How to Break Into Asset Management in Germany – from a Part-Time, Non-Target, Distance Learning MBA Program

31 Comments | Hedge Funds & Asset Management - Interviews & Case Studies, Investment Banking - Europe

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Germany Asset Management Funds of FundsSo, what about those part-time MBA programs? Do banks and finance firms take them seriously, even if they’re online? What about continental Europe recruiting vs. the UK?

Today you’ll learn about those and other topics from a reader who recently broke into the finance industry in Germany.

This reader also did an internship at a Fund of Funds (FoF) so as an added bonus you’ll get a crash-course in all things FoF as well.

That’s quite a lot to cover in one interview, so let’s get started.

Walk Me Through Your CV

Q: You mentioned before we started that you had a unique history.

Can you tell us about your background and where you were coming from before getting into finance?

A: Sure. I started out doing engineering at a non-target university in the UK – finance firms ignored it, but engineering and technical companies and even the government recruited there.

It was right after the dot-com bust when I graduated and the job market back then wasn’t great for IT people – so I went to the UK Government and worked there for around 8-9 years as an engineering project manager.

A few years ago I had the opportunity to go work for the government in Germany – around that time I had realized that engineering wasn’t for me and that I wanted to move into finance instead.

Toward the end of my contract working for the government, I started a part-time (2.5 – 3 years) distance learning MBA program from a university in the UK. The goal was to re-brand myself and get a business background in the process, and then to use the degree to move into finance.

I did a lot of networking to find contacts while in Germany, and finally found a private equity fund of funds that was looking for English-speaking interns.

I worked there for half a year, and recently landed a full-time offer at the German office of a US-based asset management firm.

Q: That’s quite a story. Before we jump into recruiting and how you got your current role, let’s take a step back: why did you like Germany so much and what made you want to stay there? I’m just curious personally.

A: It was quite random – I was just placed there by the UK government and happened to like it quite a bit. I had also spent 3-4 months there previously, so I jumped on the chance to move back.

Q: And you managed to get the internship and the full-time role without being from Germany originally and without knowing the language?

A: I do speak German conversationally, but I’m not quite good enough to use it for business. So if I were applying for an M&A role at an investment bank, I would never get in.

They are looking for native-speakers there because you’re working with domestic German companies all the time and for the times they do deal with English-speaking companies in Germany, the level of English of most German graduates is of a very high standard, so they have little reason to recruit a non-native speaker.

A lot of HR departments here list the German language as a requirement, but outside of IB/M&A-type roles it’s rarely required to do the job.

When I applied to the asset management firm I just joined, I went through a recruiter – the original ad I saw asked for a native German speaker, but then when I spoke with the recruiter they indicated that it wasn’t really necessary.

You can get away with this because in fields like trading, asset management, and so on you’re dealing with global investors where English is the standard language.

Recruiting and Breaking In

Q: Right, that makes sense. I think in most countries for traditional IB/PE roles you need to know the local language but outside of that you can get away without being a native.

So what were the key steps to breaking into finance in Germany? Did the part-time distance learning MBA program actually help you to re-brand yourself?

A: It helped a bit and allowed me to meet people who worked in the industry, but overall it wasn’t terribly helpful in terms of actually getting interviews through the degree. My program was not very consulting or finance-centric so there wasn’t much of a benefit for those fields.

Networking also proved to be quite difficult – I reached out to a lot of contacts via LinkedIn and similar online databases, and made plenty of cold calls and cold emails, but most people were simply confused as it is not as common here.

That is a big cultural difference and traditional networking is not accepted like it is in the US / UK. I made some good connections for the future, but wasn’t able to find anyone who could directly help me to get a job.

I found both my positions and won interviews by looking at job postings and ads online and then contacting the recruiters directly – you’ve mentioned before that that’s not a good use of time in the US / UK, but unless you’re currently a student at a well-known university here, that’s about all you can do to get in.

Q: I’m surprised that the degree didn’t help you at least in terms of being taken more seriously when you contacted people in the industry. Did they just not respect distance learning programs?

A: Actually, the main issue was that MBAs are not viewed the same way here as they are in the UK and US.

The university system in Germany is much different and you complete the equivalent of Master’s-level study at the undergraduate level – so getting an MBA won’t necessarily get you more points.

The other factor working against me was that I had an engineering degree from undergraduate – many places here won’t even consider you unless you’ve studied accounting or finance in undergraduate.

