Why asset management interview question and answer




















Basing on this question the interviewer wants to know how you plan on achieving your goals for the future and what you are going to accomplish. How will you achieve your goals? What negative thing would your last boss say about you? This question is about your weaknesses. In fact, it is a very hard question for a candidate to answer as it is very difficult to be honest with oneself and say out loud about negative comments on himself.

The method here is to approach the weaknesses, or particularly the comments on those weaknesses, in a positive manner. Anyway, I have learn since then the skill to delegate and cooperate with others to complete the job more effectively. Who was your best boss? What to do from the advice of good ones and what not to do from the challenging ones.

From the beginning of my job, a mentor assisted me a lot, and now we still keep in touch. Truly speaking, I have learned something from each boss that I have worked for. Explain what has disappointed you most about a previous job? Possible answers: not enough of a challenge, not given enough responsibilities for your qualifications, unable to continue developing skills in environment, etc.

Safe areas are few but can include: Not enough of a challenge. You were laid off in a reduction Company did not win a contract, which would have given you more responsibility. How many hours I have to commit.

I focused on pay and benefits when I took my job. I would definitely consider this if ever looking for another one. Are you willing to relocate? Relocation is usually inevitable and almost always a condition of employment. This is completely up to you. Be honest, but you should probe the interviewer for more details. Maybe the office location you will be working at is planned to be moved in the next two years and that is the reason for this question.

Find out the details and make an informed decision. How long would you expect to work for us if hired? Some tips for this question: - It is not right to be specific; else you are giving them the impression that you are not going to stay if hired. What motivates you to do your best on the job? Tips to answer: This is a personal trait that only you can say, but good examples are: Challenge, Achievement, Recognition For any person motivation is the main factor which should make him work in an efficient manner.

And that motivation could be done my some rewards for doing good job, some encouragements etc. Moreover an employees good work must be acknowledged by his employer, which would definately boost him to work more harder to get more acknowledgements.

Answer samples - I was motivated both by the challenge of finishing the projects on time and by managing the teams that achieved our goals. How would you know you were successful on this job? Answer tips Several ways are good measures: You set high standards for yourself and meet them. Your outcomes are a success. Your boss tell you that you are successful. Answer sample I m sure that I were successful in the ….

Explain how you would be an asset to this organization? You should be anxious for this question. It gives you a chance to highlight your best points as they relate to the position being discussed.

Give a little advance thought to this relationship. Every organization wants to grow better and me also wants to make my carrier a great success and that if i could join here then i could get chances to explore my ideas for the growth of your reputed organization with my professional knowledge and experience i am having till now… The best way to approach this question is to restate your strengths and emphasize the different ways they can be applied to the job being discussed.

Tell me about the most difficult or complex idea you have had to explain to someone? Once again, the employer is more interested in the tools you use to effectively communicate a complex idea, rather than the idea itself. Points to bear in mind when explaining your methodology: - When communicating complex ideas, you keep your message simple and straightforward — avoiding technical jargon and overusing statistics. What kind of person would you refuse to work with?

There is nothing like NOT able to work with. Organizations are made of teams; therefore one team member may be a notch slower than other members of the team. Do not be trivial. It would take disloyalty to the organization, violence or lawbreaking to get you to object.

Minor objections will label you as a whiner. Well I am a person who can work with all kinds of people. However I feel bit uncomfortable to work with persons of selfish and ingratitude in nature. Tell me about a problem you had with a supervisor? Answer tips Biggest trap of all. This is a test to see if you will speak ill of your boss. If you fall for it and tell about a problem with a former boss, you may well below the interview right there.

Stay positive and develop a poor memory about any trouble with a supervisor. Answer sample My supervisor was not too keen on taking an initiative or implement new ways in solving a problem. He believed in anarchy system and always consulted his boss rather than going to him with an idea or being helpful in reaching towards a solution. What is the most difficult situation you have faced? Here you should be ready with your real life story. The question looks for information on two fronts: How do you define difficulty and how did you handle the situation?

You should be able to clearly lay down the road map for solving the problem, your ability to perform task management and maintain good interaction with your team members and other peers. It is advisable to close by highlighting the lesson learnt out of the incident.

