First Eagle Investment Management is one of the most renowned value investing firms globally, with a long and storied history tracing back to 1864. With over $100 billion in assets under management, First Eagle offers exciting career opportunities for those interested in value investing. This article provides key insights into First Eagle’s culture, investment philosophy, career paths, and more to help you determine if it’s the right fit for your ambitions.
Deep commitment to value investing principles
First Eagle stands out for its rigorous adherence to classic Benjamin Graham-style value investing, seeking undervalued stocks trading below intrinsic value. Key tenets include:
– Emphasis on margin of safety and downside protection
– Willingness to be contrarian and patient amid market euphoria
– Focus on high-quality companies with stable cash flows and strong balance sheets
First Eagle equips its analysts with the tools and latitude to conduct in-depth primary research and make long-term oriented investments.
Collaborative, intellectual culture
First Eagle fosters a collaborative culture where ideas are shared and debated respectfully. Teams comprise both veteran investors and younger analysts, enabling mentorship and professional growth.
The firm also hosts a lecture series and encourages continual learning. Employees praise the intellectual environment suited to enhancing one’s understanding of business and investments.
Stability and career progression
As one of the longest-running investment firms in the industry, First Eagle offers unmatched stability for careers in asset management. Long tenures are commonplace.
Analysts have clearly defined career progression paths to portfolio management roles. The multi-boutique structure also creates options to transition across teams over time.
Attractive compensation, work-life balance
First Eagle is known for compensating employees well, including analysts and non-investment roles. Bonuses meaningfully factor into total pay.
The firm also stands out for promoting work-life balance and does not have the excessive hours common at some investment firms. The stability and thoughtfulness make it a great environment for career growth.
With its eminent status in value investing, venerable history, and distinctive culture, First Eagle Investment Management offers fulfilling career paths for those interested in long-term, fundamental stock analysis. The firm provides the platform and patience for investors to refine their craft.