Q: Wow. I guess I should add a clarification to that “Your major doesn’t matter that much” advice.

What about the recruiting process itself? Is it similar to the UK with assessment centers and competency questions?

A: First off, since I wasn’t going through standard graduate recruitment, I had no assessment centers.

Beyond that, it was quite different for the Fund of Funds and for the asset management firm – the FoF process was relaxed since it was an internship, and most of the interview questions were “fit”-focused.

The investment managers sat down and spoke with me for 30-60 minutes each, and chatted about my background and knowledge of finance – but they never went in-depth into advanced technical questions or anything. A few weeks later I received an offer there.

Since the asset management firm was US-based, interviews were very similar to what you see at banks and asset management firms in the US – several rounds of interviews with people from different groups, with more technical questions thrown in and a more diverse set of questions overall.

This one was also not for a graduate-level position, so I imagine it would be somewhat different if you were just out of school or in school and interviewing for the same role.

Q: What types of people were they looking for? Were many of your co-workers also foreigners?

A: It varies, but at the Fund of Funds the investment team was mostly German with a few others from Europe and further afield. They wanted people who knew a bit of German and who had the technical skills to analyze investments – it was very small, so they were much more focused on fit there.

At the asset management firm, as I mentioned, the technical bar was higher and they were looking for people to spend more time at the firm and not just hop to the first exit opportunity that comes their way.

As with most other countries outside the US, there is not as much of an obsession with exit opportunities and hopping around constantly, so people actually stay at the same company for more time on average.

Q: Any other differences with recruiting in Germany that we should know about?

A: Oh yes, I could probably write a book about that one:

  • You need to include your photo on your CV here. Technically firms are no longer able to discriminate against you, but you’re at a huge disadvantage without a photo as everyone includes them.
  • CVs are usually at least 2 pages and emphasize Education over everything else – it’s at the top even if you have years and years of work experience. Sometimes CVs go on for 3-4 pages and list every single academic achievement.
  • If you’re a non-native German speaker, you should include your language skills in the Personal Information section; you also list your Date of Birth and Marital Status at the top.

Q: I think requiring that information in the US or UK would result in lawsuits.

A: Yeah, the culture is quite a bit different here.

In terms of language skills, if you see an advertisement from a multi-national company in English, you can assume it’s OK to apply in English and work there without knowing the language – but if it’s all in German then the language is probably required.

Job references are also very important here. After every job you’ve been at, you receive 1-2 pages of written references stating how well you’ve done there and what your achievements were.

Even at US-based and other foreign companies here they still expect to see these references, and you’re at a big disadvantage if you don’t have them or if they say anything negative.

Q: More lawsuit material if you requested those in the US / UK – and it’s written evidence, too.

What about CV review and interview selection?

A: In general, it’s difficult to get the first interview here but once you’re in you have a high chance of moving forward. They spend a lot of time reviewing CVs and selecting first round candidates based on those, sometimes inviting only 1-2 people to interviews.

That’s the opposite of what you see in the US / UK where they might invite dozens to interview, only intending to hire a few.

Finally, some advice for you if you’re not a native and you’re interested in working in Germany: going through recruiters can work to your advantage. They are actually helpful here and can get you past HR staff when you don’t meet the officially stated language requirements.

And as I’ve mentioned, go for asset management or trading rather than M&A.

All About Funds of Funds

Q: OK, that was quite a download of recruiting-in-Germany information.

Moving on, I’ve gotten a lot of questions about Funds of Funds, what they are, what you do there, and how you get in – can you explain briefly what a Fund of Funds is and the work you do there?

A: Sure. A Fund of Funds is simply an investment firm that invests in private equity funds rather than buying companies directly.

To give an analogy, it would be like an index fund that invests in other index funds in the stock market as opposed to the original index fund that picks individual stocks to invest in.

Funds of Funds may invest in anything from venture capital firms to small and large buyout firms to anything else within the world of private equity.

Most of the day-to-day work consists of due diligence – analyzing existing funds, seeing what kinds of investments they’ve made, and whether or not they would be a good fit for us.

You make 2 main types of investments at a FoF: primary and secondary.

  • Primary: You invest in a PE firm as it’s doing a round of fund-raising and looking for new investors.
  • Secondary: You buy an existing stake in a PE firm from someone else in the secondary market who’s looking to sell.