Do you prefer to work Independently or on a team? Best answer: I can work well both individually and in a team. I believe your company is recruiting just exact candidates as I have read from the job descriptions, there are some duties that require teamwork while others require individual skills to complete.

Therefore, I totally believe that I can do the job well. Have you worked with someone you didn't like? If so, how did you handle it? Tips to answer: This is a trap question! Speaking negatively about other people will show you as an unreliable character. Stay professional and be diplomatic.

Sample answer: Not really. I believe that when disagreements occur, the matters can be taken up with the concerned person and be immediately solved. Tell me about a suggestion you have made? Have a good one ready. Be sure and use a suggestion that was accepted and was then considered successful. One related to the type of work applied for is a real plus. This is a behavioral question that is exploring your initiative. You need to think about a situation when you came up with an improvement or change to an existing system or work process.

Describe a time when your workload was heavy? I remembered when I was still working for ABC company, the time when it was planning to take over another company. That was quite a stressful situation, however, we managed to get over it very successfully. Do you have any blind spots? Answer tips Trick question. If you know about blind spots, they are no longer blind spots. Do not reveal any personal areas of concern here. Let them do their own discovery on your bad points.

Do not hand it to them. But instead try to bring out that you are very team oriented. Tell me about a time when you failed? It is certainly that anyone fails sometime, especially at work. For example, fail to comply with the regulations, fail to meet the deadline, fail to persuade others, fail to meet the goals…. What matters more is what you learn from such failure, and the interviewer is planning to investigate that. In answering this question, first, state a situation when you fail to do something It is better if the reason is not your subjective intention.

Then state how you realized that and dealt with that. And finally, how you learn from that. Top 12 job tips for asset manager interview details in next page 62 Tip 1: Do your homework You'll likely be asked difficult questions during the interview.

Preparing the list of likely questions in advance will help you easily transition from question to question. You'll likely be asked difficult questions during the interview. Look at its site to understand its mission statement, product offerings, and management team.

A few hours spent researching before your interview can impress the hiring manager greatly. Read the company's annual report often posted on the site , review the employee's LinkedIn profiles, and search the company on Google News, to see if they've been mentioned in the media lately.

Tip 2: First impressions When meeting someone for the first time, we instantaneously make our minds about various aspects of their personality. Prepare and plan that first impression long before you walk in the door. Continue that excellent impression in the days following, and that job could be yours.

In this section, the author shares his experience and useful tips to exploit hidden job market. Tip 5: Do-It-Yourself Interviewing Practice There are a number of ways to prepare for an interview at home without the help of a professional career counselor or coach or a fee-based service. You can practice interviews all by yourself or recruit friends and family to assist you.

Tip 6: Tailor your story to the job Applying your story to a specific employer or job is the next step. Lining up the stories that apply to the opportunity at hand is critical. Which stories are relevant to this job interview?

Think about personal stories that show how you handled change, made choices under pressure, or learned lessons from mistakes and failures. You should also think about stories you can tell in the interview that reveal your skill set. Anticipate the questions and have answers at the ready. In the end, this is about making a great and memorable impression that demonstrates competency and ability. Tip 7: Dress for Success Plan out a wardrobe that fits the organization and its culture, striving for the most professional appearance you can accomplish.

Remember that it's always better to be overdressed than under -- and to wear clothing that fits and is clean and pressed. Keep accessories and jewelry to a minimum.

Try not to smoke or eat right before the interview -- and if possible, brush your teeth or use mouthwash. Tip 8: Arrive on Time for the Interview -- and Prepared for Success There is no excuse for ever arriving late for an interview -- other than some sort of disaster.

Strive to arrive about 15 minutes before your scheduled interview to complete additional paperwork and allow yourself time to get settled. Arriving a bit early is also a chance to observe the dynamics of the workplace. If you have a portfolio or samples of your work, bring those along too. Finally, remember to pack several pens and a pad of paper to jot notes. How would you change that As Asset Management? Friends would typically use attributes like assuming you have these : Trustworthy, honest, hardworking, friendly, courageous, nice, diligent, organized and so forth.

Not saying you have all of these, but the best way for you to find out is to survey your friends by asking them what they consider your brand to be. When you respond, keep in mind the type of position you are interviewing for like Asset Management based job, the company culture, and the work environment. I really enjoy meeting and working with a lot of different people. I pay attention to all the details, and like to be sure that everything is just right.

