Neuberger Berman Overview
Neuberger Berman is an independent, private, and 100% employee-owned investment management firm.
With offices in 39 cities across 26 countries, the firm manages a wide range of fixed income, equity, private equity and hedge fund strategies for institutions, high net worth individuals, and advisors around the world.
For its private clients, Neuberger Berman also provides trust services, fiduciary services, and financial planning.
Robert Berman and Roy Neurberger founded the firm in 1939. Currently, the firm’s headquarters is located in New York, United States.
Neuberger Berman AUM
According to publicly available data, Neuberger Berman has $460 billion in assets under management as of December 31, 2021.
Neuberger Berman Interview Process & Questions
Firms can always make adjustments in their interview process with each candidate. However, some of the general nature of the process stays the same for Neuberger Berman (or a firm like it)
- The interview process will consist of 4 to 6 rounds of interviews.
- Junior investment professionals or the HR team tend to supervise the initial rounds, while more senior staff handle the later rounds.
- Unless it’s “on-cycle” or “on-campus” recruiting, the entire interview process can take several weeks to conclude.
Interviews at Neuberger Berman will have you answer a combination of fit questions, behavioral questions, and technical / investing questions.
To better prepare for interviews, check out my Growth Equity Interview Guide.
Why Neuberger Berman
The most common question you’ll encounter during interviews is “Why this firm?”
Interviewers like to ask this question because they want to check if you’ve done some research and if you have specific reasons why you decided to join their team.
If you’ve done networking, this is the right time to mention whoever you’ve met at the firm and how their insights compelled you to apply at the firm.
Also, take some time to learn more about the firm. One of the best ways to do this is to listen to interviews with its founders, investors, and management team.
You can start with this great interview with Neuberger Berman Chief Executive Officer George Walker:
More interview
Neuberger Berman Case Study
Interviewees are almost always required to perform a case study during interviews. Case studies is a means to evaluate the candidate’s technical knowledge and communication skills.
Most case studies at firms like Neuberger Berman will require you to conduct financial modeling and investment recommendations. However, cold calling case studies can be included in the process for junior roles.
Check out my in-depth discussion of case studies inside my Growth Equity Interview Guide.
Neuberger Berman Salary & Compensation
Analysts at Neuberger Berman can earn an estimated total pay of $126,050 per year, while Associates make around $159,178 per year according to Glassdoor. These numbers represent the median, and can still vary depending on your experience, qualifications, and performance.
Analyst
Associate
From other public data, recent analysts and associates at Neuberger Berman have earned base salaries of $64,500 and $100,000 per year, respectively.
Neuberger Berman Careers, Jobs, & Internships
Head over to our job board to see open roles at Neuberger Berman. We also feature job vacancies from other similar firms.
Neuberger Berman Portfolio & Investments
According to Crunchbase, Neuberger Berman has made 75 investments and operates 18 funds since inception. Some of their notable deals include Mavis Discount Tire, HanTangxu, and Health & Safety Institute.
Notable Transaction: Mercury Financial
Mercury Financial (Mercury) is a fintech organization which helps over 1.5M Americans to build better credit.
Founded in 2017, the company utilizes advanced technology so they can provide customers access to over $6 billion in credit.
The company also has a unique business model which leverages more than 100 million data points to underwrite and provide its customers with excellent credit card experience.
In July 2023, Mercury closed a $200 million debt facility from client funds handled by Neuberger Berman.
Mercury will allocate the funds for credit card business expansion and also for continuation of its top-tier services and financial to middle-class Americans.
Next Steps
Neuberger Berman can provide an exciting career in finance to committed professionals. If you want to land a role at their firm, or any similar firms, make sure to check out my Growth Equity Interview Guide.
Inside this self-paced online course, you’ll find step-by-step lessons on the topics that firms like to go over during interviews such as case studies, valuation, financial modeling, and many more. The course also provides expert tips, mental models, and frameworks which are quite helpful when answering interview questions under pressure.
Get the course today and maximize your chances of landing a role in finance.
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