Most of the work on the primary side consists of due diligence, analyzing investment teams at PE firms, looking at previous deals, historical returns, and so on.

We did a lot of benchmarking of funds against the sector as a whole and against other funds within the geography we were looking at, and we discussed everything with General Partners. Most of my time there was spent writing up due diligence findings and there was a lot more qualitative work than quantitative work.

On the secondary side, there was more quantitative work since we were looking at funds that had already made a few investments. So there was some price modeling involved to see what was reasonable, what type of carry and management fees made sense, and so on; we also did some basic DCF analysis to verify the valuation but it wasn’t anything hardcore.

Q: So are Funds of Funds a big asset class in Germany? Is the industry there developed?

A: It’s not yet a big asset class here – there are quite a few buyout and VC firms, but only a handful of FoFs and most of them are part of bigger financial institutions here.

PE has been hit hard following the financial crisis and Funds of Funds suffered even more than normal PE firms – many institutional investors backed out or decided against investing, so firms never had a chance to grow properly.

Q: What about recruiting for FoF? What kinds of questions did they ask you?

A: They didn’t ask me much about investments, investment ideas, or which funds I would invest in – it was more about my motivations for wanting to move into finance, what my future goals were, and so on.

That was mostly because I was career changer – other interns received more technical questions about accounting and valuing companies, the economy, and the European debt crisis.

Overall I would say that FoF interviews are similar to investment banking overviews, but generally less technical even though they’ll still ask the normal accounting/valuation-type questions.

Q: What about the work culture there? I’m assuming it was quite a bit different from what you see in private equity / investment banking?

A: It was much more relaxed than what you see in banking or at direct investment funds (PE/VC).

There wasn’t much time pressure to do things because we weren’t competing for specific deals that banks were marketing to PE firms – so we had more time to discuss investment ideas internally and talk through things.

They delegated quite a lot of work to the interns, so we did many of the initial assessments and the screening, and then sat down with the investment managers to talk through ideas. They were quite receptive to well-thought out investment ideas, even though we were interns and had limited experience.

Q: And now I have to ask the obligatory hours / pay question…

A: Hours at the Fund of Funds were generally between 9 – 6 each day, with work sometimes extending a bit later depending on how busy we were at the time. Work came in peaks and troughs – if a lot of direct funds were fund-raising, we would have to analyze everything at once and make decisions quickly.

But during other times of the year (especially the summer months), things were very quiet because hardly any funds were fund-raising.

The investment managers themselves might work later due to internal investment committee meetings, but the latest was normally 8 or 9 PM, with weekend work extremely rare.

Base salaries were close to what you would earn starting out in IB or asset management, but maybe a bit less overall (possibly also due to being in Germany, which has a lower cost-of-living than the UK).

Bonuses were substantially less than IB and perhaps even other asset management firms – there’s just not as much money to go around since Funds of Funds don’t have the same levels of management fees and carry that you get in direct Funds.

Next Steps

Q: After working at the Fund of Funds, you moved onto asset management – but what do most people do? Is it possible to get into private equity from FoF?

A: Most people who start out in FoF stay there and build their careers there – you don’t really have the required skills (LBO modeling) to go into private equity.

If you do leave, the most common and obvious exit opportunity is moving into asset management – quite a few people from my firm actually left to move into larger asset management firms.

Q: So why did you make the move, personally, rather than staying in FoF?

A: I could have stayed there and had a comfortable lifestyle – but there were a few things I didn’t like:

  1. There wasn’t much career progression aside from becoming an Investment Manager and then a Partner – it’s not like banking, PE, or even trading where you have levels in between.
  2. I wanted faster-paced work because that suited my personality much better; I also wanted more of a front-office role where you make investments directly.

All along, I was actually more interested in trading but it was a long-shot where I live as the majority of trading desks are located in Frankfurt.

The job that I ended up with at the asset management firm was actually different from the original one the recruiter set me up for, so I would reiterate something that you have said before: that you are not necessarily interviewing for the job you think you are!

Q: So you’re planning to move into trading from there?

A: Yes – maybe stay here for a year or two, and then leverage my connections to move into a trading role.

That’s a very indirect path to trading, and it probably wouldn’t work as well for IB/PE – but luckily trading is one field in finance where they do care more about results than pedigree/work history.

Q: Right, well good luck with making the move – and thanks again for taking the time out to chat!

A: No problem – hope you learned a lot.

