Careers in Investment Management (American Perspective)

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  • 1. Welcome to the Evisors Webinar Visit us online at www.evisors.com Investing in your Future: Careers in Investment Management featuring Maggie Marcotte Hosted by: Career Advisors on Demand..com/webinars
  • 2. Investing in your Future: Careers in Investment Management About Maggie Education • McGill University, B.Comm,2005 Experience • Analyst in M&A group, UBS Investment Bank. • Associate at DGAM, Fund of Hedge Funds • Senior Associate at Willett Advisors, Family Office & Foundation Hosted by: Career Advisors on Demand..com/webinars
  • 3. Investing in your Future: Careers in Investment Management About Maggie Overview of the Industry How to Research the Industry What are Firms Looking For? What to Expect in the Recruiting Process Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 4. Overview of the Industry Asset Allocators Pensions, Asset Managers, Family offices, Endowments & Foundations, Insurance companies, Private Wealth Managers, Asset Managers Strategies Private Equity, Hedge Funds, Real Estate & Real Assets, Public Markets & Direct investing, Cash Management/Treasuries, Mutual Funds, etc… Roles Investment Research & Due Diligence, Economist, Risk Management, Portfolio Management, Operations Hosted by: Career Advisors on Demand..com/webinars
  • 5. Investing in your Future: Careers in Investment Management About Maggie Overview of the Industry How to Research the Industry What are Firms Looking For? What to Expect in the Recruiting Process Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 6. How to Research the Industry • Vault Guides are a good general introduction • Alumni & Career centers • Evisors • Industry Publications such as: – Hedge Fund Alert, The Deal, Albourne, Absolute Return, The HF Journal, HFM, etc… • Prime broker and consultant research on industry trends • Annual reports from E&F, Pensions, Insurance companies, Hedge Fund Investor letters and 13-F filings (SEC) • News Sources: – WSJ, NY Times, FT, Bloomberg • Finance Books: – The Big Short, The Black Swan, Hedgehoggers, Barbarians at the Gate, Buffett: The Making of an American Capitalist Hosted by: Career Advisors on Demand..com/webinars
  • 7. Investing in your Future: Careers in Investment Management About Maggie Overview of the Industry How to Research the Industry What are Firms Looking For? What to Expect in the Recruiting Process Q&A Hosted by:See the rest at evisors.com/webinars/webinar/16
  • 8. What are Firms looking for? Passion • Previous work experience • Investment club or personal investments • Ownership of an asset vs. transaction experience • Investment ideas • Informed on markets and industry trends Skills • Need strong analytical and quantitative skills • Attention to detail • Valuation, Statistics, portfolio management and understanding of basic macro-economics, probability & scenario analysis • Critical thinking. What could go wrong with this investment? • Excel proficiency • Report writing. There is usually a significant amount of writing/reports in the asset management role. Experience • Previous Asset Management Roles, Investment Banker, Research Analyst, Statistical Analysis, Accounting • Finance or Econ Major, MBA, CFA and/or CAIA, CPA/CA, Finance & Accounting classes • Personal investment track record Hosted by:See the rest at evisors.com/webinars/webinar/16
  • 9. Investing in your Future: Careers in Investment Management About Maggie Overview of the Industry How to Research the Industry What are Firms Looking For? What to Expect in the Recruiting Process What to Expect in the Interview Q&A Hosted by:See the rest at evisors.com/webinars/webinar/16
  • 10. What to expect in the recruiting process • Cover Letter & resume • Tailor application • Draw on your experiences • Get a personal introduction where possible. Use your network/alumni • Walk through resume • Basic questions on your interest in the position/firm • Technical/Finance questions to screen • Personality (include interests, volunteer & sports) • Research the people you are set to meet • Prepare questions • Often meeting more people to gauge fit • More technical & Finance questions • Possible case studies (usually advance notice) • Investment views/ideas • Brain teasers • Prepare thoughtful questions. Make sure you will be happy with role and firm. Application First Round Second Round + Hosted by:See the rest at evisors.com/webinars/webinar/16
  • 11. Investing in your Future: Careers in Investment Management About Maggie Overview of the Industry How to Research the Industry What are Firms Looking For? What to Expect in the Recruiting Process What to Expect in the Interview Q&A Hosted by:See the rest at evisors.com/webinars/webinar/16
  • 12. Questions & Answers Question 1: What is the daily lifestyle like within an asset management career vs. A fund-to-fund investing career? Hosted by:See the answer at evisors.com/webinars/webinar/16
  • 13. Questions & Answers Question 2: What is expected in an interview and a stock pitch? Hosted by:See the answer at evisors.com/webinars/webinar/16
  • 14. Questions & Answers Question 3: What is the difference between sales/trading and investment management? Hosted by:See the answer at evisors.com/webinars/webinar/16
  • 15. Questions & Answers Question 4: How difficult is it to switch from a technology to an investment management background? Hosted by:See the answer at evisors.com/webinars/webinar/16
  • 16. Questions & Answers Question 5: Could you provide more information on investment resources? Hosted by:See the answer at evisors.com/webinars/webinar/16
  • 17. Questions & Answers Question 6: How does the recruiting process for investment banking compare to private equity? Hosted by:See the answer at evisors.com/webinars/webinar/16
  • 18. Questions & Answers Question 7: What makes someone happy working in investment management? Hosted by:See the answer at evisors.com/webinars/webinar/16
  • 19. Thanks for Joining! Book your session with Maggie at www.evisors.com/expert/1123 Hosted by:See the rest at evisors.com/webinars/webinar/16