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6 days ago

Financial Analyst - with accounting experience

Preqin City of London, England

In this role you will be assisting Private Equity and Venture Capital clients during the implementation stage of Baxon Solutions products. It will be… Reed.co.uk


Preqin Reviews

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Mark O'Hare
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    Research Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Research Analyst in New York, NY
    Current Employee - Research Analyst in New York, NY

    I have been working at Preqin full-time

    Pros

    This is a review for the New York Office Research Analyst role.

    The hours are fairly flexible and good.
    Decent amount of holiday time.
    Fairly good prospects of promotion based on time.
    Good Benefits

    Sometimes the team gets drinks after work (but not nearly as often as they claim)

    This is an entry level job, so I guess if you aren't planning to stay too long it will give you decent office experience to move on to a much better and more organized company that gives you professional development opportunities.

    Some payment towards CFA/CAIA

    Cons

    This is a review for the New York Office.

    The entire interview process was very misleading and I definitely got a false perception of what the job role as a research analyst would entail. I made sure to ask questions, so I'm disappointed with the reality of the situation.

    Don't be swayed by that London-based appeal that they talk about in the interview- although the researchers in London have in much worse there (so it seems) so there's consolation in that.

    This is not a finance role- it involves a lot of cold calling and data entry. In the interview process they called this "warm calling"- but nope, often these people have never heard of us and there's a lot of frustration/irritation on their end. You'll need to develop some thick skin. There are people out there doing important jobs though so I can understand why they would yell out the occasional insult to you for interrupting their important day.

    The opportunities for writing reports and doing any sort of analytical research is bogged down my the managerial staff and additionally the editorial staff in London. Management basically takes control of any sort of work you'd like to author on your own (may not be true for all asset classes/teams as I know some researchers have a little more autonomy). Also, you don't do that much writing, certainly not as much as they say you will do. *This is not an analytical role*

    As stated, this is not an analytical role. You're basically cold calling people looking for their investment strategy and when they hang up on you (30% success rate in my mind) you have to scan filings and webpages and meeting minutes for these organizations to find any sort of public information on their investment strategy.

    There's no real training involved. Your first few days you get a run down of what you;ll be doing, but you only get trained in your asset class/what you'll be researching for the company.

    No opportunities for further learning or professional development. They give you enough information to do your job and there's confusion about the greater picture and what the company actually does and how you fit in. You slowly fill in the pieces yourself. You realize your research is filled into analytic reports done in London on PE in the US and are horrified by what a stretch the company makes on data retrieved by us research analysts. There's no proper statistical analysis going on here. I would not trust Preqin's data.

    CFA/CAIA Sponsorship: Wow, a good perk. Yes, they help pay for most of this (not all- you have to pay some as an incentive for doing well) I advise making sure to read the fine print on this because if you plan on leaving the company within a year, You are liable for paying back any expenses the company paid for you in doing these exams.

    All promotion and managerial positions come from within and based on time served. This could be good if you're looking for a cushy job with a nice title and few responsibilities. Earn a "Senior" in front of your name for just sitting at your desk for a year plus. Seriously, it's all done by the amount of time you've been there because everyone is doing the same thing. This leads to incompetent management and not recruiting from outside to get more better leaders to motivate workers and bring fresh ideas to the team. (also leads to some people with inflated egos)

    This is a very "bro" atmosphere. Could be a positive if you're into that thing or mildly offensive.

    Not an intellectually stimulating job. You can complete your job with raving quarterly reviews and above satisfaction ratings while in reality browsing Reddit for more than half your day.

    They say they go out for drinks and have a fun office environment. They don't go out for drinks for nearly as much as they claim and it's basically you quietly sit at your office in the morning then quietly leave the office in the evening without much conversation in between.

    At the end of the day, this is a bottom of the totem pole entry level job with a salary that is well-under the market rate: Get in, do your time, then get out and find a real career job.

    Advice to ManagementAdvice

    Recruit management externally. Don't promote just based on time served

    More professional development, learning about different asset classes, skills training, more analytical work. More variation in work.

    Team meetings and More Collaborative work would be great. It feels like you are an island slowly inputting information. If there were opportunities to do team based assignments and collaborate, there would be so much more cohesion in the office. Morale would be so much higher.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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