About the Author

is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. In his spare time, he enjoys learning obscure Excel functions, editing resumes, obsessing over TV shows, and traveling so much that he's forced to add additional pages to his passport on a regular basis.

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31 Comments to “How to Break Into Asset Management in Germany – from a Part-Time, Non-Target, Distance Learning MBA Program”

Comments

  1. Stefan says

    As a German I can confirm most of the things said about recruiting in Germany.

    There is a huge emphasis on your major. So if you want to work in finance, you better major in finance, banking, accounting or similiar fields.

    A photo is indeed a must-have. If you don’t include a photo, people will assume that you have a very good (or bad) reason not to include it.

    “Reviews” of your performance are indeed a common part of your application. You should always include them and always ask for them after finishing a job or internship. If you don’t include reviews, people will assume that you are hiding bad reviews. And be careful with the wording, since there is a secret “recruiting language”, and what sounds like a good review at first glance might be – intentionally or unintentionally – a bad review.

    The CV thing I cannot confirm. In my experience internships and previous working experience matter a lot and should be at the top. And a CV longer than 2 pages is bad style, unless you have a lot of experience.

    • says

      Interesting to hear – I think the CV issue might depend a bit on the industry and how much experience you have. But I have seen that in some places outside the US/UK multi-page CVs exist.

  2. Steven says

    I am from Germany too and recently got internship offers for 2 Big4 firms (M&A) by using (basically) your resume template. Although the usual “german” CV includes date of birth, family, and so on, bigger firms still do care more about what you did and what your achievements were. I once sent a usual “german” CV (without bullet points, just the stations) to a BB in UK and received an e-mail that I should send a “real” CV with some information on it :D

    • says

      Wow, amazing that you actually got a response there. I think the resume/CV template here works well for applying to major financial centers but you probably have to customize a bit depending on the country you’re in.

  3. Stefan says

    Yeah, I used the M&I template as an influence for my CV as well. The CV recommendations in Germany have changed quite a bit in the last 6-10 years, I think. So using an “American” CV is perfectly fine these days as long as you include a photo and the other typical items requested in Germany.

    LOL @ “real CV”

    Btw. Brian, it’s great that shortcuts work as well here. I accidently deleted my text and was able to get it back by using CTRL+Z which I know thanks to your excellent online course (cheap plug).

    • says

      I think there are a few differences in the German version of Excel, but yes, many of the shortcuts do actually carry over…

  4. volunter says

    Interesting, had a few French students on exchange this Winter term in my University (in North America) – They saw us working hard on getting good grades and were quite confused as to why put so much emphasis on grades…when told that its pretty much a requirement to get good grades for 1st round banking interviews, they said in France nobody asks for your grades/transcripts after your High School, All they care about is your Work Exp.
    So certainly, there seems to be quite a no. of differences in recruiting pattern within European countries.

    • says

      Yup that is very true. I hope to cover banking recruiting in other European countries as well if we can get the volunteers.

    • Lucanius says

      Well but you cannot generalize that one on Europeans. In France, once you’re in one of the top unis, you basically don’t care so much any more, because the hardest part is to get in.

      In Germany and other European countries with differences among the unis, you have to really show what you can do using your grades.

      ps: from Germany too…

    • Zafryna says

      This is because in France the education system is completely different.
      After the highschool the top students don’t go to universities but do 2 years of intensive and stressful training in maths (12 hours a week) and physics ( 8-9 hours) with 2 oral exams and 1 4hours exam nearly every week.
      At the end of those 2 years they go trough 2 months of nationwide competitive exams in order to enterthe french top “grandes ecoles”.
      And basically once you manage to get into one of the most selective schools employers just assume that you are part of the cream of the students, and grades are not that relevant since those students are already among the brighest of the country.

      Note that france is the only country with rhis kind of elitist system and they do care a lot about the school you attended but not so much about the grades which are considered only as an internal ranking system.
      And the last ranked student in the 1# school there is still better than the top students in the 6th or 7th due to the nature of the competitive exams. This is obviously not the case in a standard University system.

  5. Ricky says

    First of all, great post and awesome site Brian!!! Been helping me a lot with my career decisions and how to position myself. Better than ANY career advice I received before!

    I am from Switzerland. Small country, but I still might add to the picture of recruiting in Europe after having the German and French side of things – and hey, we’re still quite big in banking (even though the US and German tax authorities are making our lives a bit harder at the moment, but that’s another story).

