Why you can't get into asset management (painful truths)...
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- เผยแพร่เมื่อ 14 มิ.ย. 2024
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02:29 - Poor level of knowledge
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Hey! I'm Afzal Hussein. I make videos on banking and finance, careers, productivity and lifestyle. I'm also building Simpley (a marketplace for career advice), and I teach on Skillshare. Before all of this I started my career working at an investment bank called Goldman Sachs. Hit the various links above to find out more about me. Thanks for passing by!
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This is just a wow video! Got me a lot of clarity on what I actually want to do in Finance.
2:00 don't be a member, rather take on a leadership position.
3:00 poor knowledge of AM or fund management or investment management. they're the same.
3:15
competency-based question - tell me when a time ... (situational judgement), detail, teamwork, leadership.
3:50
technical question - who are our clients, and why does the world need asset manager. why you are interested in AM over trading and sales.
4:05
brain teaser - think out loud.
4:20
company-specific or commercial awareness.
such as, say for PIMCO.
their clients, their CEO, how many regions they're operating in, and what area do they specific focus on, where they best and not best at, who are key competitors, and are they better in fixed income portfolio mgnt, or equity mgnt.
6:55 IMC, investment management certificate: allow you give advice to clients.
9:05 understanding the role: sales is to pitch the clients and bring the money.
Great content Afzal. Always amazing.
I got into asset management by becoming a chartered accountant first. Good way in, and no need for CFA.
Really? I’ve never heard of getting into asset management after doing , say, ACA
@@vasimalsalibi4729 qualify with a top tier firm, and if in UK do ICAEW to gain ACA status. You will know more about how companies actually work than a CFA will do at qualification.
@@JamesandRibble I am doing the ACA but from what I've heard its completely useless if your goal is to get into IB. ACA is for auditors, internal auditors and accountants.
@@vasimalsalibi4729 I'm a fund manager, running an investment trust. Quite a few in my firm are ACA. So not sure where you heard that, it is also a good route into corporate finance. Anyway, good luck with it all.
@@vasimalsalibi4729 IB is not the same as Asset/Fund Management
I found this channel randomly; glad I stopped by! Great content!!
Thanks! 👊🏽
Thank you brother !
Hi Afzal, I always notice your bookshelf in your videos. Can you upload a video where you talk about your favourite books that are asset management / banking related? Thanks
Hey Afzal, appreciate the content on the CFA charter. Any odds you could do a video on the CAIA and its applicability ?
What about PEVC, is there any sale team and investment professional separated?
Its as if brudda knew i had an asset management interview in 9 hours and dropped this vid. Lifesaver. Thanks bro
Good luck bro
Lol good luck!
@@scarecrow87 Unfortunately I didn’t land the internship role…. I met all the requirements on the job listing but I couldn’t answer a lot of the senior analyst’s questions and he was really scrutinising me regarding on the job questions. Didnt seem too pleased about it when I tried justifying that I was just a second year uni student but i have more investment related knowledge than the average student. I thought it was a stress test at first, but as time went on he kept having a go at me for being under qualified despite me ticking off all the boxes on the job requirements shown on the listing. It was a small asset management firm so I thought i’d be able to land it. He had some valid points that it’s extremely competitive and that i had to bring my A game (which i didnt) But oh well, we move.
@@nabilkamaludeen1804 What were some of the questions asked?
@@nabilkamaludeen1804 share some of the ques that were way beyond your expectation...
Hey Afzal, been a few years out of school working primarily commercial banking, how do you transition to asset management?
Hi Afzal, as an investment manager, do we have to find new customers by cold calling? Like sales person??
Is an IMC for workers in the UK or US as well?
Why IBD no sale team and analysts team separated ?
Kindly make some videos for CISI and its level
Are there any courses to learn the asset management analyst
What is cover letter ?
Bro please you do a vid specifically on AM salary for diff roles as well as their prospects n exit opps. Hard to find any info on buy side it’s all IB.
