How does one get into these positions straight out of college? All these roles require a 2 year minimum experience.
payingmydues Wrote: ------------------------------------------------------- > My guess would be $45K with 20-30% bonus straight > out of college. Remember LA is a much smaller > financial market vs. NY, Chicago, Boston, SF. > Also, the research associate title may sound > glamorous but this is a bottom position where > you’re pretty much running numbers, models and > reports for more senior guys. For an entry > position, this an excellent place to start, learn > and gain experience from a very strong west coast > shop, but like I mentioned before, don’t expect > lucrative pay and bonuses for this position. I’ve > seen several of these postings for research > associates at Cap Group for at least the past 3 > years and my impression is people get what they > want in terms of gaining research > experience/learning new analytical skillsets and > they move on, IMHO. I agree. But I think there is something deeply evil and disturbing about CapGroup. It’s just weird that they are so big and still private. The “shareholders” are the leaders of the cult. I’ve met some people who work there and they all seem like cultish borgs. They have some good low cost funds though.
I just think it’s absurd that they make candidates jump through so many hoops to get a job. I’ve heard they have asked MBA candidates for their high-school transcripts. Cap group just seems very like a very pretencious place to work. I imagine if you didn’t go to some Ivy League school or somewhere similar, your treated like a second class citizen. Moreover, I’d bet one would have no chance to move into to he FO from BO/MO or move up in FO, assuming one could even weasel their way in to FO somehow.
I sort of agree, the stuff I hear about the egalitarian culture sounds very strange. i don’t buy it. also i guess they say everyone, from top to bottom, has identical workspaces? sounds like some weird commune.
Danteshek Wrote: ------------------------------------------------------- > > Out of college i think it is something like > $60K > > with a $20k > > no way jose $60k I double checked Bonus can be anyhere from 20-30% so you are right, less than what I originally thought. BTW I don’t think there are any buyside shops that start their associate under $50k. When I graduated college (top 15 university top of my class) I only was able to land a research associate job at a top 15 buyside shop and it was still $55k starting. Bonus were 10k in year 1 but haven risen dramatically since then. FMR, starts their grads off at $65k with 40% bonus upside. Just curious what shop is paying their research associate’s $45k?
buddha Wrote: ------------------------------------------------------- > Danteshek Wrote: > -------------------------------------------------- > ----- > > > Out of college i think it is something like > > $60K > > > with a $20k > > > > no way jose > > > $60k I double checked > Bonus can be anyhere from 20-30% so you are right, > less than what I originally thought. > > BTW I don’t think there are any buyside shops that > start their associate under $50k. When I > graduated college (top 15 university top of my > class) I only was able to land a research > associate job at a top 15 buyside shop and it was > still $55k starting. Bonus were 10k in year 1 but > haven risen dramatically since then. > > FMR, starts their grads off at $65k with 40% bonus > upside. > > > Just curious what shop is paying their research > associate’s $45k? Very few buy side shops even hire fresh grads for “research associate” positions. Especially the good ones. Most large IMs start their associates in other departments, where the starting salary is usually around 40-45k.
CG definitely has a unique culture. Having done business with them, my impression is that it would be a great place to work. There’s a decent book - “Capital” by Charles Ellis that is a history of the company. They spend a lot of time vetting candidates, so get ready for a long interview process.
It is locally known as a DMV for the following 4 reasons. - No one goes anywhere in the company, you stay in the same place for ever - Intellectually it is unchallenging and no one there makes any important decisions, work like a herd and be treated like one - You get stuck with benefits like pension, free train tickets and cafeteria and not much $ in the pocket - Worse of all, there is nowhere to go from here due to LA limitations, so whether you like it or not, you get stuck there But on the positive side, you work less.
I interviewed with them once. I had another offer and asked them to speed up the process, at which point they told me no. Be prepared–I think they interview A LOT of people for every role…
Danteshek Wrote: ------------------------------------------------------- > buddha Wrote: > -------------------------------------------------- > ----- > > Danteshek Wrote: > > > -------------------------------------------------- > > > ----- > > > > Out of college i think it is something like > > > $60K > > > > with a $20k > > > > > > no way jose > > > > > > $60k I double checked > > Bonus can be anyhere from 20-30% so you are > right, > > less than what I originally thought. > > > > BTW I don’t think there are any buyside shops > that > > start their associate under $50k. When I > > graduated college (top 15 university top of my > > class) I only was able to land a research > > associate job at a top 15 buyside shop and it > was > > still $55k starting. Bonus were 10k in year 1 > but > > haven risen dramatically since then. > > > > FMR, starts their grads off at $65k with 40% > bonus > > upside. > > > > > > Just curious what shop is paying their research > > associate’s $45k? > > > Very few buy side shops even hire fresh grads for > “research associate” positions. > Especially the good ones. > Most large IMs start their associates in other > departments, where the starting salary is usually > around 40-45k. That is beside the point. The question was how much do research associates get paid IF they do get that job out of college. Just because somone graduated from a “Cal State” school and starts in fund operations, it is not indicative of the fair comp
From my experience around 4 interviews: 1st: telephone screening interview, 2nd with HR and immediate supervisor, 3rd: Supervisor again and members of the team and 4th with upper management. ahahah Wrote: ------------------------------------------------------- > I interviewed with them once. I had another offer > and asked them to speed up the process, at which > point they told me no. Be prepared–I think they > interview A LOT of people for every role… Yeah, I heard that Cap Group has a lot these “perks”, but if you’re not getting fairly compensated I don’t think it really matters. cfa_mba_caia Wrote: ------------------------------------------------------- > - You get stuck with benefits like pension, free > train tickets and cafeteria and not much $ in the > pocket