    Most of the things mentioned above are true for my country too. Especially what has been mentioned in your post about people beeing confused by getting cold calls. I actually never heard of anyone doing that here and was also quite confused when I read about it on M&I, but it seems it’s just what people do in the US.
    I can also confirm that people care less about your grades (after all, how should anyone be able to accurately judge how hard your course was or what you’ve learned from it). However it is much (!) more important WHAT you have studied. Coming straight out of university with a degree that is not related to banking/finance, e.g. history or French (no offense), you will have an incredible hard time landing an interview for an M&A position even from a well recognised university. You could maybe spin history into something related to analysing charts and events influencing the financial markets, but still it will be hard to even get to that point where people would listen to your pitch… HR people would be asking themselves how you could study X for 5 years just to find out that you want to do Y. Just check out some Swiss job posts on efiniancialcareers and you’ll always see that you are required to hold a degree in economics, finance or similar (or maths because they are just considered to be smart people) for almost any high(er)-level job in banking. This will of course change once you have acquired a certain amount of work experience (the interview above is a very good example of this).
    What is more is that it is much (! again) more common to do a masters degree since just a few years ago we didn’t even differentiate between bachelors and masters so a university degree just took you approximately 5 years anyway – there simply were no ‘stages’ in between. At career fairs when you talk to recruiters and you mention that you have finished a bachelors degree they sometimes treat you as if you were actually not finished with studying university… although that varies between companies and the position you are looking for. But landing a full-time position in M&A with ‘just’ a bachelors is simply uncommon. On the other hand, doing an MBA is less common, so the career path of bachelors-then-2-years-analyst-then-MBA-then-Associate is also not very typical here.

    Anyways, I don’t want to overboard here. Just one last thing about CVs: Including a photo is considered old-fashioned here but still some people do it. However multiple page CVs are also not very usual here. Maybe 2 pages are fine, but 1 page is definitely better. A friend of mine just recently applied for a job at a buldge bracket bank and was rejected simply because the HR lady thought his CV was incomplete because she did not see the second page… (maybe that was just a lousy justification for rejecting him though)

    • says

      Thanks for sharing all that – very informative. I hope to cover other regions in Europe in the future as well as I’m sure there are differences depending on the country you’re in.

  6. ben says

    FoF is.. I don’t know. It seems like its a great place to intern at but to start off as a graduate there seems like its a bit of a stretch. The interviewee in question really got lucky because there is no skill transfer (no modelling)…

    Seems like a great place to finish a career though.

    • says

      Yeah I think that FoF is mainly good if you’re looking for the lifestyle and don’t care about advancement or opportunities elsewhere.

  7. Marco says

    Thanks for that insightful article. Have been waiting for a piece on my country. I’d like to add something to what Stefan and Steven have said. I have also used you template both for the CV and the cover letter (which is way more important in Germany than in the US it seems) and I definitely think both are applicable, also I decided to change your CV template to make it look more “tabular” (In Germany there is a distinction between a tabular and a written CV, and while your template still is tabular in nature, it could be somewhat confusing for some).

    Both age and marital status are not requested anymore I think. While age could be expected by some (although I think it never is a knock out criterion) leaving out marital status seems pretty standard to me nowadays. Old day are gone in which you even had to state your parent’s occupations ;)

    Regarding job references: In Germany an employer is required to hand out a positive job reference to each employee leaving. This is in part why it has developed an own language. However: If you have a job reference which seems not as positive as you’d like to (there are several guides, both on- and off-line on how to decode job references), it is in general not a problem to ask the company to rewrite it or change certain passages, especially if you’ve been a good intern and the slips where unintentional (job references are sometimes written by persons without experience in the “code”). Or you could even before receiving your reference (this is mostly for interns) offer to write your own job reference, which would then be back checked by HR. This adds another possibility on increasing your chances.

    I hope some other Germans can contribute something. Keep it coming ;)

    • says

      Thanks for that addition – very helpful. It sounds like some of those points may depend a bit on experience and the industry you’re applying to, but they certainly vary from what the interviewee stated here.

  8. tim says

    hey there,

    two days ago i attended a jp morgan recruiting event in germany and there the recruiter said that if you apply for an internship or a job and dont have a picture on your cv, then she’s just gonna google you because there she’s gonna find a picture of you anyway, so therefore it’d be better to just include a pic on your resume, so the first picture she sees of you is a good one. she also said that she prefers a two page cv and that they always look at your cv first and if they like it then read your cover letter.

