Questions about experienced T Rowe or other LOs
Had some questions for ppl who work at big LOs, and T Rowe specific. Background - SS for 1yr + 1yr FP&A prior, complete non-target uni but played sport in college. I want to move to TRowe within next year or 2 (want to work in public equities from MD. LO for WLB and I like to pay attention to mkts on my own time, not necessarily at the office). But had a few questions, feel free to answer any
General LO's
1) With >1yr til I apply, how do I bolster my resume to at least get an interview?
- Was thinking CFA L2 or learning to code, or any other suggestions.
2) What stocks to pitch in an interview?
- I like to be a generalist following 1 to 5yr themes/cycles and understand landscape within these themes (uranium, offshore, cannabis, copper, homebuilders) outside of current coverage. Some of these are less well-known than others, do I need to start paying more attention to S&P50 names w/ LO AUM?
TRowe Q's:
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What are hours and day to day like as associate analyst?
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Prob depends on fund but do you follow multiple industries?
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How does day to day change as move up latter?
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What is career path through associate analyst program, and assuming 3yr exp what kind of position would apply for? Arent LO usually up or out?
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What is culture like? Ever hangout/see co-workers outside office (golfing, happy hours, MNF, etc.)?
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Any extra color on interview process?
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What is comp (~3yr exp) and progression like?
EDIT: I didnt mean to come off that I am looking for some sort of general coverage group. I was more getting at how to pitch. I like markets, thinking about them. Is it better in a LO interview to be interested in markets or businesses?
I.e, Is it better to say Im bullish oil bc XXXX which makes me think the upcycle plays out in 1 of 2 ways, so I o/w 2 companies - XYZ offshore co and XYZ E&P. in scenario 1. I think XXX offshore co is best in its peer group which outperforms whole sector in scenario 1 and XYZ E&P outperforms which is best positioned in peer group which likely outperforms whole sector in scenario 2. Imo this shows I think about markets first, then the businesses second
Or am I just better off pitching a singular business with solid underlying fundamentals because XYZ? Imo this shows Im interested in the business somewhat independent of markets.
Bump
Lol, you are lucky if you can land a role there. You act like you can shape what you cover at a mega like T Rowe lol.
It’s not impossible but it’s going to be hard. You’re going to need network like there’s no tomorrow. That is the key. However, if you were able to jump from FP&A to ER you know it is possible.
I would leverage your college alumni database and find someone — if possible — who works at T AND works in AM there.
I would be prepared with at least two solid stock pitches. I think T organizes by sector so I would pitch from same sector you cover now.
On top of that I’d know accounting like the Count. I’d play up your sport in college (and hopefully you have a great GPA that pairs with it)
Lmao no chance on the generalist role at T Rowe. Literally 0 chance, I have buddies there and it's hyper-specialized coverage only
Network heavily, T Rowe is a hard gig to land esp from sell-side. Most AA's are hired right out of undergrad and Analysts are hired from MBA pool of M7 schools with prior buyside experience
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