I like to explore alternative solutions to problems and have an open mind about what will work best. This enables me to be as productive as possible on the job. Candidates without specific examples often do not seem credible. However, the example shared should be fairly inconsequential, unintentional, and a learned lesson should be gleaned from it. Moving ahead without group assistance while assigned to a group project meant to be collaborative is a good example. Review every deadline you need to meet.

Prioritize your projects by deadline and factor in how important each project is. Record your deadlines on a digital calendar or spreadsheet. While your CV will say a lot about your work history As Asset Management, the interviewer will most likely look for greater detail with questions such as this.

Be positive about previous experience, highlighting your own strengths. Try to talk about a book related to the industry, for example, if you're applying for a role related to business, cite a business book. This question seems simple, so many people fail to prepare for it, but it's crucial. Here's the deal: Don't give your complete employment or personal history As Asset Management. Start off with the specific accomplishments or experiences that you most want the interviewer to know about, then wrap up talking about how that prior experience has positioned you for this specific role.

Be positive and nice about their competitors but also discuss how they are better than them and why they are the best choice for the customer. For example: "Company XYZ has a good product, but I truly believe your company has a year vision for your customer that aligns to their business needs.

There is usually a team of staff nurses working in cooperation with each other. A team of nurses has to get along well and coordinate their actions, usually by dividing their responsibilities into sectors or specific activities. They help each other perform tasks requiring more than one person. Please describe to me your steps in doing so? If you're managing a pool of money for someone or a group of people who are gearing up for retirement than your focus should be on capital preservation and light growth.

If, on the other hand, you're dealing with some clients who are already wealth and young then you would look for more of a growth mix that perhaps has some dividend stocks or high yield bonds to create steady cash flow. This portfolio composition in such a low rates environment is already not ideal and not largely what's done in practice today. When answering this kind of question it's always a good idea to give an actual example of portfolio composition and there's no reason to get more detailed than using the percentages I've listed above.

In order to dampen down bond market volatility, often central banks like the Federal Reserve will engage in what's called "forecasting". This involves the central bank suggesting that they envision raising rates sometime in the future so that market participants can adequately adjust to this new reality and not be shocked when the rate hike or cut occurs. If you think about the composition of a yield curve, what will happen when rates are forecast to rise in the future is that the curve will get steeper.

This is because the front-end won't move as much as the middle or long-end of the curve because rates at the front-end obviously aren't moving yet. Personally, I'm a big fan of this kind of question because it gets to the heart of whether or not you understand what an asset management division of a large bank is really good for.

The reality is that these days all clients who are reasonably tech savvy can invest in low cost ETFs, mutual funds, or equities on their own. They can even use products like ETFs or mutual funds to get exposure to rates or commodities as well. An asset manager can provide even sophisticated clients a number of things. First of all, it provides someone dedicated to maximizing returns subject to their objectives so that the client can focus on other things in their life.

But second, and most importantly, asset managers can provide access to a wider set of information and products that any individual could have.

This includes being able to place a client into alternative asset classes and get them exposure to things like private equity, hedge funds, private tech companies, distressed credit, etc. To put it simply: asset managers are singularly focused on helping clients achieve their goals and are able to provide clients differentiated ways to invest that they couldn't get access to if they managed their own money.

All while charging a relatively modest fee compared to hedge funds or private equity funds, for example. Unfortunately, I can't give you a perfect answer to this question given that it will obviously change as markets do.

So, for example, in today's environment you could talk about the Fed going back and forth on whether to raise rates and the subsequent volatility in the the year yield we've seen as a result. One thing that all asset managers will pay close attention to are credit spreads even if they aren't primarily involved in making any credit investments.

Credit spreads are a relatively simply concept. It's just the difference between corporate bond yields and those of the underlying treasury of a similar duration. What a credit spread essentially tells you is the amount of compensation investors are requiring in order to take on the credit risk of a certain company or set of companies.

The reason why you spread this against the underlying treasury is that the underlying treasury is risk-free. So, for example, if Apple has year bonds that have a 1.

Of course, this is a very small amount of additional compensation to get as opposed to just buying a risk-free treasury but market participants view Apple's bonds as being very safe.



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