Stupid Question - why is Operational Risk considered the largest risk to asset management?

And why is it ‘inherent?

(1/7 3am) we're 147 hours into the new year and I've billed about 60 hours (40%) already. 2022 off to a strong start, y'all.

Taking an informal survey how many firms (I) have the junior and midlevel summer associates plan the bulk of the summer events (lunches but also evening events) and (ii) count time spent on the summer program as qualified billable work (in that partners see how much you bill to it on your time sheet)?

Trying to go to Mexico on June, looking for beach and good places to party safely 😬

What’s a good hourly rate for senior copywriters these days in LA? Couldn’t find anything under the search function.

Can someone please explain the kool-aid comments/kool-aid culture I keep seeing in consulting threads LOL I have no idea wtf it's referring to or context on it

I just applied for 3 positions at Microsoft anyone have any connections to refer me?

can anyone pls tell what is the average hike and average bonus given in FIL?

Anybody here from Morgan Stanley Bangalore. Need help with referral.

Talk me out of relocating from DC to Miami

Is it too late in our lives to jump into a mortgage?

So my fiancée and I are relatively late in terms of finally landing well paying jobs and being able to save money instead of living paycheck to paycheck. We’re both 36 and currently rent a 2 bedroom in NY and have a combined savings of $35,000 which she wants to use as a down payment on a condo. I kinda just wanna continue saving while renting. I also literally just started contributing to my 401K so I’m also late in the game for that too.

Hi All,
Does anyone knows about Northern Trust project with IBM?
Thanks

Which is better to join Capgemini or IBM with same fixed components considering work life balance.

Noob question - bought a call debit spread 195/197.50. PayPal is at 199 today - if I hold till expiration I get the 250 correct? Or can I exercise it now and get the 250?

Been at Paychex(payroll) as a channel rep for 3 years. 70k salary and 110k max with commission. Love WFH but need more pay. Want to leave for more money, what's out there and what should I look into? I work I. Bay Area CA

I started doing the 90 min waking rule for when to drink coffee and I’m wondering if it’s all fluff, thoughts? I use to look forward to it.

When messaging a recruiter on LinkedIn, is it best to send a short note about why I’m the best fit for the gig, write a mini cover letter, ask for a time to chat, or something else? Thanks in advance!

I have two questions. I have 10 years of experience in multiple sectors and I have been trying to gain a leadership position. I am attempting my PHR this summer but what are some tips in order for me to obtain a leadership position? Also, how long does it take to obtain another position out of state? I am trying to move to Houston but I don’t want to move until I am confident I can obtain a position in the city before packing up and leaving.

I was recently offered a job as a portfolio implementation analyst at a well known hedge fund. What would my career path look like?

I tutor for cfa if anyone needs help.

I’m currently a Risk Analyst and a full time MBA student. I don’t have any experience working on the investment side of the bank but I would really like to pivot into an investment analyst role. I’m from America, but currently working in London and would really like to stay here. Does anyone have any tips or advise that might help me land an investment analyst role in London?

I work in quant and rely on our company’s database for everydays task, but couldn’t get any support from the company’s tech/data team. It’s been such a struggle. Everyday im fighting with red tapes and firewalls. :(

Curious what’s a fair salary in MA? Was just told that there is likely not going to be a chance for a raise during my upcoming performance review due to my salary already being “above average for the industry” based on my employer’s questionable research. I’ve been with the company 8.5 years & am the only one in my role, which they can’t operate without. I execute tasks from two investment advisors and two financial planners - they make the decisions of what should happen & I make it happen.

Hi,

I’m approaching YE compensation discussions and was curious to see what folks/the industry are paying for institutional middle-market sales/distribution/business-development roles. I have 3yrs of experience with the same firm and am currently working as a sales analyst for the institutional sales team in NA. I have experience with traditional long only solutions, real estate (primarily value add funds), and a sector specific hedge fund. Any and all feedback is welcome!

Due to obvious conditions my comp for the calendar year (salary+bonus) is back to 2017 levels although my overall sales are more than double and 1/3 less total comp than last year. It seems like comp opportunity is always decreasing during good times (I get it) but when it comes to adjusting during bad times, nothing was done. Is this normal for industry sales?

I’m interviewing for an Associate, Private Equity role; I’m currently on the public equity side. Is there anything I should prepare ahead of the interview?

How much was your bonus this year?

I am asked during this RE analyst interview to build a real estate model from scratch. My background is commercial banking and I am used to analyzing real estate deals from the lender side not the developer. The interviewer is generous I must say he’s giving me a few days to complete. However this model is for a ground up multifamily development. I have no prior experience building one. I can find models online but all very complexe to reproduce. How would you handle? Do you have model to share?

Ive got a hedge fund research interview at an asset manager coming up. Spec is to contribute towards manager selection, research HF strategies, emphasis on both quantitative and qualitative research.

Anyone know what kind of skills they might be looking for? Particularly on the quant side as i have less experience there

Thinking about jumping in with Berkeley's flex option for the evening / weekend MBA.

Thoughts?

I’m in asset management sales and keen to accelerate my learning in alternatives (private equity, private debt, real assets, liquid and semi-liquid alternatives) so I can have more productive discussions with clients. 1) What are some good news platforms to stay updated on alternatives space in Asia? 2) Besides CAIA, any educational platforms to learn more about alternatives?

Hi everyone, applied for an investment consulting internship few weeks back.
It's a client facing job, but it might come at a later stage of a job, maybe after finishing my internship and getting a job offer.
I'm interested to know what is the must develop skills, must take courses or must read books to get insight, develop the required knowledge and skills for the position. I majored in business management finance and currently preparing for CFA level 1. Thanks in advance ☺️

Holiday office party coming up tomorrow and I still haven't bought a gift... ugh. Any suggestions? I never know what to bring.

Just promoted midyear to PM at Bofa. salary seemed soft at 150k in top 10 market. Anyone else have any input?

Has anyone taken the CAIA ? Any tips ?

CAIA or CMT?

I do institutional sales for an asset manager. Am graduating in the fall with an MBA from a top 40 school. Would like a designation but dont want to do the CFA.  Between the CAIA and CMT: which one is more applicable to asset management, and better status/recognition? appreciate any insight