That would be a great video
Afzal - I wanted to ask: when it comes to "relevant experience" - does this exclude commercial banking? It's not directly asset management - but there is a lot of cross over (e.g. financial modelling, credit/investment memorandums, accounting, economics)
Yeah that's relevant enough 👍🏽
Awesome man - thanks for the response!
What if youve done an MSc in Finance that's CFA accredited instead of CFA level 1? Does that help bridge the gap in some way?
ngl I just got offered a grad role within an AM firm, client focused. Really wasn't that hard and don't have any of the experience or things you mentioned here.
Its not true bro... I had 60% in 10th 50% in 12th i still landed in IB and am not from some big college its all about how much u grind in trenches!
You ain't working a FRONT END job .. For back end job all the masses can get in....
@@tejaswiguttina3144 not true lmao you just aren’t networking hard enough pal
@@NomadLovesUs Which country are you from? If India then let me tell you IT'S IMPOSSIBLE TO GET INTO A FRONT END INVESTMENT BANKING ROLE without proper graduation score & without a big college tag .... I'm talking about FRONT END rolesar all the Elite Boutiques & Bulge Braket banks ...
@@tejaswiguttina3144 front office*, and the content creator is from the UK so I assume most people comment are from there as well
most helpful guy on youtube - much appreciated
💪🏽👊🏽
💯
Afzal guru r u
Why u r not apply for govt job
I am already in asset management as my very first job. Just go to a big school and mostly likely your first job is gonna be at an asset management or an IB
What would you consider a "big school" ?
@@Jerryfromtheblocm top tier - Ivy league, Stanford, Virginia, Michigan, NYU, etc
No chance if it's not ivy but European top 100?
@@Zaratustra88153 You’re wrong. Carnegie Mellon is not an Ivy, UC Berkeley is not an Ivy, Caltech is not an Ivy, Stanford is not an Ivy, GA Tech is not an Ivy. I attend UC Berkeley and still made it.
Why so? Can you elaborate? Does your uni give many referrals?
*INVESTMENT IS THE MOST POWERFUL TOOL OF RICHES NO MATTER WHAT YOU ARE IN WEALTH IF YOU DON'T INVEST YOUR WEALTH DIMINISH AND YOU REMAIN IN SIGNIFICANT*
I absolutely agree with you but only if the grace of God is sufficient enough for that individual
If people can understand the opportunities they are missing today in trading investment l think they will actually help to call for attention
*I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $100k*
*Expert Mrs Samantha Wilson* once said *"TO get what you never had before you have to do what you never did before"*
Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works
investment banks are not easy to get into
They never are
An asset manager is not an investment bank. They are two different things
For the Algorithmus
#Legend
*Nice video !! I am convinced that the poor too could be rich , if they invest wisely and diversify their income. Investment isn’t a get rich scheme but key towards financial growth and stability*
@Gabriel Marc I have always wanted to invest in this crypto of a thing but I do not know how to go about it if you don’t mind , Can you share some ideas out here ?
@Gabriel Marc Thanks for the advise and you are right about the rumors regarding financial adviser . But I’m ready to try. If you do not mind , How can I contact Mr Rodney Hamilton Steve?
I tell everyone who would listen don’t rely on just salaries and do not save all your money in the bank as bank wouldn’t give you any returns. Invest your money and diversify your income on something productive so in the long run, you will be happy with your decision.
I got to know Rodney Hamilton Steve on a TH-cam video , where I read a comment of his great works. I had my doubts just as anyone reading these now. So , I did some research and decided to give him a try . Today, I’m glad I did as I’ve made $100k working with him. I would advise that you do a proper research when you something keeps repeating so that you don’t miss out on any opportunity as a result of doubts.
The Key to becoming successful, never give up , try and try again until you’ve succeeded. Failing doesn’t mean the end of the road . A failure is one who gives up when down. Don’t let anyone stop you from trying out any investment. Lastly , Fears and doubts kills ,never procrastinate. Just do it for it is best trying than not trying at all.
simple solution get your friends dad who owns an asset manager to hire you. Lol