What do interns do in asset management?
Through the Asset Management program, you'll be either a Client or Product Analyst. You'll have the opportunity to analyze and develop investment strategies that support our clients' needs, or you'll research, grow, and manage investment solutions for our global clients.
In summary, being an intern in asset management was a great experience, and allowed me to better understand what I was interested in. Asset management is very attractive for quite a few people: the pay is good (not as much as other banking jobs like sales/trading or M&A) and the work / life balance is great.
Interns are involved in all aspects of the investment process including asset allocation, portfolio construction, manager and investment selection, and portfolio monitoring. Interns gain intensive investment management training while interacting with some of the world's premier investment managers.
Learning more about the Asset management Career Path can help with these discussions. Candidates could practice case studies and work through investment scenarios to demonstrate their analytical and decision-making skills. Also, doing mock interviews would help refining answers and boost confidence.
Thus, an asset manager's role is to determine what investments to make or avoid and to realize the client's financial goals within the client's risk tolerance limits. The investments may include stocks, bonds, real estate, commodities, alternative investments, and mutual funds, among the better-known choices.
Management Intern Salaries in India
The average salary for Management Intern is ₹48,317 per month in the India. The average additional cash compensation for a Management Intern in the India is ₹35,856, with a range from ₹35,856 - ₹35,856.
In this program, interns explore various aspects of wealth management, including investment management, financial planning, and creating platforms to help consumers save money and make investments. Subspecialties within Goldman Sachs' wealth management internship include: Financial planning.
The estimated total pay range for a Intern at Vanguard is $24–$42 per hour, which includes base salary and additional pay. The average Intern base salary at Vanguard is $29 per hour. The average additional pay is $2 per hour, which could include cash bonus, stock, commission, profit sharing or tips.
- Get a bachelor's degree. ...
- Determine the aspect of asset management you prefer. ...
- Gain relevant experience. ...
- Apply for a job. ...
- Get a postgraduate degree or certification. ...
- Network. ...
- Financial skills. ...
- Analytical skills.
- Obtain a finance degree. ...
- Consider an apprenticeship. ...
- Consider an internship. ...
- Apply directly. ...
- Obtain an entry-level role. ...
- Develop your skills. ...
- Work your way up to an asset manager position. ...
- Showcase your skills.
How do I pass an asset management interview?
- Know the markets inside and out. ...
- Prepare ~5 stock pitches.
- Understand how you would allocate the portfolios for different client archetypes.
- Brush up on basic accounting and finance topics, e.g., discounted cash flows; financial statements.
- Know your story, including:
Historically, the three main asset classes have been equities (stocks), fixed income (bonds), and cash equivalent or money market instruments. Currently, most investment professionals include real estate, commodities, futures, other financial derivatives, and even cryptocurrencies in the asset class mix.
Asset Manager Qualifications/Skills:
Excellent communication skills. Strong time-management skills. Detail oriented and highly organized. Skilled in negotiation and project management.
Asset management is a prestigious field that demands top talent. There are fewer positions available than in areas such as investment banking, and the relatively lower number of jobs coupled with the high level of qualifications can make landing an opportunity in this field a challenge.
- Stripe — $9,064.
- Roblox — $9,017.
- NVIDIA — $8,280.
- Coinbase — $8,206.
- Meta — $8,160.
- Capital One — $8,050.
- Credit Suisse — $7,947.
- Bain & Company — $7,873.
Pay. You'll notice that many internships opt to pay an hourly wage or salary. But you might also find some that pay weekly or monthly stipends. The average hourly wage of an intern tends to fall between $15.67 and $19.51 for freshmen and seniors in college, respectively.
How much does a Graduate Internship make in California? As of Feb 25, 2024, the average hourly pay for a Graduate Internship in California is $15.38 an hour.
The estimated total pay range for a Intern at Goldman Sachs is $97K–$161K per year, which includes base salary and additional pay. The average Intern base salary at Goldman Sachs is $108K per year. The average additional pay is $17K per year, which could include cash bonus, stock, commission, profit sharing or tips.
$59 (Median Total Pay)
The average Intern base salary at Goldman Sachs is $51 per hour. The average additional pay is $8 per hour, which could include cash bonus, stock, commission, profit sharing or tips. How was this calculated?
Goldman's summer programs are particularly competitive — the acceptance rates for internships across the firm are about 1.5%, including for investment banking, according to a person familiar with the program. Harvard's acceptance rate, by comparison, is 3.4%.
How much does BlackRock pay its interns?
The estimated total pay range for a Intern at BlackRock is $38–$68 per hour, which includes base salary and additional pay. The average Intern base salary at BlackRock is $44 per hour. The average additional pay is $7 per hour, which could include cash bonus, stock, commission, profit sharing or tips.
Average BlackRock Intern yearly pay in the United Kingdom is approximately £45,824, which is 95% above the national average. Salary information comes from 20 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.
As of Feb 27, 2024, the average hourly pay for an Intern Investment Banking Analyst in the United States is $22.50 an hour.
Finding a position may be challenging as there are fewer jobs than in areas such as investment banking. Competition is keen and employees are highly qualified, typically holding both an advanced degree and professional designations.
As a post-MBA Analyst at a large mutual fund, total compensation might be on par with what post-MBA IB Associates earn: around $250K to $350K. At the Portfolio Manager level, earning potential is around $1.0 – $1.5 million per year.
