Questions about Asset Management

I'm a college freshman and I've decided I want to try to pursue Asset Management instead of IB. I just have some questions regarding it.

  1. Is the timeline for recruiting the same as BB IB?

  2. Some banks like Morgan Stanley on their first-year enhancement program don't list AM. Does it fall under Wealth Management?

  3. What does total comp look like at entry level?

 

Based on the most helpful WSO content, here's what you need to know about recruiting timelines for Asset Management (AM):

  1. The timeline for recruiting in AM can differ from that of bulge bracket investment banking (BB IB). While some top asset management firms may recruit on a similar schedule to investment banks, particularly through on-campus recruiting (OCR), many AM firms have more ad-hoc recruiting practices. This means they may not adhere to a strict timeline and could hire as needs arise. It's important to be proactive and keep an eye out for opportunities, as they can come up at any time.

Remember, the key to breaking into AM is often about being in the right place at the right time, and networking can play a significant role in learning about these opportunities.

Sources: Life as a Top Asset Manager, Why Work in Asset Management?, Asset Management as a long-term career?, Senior Associate Recruiting - Timeline for Recruiter Outreach, Recruiting timeline (UK edition)

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

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