Analyst backgrounds in Fundamental Equity HFs
Hi fellow monkeys
I'm currently a MM M&A analyst in my second year. I've got interested in public equity and would be aiming to transfer over to that side at one point in my career. After researching quite a few job applications on public equity roles, and reading a ton of advice from this and other websites, I think I have some views that I would like to test and get feedback from you, so here goes:
1. The more concentrated portfolio an equity HF runs, the more are they willing to take on people with M&A/PE backgrounds. AM shops are rather looking for sell-side or buy-side ER people.
The logic seems to be:
Concentrated portfolio -> Need to know more about each investment -> Do more research on companies -> Can build a more comprehensive model -> Need the skill-set to do that -> Hire M&A/PE background
2. The funds who are looking for the M&A/PE guys, are also less interested in the CFA.
Now a few questions as well:
As I'm in MM M&A and want to end up in one of those concentrated equity HF shops at one point. Should I:
1. Lateral to a larger M&A house?
2. Try to get into MM PE?
3. Go to buy-side long-only?
4. Go to sell-side equity research at a larger place?
5. Continue MM M&A as long as I get some traction from concentrated equity HFs?
6. Should I also do a CFA?
Thanks a lot,
And for whatever it's worth, I'm based in Europe
I'm a second year, sell-side research associate also interested in making a similar switch (however, I'm in the states). Take my advice with a grain of salt. Overall, I'd say option 5 is your best bet. You are bound to get attention from HFs from such a role. Regarding your other points...
Best of luck. Honestly you should be fine.
Non nobis qui qui eligendi debitis. Quaerat quibusdam voluptate quia dignissimos exercitationem est doloribus similique. Eos molestias iusto enim dolorem qui eaque.
Sint error et consectetur perspiciatis. Tenetur minus et esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...