The Allan Gray investment team typically numbers 20 to 25 people (including analysts and portfolio managers). This is small in comparison to the large number of applications we receive from smart, ambitious and hard-working people. This unfortunately means that we have to turn away many good applications. But we are always looking for exceptional candidates, and you don’t have anything to lose by trying. So if you think you have what it takes to succeed, we encourage you to apply.
We try to make good investment decisions by performing rigorous research. Similarly, we strive to identify the best applicants through rigorous research. This requires work and commitment on both our part and that of the candidate. Unfortunately we will probably never have perfect information (on shares or candidates) and we do make errors of judgement from time to time. So, if we decline your application, that is not to say that you are not the next Warren Buffett – we may have got it wrong, and we wish you the best of luck in seeking out your goals.
We recruit for diversity of ideas and experience. Therefore, we welcome applications from high-achievers in all disciplines - it’s not what you studied or which industry you worked in that matters, but rather what you have achieved and your potential to contribute to our investment research.
• A history of achievement in your field
• A questioning nature
• An analytical mind
• Strong numeracy
• A resilient personality
• Independent mindedness: we look for candidates with a unique perspective
• Individually accountable: we look for candidates who take personal ownership
• Long term oriented: we look for candidates who take a long-term perspective on investment decisions
• Performance driven: we look for candidates who set demanding and challenging standards
• Client focused: we look for candidates who always puts the clients first
We prefer that candidates have at least 2 years work experience.
• To research, analyse and value South African / rest of Africa listed companies.
• To communicate your insights and findings to the portfolio managers.
• To support the decision-making of the portfolio managers.
(Attach your answers in PDF format)
1. Describe an experience in which you have had to overcome adversity.
2. What is the most difficult decision you have ever had to make? How did you decide? Would you say now that it was the right decision?
3. What do you think are the three most important things to consider before buying a long-term asset?
4. What is the worst investment you ever made? How did you go wrong?
5. Describe your experience in trading in shares. What have you learnt from your experience? If you have never bought shares before, why are you applying for a position in an investment team?
6. It is better to rely on accumulated human knowledge than to try and figure things out for yourself from first principles. Do you agree or disagree?
7. Do you think e-cigarettes should be regulated? Why? How?
8. Who is your role model? Why?
9. Give an example of anything you consider to be mispriced today? Why do you think it is mispriced? What is its true value?
10. There are already many smart, hard-working people seeking to profit from mispricing in the stock market. Why do you believe you will have an edge?
Please submit the following documents to apply for the investment analyst role:
• CV in your own original format.
• Academic transcripts of results for both matric and tertiary education. Include proof and transcripts of any other qualifications (e.g. CFA, CA (SA), GMAT score etc.) if available.
• Completed screening questions (all ten questions)
Screening and selection process
Once we have a complete pack of this information, we will begin assessing your application. We may then ask you to perform psychometric tests, provide additional information and/or write an investment report before you may be interviewed by our portfolio managers.
The time taken to complete this process will vary depending on how far you progress, the time you take to complete your required tasks, the availability of the portfolio managers and the timing of completing applications.
We strive to give your application careful consideration, and to communicate our decisions within a reasonable time (ideally not more than two weeks after your last completed requirement).
Please note that if your application is not complete we will not be able to review it or respond to you.
31 March 2017