Why Ascension Investment Management: Interviews, Careers, & Portfolio

Ascension Investment Management Overview

Ascension Investment Management (also referred to as AIM) is a subsidiary of Ascension – one of the leading non-profit Catholic healthcare systems in the US.

The firm was established to provide socially responsible investment advice and consulting services to their clients who are typically institutional investors.

AIM offers 16 investment strategies which help them serve and operate as an outsourced CIO or investment manager for specific asset classes.

Ascension Investment Management was formed in 2012, with David Erickson as its current Chief Investment Officer. The firm is based in St Louis, Missouri, USA.

Ascension Investment Management AUM

According to the most recent regulatory filings, Ascension Investment Management has $41.7 billion in assets under management as of September 27, 2022.

Ascension Investment Management Interview Process & Questions

Firms are likely to change their interview process as they see fit for each candidate. However, when you interview at Ascension Investment Management (or similar firms), you can expect the following setup:

• Interview will consist of 4 to 6 rounds
• For initial rounds, you’ll meet with the HR team or junior investment professionals. For the later rounds, more senior staff will supervise the interview.
• Expect the whole process to take a few weeks (unless it’s “on-campus” or “on-cycle” recruiting)

The interview questions at Ascension Investment Management will be a mixture of technical questions, behavioral questions, and fit questions.

To prepare for interviews, I’d suggest checking out our self-paced online course Growth Equity Interview Guide.

Why Ascension Investment Management

One interview question you should definitely prepare for is “Why this firm?”

It’s one of the important questions because it will show whether you really want to be part of their firm, specifically, or you just want to land a job at any firm that’s hiring.

If you did some networking prior to interviews, this is the best time to mention these professionals and how their experiences and growth at the firm positively influenced your decision to send your application.

Another good practice is learning about the firm.

For this, I’d recommend listening to interviews with its founders, investors, partners, or anyone connected to the firm.

To get you started, here’s an interview with David Erickson, Chief Investment Officer of Ascension Investment Management:

Ascension Investment Management Case Study

Case studies almost always show up during interviews. That’s because firms use case studies to evaluate each candidate’s level of technical knowledge and communication skills – which are both important in the investing field.

Most case studies at firms like Ascension Investment Management will have their candidates recommend investments and perform financial modeling. But a cold calling case study may be required as well for junior roles.

In case you’re interested, I teach case studies in great detail inside my Growth Equity Interview Guide.

Ascension Investment Management Salary & Compensation

According to Glassdoor, you can make $54K – $81K per year as an analyst at Ascension Investment Management, and as an associate, you can earn between $44K – $79K per year. Salaries can vary based on your work location, experience, and education.

Analyst

Associate

Ascension Investment Management Careers, Jobs, & Internships

For opportunities at Ascension Investment Management and other top growth/VC firms, check out our job board where we feature open roles every week.

Ascension Investment Management Portfolio & Investments

According to Crunchbase, Ascension Investment Management has made three investments. Some of their notable deals include Cortica and Lekela Power.

Notable Transaction: Cortica

Cortica is one of the leading providers of therapies for children with autism and other health conditions.

They provide every patient with a personalized program to make learning and development faster. Cortica offers in-clinic, telehealth, and in-home services which makes it easier for families to support their kids.

In October 2023. Cortica secured $40 million in Series D funding extension, making their total investment to $115 million.

The extension was led by CVS Health Ventures, with participation from Ascension Investment Management, LRVHealth, and the University of Wisconsin Foundation.

The new investment helps Cortica to improve their tech, research, data capture, and patient experience.

Next Steps

Ascension Investment Management can be a good place to start your investing career. To increase your chances of landing a role at AIM (or firms like it), make sure to check out Growth Equity Interview Guide.

It’s a self-paced online course made for professionals looking to break into growth equity and preparing themselves for interviews. The course covers topics such as case studies, financial modeling, and other concepts that are commonly asked during interviews.

Start learning today!