Based on the most helpful WSO content, starting a new role in Buy-Side Equity Research (ER) after graduating can be quite an exciting opportunity. Here's a breakdown of what you might expect in terms of work-life balance (WLB), compensation (comp), and career trajectory:

  • Work-Life Balance (WLB): Generally, the WLB in buy-side ER can be considered better than in investment banking. However, it can still involve long hours, especially during earnings season or when you're deep-diving into a new company or sector. The intensity can vary depending on the fund's size and investment style.

  • Compensation (Comp): Compensation in buy-side ER can be quite competitive, especially at larger funds. It typically includes a base salary and a performance-based bonus. The bonus can be a significant portion of your total compensation and is usually tied to the fund's overall performance and your contributions to it.

  • Career Trajectory: The career path in buy-side ER can lead to roles such as senior analyst, portfolio manager, and eventually, partner or CIO if you're at a hedge fund or asset management firm. It's a career that rewards deep industry knowledge, strong analytical skills, and the ability to make sound investment decisions.

Remember, these are general trends and can vary widely based on the specific fund, its culture, and the market environment. It's always a good idea to network with current professionals in the field to get a more personalized understanding of what to expect.

Sources: Where does ER go from here?, Equity Research sell side: how do you think the buyside should do better to interact with you?, ER Career Paths, AllianceBernstein Reputation and Rotational Program, A hodgepodge of ER Questions sent to me via PM

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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