Does buy-side have the automatic promotion as in sell-side?
(Senior Baboon, 216
Points)
on 9/13/12 at 8:19am
Does buy-side have the automatic promotion as in sell-side?





Not sure what you're
Not sure what you're asking... There is no "automatic promotion" (i.e. guaranteed to stay with the company as an analyst and associate and vp etc.) on any side. Rephrase your question.
Just saying...
You know that "automatic
You know that "automatic promotion" is the same thing as "up or out," right?
See my other WSO blog posts
bankerella: You know that
You know that "automatic promotion" is the same thing as "up or out," right?
Yes. Does the buy-side have the same thing? Or one may be an associate for 10 years or more in buy-side?
In sell-side, if you get to stay, you will automatically advance in rank after certain number of years. It seems the buy-side career doesn't work that way.
The fund will grow from the
The fund will grow from the lower levels IMO, meaning if you are constantly raising funds and putting money to work you will need to hire new analysts/associates you'll play a bigger role. If this isn't the case, most leave and go to a new fund... No idiot stays an associate in PE until they are 45.
HFFBALLfan123: The fund will
The fund will grow from the lower levels IMO, meaning if you are constantly raising funds and putting money to work you will need to hire new analysts/associates you'll play a bigger role. If this isn't the case, most leave and go to a new fund... No idiot stays an associate in PE until they are 45.
Well, they may bounce around among different funds but stay at the the rank, right?
HedgeKing: Well, they may
Well, they may bounce around among different funds but stay at the the rank, right?
Interesting that you say that. When I was doing my big longitudinal banker career data crawl last month, one thing I was surprised to learn is that some people do stay at the associate level for 5+ years when they bounce from firm to firm on the sellside.
See my other WSO blog posts
bankerella: HedgeKing: Wel
Well, they may bounce around among different funds but stay at the the rank, right?
Interesting that you say that. When I was doing my big longitudinal banker career data crawl last month, one thing I was surprised to learn is that some people do stay at the associate level for 5+ years when they bounce from firm to firm on the sellside.
But that is not that common on the sell-side, and that's why you are surprised. But is that quite common on the buy-side?
wow, people here can never
wow, people here can never just answer a straight question. Examples: yes. no. I don't know.
Question is: is buyside up or out like sell side?
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http://www.troll.me/images/red-foreman322/dont-you...
Let's say you are an
Let's say you are an associate good at modelling. On the sell-side, because of the "up or out" system, if the firm wants to continue to use your modelling skill, they have to develop your other skills for the higher ranks too. On the buy-side, without the "up or out" system, there is no incentives for the firm to develop your other skills for higher ranks, and you may end up as an associate doing modelling all your career in the firm.
UFOinsider: wow, people here
wow, people here can never just answer a straight question. Examples: yes. no. I don't know.
Question is: is buyside up or out like sell side?
When a banker doesn't want to commit to stating the answer to something, they say some smart-sounding shit that they do believe is true and which is vaguely related.
See my other WSO blog posts
The "up or out" system on the
The "up or out" system on the sell-side forces the firm to develop your future skills in order to continue to use your current skills. In a way, it serves as a protection for the future of the young bankers.
On the buy-side, you lose that protection.
UFOinsider: wow, people here
wow, people here can never just answer a straight question. Examples: yes. no. I don't know.
Question is: is buyside up or out like sell side?
Every single HF/PE shop is different regarding size, number of funds, number of front office employees etc. If you work for a mega fund, my guess is the career progression will be very similar to a sell side role. If you work for a sub-bilion dollar fund who is having trouble raising additional funds, you may be stuck in that role until the need to bring someone under you to relieve you and your boss, in which case talented younger employees will reach out to a headhunter.
So, as you can see the answer obviously isn't a clear yes or no.
bankerella: UFOinsider: wow
wow, people here can never just answer a straight question. Examples: yes. no. I don't know.
Question is: is buyside up or out like sell side?
When a banker doesn't want to commit to stating the answer to something, they say some smart-sounding shit that they do believe is true and which is vaguely related.
LOL kinda like politics
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
HFFBALLfan123: UFOinsider:
wow, people here can never just answer a straight question. Examples: yes. no. I don't know.
Question is: is buyside up or out like sell side?
Every single HF/PE shop is different regarding size, number of funds, number of front office employees etc. If you work for a mega fund, my guess is the career progression will be very similar to a sell side role. If you work for a sub-bilion dollar fund who is having trouble raising additional funds, you may be stuck in that role until the need to bring someone under you to relieve you and your boss, in which case talented younger employees will reach out to a headhunter.
So, as you can see the answer obviously isn't a clear yes or no.
Very interesting, thank you. Followup question: is there any benefit to a person's career to stay in one role, as described above? Aside from obviously not moving up the food chain, can becoming specialized be beneficial? Or is someone who's extremely effective at building models or some other task get looked at as an oddity?
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
UFOinsider: bankerella: U
wow, people here can never just answer a straight question. Examples: yes. no. I don't know.
Question is: is buyside up or out like sell side?
When a banker doesn't want to commit to stating the answer to something, they say some smart-sounding shit that they do believe is true and which is vaguely related.
LOL kinda like politics
Or consulting.
I still have the same title I
NewGuy: I still have the same
HedgeKing: NewGuy: I still
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
bankerella: "up or out," Is
Soapy.Detergent: bankerella
See my other WSO blog posts
bankerella: Soapy.Detergent
bankerella: Soapy.Detergent
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
F. Ro
NO.
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
BTbanker: NO. Have you
Soapy.Detergent: BTbanker:
"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan
UFOinsider: HedgeKing: Ne
NewGuy: UFOinsider: Hedge
BTbanker: Soapy.Detergent:
UFOinsider: HFFBALLfan123:
NewGuy: UFOinsider: Hedge
HedgeKing: NewGuy: UFOins
NewGuy: HedgeKing: So at
So here is what I see as the
HedgeKing: Is the buy-side
YOU JUST GOT TROLLED
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UFOinsider: HedgeKing: Is
Many posters in WSO have
HedgeKing: Many posters in
I prefer the buy side.
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
NewGuy: HedgeKing: Many
SirTradesaLot: I prefer the
HedgeKing: SirTradesaLot: I
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
SirTradesaLot: HedgeKing:
HedgeKing: I think they are
Turbo leverage for capital explosion -- BD Capital
My WSO Blog
SirTradesaLot: HedgeKing:
HedgeKing: SirTradesaLot:
YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...
UFOinsider: HedgeKing: Si
You're talking nonsense
There definitely is no
Bondarb: There definitely is