Why you can't get into asset management (painful truths)...

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TIMESTAMPS:
00:00 - Intro
00:22 - Nothing to talk about
02:29 - Poor level of knowledge
04:46 - Sponsor (Analyst Prep)
06:17 - IMC (Investment Management Certificate)
07:29 - CFA (Chartered Financial Analyst)
09:03 - Understanding the roles on offer
10:23 - CVs and Cover Letters
12:23 - You don't know your 'why'

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MY GOLDMAN SACHS CV AND COVER LETTER:

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ABOUT ME:
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!

#AssetManagement #Finance #Careers

PS: Some of the links in this description are affiliate links that I get a kickback from 👊🏽

[AfzalHussein]

Get 20% off all Analyst Prep programs using the code ‘afzal20’ and these links:

[judyl.]

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.

[JamesandRibble]

I got into asset management by becoming a chartered accountant first. Good way in, and no need for CFA.

[nabilkamaludeen]

Its as if brudda knew i had an asset management interview in 9 hours and dropped this vid. Lifesaver. Thanks bro

[luvratan]

This is just a wow video! Got me a lot of clarity on what I actually want to do in Finance.

[Barkat]

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

[jayhoovy]

I found this channel randomly; glad I stopped by! Great content!!

[hakeembaba]

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!

[keeganferreira]

Hey Afzal, appreciate the content on the CFA charter. Any odds you could do a video on the CAIA and its applicability ?

[grynda]

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.

[cryptoworld.]

*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*

[patrickkeaveney]

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.

[hook]

Hey Afzal, been a few years out of school working primarily commercial banking, how do you transition to asset management?

[abdulmajeedasiri]

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

[deanmcc]

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)

[elisabeth]

Hi Afzal, as an investment manager, do we have to find new customers by cold calling? Like sales person??

[jaipalm]

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?

[yizhenmao]

What about PEVC, is there any sale team and investment professional separated?

[beatriceottilie]

*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*

[dazfriend]

most helpful guy on youtube - much appreciated