Investments & Research = ER?

Aspiring to earn an MSF from Vanderbilt's 2018 - 2019 cycle. I looked at Owen's most recent employment report and it states that 30% placed into "investments and research". Does "investments and research," include AM and ER?

The other types of industries listed are:
Investment Banking
Sales & Trading
Real Estate Finance
corporate finance
Advisory Services & Consulting

 

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