  9. Andrew says

    Hey I was wondering if you could possibly at some point to a Investment Banking: Germany edition in the future. I know you have a lot of info on Finance in Germany but most of the articles (I’ve seen) seem to glance over actual German IB/M&A. Mainly I had a few questions that you could hopefully answer:

    Is it possible for an American who is Business Proficient/Fluent in German to break into IB in Frankfurt? or is it not really worth pursuing as a non-native.

    How does day-to-day work/hours/pay differ in German IB?

    If IB/M&A isn’t possible as a foreigner, what’s the next best option? Are consulting/S&T also viable options?

    Sorry about all the questions but I really appreciate any help you can give. I’m considering looking into Frankfurt internships for next summer and would like to know where I should start.

    Thanks

    • says

      I have wanted to publish one but so far no volunteers. But based on what I know:

      1) Not worth pursuing as a non-native speaker. Possible for asset / wealth management / trading but not IB.
      2) Probably a bit less overall and smaller deals, more focused on domestic M&A.
      3) Consulting, no, due to language skills. See #1.

      Internships are also different and requirements may be less stringent.

      • Andrew says

        Ok great thanks. I’ll look into internships then and go from there if it looks like it may be a possibility

        • Marvin says

          Andrew,

          if you’re shooting for larger banks, being a non-native speaker is perfectly fine – the spoken language withing the bigger banks is English.
          The regional banks are not good advice for you unless your level in German is really comparable to that of a native. Even then, the regional banks (Landesbanken, etc.) are not all too great to work for if you have an international mind set.
          In contrary to what M&I said about M&A, I would say being American might be a good asset, since especially the large banks such as Deutsche Bank, Commerzbank, etc. are heavily active globally (check Deutsche Bank’s activity in Cleveland, OH for example).
          An internship is a great idea. It’ll get you an insight and an asset if you ever apply for a full-time job.
          Hope I was able to help.

  10. Marvin says

    I have this outline of what I want to do in the near future and it would be great if I could get some feedback on it (preferably criticism so I can improve my ideas). Here’s the plan:
    I’m currently getting my BSc in economics in Germany. I want/am going to do an internship in the automobile industry for a semester. After getting my degree I want to break into the automobile industry full-time.
    I also want to get into a brand name business school to get an MBA (I went to the US to visit some programs and was absolutely intrigued) and use the degree to break into finance (I really like IB, M&A, trading).
    What do you think?
    Here’s the skinny again:
    – BSc in economics
    – Work in automobile industry for 2-5 years
    – MBA in US
    – Break into finance

    Thanks in advance!

  11. Norm says

    Can you work an IB job for a few years in North America and make a transition to an FoF or something less intense in Germany afterward?

  12. Rohan says

    If im fluent in German (non european guy) got a masters from a good continental european university will banks in germany give me my due consideration.
    Past experience in top audit firm in audit of Fin Service group

    Any other pecularities regarding recruiting in germany?

  13. Steve says

    Bit off topic, but this seemed like the most relevant article to post this in:

    I might have an opportunity coming up to interview with a BB Maritime Asset Management group. My background is 5 years of non-maritime M&A experience. I’ve also passed the first 2 levels of the CFA. Tips on what I should prepare for?

    Maritime specific knowledge – I can google around for macro maritime info, but any terms or concepts specific to Maritime investing I should be aware of?

    Finance technicals – I’m very good with Corporate finance type questions from my M&A work. I’m also familiar with portfolio management concepts from the CFA, but what should I focus on specifically since the CFA is so broad?

    I’m just a bit lost since it seems like a lot of the traditional asset management technical questions have to do with portfolio construction using debt/equity/derivatives and are not really real asset related. Thanks.

    • M&I - Nicole says

      Hi Steve, I can understand your frustration. With the above being said, it seems like you’re familiar with the fundamentals of valuation, debt & equity financing and you’ve got the basics covered.

      I am not 100% sure of what maritime AM interviews focus on, though I’d imagine knowing how to analyze maritime investments, and why you want to move into this group are probably very important. I conducted a search, and this link http://www.corbitamaritime.com/Shipping_Terms/ consists of shipping terms which may be useful to you. Readers may have more in-depth insights to your questions.

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