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      Capital Group

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      Fixed Income Portfolio Strategy Analyst Interview

      Dec 31, 2024
      Anonymous Interview Candidate
      Los Angeles, CA
      No offer
      Negative experience
      Average interview

      Application

      I applied online. The process took 3 weeks. I interviewed at Capital Group (Los Angeles, CA) in Dec 2024

      Interview

      Process includes recruiter reaching out, 3 round interview with hiring manager/team, and speaking to management in later round. Very friendly recruiter and timely responsiveness through the process, however, this team is not honest with the scope of the role. For example, in the job description on LinkedIn they mention that you will be involved in "portfolio construction" but the hiring manager told me that portfolio construction means reconciling trades to see that they are compliant with the portfolio guidelines. The hiring manager told me that this is an OPERATIONS role in the second interview and the first interviewer told me that this is a Portfolio Management role. I felt like I was deceived and this group is not honest about the job description relative to the job title. It is a support role helping portfolio managers reconcile trades, check compliance guidelines, and other ad hoc administrative tasks. It has nothing to do with portfolio management or capital markets.

      Interview questions [1]

      Question 1

      How do bond prices move when interest rates move? What is duration? What is convexity? Are there any examples when bonds have negative convexity? Why would you choose a mortgage portfolio over a corporate bond portfolio?
      Answer question
      2

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