
| -50-60 hour weeks on average.
-Compensation (entry level): similar base to banking (~60k), but much lower bonus (~20-30K).
-Fund managers make a hell of a lot of money. However, it would take you at least 10+ years to be lead fund manager on a fund at a major asset manager and a lot of luck/smarts. Additionally, at most asset managers out of school you would get hired into a support role that doesn't really have much to do with any of the daily activities of managing and trading the portfolios.
"Investment Management is not purely mutual funds. I am interning for the 2nd summer at an investment management and 2/3rds of of the 570 billion managed are in equities. Different styles, value/growth/core, and valuations small/mid/large cap companies are the variences in departments. Great place and much better than Ibanking."
-Mutual funds can be composed of stocks or bonds. So when you say 2/3rds are managed in equities, those are most likely in equity mutual funds. | |
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