Getting into BlackRock PMG

I'm reposting this with slight changes as I've talked to an analyst at the FMA division in London. Basically, he said he wasn't content with his position and is actively trying to move to PMG, but is also failing. He couldn't give me any comments on the PMG division except that it's "almost impossible" for me to break into. I'd genuinely appreciate any insight into this. Is it really almost impossible?

I'm taking the CFA L2 by the end of Aug then heading to my MSc (which same program the analyst I spoke to attended, except he hasn't done any CFA work). If it's really impossible, what are some other decent divisions I should aim for?? 
Thanks. 

 

Hey eerie_eps, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:

More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I'm not sure about London, but I know people who have moved from FMA into core PM in NYC. FMA is a sweatshop relative to a lot of teams at BLK and their pay does not reflect it. PMG at BLK can mean a couple things. Getting into the core PM role is not hard and can definitely be done, their alpha teams are much smaller, so much harder to get into. PAG is a great first team to join as you would learn a lot about the area you cover and would be working with a lot of the PMs at BLK.

 

thanks for the insight, appreciate it! 

i have contacted a clerk from the recruitment team at my university and someone told me that FMA is indeed the brunt of BLK. 

i'm still confused though what you mean by alpha teams. do you mean teams like iShares, quant..etc?? 

 
Most Helpful

Ratione debitis et voluptatem rerum qui blanditiis. Dignissimos ipsa consequuntur nemo dolores ullam et et. Modi voluptatem accusamus ut magnam magnam velit officiis. Qui incidunt earum laudantium aut dolores aut commodi et. Soluta tempore libero voluptas error laudantium quas.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”