AllianceBernstein

How the process runsTypical for an active asset manager

1. 1ApplicationTypicalOnline application. Large managers often run separate investment and business tracks, so choose carefully.
2. 2Online assessmentTypicalSome managers use online tests or ask for a written stock pitch before interviews.
3. 3First roundTypicalInterviews with analysts or portfolio managers: your story, why active management, and a stock you would own for years.
4. 4Final roundTypicalSeveral interviews, often a pitch or case on a company you are given, plus a markets discussion.
5. 5OfferTypicalUsually within days of the final round.

Timing between stages shows on each program page once students report it. Firms change formats by year and office; the firm's own invite is the final word.

What it tends to weighTypical of an active asset manager

• Long term thinking: a thesis that holds over three to five years, not next quarter.
• How an idea fits a mandate, a benchmark, and what the client needs.
• Curiosity across sectors and asset classes, since analysts often rotate coverage.

behavioral

5 questions

markets

8 questions

technicals

7 questions